Home Israel & Middle East 30+ Israeli startups post over $10 million each in funding in Q1

30+ Israeli startups post over $10 million each in funding in Q1


white-board- startup illustration 593300_960_720

Israel’s high-tech arena posted confident first-quarter numbers including over 30 startups raising more than $10 million each in funding rounds from January to March 2016, according to a new Ethosia Human Resources report.

Israeli high-tech market reports announced at the end of 2015 that blue-and-white startups would be exciting commodities for investors worldwide in 2016 and those forecasts seem to be on target.

According to the new report, 33 high-tech companies raised more than $10 million each – totaling $869.3 million in investments in the first-quarter. Leading the group were cyber security analytics company Skybox Security ($96 million), network security company ForeScout Technologies ($76 million), immunotherapy startup Adicet bio ($51 million), JFrog, a developer of open source software distribution tools ($50 million), Zerto disaster recovery software solution ($50 million) and business analytics software company Sisense ($50 million).

The funding list continues with invoice financing startup BlueVine ($40 million), Elastifile flash storage solution ($35 million), V-Wave Unidirectional Shunt System ($28 million) and online financing company Ezbob ($28 million).

Other companies on the over $10 million list include Insightec ($22 million), enSilo ($21 million), AppCard ($20 million), CartiHeal ($15 million) and TravelersBox ($10 million), among others.

The Ethosia report also highlighted the top five exits in the first three months of the year: Leaba ($350 million), Altair ($200 million), Replay ($170 million), TowerSec ($75 million) and Volicon (tens of millions, full details not disclosed).

The report also showed that the highest in-demand jobs in the high-tech sector are in the cyber, web, mobile and IoT arenas.


By Israel21C


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.