Israel High Tech Scene Week in Review Mar 20 – 26 (Happy Pesach!)

Tel Aviv at sunset, Israel

We have a short week this week because of the Passover holiday this weekend.

New Startups

Israeli Industrial Cybersecurity Company SCADAfence Protects Companies On Line (JBN)
The company just raised $12 million. SCADAfence is an Israeli startup in the field of cybersecurity for Operational Technology (OT) and Internet of Things (IoT) environments. The company just raised $12 million in funding led by existing investor JVP.

Israel’s Axis Security Provides Cybersecurity Services For The Cloud (JBN)
The company just raised another $50 million. Israel Cybersecurity startup Axis Security Inc. promises to protect your business as it does business in the cloud. Its solution is Application Access Cloud which the company says has a unique architecture that makes it simple to deploy, use, and manage while delivering more secure access. The company just raised $50 million in series C funding led by new investor Spark Capital, which had previously invested in Twitter, Tumblr, and Slack. Axis has raised $100 million to date.

Israeli Industrial Cybersecurity Company SCADAfence Protects Companies On Line (JBN)
The company just raised $12 million. SCADAfence is an Israeli startup in the field of cybersecurity for Operational Technology (OT) and Internet of Things (IoT) environments. The company just raised $12 million in funding led by existing investor JVP.

Veev Raises $100 Million to Reinvent the Way Homes are Built (Press Release)
The new financing will power Veev’s modular prefabrication approach, and bring the company’s total capital raised to nearly $200 million.

Israeli’s Morphisec Offers Cloud Security And Ransomware Defense (JBN)
Cybersecurity is more important than ever. Morphisec is an Israeli cybersecurity startup which offers in cloud-delivered endpoint and server security solution. It just raised $31 million in funding led by JVP. Other existing investors, including Orange and Deutsche Telekom Capital Partners, also participated in the funding.

Utilis Is an Israeli Startup Which Finds New Underground Sources Of Water
The company just raised $6 million. Israeli startup Utilis calls itself a pioneer of satellite-based infrastructure intelligence. It basically uses satellites to detect underground sources of water. The company has raised $6 million from Beringea, a transatlantic venture capital firm, which will be used to accelerate the growth of its data-driven analytics enabling the detection of water leaks and infrastructure asset management.

Israeli Startup StarkWare Offers Cybersecurity Solutions
The company just raised $75 million. StarkWare is an Israeli cybersecurity startup which specializes in the development of solutions for enlarging blockchain capacity. The company just completed a $75 million financing round led by Paradigm and with the participation of existing investors Sequoia and Funders Fund, DCVC, Pantera and Wing and new investors Three Arrows and Alameda Research. The company has now raised $111 to date.

Mergers and Acquisitions

Fyber N.V Ad Tech Co Bought Out For $$600 Million By Digital Turbine (JBN)
Fyber helps app developers make money. Digital Turbine, Inc. (Nasdaq: APPS), is set to acquire the German-Israeli company Fyber N.V. for $600 million: $150 million in cash, $400 million in shares and $50 million in shares depending on future revenue. Fyber offers a platform to aid app developers monetize their products and to optimize profitability through quality advertising.

Twitter Has Acquired Israeli Startup Reshuffle (JBN)
No word yet on how much it cost. Twitter has bought out Reshuffle, an Israeli startup which offers an Application Programming Interface (API) solution. API is software which serves as an intermediary in that it enables two different applications to talk to each other. The sale price for Reshuffle has not yet been disclosed.

Yum! Brands to Acquire Leading Omnichannel Ordering and Marketing Platform Company (Press Release)
Acquisition Strengthens Yum! Brands’ Global Digital Ordering Capability and Integrates New Technology Talent into Company

IPO Talk and Unicorns

Orca Security Latest Israeli Unicorn with $1.2 Billion Valuation (JBN)
The status comes after a $210 round of funding. Israeli startup Orca Security is now a unicorn. The cybersecurity company reached this milestone when it completed a $210 million Series C round of funding led by CapitalG, Alphabet’s independent growth fund, and Redpoint Ventures, which left it with a $1.2 billion valuation.

Israeli Video Startup Kaltura Now Sees $2 Billion IPO (JBN)
That’s up from $1 billion expected just a few weeks ago. Kaltura, an Israeli startup which provides live and on-demand video SaaS solutions, has upgraded its expectations for its initial public offering. The company now says that it expects a $2 billion valuation once it holds an IPO on the NASDAQ, doubling the previous estimate of just $1 billion made only a few weeks ago. Its will be listed under KLTR.

Israeli Video Startup Kaltura Now Sees $2 Billion IPO (JBN)
That’s up from $1 billion expected just a few weeks ago. Kaltura, an Israeli startup which provides live and on-demand video SaaS solutions, has upgraded its expectations for its initial public offering. The company now says that it expects a $2 billion valuation once it holds an IPO on the NASDAQ, doubling the previous estimate of just $1 billion made only a few weeks ago. Its will be listed under KLTR.

Israeli Driver Safety Startup SaverOne Looking To Expand To The NASDAQ (JBN)
The company already lists on the TASE. SaverOne is an Israeli company which offers a new system takes which can take control over a driver’s telephone and prevent the use of dangerous applications. Globes reports that the company is thinking of offering its shares for sale on the NASDAQ. The news comes less than a year after it went public on the Tel Aviv Stock Exchange (TASE).

Read more about: ,

Wordpress site Developed by Fixing WordPress Problems