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Jewish Business News


Israel High Tech Scene and Other Business Stories January March 25 – March 31

startup nation

Tel Aviv at sunset, Israel

New Startups / VC Funding

SupPlant Raises $57 Million for Agtech
SupPlant, an Israeli agtech startup that develops sensors that can send signals from plants, extended its Series C funding round on Wednesday led by Red Dot Capital Partners, adding another $10,825,000 to its initial $27 million raise for a total of almost $38 million. This brings the total amount of investments raised by the company to date to more than $57 million.

Israel Startup Nation is big on agtech. For example, last September Taranis, an Israeli agtech startup that offers a crop intelligence platform, raised $40 million in a Series D funding round led by Inven Capital, a European climate… Read More Here

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Env0 Raises $35.1 Million for Infrastructure As Code IaC
env0, an Israeli startup that offers automated, Infrastructure as Code (IaC) collaborative remote-run workflow management for cloud deployments, brought in an additional $18.1 million of funding to conclude its Series A round of investment to bring it to a total of $35.1 million.

IBM explains that Infrastructure as Code (IaC) uses a high-level descriptive coding language to automate the provisioning of IT infrastructure… Read More Here

Zorro Raises $11.5 Million for Insurtech
Zorro, an Israeli insurtech startup that has developed a platform to optimize the health benefits experience for employees, employers, and brokers, raised $11.5 million in a Seed funding round co-led by Pitango and 10D.

This is the second time so far in March that an Israeli startup in the field of insurtech has raised funds. Fairmatic, an Israeli startup specializing in Insurtech 2.0, announced in March that it had raised $46 million in new funding just six months after its… Read More Here

Backslash Security and Daily.Dev Make Small Raises
Backslash Security, an Israeli startup that offers cloud-native app security solutions for enterprise AppSec teams, came out of stealth with an $8 million funding round led by StageOne Ventures, First Rays Venture Partners and D. E. Shaw Group. And, an Israeli startup focused on helping developers, raised $11 million in seed round funding led by Aleph with participation from Jibe Ventures and Secret Chord Ventures alongside notable angel investors, including Ariel Maislos, Amir Shevat, and several other tech industry… Read More Here

PxE Holographic Imaging Develops Hi-Res Holographic Imaging Cameras
PxE Holographic Imaging, an Israeli startup developing holographic imaging cameras, came out of stealth mode with a $5.4 million raise in a Seed funding round led by KDT – Koch Disruptive Technologies, the technology investment arm of Koch Industries, and M Ventures, the venture investment arm of the science and technology company Merck… Read More Here

Jigso and Spera Make Small Raises
Spera, an Israeli cybersecurity startup offering proactive protection from identity-driven threats, raised $10 million in seed funding led by YL Ventures. And Jigso, an Israeli startup that offers an AI business observability platform, came out of stealth mode with a $7.5 million raise in a Seed round of fundraising led by General Catalyst, Entrée Capital, and Jibe Ventures.

Where else in the world are you going to go for cybersecurity tech, or any security for that matter? Israel Startup Nation is a natural for… Read More Here

IPOs and Unicorns

Tel Aviv Ranks Top Globally In High-Tech Growth
A new report issued by TechAviv and Dealroom, a provider of data on global tech ecosystems, found that despite a slowing global market Tel Aviv is constantly finding new ways to grow. The city is ranked the fifth highest producer of unicorns worldwide, and over-indexing security tech above the global average. Unicorns are high-tech startups that reached a valuation of at least $1 billion.

The report also found that Tel Aviv is home to one of the fastest growing mature ecosystems globally… Read More Here

Mergers and Acquisitions

Cisco Buying Israel’s Lightspin for as Much As $250 Million
Cisco has announced its intention to acquire the Israeli startup Lightspin, a privately-held cloud security software firm headquartered in Tel Aviv. The deal is said to be worth somewhere between $200 and $250 million. Lightspin has raised $25 million to date from institutional investors like Dell Technologies Capital, IBM, and Ibex Investors.

Cisco said that over the past 18 months… Read More Here

BP and ADNOC Acquiring Israel’s NewMed Energy
NewMed Energy, an energy firm and a unit of Israel’s Delek Group Ltd, is in play. BP together with Abu Dhabi National Oil Company (ADNOC) is making a move to acquire the firm.

BP said that together with ADNOC it had made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake, which would result… Read More Here

Playtika Drops Bid To Buy Angry Birds
Playtika, the Israeli mobile gaming giant, is giving up on its bid to acquire Rovio Entertainment, the Finnish firm that is best known for the “Angry Birds” video game. Playtika informed stockholders it has “ended preliminary discussions” on the acquisition. There is no word yet as to why the negotiations broke down.

When the company first… Read More Here

Other Business Stories

Energean Sees Profits and Production Rise with Israel Gas Fields
Energean, the British energy company which operates Israeli natural gas fields in the Mediterranean Sea, revealed that its Israeli operations sent the company into profitability in 2022 and that the company expects this trend to continue into 2023 as production from Israel’s Mediterranean gas fields continues to rise.
In 2022, Energean was the sole owner-operator of five deepwater wells there, which drove a 20% increase in its reserve base and marked the 15th consecutive year of reserve and resource base increases for the company… Read More Here

IceCure Medical, BrainStorm Cell Therapeutics And NeuroSense Therapeutics All Move Forward With Medtech
IceCure Medical, BrainStorm Cell Therapeutics, and NeuroSense Therapeutics are three Israeli medtech firms that all made new moves this week. BrainStorm Cell Therapeutics Inc., a developer of adult stem cell therapeutics for neurodegenerative diseases, announced that the U.S. Food and Drug Administration (FDA) will hold an Advisory Committee Meeting (‘ADCOM’) to discuss the company’s Biologics License Application (BLA) for NurOwn for the treatment of amyotrophic lateral sclerosis (ALS).

IceCure Medical, the Israeli developer of minimally-invasive cryoablation technology, the ProSense System, announced the… Read More Here



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