New Startups / VC Funding
3D Printing Food Startup Redefine Meat Raises $180 Million
3D printing food startup Redefine Meat is one of a number of Israeli startups moving forward in providing the technology necessary to give the world viable meat alternatives. It does so by way of 3D printing technology. The company has completed a $135 million financing round, according to a report made by Globes. This brings its total funding to date to $180 million… Read More Here
Security Operations Startup Hunters Raises $68 Million In Series C
Hunters announced a $68 million Series C round led by Stripes, with participation from new investors DTCP, Cisco Investments, and Databricks, as well as existing investors YL Ventures, Bessemer Venture Partners, Microsoft’s venture fund M12, US Venture Partners, Blumberg Capital, and Snowflake Ventures. The additional capital increases Hunters’ total commitment at $118 million… Read More Here
Israeli InsurTech Startup Sayata Raises $52 Million
Israeli insurtech startup Sayata, which offers a solution for insurance brokers and carriers to grow their business insurance portfolios, has added $35 million to its Series A fundraise. When added to the $17 million that it brought in last summer this brings the company’s total raised to $52 million… Read More Here
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at email@example.com.
Israeli Startup Develops Body Cams With Facial Recognition
Dr. Dany Tirza, a former IDF officer, is promoting Israeli startup Corsight AI which has developed a new facial recognition software. The company hopes that its new AI powered tech will take the threat of invading people’s privacy out of the equation when it comes to advanced security techniques.
Fear of police turning into Big Brother is something that both Corsight AI and Dany Tirza are trying to allay. People the world over want to feel secure, to be protected from violent criminals and terrorists alike, but without forfeiting any of their rights in the process. But is this possible… Read More Here
IPOs and Unicorns
Firebolt Joins Unicorn Club With $1.4 Billion Valuation
The Israeli Unicorn club just got even bigger with the admission of Firebolt, an Israeli startup that calls itself the world’s fastest cloud data warehouse, purpose-built for delivering a new grade of analytic experiences over big data. The company hit the unicorn milestone with a $100 million Series C financing round that gave it a company valuation of $1.4 billion
Joining the unicorn club came just seven months after Firebolt brought in $127 million in a Series B funding round last June. Firebolt has now brought in a total of $269 million in investments… Read More Here
Mergers and Acquisitions
According to several sources, including Financial Times and Reuters, citing persons familiar with the deal, US investment firm Integrity Partners is in talks to acquire Israeli cybersecurity firm NSO Group.
The sources said, the spyware firm is likely worth between $1 billion and $1.5 billion. Integrity Partners will invest $300 million in NSO… Read More Here
Wynn Resorts Looking To Dump WynnBet
Wynn Resorts is looking to dump its online sports-betting business Called WynnBet. More specifically, the company is looking to unload Wynn Interactive, the division that runs WynnBett. Apparently, online sports gambling has not been so successful for everyone.
The New York Post has reported that Wynn Resorts is now asking for just $500 million for its Wynn Interactive unit after giving it as much as a $3 billion valuation less than a year ago… Read More Here
Other Business Stories
NSO Group Pegasus Used To Spy On Israeli Mayors
Israel’s NSO Group Pegasus spyware was used to spy on a number of Israeli mayors, reports Calcalist. The Israeli publication, which first revealed the use by Israeli police of the Pegasus software to hack into Israelis’ phones is now reporting on how it was used to monitor mayors.
Relatives and friends of Israeli mayors were also spied on using the NSO Group’s Pegasus software, says Calcalist… Read More Here
Facebook’s Diem Association Is Dead
Diem Association, the cryptocurrency from Facebook, is a failure. Bloomberg reported that Facebook is shopping the service around to other companies, but there is no reason for anyone to pay much for Diem.
Originally known as Libra, Diem Association was supposed to launch back in 2020. But it never got off the ground… Read More Here
Mark Cuban Cost Plus Drug Company Online Is A Go
The Mark Cuban Cost Plus Drug Company has launched its new online service for ordering prescription medications on the internet. The company is promising to offer consumers a fair price for their meds by cutting out the middlemen.
Founded in 2016 and based in Dallas… Read More Here
Global Call Center Company Webhelp Begins Operations In Israel
Webhelp, Europe’s largest call center management company and one of the world’s top four in its area, is establishing operations in Israel.
The Israeli office is expected to hire 500 employees within a year is led by Einat Benjamini, who established Golan Telecom’s operation. The company has already rented office space in Tel Aviv’s Alon Towers but is seeking a larger site for its planned… Read More Here