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Jewish Business News

StartUps

Israel High Tech Scene October 24 – 30

Tel Aviv

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding
DustPhotonics Raises $33 Million For Silicon Photonics Tech
DustPhotonics, an Israeli startup developing silicon photonics technology and solutions, raised a total of $33 million in new funding led by Greenfield Partners, who join DustPhotonics’ Round B investors Intel Capital, veteran entrepreneur Avigdor Willenz… Read More Here

Calcalist Reports: Released Murderer Seeking A $250 Million Valuation On TASE
According to Calcalist, in 1998 Harel Hershtik, a 20-years old from Kibbutz Degania Bet, murdered Yaakov Sela, his mother’s lover whom he stole several thousand NIS from. Hershtik was caught… Read More Here

Israel’s Fintech Startup Launches Stampli Card
Stampli is an Israeli startup that utilizes artificial intelligence for fintech. Their platform helps CFOs and controllers close the disconnect between accounts payables and the broader organization. Stampli is now offering the new Stampli Card, which it says will allow AP teams to issue, control, and process corporate cards inside its platform… Read More Here

IPOs and Unicorns
Israel’s Celsius Networks Is A $3 Billion Cryptocurrency Firm
Celsius Networks is an Israeli startup – and a unicorn — that deals with cryptocurrencies like Bitcoin. This month, Celsius Network completed a $400 million investment led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The raise gave Celsius a valuation of more than $3 billion… Read More Here

Israeli Retail Logistics Startup Fabric Raised $200 Million To Become A Unicorn
Fabric, an Israeli retail logistics platform, has raised a $200 million Series C fundraising round, valuing the company at more than $1 billion. The round, which was led by Temasek. This round brought the total amount raised by the company to $336 million… Read More Here

Israel’s Augury Becomes World’s First Unicorn In The Industry 4.0 Sector
Augury, an Israeli startup that works in the field of internet of things IOT and AI-driven Machine health solutions, has hit unicorn status after raising $180 million in new funding. This brings Augury’s post-funding valuation to over $1 billion. Augury has now raised a total of $286 million… Read More Here

Mergers and Acquisitions
Japanese Chipmaker Giant Renesas Buys Israel’s Celeno For $315 Million In Cash
Japanese chip giant Renesas Electronics Corp. has bought Israel’s Celeno Communications, a major producer of Wi-Fi solutions, for $315 million (approximately 35.9 billion yen / 114 yen to the dollar) in an all-cash transaction including milestone payments… Read More Here

Italy’s Ariston Group Acquires Israel’s Chromagen For $35 Million
Chromagen, an Israeli solar hot water solutions company owned by Kibbutz Shaar Ha’Emakim, has been acquired by the Italian firm Ariston Group, which deals with hot water and heating, for 115 million NIS ($35 million). This is less than the $47 million valuation that Chromagen set for itself the last time it looked… Read More Here

Saba Capital’s Boaz Weinstein Dumps SPAC Stakes Due To Merger With Trump’s New Media
At least two investors withheld their money after learning that former President Donald Trump’s new media venture, Trump Media & Technology Group (TMTG), will go public via a SPAC, according to sources… Read More Here

Other Business Stories
Vertical Field Bringing Israeli Agtech To Russia
Israeli agtech startup Vertical Field is bringing its tech for growing food to Russia and Ukraine. As the company’s name implies, Vertical Field can grow food up to down, like on the side of a building or alongside a cliff. Think of the Hanging Gardens of Babylon, only someday it will be the Hanging Gardens of the Empire State Building… Read More Here

SodaStream Lays Off 300 In Covid Cutbacks
SodaStream, the Israeli home carbonated drink machine maker that became a household name around the world, has been forced to lay off 300 of its workers in Israel. Globes reports that most of the layoffs will be of production workers based at SodaStream’s plant located in Rahat, in the Negev… Read More Here

Israel’s Optibus Teams With GreenRoad For Safer Public Transportation
Optibus, an Israeli firm that offers a software platform for public transportation planning, scheduling, and rostering, is partnering with GreenRoad Technologies, a safety telematics company, to increase passenger safety and comfort. Optibus and GreenRoad say that they will do so by bringing historical road safety data into the earliest phases of… Read More Here

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