# Ayal Itzkovitz

> Ayal Itzkovitz is a seed investor at Pitango VC backing Software and Quantum Computing. See 13 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Pitango VC](https://shizune.co/investors/profile/pitango-venture-capital)
- Total investments: 13
- Last investment: Nov 2025
- Lead investor: 54%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/ayali/

Ayal Itzkovitz is a seed investor at Pitango VC focused on Software and Quantum Computing. Ayal Itzkovitz - Managing Partner @ Pitango VC

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $4.5M–$15M |
| Series A | $11M–$30M |
| Series B | $3M–$38M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 23% |
| Quantum Computing | 2 | 15% |
| SaaS | 1 | 8% |
| Retail | 1 | 8% |
| Travel | 1 | 8% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 31% |
| Series A | 4 | 31% |
| Series B | 2 | 15% |
| Series C | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Israel | 5 | 38% |
| United States | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Localbird | Localbird is a technology-enabled vacation rental concierge that prioritizes the needs of travelers. Localbird assists hosts in realizing the full potential of property by giving guests with exceptional local experiences. | $7.4M | Seed | Nov 18, 2025 |  |
| Quantum Source | Quantum Source is developing a photonic quantum architecture for fault-tolerant, practical quantum computers that can scale to millions of qubits at a fraction of the complexity, footprint, power consumption, and cost of other implementations. Designed around chip-based photon-atom gates, Quantum Source’s novel architecture allows fordeterministic, one-step mutual exchange of quantum information between photonic and atomic qubits. Providing versatile building blocks for scaling up quantum systems, Quantum Source is paving the path towards cost-effective, practical quantum computers that will disrupt industries such as medicine, security, climate simulations, financial algorithms and more. | $12M | Seed | Apr 19, 2023 |  |
| Quantum Source | Quantum Source is developing a photonic quantum architecture for fault-tolerant, practical quantum computers that can scale to millions of qubits at a fraction of the complexity, footprint, power consumption, and cost of other implementations. Designed around chip-based photon-atom gates, Quantum Source’s novel architecture allows fordeterministic, one-step mutual exchange of quantum information between photonic and atomic qubits. Providing versatile building blocks for scaling up quantum systems, Quantum Source is paving the path towards cost-effective, practical quantum computers that will disrupt industries such as medicine, security, climate simulations, financial algorithms and more. | $15M | Seed | Jul 01, 2022 |  |
| Nexite | Nexite develops a platform that provides item tracking, inventory transparency and business intelligence from manufacturing to the customer's home. Its miniature NanoBT batteryless tag can be read by any smartphone, costs a fraction of the cost of similar tags, and is small enough to embed into the item. The company was founded in 2017 andis headquartered in Tel Aviv, Israel. | $67M | Series C | May 11, 2022 |  |
| ARMO | CyberArmor empowers DevOps teams to seamlessly deploy natively zero-trust workloads across all environments. CyberArmor provides a Zero-Trust Identity based service-to-service visibility and security control plane for cloud native, data center and hybrid environments. The CyberArmor control plane brings together data protection and workloadprotection by arming every workload with infrastructure-independent self-protecting capabilities assuring continuous workload authorization from CI/CD to Runtime and allowing complete visibility and control over Data, API and Network access.The company patent-pending technology utilizes stealth coding and moving target defense mechanisms to assure a strong Code-DNA based cryptographic identity and data protection throughout the entire workload lifecycle. | $30M | Series A | Apr 27, 2022 |  |
| Frontegg | Frontegg is a developer platform that enables self-service, security and enterprise-capabilities through a rich user-management interface, freeing up creativity and differentiation. Frontegg's platform doesn’t just provide you with Authentication & SSO via an embeddable login-box, but a full Admin Portal serving as the Settings area foryour users.The Admin Portal allows your users to control every aspect of their accounts: manage users & teams, define and assign roles & permissions, get visibility through audit logs, subscribe to webhooks and much more. Frontegg’s interfaces are embedded as a UI layer within your app and becomes a customer-facing management interface for your end-users, both on the personal and workspace levels. Frontegg also powers-up your backend through rich SDKs supported in various languages and frameworks. | $25M | Series A | Dec 01, 2021 |  |
| ARMO | CyberArmor empowers DevOps teams to seamlessly deploy natively zero-trust workloads across all environments. CyberArmor provides a Zero-Trust Identity based service-to-service visibility and security control plane for cloud native, data center and hybrid environments. The CyberArmor control plane brings together data protection and workloadprotection by arming every workload with infrastructure-independent self-protecting capabilities assuring continuous workload authorization from CI/CD to Runtime and allowing complete visibility and control over Data, API and Network access.The company patent-pending technology utilizes stealth coding and moving target defense mechanisms to assure a strong Code-DNA based cryptographic identity and data protection throughout the entire workload lifecycle. | $4.5M | Seed | Jan 27, 2021 |  |
| Zapata Quantum | Zapata Computing is a quantum software company that offers computing solutions for industrial and commercial use. It provides hardware-agnostic solutions for simulation, optimization, and machine learning applications in chemistry, finance, logistics, pharmaceuticals, engineering, and materials.Zapata Computing is a spun out of Harvard Universitylaunched by a group of Harvard scientists, including Alán Aspuru-Guzik.The company was founded in 2017 and is headquartered in Boston, Massachusetts. | $38M | Series B | Nov 19, 2020 |  |
| Nexite | Nexite develops a platform that provides item tracking, inventory transparency and business intelligence from manufacturing to the customer's home. Its miniature NanoBT batteryless tag can be read by any smartphone, costs a fraction of the cost of similar tags, and is small enough to embed into the item. The company was founded in 2017 andis headquartered in Tel Aviv, Israel. | $22M | Series B | Oct 26, 2020 |  |
| Frontegg | Frontegg is a developer platform that enables self-service, security and enterprise-capabilities through a rich user-management interface, freeing up creativity and differentiation. Frontegg's platform doesn’t just provide you with Authentication & SSO via an embeddable login-box, but a full Admin Portal serving as the Settings area foryour users.The Admin Portal allows your users to control every aspect of their accounts: manage users & teams, define and assign roles & permissions, get visibility through audit logs, subscribe to webhooks and much more. Frontegg’s interfaces are embedded as a UI layer within your app and becomes a customer-facing management interface for your end-users, both on the personal and workspace levels. Frontegg also powers-up your backend through rich SDKs supported in various languages and frameworks. | $5M | Seed | Oct 14, 2020 |  |

