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Jewish Business News

StartUps

Israel High Tech Scene March 20 – 26

startup nation

Tel Aviv at sunset, Israel

New Startups / VC Funding
Israeli Startup Bionic Raises $83 Million
Bionic, an Israeli startup that offers a platform to help organizations operate and protect applications, has raised $65 million in Series B funding, reported Calcalist. Bionic, which deals with Cloud Security Posture Management (CSPM), has now raised a total of $83 million in investment to date.

Founded in 2019 by CEO Idan Ninyo (a graduate of the IDF’s Unit 81 specializing in tech) and CTO Eyal Mamo (a graduate of the IDF’s vaunted… Read More Here

Datagen Raises $70 Million For Data As Code
Datagen, an Israeli startup that uses artificial intelligence (AI) for data-as-code, closed $50 million USD in Series B financing led by new investor Scale Venture Partners. This latest round of funding brings Datagen’s total financing to over $70 million.

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Code as data, or data as code, refers to the duality between code and data. This is what lets computers treat instructions in… Read More Here

Israel’s Strattic Offers Security For WordPress Users
Strattic is an Israeli startup that offers services for users of the popular open source web developing program WordPress. And the company is expanding, acquiring fellow startup WP2Static in February.

Strattic was founded in 2018 by CEO Miriam Schwab and COO Josh Lawrence. A mother with a large family who is originally from Toronto, Miriam came to Israel after finishing school… Read More Here

Aidoc Israeli AI Solution Medtech Used On CT Scans At US Hospital
Technology from Aidoc, an Israeli startup that develops artificial intelligence (AI) solutions for medical imaging, is now being used in American hospitals. WellSpan York Hospital in Pennsylvania is using an Aidoc solution that flags abnormalities but also prioritizes these urgent findings for radiologists to review.

The hospital explains that Aidoc’s always-on AI solution constantly studies all scans and suggests prioritization, notifying the findings within two to six minutes directly in the physician’s workflow. This extra set… Read More Here

ChargeAfter Raises $44 Million For New Fintech
ChargeAfter, an Israeli fintech startup that offers a Buy Now Pay Later (BNPL) consumer financing network, brought in $44 million in a Series B round of investment led by The Phoenix. ChargeAfter has now brought in $60 million in investment to date.

Investopedia explains that BNPL is a type of short-term financing that allows consumers to make purchases and pay for them at a future date, often interest-free. Also referred to as “point of sale installment loans,” BNPL arrangements are becoming an increasingly popular payment option.… Read More Here

IPOs and Unicorns
Israel’s Cybersecurity Startup Island Is Unicorn With $1.3 Billion Valuation
Island, an Israeli startup that created the Enterprise Browser, is now a unicorn – a company with more than a $1 billion valuation. The company raised $115 million in its Series B financing round was led by New York-based global venture capital and private equity firm Insight Partners, which gives it a $1.3 billion valuation. Island has now raised as much as $215 million in investments to date.

The news comes just two months after Island Cybersecurity first came out of stealth, revealing that it had already raised $100… Read More Here

Capitolis Latest Israeli Unicorn At $1.6 Billion Valuation
Capitolis, an Israeli fintech startup, has just hit the coveted unicorn club with a $1.6 billion valuation. It did so with a $110 million Series D round of investment co-led by top fintech investors Canapi Ventures, 9Yards Capital, and SVB Capital. A unicorn is a startup valued at $1 billion or more.

The new investment comes just a little over a year after Capitolis brought in $90 million in a Series C round of funding … Read More Here

RapidAPI Is New Israeli Unicorn – Hit $1 Billion Valuation
RapidAPI, an Israeli startup that boasts that it offers a service where over half a million developers find and connect to thousands of public APIs, is now a unicorn. The company hit the coveted mark when it raised $150M in Series D funding led by new investor SoftBank Vision Fund 2, which gave it a $1 billion valuation.

This round came less than a year after the company raised $60 million in a Series C funding round. RapidAPI has now raised more than $270 million to date… Read More Here

Israel’s HUB Security Hits $1.28 Billion Valuation With SPAC Merger
HUB Cyber Security, an Israeli startup, is going public. The company revealed that it will hold an initial public offering (IPO) for which it has already merged with blank-check firm Mount Rainier Acquisition Corp., a Nasdaq traded SPAC in a deal valued at nearly $1.3 billion, becoming the latest company in the space to tap into U.S. capital markets.

An SPAC is a publicly-traded pool of cash with no business activity other than looking for a private firm to merge with and subsequently take public.… Read More Here 

Mergers and Acquisitions 

Israel’s HUB Security Hits $1.28 Billion Valuation With SPAC Merger
HUB Cyber Security, an Israeli startup, is going public. The company revealed that it will hold an initial public offering (IPO) for which it has already merged with blank-check firm Mount Rainier Acquisition Corp., a Nasdaq traded SPAC in a deal valued at nearly $1.3 billion, becoming the latest company in the space to tap into U.S. capital markets.

An SPAC is a publicly-traded pool of cash with no business activity other than looking for a private firm to merge with and subsequently take public.… Read More Here

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Other Business Stories
Jared Kushner To Search For Tech Investments In Israel For His Affinity Partners
Jared Kushner is Coming to Israel. The former first son-in-law and senior White House staffer is on his way to Israel. Calcalist has revealed that Kushner will arrive in the country this week in order to promote his new investment firm Affinity Partners.

Jared Kushner’s new firm Affinity Partners has brought in more than $3 billion in new cash for investments… Read More Here

Israel’s N-Drip Signs $20 Million Annual Deal With PepsiCo For Irrigation Tech
N-Drip, an Israeli startup that offers an alternative irrigation method to flood or trench irrigation which allows for significant savings in water, has entered into a deal with food and beverage titan PepsiCo to help farmers around the world achieve greater water efficiency across 10,000 hectares (25,000 acres) by 2025. And according to Globes, the partnership could be worth at least $20 million, reaching as much as $50, per year.

This is certainly a big deal for a startup that only just brought in $20 in new funding last November. N-Drip has…Read More Here

Would Be Israeli Astronaut Eytan Stibbe Sued By Avi Buzaglo-Yoresh
Eytan Stibbe, an Israeli businessman, made headlines recently for having paid $55 million for the chance to go into space as a passenger on a flight being planned by Axiom Space. But now Calcalist is reporting that Stibbe is at the center of a financial controversy and that he is being sued by former business partner Avi Buzaglo-Yoresh.

Avi Buzaglo-Yoresh is the founder of Geomine, which developed a technology that can detect minefields through aerial images…Read More Here

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