Israel High Tech Scene September 9 – September 15
New Startups / VC Funding
Israel’s UBQ Materials Raises $70 Million to Make ‘Plastics’ From Recycled Waste
UBQ Materials, an Israeli climate tech startup that develops advanced materials from waste, has raised $70 million in funding, led by Eden Global Partners. Additional investors include TPG Rise Climate, TPG’s Rise Fund, Battery Ventures, and M&G’s Catalyst strategy. The company has now raised $240 million.
Climate change is real and the world is clearly getting hotter. Waste disposal uses a great deal of energy, adding to greenhouse gases. And as biodegradables like food break down, they release greenhouse gasses. So using this to make… Read More Here
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FloLive Raises $47 Million for Global Cellular Data Network
floLive is an Internet of Things (IoT) 5G connectivity Israeli startup offering a hyperlocal global cellular data network. The company just raised $47 million in a Series C round of funding co-led by Greenfield Partners and existing investor 83North. Saban Ventures, the investment firm started by Israeli mogul Haim Saban, also invested.
Founded in 2015, floLIVE offers advanced 5G network solutions, both privately and over the cloud, and a full suite of global cellular connectivity services... Read More Here
SQream Raises $45 Million to Reduce Costs For AI/ML And Big Data Workloads
SQream, the Israeli data and analytics accelerator startup “built” for big data and AI/ML workloads, completed a $45 million Series C financing round. The round was led by World Trade Ventures, with participation from new and current investors, including Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings.
Established in 2010 by Gal and Kostya Varakin, SQream is a data analytics… Read More Here
Israeli Startups Prisma Photonics, Tamnoon and Scala Biodesign All Make Small Raises
Prisma Photonics, an Israeli startup that monitors large-scale infrastructure, such as power grids, raised $20 million in a Series C round of funding led by New York-based global private equity and venture capital firm Insight Partners. Scala Biodesign, another Israeli startup that offers an AI-enabled computational protein engineering platform, came out of stealth with a $5.5 million seed funding raise led by TLV Partners. And a third Israeli startup, Tamnoon, raised $5.1M in Seed funding led by cyber investors Merlin Ventures and Secret Chord Ventures…. Read More Here
Port and Zenity Make Small Raises
Zenity, an Israeli startup that developed a platform for securing low-code/no-code development, raised $16.5 million in Series A funding led by Intel Capital. And fellow Israeli startup Port, which develops an open internal developer portal, raised $18 million in new funding in a Series A round led by Team8 bringing the total to $23 million raised… Read More Here
IPOs and Unicorns
Top 5 Israel Startup Nation Unicorn Stories For 5783
The Jewish New Year – Rosh Hashanah – begins at sundown Friday night. The year 5783 will end and 5784 will begin. Here is the Jewish Business News list of the top 5 stories about Israeli unicorns – startups with at least a $1 billion valuation – for 5783. Israel is not called Startup Nation for nothing… Read More Here
Top 5 Israel Startup Nation IPO Stories For 5783
The Jewish New Year – Rosh Hashanah – begins at sundown Friday night. The year 5783 will end and 5784 will begin. Here is the Jewish Business News list of the top 5 stories about Israeli startups that held their IPOs (Initial Public Offerings) 5783. Israel is not called Startup Nation for nothing, but not every one of the IPOs was a hit…. Read More Here
Mergers and Acquisitions
Top Israel Startup Nation Mergers and Acquisition Stories For 5783
The Jewish New Year – Rosh Hashanah – begins at sundown Friday night. The year 5783 will end and 5784 will begin. Here is the Jewish Business News list of the top mergers and acquisition stories about Israeli startups that came in 5783. Israel is not called Startup Nation for nothing, so it, of course, had some very bog exits over the past year…. Read More Here
Playtika Acquiring Fellow Israeli Firm Innplay Labs for $80 Million
Playtika, the Israeli mobile gaming giant, is acquiring Innplay Labs, a mobile gaming studio based in Israel, for $80 million. But the deal could end up being worth as much as $300 million.
The move comes just a few months after Playtika dropped plans to acquire Rovio Entertainment, the Finnish firm that is best known for the “Angry Birds” video game. That deal would have been for $738 million in cash…. Read More Here
Other Business Stories
Israel Has 9.795 Million People Eve of Rosh Hashana
On the eve of the Jewish New Year – Rosh Hashanah – Israel’s Central Bureau of Statistics (CBS) reported on the country’s overall population and demographic breakdowns. Israel has a current population of approximately 9.795 million.
According to the CBS, Israel’s overall population grew over the past year by an estimated 2% with 172,000 babies born and the arrival of 74,000 immigrants.
The country will break the 10 million mark in people sometime early in 2024… Read More Here
Top 5 Israeli Defense Business Stories For 5783
The Jewish New Year – Rosh Hashanah – begins at sundown Friday night. The year 5783 will end and 5784 will begin. Here is the Jewish Business News list of the top 5 stories about Israeli defense contractor business deals for 5783.
Israel is not called Startup Nation for nothing, but it is also known for its cutting edge defense technologies industry. In fact, it has led the world with such tech, like the vaunted Iron Dome anti-missile defense system, for the entire length of… Read More Here
Top 5 Israel Economic Stories For 5783
The Jewish New Year – Rosh Hashanah – begins at sundown Friday night. The year 5783 will end and 5784 will begin. Here is the Jewish Business News list of the top 5 stories about the Israeli economy from over the past year.
The economy is doing all right in general, but the Shekel plummeted in recent months due to the political turmoil surrounding the Benjamin Netanyahu government’s controversial judicial reform plans. While rating agencies gave Israel good marks, they all warned that moving forward with more of the reforms could… Read More Here
