Here are the 5 biggest Israel Startup Nation stories about startups from December, from Snyk to Luminescent.
Snyk Raised $196.5 Million – Even Qatar Invested
Snyk, an Israeli cybersecurity startup in the field of cloud native application security, raised $196.5 million in a Series G investment led by QIA (Qatar Investment Authority). While this was a whopping sum, it left the company with a valuation of only $7.4 billion. This after Snyk looked to holding an $8.5 billion IPO just one year ago.
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But the big story here was that Qatar’s QIA is investing in Synk at all. Qatar, host of this year’s World Cup soccer championship, is an Arab Gulf state with no diplomatic ties with Israel. So money does talk after all.
The drop in valuation came as little surprise to anyone who has been… Read More Here
BeeHero Raised $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, aiding in the reproductive process of all manner of flora and fauna.
The honey that they produce comes from the nectar of… Read More Here
Lumen Raised $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 be applied to everyone or does each individual have a… 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 excess energies, such as heat, to be re-used.
So, what exactly do we mean by “waste heat?” Well, just feel the heat given off by your oven when… Read More Here
RepAir Carbon Offers CO2 Capture Solution
RepAir Carbon is an Israeli startup that offers an inventive way to help deal with the growing problems of climate change. The company offers a new carbon dioxide capture solution. And for its new tech ReapAir Carbon raised $10 million in a Series A round of investment led by climate-first firm Extantia Capital with Equinor Ventures, Shell Ventures, and Zero Carbon Capital also participating.
Let’s face it, the world is getting hotter bad it’s because of all of the manmade greenhouse gas emissions. While it is on the right track, it is going to take a long time before the world manages get to anywhere close to zero greenhouse emissions. And all of that extra carbon dioxide already in the atmosphere… Read More Here
RepAir Carbon Capture Team (Facebook)
One more for luck:
IIA Allocated Millions for New Technology Trends
The Israel Innovation Authority (IIA) 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 propagating through them. And these materials have a wide variety of practical… Read More Here
