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StartUps

Israel High Tech Scene November 26 – December 2

startup nation

Tel Aviv at sunset, Israel

New Startups / VC Funding
BeeHero Raises $64 Million To Save The Bees
BeeHero, an Israeli aggrotech startup that develops technology to save bees, raised $42 million in a Series B funding round. The company has now raised $64 million to date.

If the bees were to become extinct, then the world’s plant life would die out. Sure, most people think that bees exist to provide us with honey. But honey is just a bi-product of the bee’s main function. Bees are an integral part of pollination… Read More Here

Bionaut Labs Raises $63 Million For New Robotic Medtech
Bionaut Labs, an Israeli medtech startup that uses microscale robots to “revolutionize” the treatment of central nervous system (CNS) diseases and disorders, raised $43.2M in a Series B round of financing led by Khosla Ventures. This brings the company’s total investments to date to $63.2 million.

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Funds will be used to advance clinical development of the company’s lead programs against malignant glioma brain tumors and Dandy-Walker Syndrome (a rare pediatric neurological disorder). Funds will also support further development of its proprietary Bionaut™ treatment platform, allowing… Read More Here

Lumen Raises $62 Million For New Medtech
Lumen, an Israeli medtech startup that offers a new device that people can use to check their own metabolism, raised $62 million in a Series B funding round led by Pitango Venture Capital. The company has now raised $77 million to date.

Does dieting work? Does exercise work or does it make you so hungry all the time that you end up eating a lot more than the calories that you burn? Does counting calories work, or is it about quality and not quantity? And can the same rule… Read More Here

CommonGround Raises $45 Million For Video Avatar Tech
CommonGround, an Israeli startup that provides a new 3D video platform, raised an additional $25 million bringing its total funding to nearly $45 million to date.

Founded in 2019 by serial entrepreneurs Amir Bassan-Eskenazi and Ran Oz, who between them have founded seven companies, with three successful IPOs, two M&As, and two Emmy awards for technology, CommonGround is a startup providing real time software solutions for what the company boasts is an unprecedented level of human interaction over digital. The Company is led by successful entrepreneurs with three IPOs, two M&As, two technical… Read More Here

Shield Raises $20 Million For Workplace Intelligence
Israeli startup Shield, which uses an artificial intelligence AI based platform for aiding compliance teams, raised $20 million in a series B round of funding led by Macquarie Capital and joined by UBS. The new round of funding comes following a $15 million Series A round of funding that Shield held earlier this year.

Investopedia explains that a compliance department typically has five areas of responsibility—identification, prevention, monitoring and detection, resolution, and advisory. A compliance department identifies risks that an organization faces and advises on how to avoid or address them. It implements controls…. Read More Here

Israeli Startup Gabriel Adds AI Detection To Stop Active Shooter Epidemic
Gabriel, an Israeli startup which is based in Israel and is deploying across the United States, developed next-generation security technology that instantly detects and automates a response to violent threats before chaos sets in, saving precious time and lives. Through AI-based sensing, automatic alerts and instant visibility, Gabriel provides workplaces, communities and first responders with the critical information and communication they need to take control.

This is especially important these days considering the rise of shooting attacks across the US, including in schools. There was just recently a gun attack in a Walmart and in May there was a massacre at Robb Elementary…. Read More Here

Mergers and Acquisitions
Yahoo Buys 25% Stake In Israel’s Taboola
Yahoo has acquired a 25% stake in Taboola, the publicly traded Israeli web content recommendation company. The two companies said that they have entered into a 30-year deal which Yahoo said will bring it $1 billion in revenue.

According to the new agreement, Taboola will exclusively power native advertising across all of Yahoo’s digital properties and will be available to buy through the Yahoo DSP. Taboola boasted that this will establish it as the leading native advertising offering for advertisers, publishers and merchants on the open… Read More Here

Other Business Stories
Top 10 Startup Nation Layoff Stories From November
The number of layoffs among Israeli Startup Nation high-tech firms keeps rising, and even unicorns – like Rapyd – and big publically traded companies – like Similarweb – are not immune from the global financial crisis sparked by the Russian invasion of Ukraine in March.

Here are the 10 biggest layoff stories from Israel Startup Nation for November 2022.

Rapyd, Israel’s Startup Nation one-time biggest unicorn which not too long ago hit a $15 billion valuation, may be the biggest example (or worst depending on how you look at it) of a Startup Nation firm announcing cutbacks in… Read More Here

Israeli Government Finds New Way To Promote Tourism
The Industrial Cooperation Authority (ICA) at the Israel Ministry of Economy and Industry has, following discussions with the Israel Hotels Association and the Israel Ministry of Tourism, decided on a pilot that would facilitate reciprocal procurement in the field of incoming business tourism, for international companies that have won government tenders.

According to its promoters, this means that international companies committed to reciprocal procurement in Israel will be able to purchase hotel accommodation services within the framework of business tourism: conferences, seminars… Read More Here

Israel’s National Drone Initiative Enters Second Phase
Israel is one of the leaders when it comes to developing new drone technology. Drones – also known as UAVs (unmanned aerial vehicles) – are the way of the future. Companies like Amazon are already using them for local deliveries and soon they could be used for anything from surveillance to travel.

Yes, that’s right, travel? Companies like Google and Tesla have been developing driverless cars for some time now. Well, soon enough the drone tech will advance to the stage where people will finally get their flying cars… Read More Here

Technion Researchers Develop An Invisible Facemask
Call it Covid or the Coronavirus, what is undeniable is that three years after the first reports of an outbreak in Asia, people the world over are still fearful of infection, even with multiple vaccinations available. Well, now researchers at the Technion – Israel Institute of Technology say they have developed a “revolutionary” invisible facemask to protect wearers against the transmission of COVID, MERS, influenza, and other respiratory viruses.

The Technion recently licensed the technology to Wisdome Wearables Ltd. This new startup is currently in the process of commercializing the product and seeking partners to realize this disruptive technology for the benefit… Read More Here

Haifa’s Ecosystem Is Leading Digital Health In The Post-COVID Era
Eight Israeli startups that graduated from the Startup City Haifa digital health accelerator have developed technologies that will improve healthcare. Some of them are already in negotiations for distribution contracts and global collaborations.

The eight startups were chosen to take part in the Startup City Haifa digital health accelerator are… Read More Here

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