Connect with us

Hi, what are you looking for?

Jewish Business News


Israel High Tech Scene Week In Review June 6 – 12

Tel Aviv at sunset, Israel

New Startups / VC Funding
Israeli Startups Have Raised $10 Billion Since The Start Of 2021
Israeli High-Tech companies claimed large investment closing within 72 hours.

DealHub.Io Has A Revenue Amplification Platform
DealHub just brought in $20 million. offers the only complete Revenue Amplification Platform (RevAmp). The company closed $20 million in Series B funding led by Israel Growth Partners, with participation from existing investor Cornerstone Venture Partners.

Israel’s Novidea Offers Cloud Based Solutions For The Insurance Industry
Novidea has raised $30 million. Novidea is an Israeli company offering a cloud-based, data-driven InsurTech platform that enables brokers, agents, and MGAs to drive operational efficiencies and growth across the entire distribution lifecycle.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

TailorMed Has Financial Management Platform For Cancer Patients
The company just raised $20 million. Israeli startup TailorMed is a financial navigation technology fintech company that helps patients and healthcare providers remove financial barriers to care.

Lydus Medical Is New Israeli Medtech Startup
Lydus Medical is an Israeli medtech startup developing a novel product line for automating the creation of small blood vessel anastomoses. The company’s Vesseal is an automated microvascular suturing device that delivers a standardized, thread-only, omni-vessel anastomosis to enable simple, fast, safe, and effective procedures.

Israel’s Notal Vision Raises $60 Million For Its Ophthalmic Home Monitoring Services
The company that operates the Notal Vision Diagnostic Clinic. Notal Vision is an Israeli medtech diagnostic services company that operates the Notal Vision Diagnostic Clinic, a medical provider with a proven platform for engaging patients and AI-enabled analyses of high-volume personalized health data that extends disease management from the clinic to the home to improve vision outcomes, reduce treatment burden, and improve health economics.

CorrActions Israeli Startup Offers System To Prevent Human Errors
The company raised $2.7 million. Israeli startup CorrActions uses neuroscience for an advanced, unique, non-invasive platform that precludes human-machine interface errors.

Stoke Talent Offers Novel Freelance Hiring Management Platform
Stoke just raised $15.5 million. Israeli startup Stoke Talent is a freelance management system (FMS). The company declares that its solution makes it easy for companies to work with independent contractors, reduces the hassle of hiring, onboarding, tracking and managing invoices, while ensuring full legal and tax compliance.

IPOs and Unicorns
New Israeli Unicorn Exabeam Hits $2.4 Billion Valuation
The company brought in $200 million. Exabeam, an Israeli security analytics and automation company, hit unicorn status with a $2.4 billion valuation. The coveted status of unicorn came when Exbeam raised $200 million in a Series F growth round led by the Owl Rock division of Blue Owl Capital and supported by existing investors Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners.

Israeli AI Startup Verbit Now A Unicorn Worth More Than $1 Billion
Verbit just recently bought out another startup. Verbit, an Israeli developer of an AI-powered transcription and captioning platform, has now hit the coveted unicorn status. Verbit broke the $1 billion valuation mark with a $157 million Series D round of funding.

SentinelOne Files For NYSE IPO – Expects $10 Billion Valuation
The IPO has been expected for months.

Israel’s WalkMe Looks To $2.5 Billion IPO
WalkMe could bring in up to $340 million. The Israeli startup WalkMe, a provider of website navigation and digital adoption solutions, launched its initial public offering, IPO.

Digital Ad Startup Minute Media May Hold $1 Billion IPO
Minute Media’s portfolio now consists of 6 global sports and entertainment brands. Minute Media is an Israeli media and technology startup focused on platform and content.

Israeli Startup Glassbox Holds $500 Million IPO
The company raised $100 million on the TASE. Glassbox, an Israeli startup that provides digital analytics for web and mobile applications, just raised $100 million from its initial public offering held on Tel Aviv Stock Exchange TASE. The IPO left Glassbox with a $500 million valuation.

Monday.Com Hold $6.8 Billion IPO
The company raised $574 million.

Mergers and Acquisition
ALD Moves Forward With Merger With Hub Security
ALD just raised another $50 million to that end. ALD Advanced Logistics Development Ltd. (TASE: ALD) is moving forward with its plans to merge with fellow cybersecurity firm Hub Security. To that end, ALD raised $50 million from Israeli and international leading institutional investors. HUB Security has been valued at $146 million.

Planon Buys Out Israel’s IoT Platform Axonize
The price was not disclosed. Axonize , explains Planon, compliments Planon’s ‘Open Platform’ approach by providing “out-of-the-box connections with smart devices and data sources across a plethora of vendors.

Other Business Stories
Google Fined $268 Million By France Over Privacy Violations
Google is also under investigation in America. Google has been fined 220 million euros ($268 million) by France’s antitrust watchdog for what the organization describes as abuse of Google’s position in online advertising. There is, of course, nothing new to the allegation that Google engages in anti-competitive – some would even say monopolistic – practices when it comes to how the company handles its advertising business, uses data collected on billions of users every day and how the company takes advantage of all the devices which run on its free Android operating system.

Bill Ackman’s Pershing Square Wants 10% Of Universal Music For $4 Billion
The deal is not yet final. Bill Ackman’s Pershing Square Tontine Holdings (PSTH) confirmed that it is in discussions with Vivendi S.E. (“Vivendi”) to acquire 10% of the outstanding Ordinary Shares of Universal Music Group B.V. (“UMG”) for approximately $4 billion. Such an acquisition would leave Universal Music Group with a valuation of $42.4 billion, said Pershing Square in a statement.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.