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Jewish Business News

StartUps

Israel High Tech Scene October 16 – 23

Tel Aviv at sunset, Israel

New Startups / VC Funding

10% Of New High Tech Startups In Israel Develop Climate Technologies
For the first time The Israel Innovation Authority, released today (Monday) a report on “Israel’s State of Climate Tech 2021,” in collaboration with the PLANETech community – a joint venture with Consensus Business Group led by Vincent Tchenguiz.

The report examines the state… Read More Here

Insurights Raises $22 Million For Insurtech
Insurights, an Israeli insurtech startup that has developed an artificial intelligence AI powered platform designed to allow employees to utilize their health benefits, has raised a total of $22 million in seed investment led by Group 11. Cresson Management, Good Company, and Insurtech Israel also participated in… Read More Here

Metrolink Raises $22 Million For Dataflow Solutions
Israeli startup Metrolink.ai, which is developing a data management platform, has completed a $22 million seed round of funding from Grove Ventures and Eclipse Ventures.

Founded in January… Read More Here

Deci Raises $21 Million For AI Development
Deci, an Israeli startup that helps other companies with the development of their artificial intelligence AI based systems, raised $21 million in Series A funding, led by Insight Partners.

Deci says that their company was built by… Read More Here

Navina Raises $15 Million For Medtech Platform
Navina, an Israeli medtech startup that offers a clinical platform for primary care, has secured $15 million in Series A funding led by Vertex Ventures Israel. Schusterman Family Investments (SFI) and existing investor Grove Ventures also joined the round. The Navina solution uses artificial intelligence AI to help doctors make the day to day decisions on their patients’ health… Read More Here

IPOs and Unicorns
Deel Hits $5.5 Billion Valuation
Its official! Deel, an Israeli startup and unicorn which deals with payroll solutions for firms with international staffs, is now worth $5.5 billion. Deel hit this valuation after raising $425 million in a Series D round of funding. The company has confirmed what Jewish Business News previously reported on based on unofficial reports coming from… Read More Here

Cato Networks Hits $2.5 Billion Valuation
Cato Networks, an Israeli startup and unicorn that provides the world’s first Secure Access Service Edge (SASE) platform, has now hit a $2.5 billion valuation. The new valuation comes after Cato Networks raised $200 million in a round of funding led by Lightspeed Venture Partners… Read More Here

Mergers and Acquisitions
Teddy Sagi’s Playtech Sold For $3.7 Billion
Playtech, the Israeli gaming company founded by Israeli billionaire Teddy Sagi, has sold for $3.7 billion to Australian gambling machine manufacturer Aristocrat Leisure. There is no word yet, however, as to how much, if any, of the stock sold was owned by Sagi personally… Read More Here

Other Business Stories
Israel’s Doral Energy Building Largest Solar Field In U.S.
Doral Energy of Israel, an alternative energy developer with major solar power projects and technologies, has broken ground on what will be the largest solar power field in America. Located in Indiana, the Mammoth Solar project will produce 1.3 gigawatts of clean, solar energy… Read More Here

Israel’s Trigo Powers Fully Autonomous Tesco Grocery Store In London
Trigo, an Israel-based computer vision company that offers retailers new technologies for in store customer service and checkout, has partnered with England’s Tesco PLC to open its first fully autonomous checkout-free grocery store in one of London’s busiest commercial centers… Read More Here

Bank Of Israel Calls For Reducing Climate Footprint Of Israeli Transportation
An analysis carried out by Lior Gallo and Yossi Margoninsky of the Bank of Israel Research Department, examines the climate footprint (greenhouse gas emissions), how it contributes to climate change, of the transportation industry in Israel, presents options for how to deal with it, and points to conclusions regarding the Israeli economy… Read More Here

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