A unicorn is a startup that has reached a valuation of billion dollars or more. Israel has so many now that Startup Nation can be called unicorn nation.
Here are 5 new israeli unicorns from December.
Fireblocks Raises $400 Million Now Has $8 Billion Valuation
Fireblocks, an Israeli fintech startup that specializes in cybersecurity, is now worth $8 billion. Talk about a unicorn! The valuation came after Fireblocks brought in $400 million in a Series E round of funding in December.
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Fireblocks states that its tech streamlines operations by bringing a user’s exchanges, OTCs, counterparties, hot wallets, and custodians into one platform. Wallets, deposit addresses, and API credentials are secured using patent-pending chip isolation technology and the newest breakthrough in cryptography (MPC). Institutions are using Fireblocks to move funds securely in seconds – instead of hours.
Noname Security Achieves Unicorn Status
Noname Security, an Israeli API security startup, raised $135 million in Series C funding in December that gave it a valuation of $1 billion and unicorn status.
Noname Security has raised a total of $220 million in funding in less than a year since emerging from stealth, making it one of the fastest-growing cybersecurity businesses and the first API security company to achieve unicorn status. Noname has secured $60 million in its Series B round.
Salt Security Hits Unicorn Status
Israeli cybersecurity startup Salt Security raised $120-150 million. The fund raise was led by Google parent company Alphabet and gave Salt Security a $1.5 billion valuation, making it Israel’s latest unicorn.
Founded in 2016, Salt Security delivers an API Threat Protection solution focused on securing the ubiquitous APIs connecting everything from web and mobile applications to microservices and IoT devices. These are the APIs that you develop and own and are at the core of connecting your applications and data.
Tipalti Raises $270 Million At $8.3 Billion Valuation
Tipalti, an Israeli fintech unicorn, raised $270 million in Series F fundraising in December leaving it with an $8.3 billion valuation, increasing its total capital to a little over $550 million.
Tipalti’s valuation quadrupled since its $150 million Series E held in 2020. Tipalti is now the second most valued fintech company in Israel, after Rapyd, and one of the world’s top 15 most valuable fintech companies.
Former Mossad Head Yossi Cohen Led Investment In Cybersecurity Unicorn Claroty
Israeli cybersecurity unicorn Claroty raised $400 million in a Series E round led by SoftBank’s Vision Fund 2. The new funds will be used to buy Israeli startup Medigate that specializes in medical infrastructure security. Yossi Cohen, the head of SoftBank’s financial advisors and a former Mossad chief, will join the Claroty board.