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Jewish Business News

StartUps

Israel High Tech Scene September 17 – September 23

startup nation

Tel Aviv at sunset, Israel

New Startups / VC Funding
Deep Instinct Raises $340 Million For Cyber Security Artificial Brain
Deep Instinct, an Israeli cyber security startup that offers a new kind of self-learning artificial intelligence based cybersecurity solution, raised $62 million from BlackRock and from UK-based Jupiter Fund Management. Calcalist reported that Deep Instinct expects to bring in another $18 million in the next few weeks. The company will have then brought in $340 million in investments.

In addition, Guy Caspi will step down as company CEO and take over… Read More Here

Eyejets Develops Eyeglasses That Could Replace Smartphones
Eyejets is an Israeli startup that develops smart glasses. The company boasts that its new tech will change the way how people see and interact with computers and mobile devices, by combining a miniaturized projecting system with a unique eye tracking technology.

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Remember Google Glass? It was Google’s attempt from a decade ago to provide the same thing – glasses with embedded screens to use for web surfing… Read More Here 

AccessFintech Raises $97 Million
AccessFintech, an Israeli fintech startup that offers services in and workflow collaboration, completed its $60 million Series C funding round which was led by WestCap. The company’s latest funding round follows a $20 million Series B and brings the total capital raised to $97 million since 2018.

Fintech applies to just about anything that has to do with new technology based financial services. And fintech firms are still bringing in the big bucks in spite of… Read More Here

4M Analytics Raises $45 Million
4M Analytics, an Israeli startup that offers subsurface utility mapping services, raised an additional $30 million in funding, bringing the total raised for its Series A round to $45 million. The funding round was led by global software investor Insight Partners and ITI Venture Capital Partners,

Founded in 2019 by Itzik Malka, Yoav Cohen and Nir Cohen, 4M Analytics has developed an AI-powered engine that maps the subsurface, depicting the exact location of any man-made subsurface infrastructure. This makes it possible to…. Read More Here

MediWound Issues $30 Million In New Shares To Fund New Product Expansion
MediWound Ltd., an Israeli biopharmaceutical company focused on next-generation biotherapeutic solutions for tissue repair and regeneration, raised $30 million from the issuance of new shares. Mediwound is traded on the NASDAQ. The issue comes after the company’s shares fell by over 50% over the past year due to the ongoing financial crisis and global market drops.

The company entered into a definitive securities purchase agreement with several institutional and accredited investors for the sale and purchase… Read More Here

1MRobotics Raises $25 Million For Robotic Dark Stores 
1MRobotics R1MRobotics, an Israeli startup that develops robotic nano-fulfillment centers, creating the next-gen dark stores designed specifically to meet the urgent need for rapid delivery, has come out of stealth mode with $25 million raised in a Series A round of investment led by Ibex Investors. 1MRobotics also revealed new collaborations with leading Fortune 500 CPG brands and Q-commerce players.

1MRobotics, which is headquartered in Tel Aviv, Israel, was founded in 2021 by Eyal Yair, Co-Founder & CEO, and Roee Tuval, Co-Founder & COO. Yair previously co-founded and led four companies and sold 2 of them. Tuvalaises $25 Million For Robotic Dark Stores… Read More Here 

IPOs and Unicorns

Nayax Set For Wednesday IPO

Nayax, an Israeli fintech startup that offers a global commerce enablement and payments platform designed to help merchants scale their business, expects its shares to begin trading on the Nasdaq Stock Exchange in an IPO, effective this Wednesday, September 21, 2022. Nayax shares will then trade under the ticker NYAX on the Nasdaq Global Select Market as well as the Tel Aviv Stock Exchange (TASE).

Nayax has not, as of yet, released the details for its expected share price. However, its shares are currently trading at a little above $20 on the TASE… Read More Here

Mergers and Acquisitions
Google Buys Israel’s BreezoMeter For Estimated $250 Million
BreezoMeter, an Israeli startup that offers street-level air quality, pollen, pollutants and fire data to consumers through connected devices in more than 100 countries, has been acquired by Google. While the details of the acquisition have not yet been released, Calcalist estimated the deal to be worth as much as $25 million.

BreezoMeter’s last raise was in June of 2021 when it brought in $30 million in a Series C funding round. The company has raised a total of $45 million… Read More Here

Israel’s Turpaz Acquires America’s Klabin Fragrances For $23.4 Million
Turpaz Industries, an Israeli firm that develops, manufactures and markets fragrance extracts, flavor extracts, intermediates for the pharmaceutical industry and raw materials for the agro industry and fine chemicals and citrus products and aromatic chemicals, has signed an agreement to acquire control (81%) in Klabin Fragrances, an American custom fragrance, natural oil blends, and extracts company, for a total of $24.3 million.

The deal is subject to adjustments based on Klabin’s business performance during… Read More Here

CrowdStrike Set To Acquire Israeli Cyber Security Company Reposify
CrowdStrike Holdings, Inc., a provider of cloud-delivered protection of endpoints, cloud workloads, identity and data, has agreed to acquire Israeli firm Reposify Ltd., a provider of an external attack surface management (EASM) platform that scans the internet for exposed assets of an organization to detect and eliminate risk from vulnerable and unknown assets before attackers can exploit them. The terms of the deal were not disclosed.

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It was revealed in July that Crowdstrike planned on spending up to $2 billion acquiring Israeli firms… Read More Here

Other Business Stories
Israel GDP Up 6.8%
According to Israel’s Central Bureau of Statistics (CBS), in the second quarter of 2022 the country’s Gross Domestic Product (GDP) increased by an annual rate of 6.8%.

The sources available to the economy (gross domestic product and imports):
The GDP of Israel at constant prices and after deducting the effect of seasonality rose in the second quarter of 2022 by 6.8% compared to the previous quarter after a decrease of 2.7 % in the first quarter of 2022… Read More Here

Credit Suisse: Israeli Wealth Increased 17.6% In 2021
According to the Credit Suisse Research Institute‘s 2021 Global Wealth Report, the average wealth of an adult in Israel rose by 17.6% in 2021 to $273,500. The increase places Israel among the six largest wealth gaining nations in the world for 2021.

To put this in perspective, Credit Suisse found that in current dollars, wealth per adult was USD 215,146 in the United States in the year 2000 – more than 20 years ago. Today it is more than $500,000… Read More Here

Israeli Researchers Find Way To Inhibit Cancer By 80%
Researchers from Tel Aviv University deciphered, for the first time, a mechanism that enables skin cancer to metastasize to the brain and managed to delay the spread of the disease by 60% to 80% using existing treatments. The encouraging study was led by Prof. Ronit Satchi-Fainaro and Ph.D. student Sabina Pozzi of the Sackler Faculty of Medicine at Tel Aviv University. The results were published in the scientific journal JCI Insight.

Israel Startup Nation is known for its high tech breakthroughs. But Israel has also… Read More Here

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