Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene January 14 – January 21
New Startups / VC Funding
4,800 Startups Operated In Israel In 2022
Israel’s Central Bureau of Statistics released a report on the country’s startup companies that have become mature and that operated between 2011-2022.
In 2022, 4,796 startup companies operated in Israel, an average annual increase of 3% compared to 2011.
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In 2022 – 38,600 full-time positions were employed in the startup companies, an increase of 4% compared to 2021.
In the years 2011-2022, 8,859 start-up companies were opened in Israel. 4,519 (51%) of them were closed or suspended their activity until 2022… Read More Here
Israel Promotes New High-Tech Stimulus Package
The government of Israel, in collaboration with the Israeli Innovation Authority, approved a new stimulus package that it said aims to elevate Israel’s standing as a global high-tech hub.
Israel’s government said that this new stimulus plan comes as the result of what it described as “exhaustive deliberations” by the Budget Division in its Ministry of Finance and the Israel Innovation Authority. It will include several key initiatives aimed at bolstering Israel’s high-tech ecosystem… Read More Here
Xyte Raises $30 Million for First All-In-One Servitization Platform
Xyte, an Israeli startup that developed the first all-in-one servitization platform for device and hardware manufacturers, held a $30 million investment round, which included $20 million in Series A funding led by Intel Capital, with participation from Samsung Next. Meanwhile Snyk, an Israeli cybersecurity startup and a unicorn, acquired fellow Israeli firm Helios, which offers runtime data collection and insights. The purchase price was not disclosed.
Founded in 2015 by Israelis Assaf Hefetz, Danny Grander, and Guy Podjarny, Snyk provides cloud native application security (CNAS) solutions that enable modern… Read More Here
WaveBL Raises $37 Million for Electronic Billing
WaveBL, an Israeli startup that offers services for providing electronic bills, raised an additional $11 million from new investors who specialize in the bulk-liquid and smart logistics sectors for its Series B funding, which was led by NewRoad Capital Partners taking it to a total of $37 million. Meanwhile, Vintage Investment Partners closed its 4th growth-stage venture fund (Growth IV) at $200 million, above its target of $175 million… Read More Here
Ex-CIA Chief Pompeo Joins Cyabra’s Fight Against Disinformation
Cyabra, a rising star in the battle against online manipulation, has made two major power plays: welcoming former Secretary of State Mike Pompeo to its board and securing a fresh $5.7 million funding injection.
These moves signal the company’s determination to become a global leader in safeguarding online spaces from disinformation and malicious actors.
Pompeo, known for his hawkish stance on cybersecurity and foreign policy, brings a wealth of experience to Cyabra’s board. His expertise in intelligence gathering and counter-terrorism is expected to be invaluable in the fight against AI-driven disinformation campaigns that threaten democracies and businesses alike… Read More Here
Mergers and Acquisitions
XRHealth Completes Merger With Amelia Virtual Cares, Raises $6 Million
XRHealth, an Israeli medtech startup that calls itself the gateway to virtual healthcare treatment in the metaverse, completed its merger with Amelia Virtual Care, a global leading virtual reality platform for mental health professionals based in Barcelona, Spain. At the same time, XRHealth raised $6 million in funding led by Asabys Partners.
The merger of XRHealth and Amelia Virtual Care, said the firms, has created the “largest extended reality platform company covering mental, physical, and occupational health.” The new funding supports the merger of the businesses, technologies, and teams, and will be used to leverage new…. Read More Here
Other Business Stories
Ben & Jerry’s, an ice cream company, has decided to add its two cents to the debate raging over what Israel should do in Gaza and called for a ceasefire. This is because, as everyone knows, companies that make ice cream are known for their expertise on matters of international relations and war.
Anuradha Mittal, who leads the corporate board of Ben & Jerry’s corporate board issued a statement on its behalf saying, “Promoting peace has been an integral part of Ben & Jerry’s DNA for four decades,” and, “Today, Ben & Jerry’s Board stands steadfast with that principle by calling for peace and a permanent and immediate ceasefire… Read More Here
