New Startups / VC Funding
Israel’s Pontera/FeeX Raises $80 Million
Pontera, an Israeli fintech startup, just changed its name from FeeX and raised $80 million across three recent funding rounds led by Lightspeed Venture Partners, along with The Founders Kitchen, Hanaco Ventures, Hyperwise Ventures and , Blumberg Capital.
Founded in 2012 by David Weisz and… Read More Here
Israeli Startup CreamCol Develops All Natural Cream Alcohol
Israeli foodtech startup CreamCol has developed amazingly innovative new cream alcohol that comes in up to 40% alcohol by volume, and is backed by two patents.
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Ordinarily, you integrate alcohol in most food items in large amounts and is therefore only used in concentrations of less than 2%. You might be thinking of candies like rum chocolates and so forth. But in those instances, the alcohol… Read More Here
Aporia Raises $25 Million For Ethical AI
Aporia, an Israeli startup that offers an artificial intelligence AI observability platform that lets developers monitor their AI tech and keep it safe, raised $25 in a million Series A round of funding led by Tiger Global. Just last April Aporia raised $5 million in a seed round from Vertex Ventures and TLV Partners… Read More Here
Israeli Startup Anecdotes Raises $25 Million To Support And Accelerate Compliance OS
anecdotes, an Israeli startup that offers an operating system (OS) for Compliance, raised $25 million in Series A funding led by Red Dot Capital Partners, with participation from Vintage Investment Partners, Shasta Ventures, Glilot Capital Partners, and Aleph.
Founded in by CEO Yair Kuznitsov, CPO Roi Amior and R&D VP Eitan Adler, anecdotes boasts that it is the first company to ever offer an OS for” every stage of a business’s Compliance journey.” The system was built to reshape the way the cloud-powered world thinks about… Read More Here
IPOs and Unicorns
CHEQ Cyber Security Enters Unicorn Club, Hits $1 Billion Valuation
CHEQ, an Israeli cyber security startup, is just the latest new firm to come out of Startup Nation that has joined the elite Unicorn Club. The company hit the $1 billion valuation mark when it raised $150 million in a Series C round led by Tiger Global.
This makes CHEQ the third Israeli startup to join the unicorn club so far in February alone… Read More Here
Israel’s Beamr Imaging Headed To NASDAQ IPO
Beamr Imaging, an Israeli startup that offers video and broadcasting solutions, is ready for its initial public offering IPO. The company, which has even won an Emmy for its services, has filed the paperwork with the SEC to go public on the NASDAQ. Renaissance Capital, a financial services firm working on the IPO, said that the company expects to raise $35 million from the offering. However, no other terms of the IPO –number of shares to be offered, pricing, etc. – have as yet been revealed… Read More Here
Other Business Stories
Delek Drilling Leviathan Gas 2021 Sales Hit $1.95 Billion
Delek Drilling, operator of Israel’s Leviathan natural gas field in the Mediterranean Sea, brought in $1.95 billion in total sales from the field in 2021. This according to a report from Netherland Sewell and Associates, Inc. (NSAI). Delek Drilling’s share of this was $883 million
10.7 Bank Cubic Meters (BCM a term used for… Read More Here
Deci Delivers Breakthrough Deep Learning Performance On CPU
Deci is an Israeli deep learning company that utilizes Artificial Intelligence (AI) to build AI. Now the company has announced a new set of image classification models, dubbed DeciNets, for Intel Cascade Lake CPUs. Cascade Lake is an Intel codename for a 14 nanometer server, workstation and enthusiast processor microarchitecture, launched in April 2019… Read More Here
Ruth Porat Unveils New Google $25 Million Israel Skilling Initiative
Google CFO Ruth Porat announced that the company is investing $25 million over the next five years in Israel for a skilling initiative. Porat announced the plan while visiting the country.
The money will go into Israel’s tech sector for the country’s sectors that are, as of today, underrepresented in its successful high tech sector known as Startup Nation. Ruth Porat explained that the funding will go to help- women… Read More Here