Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene June 10 – 16
New Startups / VC Funding
Percepto Raises $120 Million for Drone/UAV Tech
Percepto, an Israeli startup that develops new drone and UAV (unmanned aerial vehicles) using AI technologies, raised $67M Series in combined equity and debt in a Series C round of funding, led by Koch Disruptive Technologies (KDT), alongside new investors Zimmer Partners and one of the largest U.S. energy companies. In a sign of how important drone/UAV technologies are these days, Percepto has raised $120 million to date and made this big raise, while the rest…. Read More Here
Deepchecks’ Open Source Solution for ML Validation Raises $14 Million
Israeli startup, Deepchecks, a company that provides an open-source solution for continuous validation of machine learning (ML) models and datasets, today announced the general availability of its product and the closing of a $14 million seed funding round led by Alpha Wave Ventures with participation from Hetz Ventures and Grove Ventures.
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The funding will be used to accelerate the development of…. Read More Here
Tomorrow.Io Raises $87 Million for Weather and Climate Security Tech
Tomorrow.Io, an Israeli founded startup that offers a platform for weather and Climate security, raised $87 million in a Series E round of funding led by Activate Capital. Joining the round were RTX Ventures, Seraphim Space and Chemonics. The funding came just after the company launched its second satellite, R-2, on the SpaceX Transporter-8 rideshare flight.
Founded in 2016 by Shimon Elkabetz, Rei Goffer, and Itai Zlotnik Tomorrow.io was then called ClimaCell. The startup improves weather forecasting via a visualization map that displays over…. Read More Here
Kodem Raises $18 Million for Cybersecurity
Kodem (Hebrew for before), an Israeli cybersecurity startup founded by former employees of Israel’s controversial cybersecurity firm NSO Group, raised $18 million in a Series A round of funding led by Greylock with participation from TPY Capital. Kodem has now raised $25 million to date. And Levana.ai is a new Israeli femtech firm that offers an AI-based solution for personalized medication for women.
Founded in 2022 by Dr. Ilana Kwartin, a lawyer…. Read More Here
Mergers and Acquisitions
Israel’s Lightico Acquires British Vizolution
Lightico, an Israeli startup that offers an enterprise-consumer interaction platform, has acquired Vizolution, a British provider of customer experience technology. The terms of the deal were not disclosed.
Interestingly, the acquisition came just a few months after Lightico was forced to make layoffs. In February Jewish Business News reported…. Read More Here
Israel’s Ecoplant Sold to US Giant Ingersoll Rand
Ecoplant, an Israeli startup that develops new technologies to increase energy efficiency and thereby reduce air pollution, is getting bought out by the major American industrial corporation Ingersoll Rand, reported Calcalist. The deal is said to be worth $50 million.
Climate change is real and it is getting worse. One way to do something about the problem is the reduction of greenhouse emissions and Israel Startup Nation has been working hard to…. Read More Here
Other Business Stories
2023 Israel Defense Prize Awarded To 4 Outstanding Projects from the IDF and Mossad
President of Israel Isaac Herzog and Minister of Defense Yoav Gallant awarded the 2023 Israel Defense Prize – an award presented annually by the President of Israel to people and organizations who “made significant contributions to the defense of the State of Israel” – was awarded to what were described as four “remarkable projects” developed by…. Read More Here
Teva Pharmaceuticals Plummets after U.S. Opioid Settlement
Israel’s Teva Pharmaceutical Industries Ltd may have thought that the company put its past troubles behind it with last week’s announcement that it had finally concluded its nationwide settlement of class action suits brought by almost all of the individual U.S. States for its part in the American opioid epidemic. Eva was one of the companies charged with allowing the proliferation of highly addictive…. Read More Here
Israeli Institutional Investment in Technology Falls 40% In 2022
The Israeli Institutional Investors’ Tech Investments Report for the year 2022 was released and it has some depressing numbers. But it also shows optimism for Israel Startup Nation in 2023. The report was compiled by IVC, Arnon Segev & Co. and Consiglieri with some help from the Israel Innovation Authority.
The report covers the period beginning…. Read More Here
