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Jewish Business News

StartUps

Israel High Tech Scene Dec 19 – 25

New Startups / VC Funding
Future Meat Hits $900 Million Valuation For Fake Meat
Future Meat, an Israeli cultured meat startup, has completed a new fund raise bringing in a total of $347 million. The new funding gives Future Meat a $900 million valuation, 50 percent more than the $600 million that was previously expected… Read More Here
Israeli Scientists Grow Real Steak In The Lab -Part Of Study On Muscle Tissue Regeneration
Prof. Eldad Tzahor at the Weizmann Institute of Science gazed into the microscope in his laboratory one day and saw a steak.

The miracle happened in the Department of Molecular Cell Biology as part of a study on muscle tissue regeneration. During an experiment in muscle stem cells led by postdoctoral researcher Dr. Tamar Eigler, the cells in the lab vessels fused into tiny fibers that thickened rapidly – and within a few hours… Read More Here

Cybersecurity Startup PlainID Raises $75 Million
PlainID, an Israeli startup that provides cybersecurity, authorization, and identity access management (IAM) solutions, raised $75 million in Series C funding in a round led by New York-based global venture capital and private equity firm Insight Partners, with participation from Itai Tsiddon, Viola Ventures and all other existing investors… Read More Here

Mergers and Acquisitions
Top 10 Israeli M&A’s Of 2021 Part One
Israel is known as Startup Nation. And every startup looks for its exit. The exit can come in two ways: an IPO or a sellout.

Here, JBN is dealing with the second kind of exit. This is our top ten list of the biggest M&A’s for Israel in the year 2021 … Read More Here

McDonald’s Sells Israeli Personalization Platform Dynamic Yield To Mastercard
McDonald’s sells Dynamic Yield to Mastercard. The Israeli company experiences rapid expansion as one of the world’s leading personalization platforms. McDonald’s announced in April that it is looking for a buyer for Dynamic Yield.

No financial details were disclosed, although it is likely to be larger than the $300 million paid by McDonald’s for the company in 2019… Read More Here

Is SentinelOne’s $2.5 Billion Acquisition Of Orca Security In Trouble?
SentinelOne, an Israeli cybersecurity firm, has been planning on taking over fellow Israeli cybersecurity company Orca Security for some time now, at a reported price of $2.5 billion. But now Calcalist is reporting that there may be some problems with the SentinelOne takeover bid that could end it entirely… Read More Here

IPOs and Unicorns
Top 10 Israeli Unicorns Of 2021 Part One
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. Either that or they will have to start calling them rabbits instead of unicorns… Read More Here

Israel’s Forter To Hold $5 Billion IPO
Forter, an Israeli security startup that deals in fraud prevention in e-commerce, is getting ready for its initial public offering (IPO). Globes has reported that sources in the company revealed that it expects to come away with a $5 billion valuation from the IPO… Read More Here

Israel’s Redis Labs Looking At $5 Billion IPO
Redis Labs, an Israeli startup and unicorn that develops database software, is planning on holding an initial public offering IPO. According to a report in Calcalist, the IPO could leave Redis with a valuation from anywhere between $4 and $5 billion.

The news comes after Redis Labs became a unicorn back in… Read More Here

Israeli Transportation Startup VIA Looks To Wall Street IPO
Via Transportation, an Israeli startup that offers new TransitTech, is planning on holding an initial public offering IPO on Wall Street. Via confidentially submitted its proposal to the US Securities and Exchange Commission (SEC), so no word yet on its plans or expected valuation. But most recently Via was valued at of $3.3 billion… Read More Here

Other Business Stories
Dubai’s Ruler Ordered To Pay £554 Million Divorce Settlement
Sheikh Mohammed bin Rashid al-Maktoum, the Ruler of Dubai, hacked the phones of his ex-wife Princess Haya, five of her associates, and two of her lawyers, to a campaign of “intimidation” using NSO Group’s Pegasus spyware… Read More Here

Top 10 Business Crime Stories Of 2021
2021 saw a number of really big cases come to court. Some were criminal charges ranging from rape to some sort of fraud brought against businessmen and companies. Others were civil suits. Here is the Jewish Business News list of the ten biggest crime or lawsuit stories of 2021… Read More Here

Two Trees Management Wins Approval For Brooklyn Billion Dollar River Ring Project

Two Trees Management, a Walentas family real estate firm, has won approval to move forward with its planned $1 billion Williamsburg, Brooklyn, waterfront complex. The complex, part of the River Ring project, will begin construction in 2024 now that the New York City Council has approved the project… Read More Here

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