10 of 13 investments shown.

## Co-investors
- [Battery Ventures](https://shizune.co/investors/profile/battery-ventures) — VC Fund, 3 deals together
- [Comcast Ventures](https://shizune.co/investors/profile/comcast-interactive-capital) — VC Fund, 3 deals together
- [Prelude Ventures](https://shizune.co/investors/profile/prelude-ventures-llc) — VC Fund, 3 deals together
- [Bosch Ventures](https://shizune.co/investors/profile/robert-bosch-venture-capital) — VC Fund, 3 deals together
- [Vertex Ventures](https://shizune.co/investors/profile/vertex-ventures) — VC Fund, 3 deals together
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 2 deals together

## About Pitango VC

VC Fund · Herzliya, Israel

Pitango VC is a venture capital firm focused on health-tech (Pitango Health-tech) and growth (Pitango Growth) investments in startups around the world in domains such as vertical SaaS, digital health, deep tech, fintech and insurance technology, devops, generative AI, Web3, and food tech.With two offices in Israel, Pitango currently managesseveral venture funds totaling over $2.8 billion in committed capital. It has invested in more than 250 companies.

5 contacts available at Pitango VC.

| Name | Title | Profile |
| --- | --- | --- |
| Aharon Dovrat | Founder, Board Member Emeritus | https://shizune.co/investors/profile/aharon-dovrat |
| Gad Huldai | Partner | https://shizune.co/investors/profile/gad-huldai |
| Isaac Hillel | Managing Partner | https://shizune.co/investors/profile/isaac-hillel |
| Aaron Mankovski | Managing Partner | https://shizune.co/investors/profile/aaron-mankovski |
| Amir Faintuch | Venture Partner / Adviser | https://shizune.co/investors/profile/amir-faintuch |

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## FAQ

### What does Ayal Itzkovitz invest in?

Ayal Itzkovitz invests primarily in Software, Quantum Computing and SaaS startups, most often at Seed and Series A stage. Most of the 13 investments tracked by Shizune back companies in Israel. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ayal Itzkovitz's check size?

Ayal Itzkovitz typically joins rounds of $4.5M–$15M at Seed, $11M–$30M at Series A and $3M–$38M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ayal Itzkovitz participates in.

### When did Ayal Itzkovitz last invest?

The most recent investment recorded for Ayal Itzkovitz closed in Nov 2025. Shizune tracks 13 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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