Tel Aviv at sunset, Israel Startup Israel
New Startups / VC Funding
ImagenAI Raises $30 Million For Photo Editing Solutions
ImagenAI (known as Imagen), an Israeli startup that provides AI-powered editing solutions for professional photographers, raised $30 million in an investment led by global growth investor Summit Partners with participation from existing investor NFX.
Founded in 2020 by CEO Yotam Gil, Yoav Chai and Ron Oren, Imagen says that its mission is to change the photography industry with AI-powered solutions that “modernize the post-production workflow, enabling professional photographers to plan better, work less, earn more, and focus on… Read More Here
Biomica Raises $20 Million For Microbiome-Based Therapeutics
Biomica, an Israeli clinical-stage biopharmaceutical medtech startup developing innovative microbiome-based therapeutics, raised $20 million in a financing round led by Shanghai Healthcare Capital (SHC).
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Medtech is one of the big fields in Israel Startup Nation. It is something that everyone recognizes as a good investment which explains such raises at a time when the rest of the startup world is hurting due to the worldwide financial crisis. So far in December alone Nectin Therapeutics Ltd., an Israeli medtech startup that is developing novel targeted immunotherapies for the treatment of cancer, extended its Series A financing to over… Read More Here
Lynxight Offers New Tech For Swimming Pool Safety
Lynxight, an Israeli startup that develops AI aquatic safety and analytics services for commercial swimming pools, raised $6 million in a Series A round of investment. The company also joined Champel Capital’s investment portfolio.
Lynxight, founded in 2017, assists sports and leisure facilities in managing and mitigating safety liability by empowering lifeguards to prevent drowning and assisting pool operators and… Read More Here
MyTower Offers New Property Management Tech
MyTower, an Israeli startup that offers a property intelligence management platform to connect and enhance property and service management, raised $4 million in a round led by The New Elad Residence and JTLV Capital.
Founded in 2014 by CEO Pini Shemesh, Meiri Shemesh and COO Yuval Shahak, MYTOWER develops SaaS and IoT solutions which the company says provide value to all stakeholders in the real-estate world, from FM companies to real-estate developers and of course… Read More Here
AI Pharma Startup Quris And Israeli Nanotechnology Startup Nanosono Make Small Raises
Quris, an Israeli startup that uses artificial intelligence (AI) for a pharmaceutical development platform secured an additional $9 million in seed funding – bringing its total seed round funding to $37 million. In January, Quris completed a $28 million round in seed funding led by Welltech Ventures. And fellow Israeli startup Nanosono, which has developed an antimicrobial platform, raised $2 million from the Gadot Group – no connection to Gal – and has brought in a total of $21 million to date.
Founded by CEO Isaac Bentwich and CTO Yossi Haran, Quris is an artificial intelligence innovator in drug development. Its machine-learning…. Read More Here
Other Business Stories
Israel’s International Investment Position (IIP) Q3 2022
The Bank of Israel released data on the debt and assets held by Israelis in foreign currencies for the third quarter of 2022.
• In the third quarter of 2022, the balance of assets held abroad by Israeli residents declined by approximately $19 billion (about 3 percent), to about $618 billion at the end of September. The decline was mainly due to a decline in the balance of assets in the tradable securities portfolio.
• Outstanding liabilities abroad declined by approximately $3 billion (about 1 percent) in the third quarter, to about $472 billion at the end of the quarter. The decline was primarily due to a decline in prices… Read More Here
Elbit Systems Awarded $410 Million Romanian Contract
Elbit Systems Ltd. (was awarded a framework contract with a maximum value of approximately $410 million (approximately 1.89 billion Romanian Lei) to supply up to seven “Watchkeeper X” tactical unmanned aircraft systems (UAS) for the Romanian Ministry of National Defense, with a validity of five years. No specific purchase order under the contract was awarded yet.
The Watchkeeper X UAS is the UK export variant of the British army made by UAV Tactical Systems Limited (“U-TacS”), Elbit Systems’ UK subsidiary, and is a derivative of the Hermes UAS family. The Watchkeeper X’… Read More Here
Israel Innovation Authority Allocates Millions For New Technology Trends
The Israel Innovation Authority has outlined areas of focus for 2023 and announced the award of about 150m NIS ($43 million) budget for the launch of three innovation consortiums focusing on integrated photonics, metamaterials and metasurfaces, and black soldier fly farming.
Encyclopedia Britannica explains metamaterial is an artificially structured material that exhibits extraordinary electromagnetic properties not available or not easily obtainable in nature. The primary reason for the intensive interest in metamaterials is their unusual effect on light… Read More Here
Luminescent Can Recycle ‘Waste Heat’
Luminescent, an Israeli startup that developed a liquid-based isothermal engine that can capture, reuse, and store waste heat, raised $7 million in a seed round of funding led by Grove Ventures.
The world is ever looking for ways to conserve energy and reduce greenhouse gas emissions. One way to do so is to “capture” any…. Read More Here
