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Eye on the Israeli High-Tech Industry Updates (Nov 20 – Nov 27)

SavorEat Scores More Than $13 Million in First-Ever Food Tech IPO On Israeli Exchange
SavorEat boasts that it is all about creating the perfect plant-based products. The funds brought in give SavorEat a $51 million valuation.
(Jewish Business News, 27 Nov 2020)

Israel’s INSIGHTEC Gets Britain’s NHS to Fund Its Ultrasound Tech
INSIGHTEC works on MR-guided focused ultrasound to treat Essential Tremor patients.
(Jewish Business News, 27 Nov 2020)

Abu Dhabi’s Mubadala seeks Israeli partners on technology investment​
Abu Dhabi state investor Mubadala plans to identify potential fund partners in Israel and find high-growth technology firms in which to co-invest, as the United Arab Emirates and Israel seek to boost commercial ties after normalizing relations.
(Reuters, 26 Nov 2020)

Google to Connect Israel and Saudi Arabia with Fiber-Optic Network
While Israel failed to reach an agreement for the establishment of diplomatic ties with Saudi Arabia, the two nations may still soon be connected at least by communications cables.
(Jewish Business News, 25 Nov 2020)

Food-tech co SavorEat raises NIS 42.6m in TASE IPO
The Israeli company produces meat alternatives from an innovative plant based formula, a smart robot for 3D printing, and roasting using advanced cooking methods.
(Globes, 25 Nov 2020)

AppsFlyer Hits $2 Billion Valuation With Investment from Salesforce
The company sells mobile analytics software that weighs the effectiveness of ad campaigns.
(Jewish Business News, 24 Nov 2020)

Unicorn Hippo Insurance Raises A Fresh $350M
Insurtech unicorn Hippo closed a $350 million round to help it expand into more of the U.S.
(crunchbase news, 24 Nov 2020)

Ibex Investors closes $100m Israel startup fund
The fund will invest in early stage and growth companies in cybersecurity, enterprise software and other sectors.
(Globes, 24 Nov 2020)

6 Israeli Innovations Feature On TIME Magazine’s 100 Best Inventions Of 2020
TIME magazine has listed five Israeli-made innovations among its annual list of 100 Best Inventions of 2020 that are “changing how we live.” In 2019, the magazine featured nine Israeli innovations.
( NoCamels, 24 Nov 2020)

Chinese consortium invests $106 million in Israeli 3D imaging semiconductor company Inuitive
Inuitive has developed technology that optimizes consumer experiences and enhances competitive advantages in the areas of robots, drones, augmented reality, and virtual reality.
(CTECH, 23 Nov 2020)

Japan’s NTT Data, Sompo seek Israeli startup collaborations
The two Japanese companies are seeking startups in quantum cryptography, secure computation, IoT sensor devices,and video content analytics.
(Globes, 23 Nov 2020)

Israel named by Mastercard as the best country for women entrepreneurs
Mastercard Index of Women Entrepreneurs for 2020 highlighted Israel’s success in institutional backing for SMEs and its goal of doubling the number of female entrepreneurs within two years.
(CTECH, 23 Nov 2020)

aMoon and Roche to cooperate on digital health
The Israeli venture capital fund and the pharmaceutical giant will invest in nine early stage startups.
(Globes, 22 Nov 2020)

Israeli E-Commerce Startup Forter Reaches $1.25 Billion Valuation
Forter, which specializes in e-commerce fraud prevention outperforming fellow Startup Nation company Cato which reached a $1 billion valuation earlier in the week.
(Jewish Business News, 21 Nov 2020)

Israel and UAE: The Momentum Keeps On Growing
Maniv Mobility’s investment is the first by an Israeli venture fund in a UAE-based tech start-up since the normalization of relations.
( Lee Saunders & AYR, 19 Nov 2020)

Abu Dhabi Global Market signs fintech agreement with Israel Securities Authority
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent.
(Gulf Business, 19 Nov 2020)

Selected Recent Database Additions & Activity (Nov 20 – Nov 27
Financing Rounds
Novidea ($15M, Series B)
Zesty ($6.6M, Seed)
Hippo ($350M, Series E)
Vanti Analytics ($4.5M, Seed)
Percepto ($45M, Series B)
Logz.io ($23M, Series E)
Inuitive ($106M, Series E)

Exits (M&A and IPO)
SavorEat ($12.8 IPO, TASE)
NeoGames (($45M, IPO, NASDAQ GM)
GenCell ($61.5M, IPO, TASE)

New Startups Added
Laguna Health (Digital Health, Insurtech)
Multinarity (IT, Augmented Reality)
INCRMNTAL (Internet, Adtech)
Kimonix (e-Commerce, RetailTech)
Wingle.AI (Mobile Applications, AI)
Keese (Mobile Applications, Fintech)

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

Source: IVC Research
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