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Israel High Tech Scene September 2 – September 8

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Tel Aviv at sunset, Israel Startup Israel

Israel High Tech Scene September 2 – September 8

New Startups / VC Funding
Ibex Medical Raises $100 Million
Israeli medtech startup Ibex Medical Analytics uses artificial intelligence (AI) in cancer diagnosis. The company closed a $55 million Series C financing round led by 83North. The financing brings total funding to over $100 million since Ibex’s inception in 2016.

Startup Nation has a number of companies that are developing new cancer treatments. Israel’s OncoHost is developing new ways to test the blood of cancer patients in order to determine which treatments will be the most… Read More Here

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Israeli Startup Upwind Security Raises $80
Upwind Security, an Israeli startup that develops a security platform that protects cloud infrastructure in real time, raised $50 million in additional funding. When added to $30 million raised in a seed round just 10 months ago, the company has now brought in $80 million. And Harmonya, another Israeli startup that has developed an AI-powered product data platform, raised a $20 million in a Series A round of funding led by Bright Pixel Capital.

Founded in 2021 by CEO Cem Kent, CPO Ram Etzion, and CTO Dima Machlin in the Team8 foundry, Harmonya boasts that it is the all-in-one AI-powered... Read More Here

ThetaRay Raises $57 Million for Fintech Security
ThetaRay, an Israeli cybersecurity startup that enables the acceleration of cross-border payments between banks while protecting financial institutions from financial crime, raised $57 million in a growth round of investment led by Portage, with investments by existing investors JVP, OurCrowd and others. The firm calls itself a leader in next-generation AI-powered secure global payments and has offices in New York, Madrid, London, Dubai and Tel Aviv.

There has been a lot of talk about AI – artificial intelligence – lately, with the release of new AI programs like… Read More Here

Israeli Startup Pynt Raises $6 Million
Pynt, an Israeli cybersecurity startup, raised $6 million in Seed funding led by Joule Ventures with the participation of Dallas VC and Honeystone Ventures.

Founded in 2022 by CTO Ori Goldberg, CSO Golan Yosef and CPO Ofer Hakimi, Pynt is an automated API security testing solution that allows organizations to effortlessly eliminate complex application security risks right from the early stages of the development lifecycle…. Read More Here

Mergers and Acquisitions
Tenable To Acquire Israeli Startup Ermetic for $350 Million
Ermetic, an Israeli cybersecurity startup, is set to be acquired by the American cybersecurity company Tenable. Reports indicate that the negotiations are in their advanced stages and that the deal is worth $350 million. Tenable previously acquired Israeli cybersecurity company Indegy for $78 million in 2019.

Ermetic currently employs 140 people and has…. Read More Here

Tower Semiconductor Cuts $300 Million Deal with Intel
Israel’s Tower Semiconductor, a leading foundry for analog semiconductor solutions, has entered into a deal with Intel to cooperate on chip production in New Mexico. The deal comes after Intel scrapped plans to acquire Tower.

Intel Foundry Services300mm manufacturing capacity to Tower. Tower Semiconductor will invest up to $300 million to acquire and own equipment and other fixed assets at Intel’s New Mexico facility and will produce…. Read More Here

Other Business Stories
Jared Kushner’s Firm Makes $150 Million Investment in Israel’s Shlomo Group
Jared Kushner’s Affinity Partners, which is backed by money from Saudi investors, is set to invest $150 million (570 million Shekels) in the Israeli firm Shlomo Group’s car rental, leasing, sales and credit activities. This marks the first Israeli investment made by Affinity.

Under the deal, a new subsidiary will be established under Shlomo Holdings, consolidating all joint automotive… Read More Here

UnXeptable: 500 Israeli Academics Condemn Benjamin Netanyahu
More than 500 Israeli academics on the faculties of institutions of higher learning around the world including Harvard, Yale, Cambridge and Oxford universities, signed an open letter in opposition to the controversial judicial reform plan proposed by the government of Israel’s Prime Minister Benjamin Netanyahu.

The academics say that the judicial reforms, which Israel’s opposition charges will harm Israel’s democracy, are “unacceptable” and so they… Read More Here

Benjamin Netanyahu Negotiating New Energy Deal in Cyprus
Israel’s Prime Minister Benjamin Netanyahu is in Cyprus where he is negotiating new energy cooperation deals including the sale of more Israeli natural gas to Cyprus. Netanyahu was welcomed Sunday by Cypriot President Nikos Christodoulides at the Presidential Palace in Nicosia and met privately with Greek Prime Minister Kyriakos Mitsotakis. The Prime Minister and his wife Sara had dinner Sunday night with the Cypriot President and Prime Minister.

The two nations are reportedly ready to sign a new energy deal… Read More Here

President Isaac Herzog Again Criticizes Benjamin Netanyahu’s Judicial Reform Plan
President of Israel Isaac Herzog had some choice words about the ongoing political drama and national feud over the government of Benjamin Netanyahu’s controversial judicial reform plan. The remarks came in a speech to the Israel Bar Association. Meanwhile, President Herzog arrived Monday on a state visit to the Slovak Republic.

President Herzog has previously diverged from historical precedent by expressing his own criticisms about the judicial reform plan. In Israel, the President is a ceremonial role and he does not get involved in politics… Read More Here



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