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High-Tech

Eye on the Israeli High-Tech Industry Updates (Nov 13 – Nov 20)


UAE views Israel as a strategic cybersecurity partner, says head of national cyber authority
“Israel has the best talent in the field and we are working together in order to protect the digital space,” said Mohammad Al Kuwaiti.
(CTech 19 Nov 2020)

Israel’s OurCrowd Announces Japan’s ORIX $60 Million Investment
ORIX’s First collaboration with Israeli Venture Capital Cooperation across a wide variety of industries, with focus on bringing Israeli tech to Japanese multinationals.
(BusinessWire 19 Nov 2020)

Rapper Jay-Z Invests In Israeli Startup K Health
Jay-Z invested in K Health through his Marcy Venture Partners.
(Jewish Business News 19 Nov 2020)

Autonomous driving inches closer as DENSO Corp. links up with Israel’s Foretellix
Foretellix’s advanced coverage driven verification platform Fortefy was selected by DENSO.
(Jewish Business News 19 Nov 2020)

Israeli Startup Cato Networks Hits $1 Billion Valuation
Cato Networks hit the milestone mark by bringing in $130 million in new investments.
(Jewish Business News 18 Nov 2020)

Maniv Mobility Becomes First Israeli VC To Invest In UAE Firm
Maniv invested $3.8 Million in Emirati Startup Fenix.
(Jewish Business News 18 Nov 2020)

Chinese VC RunYoung launches $50 million fund to invest in Israeli life science startups
The fund will invest sums starting at $250,000 in basic research projects and up to $5 million in early-stage companies
( CTech 17 Nov 2020)

Apple to lease huge office space in Haifa
The US technology giant has agreed to lease the entire first stage of a new project by Bayside unit Matam.
(The Time of Israel 17 Nov 2020)

9 Israeli companies among 100 tech ’emerging market challengers’
CyberArk, Wix, OrCam, Monday.com among Israeli firms listed in Boston Consulting report; tech challengers are those ‘reinventing’ industries, charting paths to success.
(The Time of Israel 17 Nov 2020)

In the absence of acquisitions, IPOs are swooping in to save the tech scene
PwC expert offers three explanations for why going public is replacing M&As as the main route to the coveted tech exit.
(CTech 16 Nov 2020)

These countries spend the most on research and development
The top five are: Israel, South Korea, Switzerland, Sweden and Japan.
(World Economic Forum 16 Nov 2020)

Israeli startups in New York raised more than $1 billion during the pandemic
A map of 350 Israeli tech companies in the Big Apple reveals what the hottest trends are and why now is the time to open a NY office.
( CTech 16 Nov 2020)

Selected Recent Database Additions & Activity (Nov 13 – Nov 20)
Financing Rounds:
K Health ($42M, Series D)
ControlUp ($27M, Series C)
Fireblocks ($30M, Series B)
Build Security ($6M, Seed)
Cato Networks ($130M, Series E)
Ride Vision ($7M, Series A)

Exits (M&A and IPO)
Reps.AI ($20M, Acquired by KMS Lighthouse)

New Startups Added
Build Security (IT, Cyber Security)
Poold Diagnostics (Life Science, Diagnostics)
Breath of Health (Life Science, Diagnostics)
Alteco.ai (Cleantech, AI)

New Israeli VC Fund Added (Closed Funds & First Closing Q3-Q4 2020)
Peregrine Ventures Growth ($101M)
10D Fund I ($110M)
Aristagora VC Israel LP ($60M)
VentureIsrael LP 
Unicorn Technologies Limited Partnership ($20.5M)
Team8 Capital Fund ($104M)

Source: IVC Research

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