Omri Casspi Backed Startup Edelbyte Secures $70M at $500M Valuation

Former NBA star Omri Casspi is making significant waves in the tech venture ecosystem as Edelbyte, a startup backed by his Swish Ventures fund, secured a $70 million cumulative funding milestone at a $500 million valuation.

Edelbyte announced the completion of a $45 million funding round led by Quiet Capital, with participation from new and existing investors. This follows an earlier $25 million seed round led by Sequoia Capital, alongside Greenoaks and Casspi's Swish Ventures. Additional participants in the latest round included Gil Ofer's QP Ventures, Startpoint Capital, and Cerca Partners.

Commenting on the milestone on LinkedIn, Omri Casspi stated: "I am proud to support Edelbyte as it emerges from stealth today. Securing $70 million in funding is a major milestone. They recognized that AI agents can generate more output than any human team and built an information platform designed for maximum efficiency. They are already working with Fortune 500 companies."

Edelbyte was founded in November 2025 by four senior engineers with over a decade of combined experience at Microsoft: Avner Aharoni, Yevgeny Reizik, Alexander Slutsky, and Yoni Leibowitz. The founders previously worked on advanced data systems, including the Kusto platform, which serves as the foundation for core Microsoft products.

For Casspi, this investment underscores his expanding footprint in the technology sector. After co-founding Sheva Fund in 2022 with David Citron, he launched his independent fund, Swish Ventures. In September, the fund closed a $250 million third fund, pushing its total assets under management to approximately $800 million.