Published On: Sat, May 1st, 2021

Israel High Tech Scene Week In Review Apr 24 – May 1

Tel Aviv at sunset, Israel

New Startups / VC Funding
VESSL Therapeutics Is A Medtech Startup Offering New Cardiovascular Treatments
The company just raised $16 million. Israeli medtech startup VESSL Therapeutics develops new treatments for a wide range of blood-vessel-related disorders.

AirEye Cybersecurity Startup Offers Network Airspace Protection (NAP)
Hackers get better so you need to get better too. Israeli cybersecurity startup AirEye Network Airspace Protection (NAP) offers what it says is the only solution that provides full protection against any form of airborne attacks launched against the organizational network. The company just raised $8 million in a Series A funding round led by U.S. Venture Partners (USVP).

Israel’s RapidAPI Offers Application Programming Interface Solutions
The company just raised $60 million. RapidAPI is an Israeli startup which boasts that it offers a service where over half a million developers find and connect to thousands of public APIs. The company has a team of developers based in San Francisco, Tel Aviv and Kiev. RapidAPI has raised $60 million in a series C funding round.

Placer.Ai Offers Location Analytics And Foot Traffic Capabilities
The company just raised $50 million. Israeli startup Placer.ai offers retailers location analytics and foot traffic data. This includes actionable insights and location analytics for a retailer’s potential customer base and their competition to be used for the selection a location, or place, for their store.

New Startup Zoog Offers Video Services For Baby Boomers To Connect With Their Grandchildren
Company founder Yoav Oren spoke with JBN. Zoog is a new Israeli startup in the video services industry. But this company offers its customers a very special service — Zoog adapts children’s books to the medium of creative video communication, enabling grandparents, parents, other remote family members or educators to communicate with the children in their lives across the technology gap.

Guesty Offers Property Management Software To Property Managers And Management Companies
Guesty has also announced it has acquired property management software company Your Porter. Israeli startup Guesty offers an end-to-end solution which it says simplifies the complex operational needs that property managers face on a daily basis – from guest communication to task assignment to payment processing.

Israeli Startup ZenGo Is The Crypto Mobile Wallet For Retail Investors
The company has raised $20 million.ZenGo is an Israeli startup offering a crypto mobile wallet for retail investors. The company has raised $20 million in a Series A round led by Insight Partners.

New Israeli Startup Akeyless Offers Cloud Security Services – Raises $14 Million
There is a good reason why cybersecurity startups are so valuable today. Akeyless is yet another cybersecurity startup from Israel. It calls itself the secrets management company, offering zero-trust access (PAM 2.0) and data protection (encryption, signing and KMS).

Locusview Israeli Digital Construction Management Startup Raises $64 Million
Locusview is a technology company with a client base composed of the leading and largest gas and electric utility companies worldwide. Israeli digital construction management startup Locusview has developed a platform for energy, telecom, and water industries. The company just completed a $64 million Series A financing round.

Israeli Startup IRP Systems Develops Electric Vehicle Powertrain Solutions Raises $31 Million
IRP specializes in high-performance electric powertrain systems for a variety of e-mobility platforms.IRP Systems is an Israeli startup which provides innovative electric powertrain solutions for e-mobility. The company raised $31 million in Series C funding, bringing its total funding to $57Million.

Connecteam Offers All In One App For Remote Workers — Raises $37 Million
Connecteam is a deskless workforce management app. Israeli startup Connecteam offers an all-in-one employee app which it says empowers organizations with non-desk employees to communicate, engage, and operate their teams.

IPOs and Unicorns
Pagaya Fintech Startup Looks To $8 Billion IPO
Fintech is really big these days. Israeli fintech startup Pagaya is planning to hold its initial public offering, possibly through an SPAC merger. The P2P credit and loans company specializes in managing alternative investments through technology. Reports indicate that Pagaya is looking at an $8 billion valuation from its IPO.

Israeli Startup Idomoo Offers A Personalized Video As A Service Platform — Headed To IPO
It hopes to raise as much as $40 million. Idomoo is an Israeli startup which offers a new platform for video as a service. The company is planning for an initial public offering on the Tel Aviv Stock Exchange TASE. According to Globes. Idomoo expects to raise as much as $40 million from its IPO and get a valuation of $150 million.

Ari Emanuel’s Endeavor Group Holdings Holding $10 Billion IPO Thursday
The company expects to raise $511.2 million. Endeavor Group Holdings, the American holding company for talent and media agencies run by Ari Emanuel, is going public. Emanuel is the brother of former Congressman, White House Chief of Staff and Mayor of Chicago Rahm Emanuel. The Beverly Hills based Company expects to raise $511.2 million by selling 21.3 million shares priced at $23 to $24 a share in its IPO. This would leave it with a value of more than $10 billion.

Israel Fintech Startup Nayax Looking At $1 Billion Valuation With TASE IPO
Nayax joins a number of other Israeli fintech success stories. Nayax Ltd., an Israeli Fintech startup, has commenced a global initial public offering of its ordinary shares to institutional investors. Nayax proposes to sell up to 44,000,000 of its ordinary shares in the offering, for as much as $150 million. This would give the company a $1 billion valuation.

Other Business Stories
Facebook And YouTube May Finally Have A Competitor In New Mighty Networks
The company just raised $50 million. Mighty Networks is a new SaaS platform for content creators and brands to start and grow communities, while having more financial control over their creations. It could give Facebook and YouTube a run for their money.

SodaStream Starts New Environmental Campaign: “Don’t Just Share, Care”
The environmental brand encourages people to transform social concern into real action for the planet. SodaStream began a new sustainable goals environmental campaign as part of its observance of international Earth Day last week. The new campaign called “Don’t just share, care” features Randi Zuckerberg. The company will call on people to not only virtually care on social media but also take action in real life.

Blackstone Opening Israeli Office
Yifat Oron will run the new office. Blackstone, an international investment firm led by billionaire investor Stephen Schwarzman, is set to open up its first office in Israel. Yifat Oron, who previously served as CEO of LeumiTech, has been tapped to be the Senior Managing Director and head of the firm’s new office in Tel Aviv.

Kaspersky Security Finds Covid Remote Working Cyber Attacks Increase – Over 8 Million On Israelis Alone
Ransomware is the biggest villain. More than 8 million Israelis suffered cyberattacks while remote working during the Covid crisis, according to research performed by cybersecurity firm Kaspersky. Much of this came from ransomware attacks.

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