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High-Tech

Israel High Tech Scene Week in Review August 15 – 21

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding
Reali Raises $100 Million for Real Estate Platform
Reali is a real estate and fintech company that offers services for home buying and selling. Reali has closed $250 million in new financing led by Zeev Ventures led the round with participation from Akkadian Ventures, Signia Ventures, and others… Read More Here

Israel’s Imubit Raises $50 Million for AI Process Optimization Platform
Imubit is an Israeli startup that has developed an artificial intelligence (AI) process optimization platform for refiners and chemical operators. Imbuit has raised $30 million in a Series B round led by Zeev Ventures and Insight Partners, with participation from Spider Capital and Upwest Labs. This brings the total investment in Imubit to $50 million to date… Read More Here

BrainQ Brain Tech Israeli Startup Raises $40 Million
Israeli medtech startup BrainQ offers new technology for stroke therapy technology. BrainQ just raised $40 million in a new funding round led by Hanaco Ventures, along with Dexcel Pharma, and Peregrine Ventures. The round brings the total funding raised by the company to over $50 million to date… Read More Here

Browzwear 3D Fashions Startup Brings In $35 Million
Browzwear is an Israeli and Singapore based startup that uses 3D tech to provide end-to-end digital product creation for the apparel industry. Browzwear raized $35 million in a funding round from growth equity firm Radian Capital… Read More Here

Talent Intelligence Platform Retrain.Ai Raises $13 Million
Retrain.ai is an Israeli startup that uses AI and Machine Learning to offer what it calls a Talent Intelligence Platform. Retrain.ai closed a $9M Series A round of investment led by international fund Square Peg. The new funding comes after the company held a $4 Million Seed Round in September 2020… Read More Here

Israeli Online Support Group Platform Circles Raises $8 Million
Circles is an Israeli startup which offers a one-of-a-kind emotional support platform. The company has raised $8 million in seed funding, led by NFX and Flint Capital with participation from Sir Ronald Cohen, Jeff Swartz, and others… Read More Here

IPOs and Unicorns
Israeli Auto-Tech Startup Otonomo Sets $1 Billion SPAC IPO Merger
Otonomo Technologies Ltd. is an Israeli startup that offers a one-stop shop for vehicle data. Software Acquisition Group Inc. is a publicly traded special purpose acquisition company, SPAC. The new combined company will hold its IPO today, Monday, and trade on the NASDAQ under the ticker symbols “OTMO” and “OTMOW,” respectively. The new company is expected to be worth $1.26 billion… Read More Here

Airobotics TASE IPO Fails
Israeli startup Airobotics which develops unmanned aerial vehicles (UAV) has failed in its plan to go public on the Tel Aviv Stock Exchange (TASE). According to a report in Calcalist, Airobotics failed to even reach the minimum $6 million raise required for the IPO… Read More Here

Mergers and Acquisitions
EdgeConneX Buying Israel’s Global Data Center for as Much As $400 Million
EdgeConneX offers global hyperlocal to hyperscale data center Solutions. The company is acquiring Global Data Center (GDC), an Israel-based data center operator headquartered in Herzliya. The deal is reportedly worth anywhere from $300 to $400 million… Read More Here

American Fintech Power Brex Buys Israeli Startup Weav for $50 Million
Weav is an Israeli startup that offers a universal API for commerce platforms to enable new fintech products. Brex is an American fintech behemoth. Brex just acquired Weav for $50 million… Read More Here

Other Business Stories
Israel’s Gilat Satellite Networks Seals New Multi- Million Dollar Deals
Israel’s Gilat Satellite Networks Ltd, a worldwide leader in satellite networking technology, solutions and services, reported strong earnings for the second quarter of 2021. Gilat has also been awarded a multi-million-dollar order by SES for its global mobility platform. And Gilat was also awarded a contract worth more than $5 million by a Tier-1… Read More Here

Intel Shutters Israel’s Replay Technologies
Replay Technologies was an Israeli company that developed its own multi-dimensional video tech for gaming. It counted people like Mark Cuban as an investor. Intel bought out Replay Technologies in 2016 for $175 million. But now Intel has announced plans to shut down the company’s operations, which had been absorbed… Read More Here

Addionics Collaborates To Build U.K. Supply Chain for Next-Generation Batteries
Israel and U.K. based startup Addionics is a chemistry-agnostic battery technology company. Addionics has partnered with the Centre of Process Innovation (CPI) and WMG, at the University of Warwick to achieve improvements in lithium-ion battery cell performance and manufacturing processes… Read More Here

Israel Experienced a 5.8 Billion Increase in Foreign Investment In 2020
A new study from MoneyTransfers.com found that Israel came in ninth overall in the world in the area of foreign direct investment FDI. This comes as no surprise to anyone who has been following Israel’s high tech sector in the past 30 years. There is a reason why Israel has been nicknamed Startup Nation… Read More Here

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