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StartUps

Israel High Tech Scene October 31 – November 6

Tel Aviv

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding

Startup Nation Takes In Record $3 Billion Investments In October
Everybody knows that Israel is Startup Nation. And the money from foreign investments keeps on flowing into the country. Globes has estimated that a record $3 billion was raised in the month of October alone… Read More Here

AI21 Labs Started By Amnon Shashua Has $400 Million Valuation
AI21 Labs, an Israeli artificial intelligence AI lab and product company, has brought in $20 million in new funding from Walden Catalyst, an early-stage venture capital firm dedicated to deep-tech investments. The new funds give AI21 Labs, which was founded by Amnon Shashua, a $400 million valuation… Read More Here

Autobrains Raises $101 Million For AI Auto Tech
Autobrains, an Israeli transportation field startup, raised $101 million in Series C financing led by Temasek, a global investment company headquartered in Singapore. Autobrains uses artificial intelligence AI technology for assisted and autonomous driving. Israel Startup Nation continues to… Read More Here

Obligo Raises $35 Million For Rental Platform
Obligo, an Israeli fintech startup that specializes in the field of rental payments for residential units, raised $35 million today, Thursday, in a Series B round of funding led by investor 83North. A year ago Obligo raised $15.5 million in a Series A so now the company’s total funding to date is more than $50 million… Read More Here

Israel’s Spike Partner’s With Meta – Facebook
Spike, an Israeli startup that offers new e mail tech, has joined up with Facebook and its Occulus platform to become a part of the new Meta brand that Facebook is becoming. In doing so, Spike says that it is joining the metaverse… Read More Here

Illumigyn Raises $33 Million For Remote Gynecological Imaging
illumigyn, an Israeli medtech, or femtech, startup that offers first remote gynecological imaging platform, has raised $33 million to date, following the closure of its latest round of investment which included the Yozma Group Korea and Ubicom Holdings Japan… Read More Here

IPOs and Unicorns
After Raising $155 Million Israeli Fintech Unicorn HoneyBook Raises $250 Million
The Israeli Fintech startup, which has already booked over $1.9 billion in bookings for 2021 alone, has raised more than $400 million in the last six months. Six months after raising a $155 million Series D round, Israeli Fintech company HoneyBook, launched a… Read More Here

July Is The Luckiest Month If You Want To Be A Unicorn
If you are a startup looking to become a unicorn, try to complete your investment rounds in the month of July. Why? Well, according to data compiled by Money.co.uk, July is the month of the year that sees the most new unicorns get born… Read More Here

Israel’s Top 5 New Unicorns From October
Startup Nation keeps on setting records. It is also adding new unicorns on seemingly a daily basis. These companies are startups that are valued at at least $1 billion.

But being a unicorn these days is getting to be less and less of a special thing, at least in Israel. Maybe they will need to raise the definition of a unicorn from $1 billion plus to over $10 billion… Read More Here

Mergers and Acquisitions
Celsius Acquires GK8 For $115 Million
Celsius is buying out Israeli fintech company GK8 for $115 million, according to a report in Calcalist. GK8 is a cybersecurity company that offers an enterprise-grade custody solution for managing and safeguarding digital assets… Read More Here

Fiverr Buys Stoke Talent For $95 Million
Fiverr International just bought out Israel’s Stoke Talent for $95 Million. Israeli startup Stoke Talent is a freelance management system (FMS). The company declares that its solution makes it easy for companies to work with independent contractors, reduces the hassle of hiring, onboarding, tracking and managing invoices, while ensuring full legal… Read More Here

Other Business Stories
New ‘Sky Dew’ Air Balloon To Protect Israel From Missiles
Sky dew: It’s a bird, it’s a plane, it’s the Hindenburg returned, wait, no, it’s the Good Year Blimp! It’s not even Superman! Its Israel’s new way to defend itself from missile attacks.

The Israel Missile Defense Organization (IMDO) began today, Wednesday, to test its new Elevated Sensor system designed to detect incoming threats, such as missiles fired from Lebanon by the terrorist group Hezbollah. In Hebrew the system is called Tal Shamayim which… Read More Here

Jerusalem Getting Tallest Tower In City’s History
The Jerusalem Local Planning and Building Committee announced that it has approved the construction of what will become the tallest tower building ever built in Jerusalem. The Marom Tower will stand at forty stories high.

That may not sound like such a tall building considering the heights that skyscrapers reach in most of the world’s major cities. In 1931, the Empire State building opened as the world’s tallest building with 102 stories. Nowadays, that seems small when compared to the new towers… Read More Here

Teva Dodges Opioid Suit In California
The $50 billion civil suit was filed by four California counties against Teva and a number of other drug manufacturers over the opioid addiction crisis. The suit sought to place the blame squarely on the shoulders of the people who made the addictive pain killers.

Orange County Superior Court Judge Peter Wilson issued a tentative ruling finding Teva Pharmaceutical Industries Ltd not liable for opioid addictions. Other pharmaceutical companies… Read More Here

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