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StartUps

Israel High Tech Scene Week In Review July 25 – 31

Tel Aviv at sunset, Israel

New Startups / VC Funding
IoT Startup Wiliot Raises $200 Million
Wiliot is an Israeli startup that offers Sensing as a Service solutions as well as Internet of Things (IoT) technology. Williot has developed a self-powered, stamp-sized computer they say is changing the relationship between manufacturers and their products. The company has raised $200 million in a Series C funding round led by… Read More Here

Israeli Medtech Startup Nym Health Raises $25 Million

Israel’s Nym Health, a provider of autonomous medical coding technology, brought in $25 million in new funding led by Addition. This brings Nym’s total funding to date to $47.5 million… Read More Here

Israeli Cyber Insurance Startup At-Bay Secures $185 Million At $1.35 Billion Company Value
At-Bay, a five-year-old Israeli startup which insures organizations against cyber threats, announced today it raised $185 million at a value of $1.35 billion… Read More Here

Israeli IT-Management Company Atera Hits $500 Million Valuation
Atera is an Israeli startup offering IT management services. The company now has a $500 million valuation. Well, being half a unicorn is better than nothing at all. The valuation comes after a raise of $77 million from a Series B round… Read More Here

Coralogix Israeli Data Streaming Startup Raises $55 Million
Israeli streamlining analytics startup Coralogix raised $55 million in a Series C funding round, led by New investor Greenfield Partners with participation from Red Dot Capital Partners, StageOne Ventures, Eyal Ofer’s – O.G. Tech, Janvest Capital Partners, Maor Investments, and 2B Angels. This round brings Coralogix total funding to $96 million to date… Read More Here

Israeli Startup Propel Has PR Solutions
Propel is an Israeli startup offering software for use by public relations professionals. Propel just brought in $1.1 million in new investments led by… Read More Here

IPOs and Unicorns
Kaltura Holds $1.34 Billion NASDAQ IPO
Kaltura, an Israeli startup which provides live and on-demand video SaaS solutions, has finally held its NASDAQ IPO on Wednesday, coming away with a valuation of $1.24 billion. The company raised $150 million from the IPO. Kaltura offered 15,000,000 shares of its common stock at a price to the public of $10 per share under the symbol “KLTR.”… Read More Here

Israel’s REE Automotive Completes $3.1 Billion SPAC Merger
REE Automotive, the Israeli company that develops new tech for electric vehicles, has completed an IPO SPAC merger with 10X Capital Venture Acquisition Corp. The merger was approved by 10X’s stockholders, and the combined company, which is now trading on the Nasdaq under the ticker symbol REE, has a market capitalization of $3.1 billion… Read More Here

Crypto Startup Fireblocks Hits $2.2 Billion Unicorn Valuation
Fireblocks is an Israeli fintech startup that specializes in cybersecurity. The company just hit unicorn status with its latest fundraise, coming in at a $2.2 billion valuation. Fireblocks raised $310 million in s Series D round led by Sequoia Capital, Stripes, Spark Capital… Read More Here

Mergers and Acquisitions
Israel’s Simbionix Sold For $305 Million
Simbionix, an Israeli surgical simulation company, has been sold to Surgical Science Sweden for $305 million. Simbionix’s current owners who just sold the company, U.S. 3D printer manufacturer 3D System, acquired the company in 2014 for $120 million… Read More Here

Other Business Stories
Israel’s Payoneer Fined $1.4 Million By U.S. Treasury Department
Israel’s Payoneer Inc., a global payment and commerce-enabling platform has been fined $1.4 million by the American government. The U.S. Department of the Treasury USDT Office of Foreign Assets Control levied the fine on Payoneer over what it said were 2,260 apparent violations of different sanctions programs… Read More Here

Israeli Startup GEOX To Map Millions Of Australian Homes
GEOX is an Israeli startup that uses 3D technology and geospatial imagery for insurance underwriting and claims. Geox has been contracted by the Australian government company Geoscape to provide aerial footage-based 3D mapping of 18 million buildings around the Australian continent… Read More Here

The Technion’s Atmospheric Water Generator Wins The Water Europe Innovation Award
Israel’s Technion, one of the top ten science and technology research universities in the world, continues to prove that Israel, or Startup Nation as it is known, is at the forefront of new research. An atmospheric water generator called H2OLL developed by the Technion just won the prestigious Water Europe Innovation Award for SMEs. Meanwhile, Technion researchers are also working at harnessing the power of artificial intelligence (AI) to tackle the world’s most-pressing challenges… Read More Here

IAI Signs $240 Million Missile Contract With Germany
Israel Aerospace Industries (IAI) has signed a 200 million Euro ($220 Million) deal with German sensor solutions provider Hensoldt. IAI will provide radar technology to the German military. The radar will be used to modernize the German military’s airspace surveillance and build up Ballistic Missile Defense (BMD) capabilities… Read More Here

Redefine Meat Releases ‘New-Meat’ Alternatives
Israeli startup Redefine Meat is one of a number of new Israeli firms advancing the field of alternate animal based food products, to give the world viable meat alternatives. It does so by way of 3D printing technology. Redefine Meat is now introducing a new line of 3D-printed items that can now be ordered at certain select Israeli restaurants and hotels across the country… Read More Here

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