New Startups / VC Funding
Ox Security Emerges From Stealth With $34 Million Raise
Ox Security, an Israeli cyber security startup that offers end-to-end software supply chain security platform for DevSecOps, exited stealth with $34 million in funding led by Evolution Equity Partners, Team8, and M12, Microsoft’s venture fund, with participation from Rain Capital.
Founded less than a year ago by Neatsun Ziv and Lior Arzi, two former Check Point executives, Ox Security says that its platform is already used by over 30 leading companies to secure their software supply chains, including… 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 of… Read More Here
Real Madrid StarsUse Israeli BlazePod Tech To Train
BlazePod is an Israeli athletic company that offers the Flash Reflex training system. Real Madrid stars Vinicius Junior, Rodrygo, Aurelien Tchouameni, and Federico Valverde recently competed on the company’s platform. They competed against each other in a series of mini-challenges to mark the reveal of the FIFA 2023 ratings.
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Among the various challenges the soccer stars… Read More Here
Mergers and Acquisitions
Guesty Buys Hospitality Software Companies Kigo And HiRUM
Guesty, an Israeli startup that offers a property management platform for the short-term rental and hospitality industry, has acquired two non-Israeli companies: Spanish vacation rental software company Kigo, and Australian property management software company HiRUM. The purchase prices were not revealed.
Well, Guesty has plenty of cash on hand for such purchases, whatever the price. The acquisitions come just one month after Guesty raised $170 Million in a Series E funding round. And only two weeks ago Guesty bought out… Read More Here
Other Business Stories
Record $20 Billion Raised By Tel Aviv Companies
According to the Tel Aviv Innovation Ecosystem, 2021 was a really great year for Tel Aviv businesses; even though, the world spent that year suffering through the worldwide Covid pandemic shutdowns. In 2021, a record-breaking $20 in capital was raised by Tel Aviv-based companies in 2021. In addition, Tel Aviv companies nearly doubled their global headcount, reaching 150,000 total employees.
Tel Aviv, Israel’s high-tech capital, said Tel Aviv Innovation Ecosystem, is one of the leading cities in the world for innovation… Read More Here
Central Banks Of Israel, Norway And Sweden Team Up With The BIS On Digital Currencies
The Bank for International Settlements (BIS) and the central banks of Israel, Norway, and Sweden are working together on a new digital currency project. To that end, they have launched Project Icebreaker, a joint exploration of how central bank digital currencies (CBDCs) can be used for international retail and remittance payments.
CBDCs should not be confused with cryptocurrencies, also known as blockchain. Those currencies have no inherent value and are issued by private businesses. CBDCs, however, are based on a nation’s real… Read More Here
The WHO Launches $200 Million Health Fund With OurCrowd
The World Health Organization (WHO)‘s Who Foundation launched a $200 million Global Health Equity Fund (GHEF) in collaboration with OurCrowd, an Israeli capital venture firm. The news was shared at the first major Clinton Global Initiative meeting convened since 2016, held in New York City alongside the meeting of the United Nations General Assembly (UNGA).
The GHEF is a financial-first impact venture capital investment fund, focusing on breakthrough technology solutions that can impact healthcare globally. It will fuel innovation and increase investment in the health sector… Read More Here
Asio Technologies Completes Delivery Of Thousands Of ORION Systems To The IDF
Asio TechnologieAsio Technologies, an Israeli developer and manufacturer of tactical solutions for defense, security, and paramilitary applications, recently completed the delivery of thousands of its ORION Systems to the IDF. Asio Technologies’ ORION systems are currently in operational use by the IDF, alongside the company’s other cutting-edge tactical solutions.
Defense is becoming more and more a high-tech matter. Armies around the world must have the most advanced military technologies Completes Delivery Of Thousands Of ORION Systems To The IDF…. Read More Here
Weizmann Institute Finds Human Tumors Prized Real Estate For Fungi
Cancer tumors contain multiple species of fungi that differ per tumor type, according to a large study led by researchers at the Weizmann Institute of Science and the University of California, San Diego. This is an important discovery because the findings demonstrate that fungi are living in tumors and may facilitate cancer detection, diagnosis and perhaps even treatments.
The new Weizmann Institute study, published in Cell, potentially has implications for the diagnosis and treatment of cancer…. Read More Here