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CellSavers changes name to Puls, raises $25 million in private funding

JERUSALEM (Reuters) - CellSavers, a U.S.-Israeli company that provides instant services for smart devices, said on Tuesday it was changing its name to Puls and that it raised $25 million in a new funding round.

The round was led by Red Dot Capital Partners — a Temasek Holdings backed growth fund — and also included new investors Samsung Next, Maverick Ventures and Kreos Capital as well as participation from existing investors Sequoia Capital and Carmel Ventures.

The two-year-old company, which has raised $43 million to date, said the proceeds would go toward widening its services -- in which it connects consumers with technicians to install, support or repair their smart technology devices anytime -- and expand into new U.S. markets.

Reporting by Steven Scheer

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