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Jewish Business News


Israel High Tech Scene June 11 – June 17

Tel Aviv

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding
Aidoc Raises $110 Million To Improve Healthcare
Aidoc, an Israeli medtech startup that develops healthcare solutions using artificial intelligence AI, raised $110 million in a Series D round investment led by investors TCV and Alpha Intelligence Capital (AIC). Aidoc has now raised a total of $250 million in funding to date.

Founded in 2016 by its CEO Elad Walach, CTO Michael Braginsky, and VP of R&D and CISO Guy Reiner, Aidoc is a provider of artificial intelligence healthcare … Read More Here

Benny Landa Backed Lusix Raises $90 Million For Artificial Diamonds
Lusix, a producer of lab-grown diamonds (LGD) backed by Israeli entrepreneur and inventor Benny Landa, raised $90 million in funding from investors like LVMH Luxury Ventures and Ragnar Crossover. This raise completed a round that began earlier this year when Lusix brought in $45 million.

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Lab-grown diamonds, also known as synthetic diamonds, are diamonds produced by a manufacturing process, as contrasted with natural diamonds created by geological processes and extracted by mining .… Read More Here

DealHub.Io Raises $60 Million, an Israeli startup that offers a platform for CPQ (configure, price and quote) for businesses, just raised $60 Million in a funding round led by Alpha Wave Ventures. This round comes one year after the company raised $20 million in a Series B round of funding. DealHub has now raised a total of $90 million.

According to Marc Benioff’s Salesforce, CPQ is a sales tool for companies to quickly and accurately generate quotes for orders. CPQ applications often work in tandem with CRM platforms, ERP programs, and other business technology, which helps ensure integrated data as well as accuracy …Read More Here

Cybersecurity Startup Jit Comes Out Of Stealth With A $38.5 Million Raise
Jit, an Israeli cyber security startup, just came out of stealth mode with a $38.5 million seed financing round led by Boldstart Ventures. The company specializes in security-as-code.

Security as Code is defined as the way in which people can codify security and policy decisions and integrate their work with other teams … Read More Here

Tabnine Raises $15.5 Million For AI Assistant For Developers
Tabnine, an Israeli startup that created the industry’s first AI-powered assistant for developers, raised an additional $15.5 million in funding from Qualcomm Ventures, OurCrowd, and Samsung NEXT Ventures.

Tabnine’s Next-Generation AI Technology Is Code-Native, Language Specific, and Modular …. Read More Here

IPOs and Unicorns
Holisto Travel Startup Signs SPAC IPO Deal For $405 Million Valuation
Israeli startup Holisto Ltd, a technology based online travel booking platform, is going public through an SPAC merger. The company merged with the pre-existing SPAC firm Moringa Acquisition Corp and expects to come away with a $405 million valuation from its Initial Public Offering (IPO). Holisto will go public on the NASDAQ.

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. More and more companies are choosing this route towards their IPOS ... Read More Here

Mergers and Acquisitions 

American Defense Company L3Harris Considering Acquiring NSO Group Spy Tech

American DefeU.S. aerospace and defense company L3Harris Technologies, a company that is rated the sixth largest supplier of such services to the American Defense Department, is reportedly in talks to acquire the spy tech of beleaguered Israeli cyber security firm NSO Group.

A number of sources were cited by England’s the Guardian, as well as the Washington Post, as confirming that L3Harris is interested in  … Read More Here

Qualcomm Finalizes Cellwize Acquisition For $350 Million

Cellwize Wireless Technologies, an Israeli provider of mobile network automation tech, has been acquired by Qualcomm, the American chip manufacturer, for $350 million through its investment arm, Qualcomm Ventures.

Qualcomm is already an investor in Cellwize, having taken part in that company’s $32 million Series B round of funding which was held in November 2020. “While large companies have traditionally been more dominant in the RAN market …Read More Here 

Israel’s TinyTap Acquired By Hong Kong’s Animoca Brands For $39 Million
Israel’s TinyTap AcquTinyTap, an Israeli edtech startup, has been acquired by the Hong Kong based gaming startup Animoca Brands. Animoca is a unicorn – a startup with over a $1 billion valuation – and so it clearly has the resources for such an acquisition.

The deal is for an 80.45% share of the issued capital of TinyTap Limited for a consideration of $38.875 million in cash and shares. Animoca Brands now holds an 84.13% stake in TinyTap.ired By Hong Kong’s Animoca Brands For $39 Million …. Read More Here

Other Business Stories
Germany, Sweden, And Norway Purchase Israeli Gas Masks In Fear Russia Will Use Chemical Weapons

Israeli gas mask becomes a popular item at Eurosaturi, the largest land army exhibition in the world, which takes place this week in Paris, according to N12.

Background: There are growing concerns as the conflict in Ukraine continues, that Russia may employ biological or chemical weapons in Ukraine. The main concept is that the probability of Russia’s using chemical weapons increases in proportion to the unsatisfactory performance of the Russian military and the dissatisfaction of Russian President Vladimir Putin over the lack of a decisive victory in the conflict … Read More Here

Israel ELbit Systems Unveils The DAiR X- World’s Most Advanced Defense Radar
Elbit Systems, the Israeli defense contractor, has unveiled a new radar multi tactical radar defense system called DAiR X. The system is expected to be of most use on Israel’s northern border with Lebanon. But will likely be of benefit to any nation’s defense.

Today, Israel is under constant threat in the northern part of the country from attacks made by the Hezbollah terrorist group based in Lebanon. The country’s world renowned Iron Dome Missile defense system has … Read More Here

Israel Pushing U.S. To Drop Blacklisting Of NSO Group
Israel is reportedly trying to get the country’s NSO Group – a developer of cyber security tools – removed from a US Commerce Department’s blacklist.

NSO Group was blacklisted by the U.S. government in November over accusations that allowed its software to be used in the hacking of American diplomats. And in December it was reported that NSO Group Pegasus spyware was used to track American embassy employees in East Africa. Specifically, 11 U.S. Embassy employees working in Uganda had their iPhones hacked by the program … Read More Here



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