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Jewish Business News

StartUps

Israel High Tech Scene January 16 – 22

New Startups / VC Funding   

Fintech Startup Personetics Raises $160 Million In 10 Months
Israeli fintech startup Personetics, a global provider of data-driven personalization and customer engagement solutions for banks and financial services providers, raised $85 million of growth funding invested from Thoma Bravo, a leading software investment firm, in December. This means that $160 million of growth funding has been secured by the fintech startup secured by Personetics in the past 10 months… Read More Here

Personalized Cancer Therapy Company ImmPact Bio Raises $111 Million
ImmPACT Bio, the next generation of cancer cell therapies, announced the completion of a $111 million fundraising round.

The round was led by venBio Partners and co-led by Foresite Capital and Decheng Capital, as well as previous investors Novartis Venture Fund, RM Global Partners (RMGP), and Bukwang Pharmaceutical… Read More Here

Israeli Startup Island Raises $100 Million While In Stealth Mode
Island, which was founded by serial entrepreneur Dan Amiga together with Michael Fey, the former CTO of Symantec and McAfee, is developing a secure browser for organizations

Israeli cybersecurity startup Island has been operating in stealth mode for over a year, raising some $100 million in two funding rounds under the radar, according to Calcalist… Read More Here

IPOs and Unicorns
Why Are Israeli Insurtech Firms Losing Their Value So Sharply?
Why are Israeli insurtech firms losing their value so sharply? People are wondering if it is because insurtech is in trouble in general. After all, why invest in an insurtech firm at a time when there is so much insecurity in the world because of the Coronavirus pandemic.

Insurtech firms may not be a safe bet if insurance companies… Read More Here

2021: Israeli Cybersecurity Industry Expanding Raising Record $8.8 Billion
In 2021, the Israeli cyber security business continued its upward trend, breaking records in every field.

According to data acquired and analyzed by the Israel National Cyber Directorate (INCD), the number of funds raised by Israel’s cyber security business more than tripled between 2010 and 2020, reaching a record high of around $8.8 billion… Read More Here

Mergers and Acquisitions
OpenWeb Buys Hive Media Group For $60 Million
OpenWeb, an Israeli startup that develops an audience relationship platform, has acquired Hive Media Group, a U.S. digital publisher and engagement platform, for $60 million.

OpenWeb certainly has the cash on hand for such an acquisition. The company raised 150 million in Series E financing round led by Insight Partners and Georgian Partners last November… Read More Here

Israel’s CallHero Bought By Truecaller For $6.5 Million
Israeli company CallHero which offers people a smart digital assistant for screening their calls has been acquired by the Swedish company Truecaller for $6.5 million in cash and stock.

CallHero has developed the first AI-Powered Digital Assistant App. CallHero offers what the company calls a unique technical solution for both Android and iPhone… Read More Here

Microsoft To Acquire Activision Blizzard For $70 Billion
Microsoft is close to acquiring Activision Blizzard, the video game developer behind the “Call of Duty” franchise, for $68.7 Billion including net cash, in what would be the company’s largest acquisition ever, according to Bloomberg News.

The transaction might be revealed as soon as Tuesday, according to… Read More Here

Other Business Stories
NSO Group Has Investments From British Gas Company Pension Fund
Israeli Cybersecurity firm NSO Group has been under a great deal of scrutiny and condemnation around the world because of how its Pegasus spyware software has been used by autocratic regimes to spy on political dissidents. Now comes word that the British Gas energy company has invested some of its employees’ pension fund in NSO Group.

In fact, British newspaper the Financial Times has reported that both the British Gas retirement investment fund of Centrica, which is… Read More Here

Why Are Israeli Insurtech Firms Losing Their Value So Sharply?
Why are Israeli insurtech firms losing their value so sharply? People are wondering if it is because insurtech is in trouble in general. After all, why invest in an insurtech firm at a time when there is so much insecurity in the world because of the Coronavirus pandemic.

Insurtech firms may not be a safe bet if insurance companies start to have trouble paying off on all sorts of health… Read More Here

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The World’s Most Powerful Militaries, And Where Israel Army Ranks, Report
Global Firepower (GFP) released its annual ranking and data concerning 140 modern military powers.

The GFP ranking is based on each nation’s possibility of conventional warfare capacity on land, sea, and air. The results provide an interesting window into an increasingly volatile global landscape where war appears all but inevitable… Read More Here

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