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Israel High Tech Scene Week In Review July 4 – July 10

Tel Aviv at sunset, Israel

New Startups / VC Funding

Juno Journey Has Platform To Help Employees Grow

Israeli startup Juno Journey utilizes artificial intelligence AI in order to aid organizations in improving their employees’ overall improvement. Juno Journey just raised $19 million in Series A funding in its first institutional funding round led by Insight Partners.

Israeli Startup Wisesight Offers New Parking Solutions
Wisesight is an Israeli startup that develops technology solutions for managing parking in smart cities. Wisesight has raised $4 million in Series A funding led by private investors from Israel and abroad.

Cardiac Success Has New Treatment For Heart Failure
Cardiac Success Ltd. is an Israeli medical device medtech startup which is developing a transcatheter ventricular repair device for heart failure patient. Cardiac Success closed a $5.2 million Series A financing round led by 415 CAPITAL, a specialist VC firm that primarily backs innovative medical technology companies in the cardio-and neurovascular space.

Aleph Farms Raises $105 Million For Cultured Meat
Israeli meat alternative startup Aleph Farms grows steaks directly from non-genetically modified animal cells. Aleph Farms has raised $105 million in a Series B funding round led by the Growth Fund of L Catterton and DisruptAD

Medorion Offers SaaS Solutions For Health Insurers
Israeli startup Medorion develops behavioral intelligence SaaS solutions for health insurers. Medorion completed a $6 million funding round led by 10D. This brings Medorion’s total funding to date to $9 million.

AnyVision Raises $235 Million For Facial Recognition Tech
Israeli startup AnyVision is a facial recognition AI company. AnyVision has brought in an investment of $235 million from SoftBank Vision Fund 2i and Eldridge with further participation from existing investors. The technology can be used in security and defense.

IPOs and Unicorns
Riskified Israeli E Commerce Fraud Startup Files For NYSE IPO
Israeli startup Riskifield (think risky field), which offers e commerce fraud prevention services, is headed for its big exit. Riskifield has announced plans for an initial public offering IPO on the New York Stock Exchange NYSE. Riskifield already hit unicorn status with a $1 billion plus valuation.

Outbrain Brings In $200 Million In New Funding Ahead Of IPO

Outbrain Inc., an Israeli startup which offers content recommendation to businesses, just raised another $200 million. The money comes from Boston-based investment manager The Baupost Group. The news comes just one week after Outbrain submitted the formal paperwork with the SEC ahead of its planned IPO. This brings the total investment in Outbrain to date to about $344 million.

SentinelOne Is Now Worth $13.4 Billion, Raises $1.33 Billion From IPO
SentinelOne, an Israeli cybersecurity firm, made a killing with its initial public offering IPO on the NYSE on June 30, coming away with a massive $8.9 Billion valuation. While not the biggest IPO in Israeli history, it was the biggest for a cybersecurity startup. Now SentinelOne has hit a total market cap of $13.36 billion, reports Globes. That marks a roughly 40% increase in the value of SentinelOne in just one week. And it is much higher than the $10 billion valuation that the company had originally expected from the IPO.

Israeli Unicorn Orca Security Raises $150 Million From Singapore’s Temasek
Israeli cybersecurity startup Orca Security. which specializes in cloud services security, Just brought in an additional $150 million in funding, and all from the same source too. According to Calcalist, Orca Security, a unicorn startup, raised the funds from Temasek Holdings, which is operated by the government of Singapore. This ups Orca’s valuation to as much as $1.75 billion.

Mergers and Acquisitions
Israeli Fintech Co Rapyd Buys Iceland’s Payment Solutions Co Valitor
Rapyd, an Israeli global payments and fintech company, is set to purchase Icelandic company Valitor for $100 million. Valitor is a payments solutions company.

Namogoo Acquires Remarkety
Namogoo is an Israeli company offering a Digital Journey Continuity platform. Remarkety is an Israeli provider of data-driven email marketing automation solutions for eCommerce. The two companies will now combine their resources as Namogoo has bought out Remarkety. The purchase price was not disclosed.

Alpha Tau Medical Makes IPO SPAC Merger Worth $1 Billion
Israeli medtech startup Alpha Tau Medical has developed a new form of cancer therapy which uses alpha radiation. Alpha Tau Medical is now looking ahead to its IPO. Globes reports that Alpha Tau has entered into an SPAC merger with special purpose acquisition company Healthcare Capital Corp. The new company has an expected valuation of $1 billion.

Other Business Stories
Spacecom Israel Goes Into The Final Frontier
Spacecom, the final frontier! O.K, so maybe it’s not exactly like Star Trek. And, no, they do not offer super rich people space tourism opportunities like Jeff Bezos and Elon Musk are doing. But Spacecom does handle satellites and the company just signed an extension of a contract with Hungary’s Magyar Telekom, worth $8.6 million. Spacecom has also entered into a new partnership with Canada’s NuRAN Wireless Inc.

MeaTech Can Get You Kosher Pork – No Joke
Israel’s MeaTech 3D Ltd. (NASDAQ: MITC) is a technology company developing a suite of advanced manufacturing technologies to produce cultured meat products. MeaTech has begun cultivated pork research and development activities, focusing on cell lines and technologies for the potential future mass production of cultivated pork.

Is Neiman Marcus Selling Bergdorf Goodman?
Neiman Marcus might just be interested in unloading the iconic luxury store Bergdorf Goodman. The move comes after Neiman Marcus recently made its return from Bankruptcy. According to the New York Post, the interested Bergdorf Goodman buyer is none other than Ashkenazy Acquisition Corp. Meanwhile, Neiman Marcus has pledged to stop selling fur.

UAE Firm SJM Group And Israel’s INMED Partner On Medtech In Dubai
Dubai based SJM Group and INMED, an Israeli medtech startup which offers an end-to-end digital health platform, are teaming up. The two firms are set to create a digital health platform for remote patient management in Dubai. SJM Group Chairman, H.H. Sheikh Juma bin Maktoum Al Maktoum and INMED founders Dr. David Morel and Mashi Kadar announced the new partnership.

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