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Jewish Business News

StartUps

Israel High Tech Scene Feb 6 – 12

startup nation

Tel Aviv at sunset, Israel

New Startups / VC Funding
Scopio Labs Raises $50 Million For Blood Testing
Scopio Labs, an Israeli startup that offers a digital blood test platform, raised $50 million in a Series C financing round from investors including OurCrowd, Aurum Ventures, Mizrahi-Tefahot Bank Invest and Ilex Medical. The investment comes about two years after Scopio raised $16 million in a Series B investment round. The company has now brought in a total of $84 million in investments to date… Read More Here

Legit Security Comes Out Of Stealth Mode With $30 Million Series A Round
Legit Security, a cyber security startup with an enterprise SaaS solution for securing an organization’s software supply chain, said today that it has emerged from stealth mode with a $30 million Series A fundraising round co-lead by Bessemer Venture Partners and TCV.

CyberStarts, Israel’s leading cybersecurity venture capital firm, provided seed money… Read More Here

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Lusix Lab-Grown Diamond Company From Benny Landa Raises $45 Million
Yes, Lab-grown diamonds are a thing. And Israeli company Lusix makes them. Lusix brought in $45 million in funding led by Israeli funds Ragnar and More Investment House. Israeli entrepreneur and inventor Benny Landa is behind the company… Read More Here

IPOs and Unicorns
Trax Israeli Analytics Startup Looks To $3.5 Billion NASDAQ IPO
Trax Image Recognition, an Israeli startup and a unicorn that offers retailers a platform for getting the most out of consumers, is going public. According to a report in Calcalist, Trax is planning on a NASDAQ initial public offering IPO that could leave the company with as much as a $3.5 billion valuation.

This would mean an increase of about 50% in value from Trax’s most recent valuation of $2.4 billion… Read More Here

Salt Security Raises $140 Million At $1.4 Billion Valuation
The API security company Salt Security, today announced a $140 million Series D investment round led by CapitalG, Alphabet’s autonomous growth fund, with participation from all previous investors.

Salt Security’s valuation has increased to $1.4 billion as a result of the current investment. All previous investors in Salt Security, including Sequoia Capital, Y Combinator, Tenaya Capital, S Capital VC, Advent International… Read More Here

Maris-Tech Ltd Completes NASDAQ IPO
Maris-Tech Ltd., an Israeli B2B provider of intelligent video transmission technology, closed its initial public offering IPO on the NASDAK. The Company issued 3,690,477 common units at a public offering price per common unit of $4.20 and 10,000 pre-funded units at a public offering price per pre-funded unit of $4.199 in the offering and 65,247 ordinary shares, 543,571 common warrants and 478,324 pre-funded warrants to purchase one ordinary share pursuant to the exercise of the over-allotment option… Read More Here

Mergers and Acquisitions  

Tricentis Acquires Test Automation Platform Testim For $200 Million
Austria-based software testing company Tricentis is acquiring its second Israeli startup, following its acquisition of TestProject in 2019 and converting it to a local R&D center.

The Israeli startup Testim is an AI-based testing platform for accelerating application delivery by reducing the time required to author tests and automatically enhancing, debugging, and managing test diagnostics… Read More Here

Innovid Acquires Scotland’s TVSquared For $160 Million
Innovid, an Israeli company offering an independent connected TV (CTV) advertising delivery and measurement platform, is acquiring TVSquared Ltd., a Scottish company with a global measurement and attribution platform for converged TV, in a cash and stock transaction valued at approximately $160 million.

The move comes just two months after… Read More Here

Israel’s Gauzy Buys French Vision Systems With $60 Million Raise
Gauzy, an Israeli startup that develops light control nanotech and smart glass, has raised $60 million in a Series D round of investment led by IBEX, along with Olive Tree VC, Blue Red Partners, Waarde Capital, and Avery Dennison. The new investment will mostly be used to acquire France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions.

Founded in 2009, by CEO Eyal Peso and CTO Adrian Loffer, Gauzy is a vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology. The company boasts… Read More Here

Other Business Stories
Unilever’s Israel Offices Raided In Connection With A Price Rigging Investigation
On Tuesday evening, Israel Competition Authority detectives stormed the offices of global food giant Unilever, three months after senior executives were questioned in connection with an ongoing price rigging investigation. Investigators took computers and other materials from the offices of Unilever.

The investigation into price manipulation in Israel’s retail food sector began in November 2021 with a raid… Read More Here

Raphael Toledano Banned In NY Over ‘Predatory’ Practices
Raphael Toledano, the founder and president of Brookhill Properties, the leading New York City real estate investment firm specializing in multi-family units and more, has been banned from practicing real estate for five years in New York State. NY Attorney General Letitia James made the move after finding Toledano guilty of acts of tenant harassment and fraud committed in 2019.

Raphael Toledano is a real estate investor and entrepreneur with nearly a decade of experience in the real estate market in the New York City… Read More Here

Israeli Breakthrough: Microneedles That Do Quick, Pain-Free Disease Diagnosis
A breakthrough by researchers at the Technion – Israel Institute of Technology that is expected to make a significant difference in the field of Advanced Materials and disease diagnosis is featured as the cover story in The journal Advanced Materials… Read More Here

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