Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene March 16 – March 22
New Startups / VC Funding
Israeli Startup NeuReality Raises $70 Million For Data Center Acceleration
NeuReality, an Israeli startup specializing in hardware and software solutions to accelerate artificial intelligence (AI) in data centers, raised $20 million in new funds from the European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech and OurCrowd. NeuReality has now raised $70 million to date.
The company focuses on the inference stage of AI, which involves applying trained AI models to new data for tasks like image recognition or language translation… Read More Here
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Israeli Unicorn BigID Offers Cloud Security Solutions
BigID is moving Israel Startup Nation forward as the war in Gaza continues. The Israeli unicorn, which offers data security solutions for the cloud, held a $60 million raise led by Riverwood Capital with participation by Silver Lake Waterman and Advent. BigID has now raised a total of $320 million in funding to date.
Cloud data security refers to the practices and technologies used to protect information stored in the cloud. It encompasses safeguarding data at rest (stored in the cloud), in transit (moving between the cloud and… Read More Here
Israeli Startup Euno Offers ‘Dynamic Governance’ Solutions
Euno is a new Israeli startup that offers a data model governance platform the company says is a “dynamic governance solution for data teams at large and scale-up.” Euno just came out of stealth with a $6.25 million raise led by 10D.
Data governance is an ongoing process that needs to be adapted to the specific needs of an organization. As your data landscape evolves, so too should your data governance practices… Read More Here
Mergers and Acquisitions
Israeli Unicorn Redis Buys Israeli Startup Speedb
Redis, an Israeli unicorn, bought out fellow Israeli startup Speedb, which offers customers a data engine service. The terms of the deal were not disclosed.
Founded in Israel in 2011, Redis makes apps faster by creating a data foundation for a real-time world. It is the driving force behind Open-Source Redis, the world’s most loved in-memory database, and commercial provider of Redis Enterprise, a real time data platform… Read More Here
Israel’s Oxeye Getting Bought Out By Gitlab
Oxeye, an Israeli startup offering next-generation cloud-native application security testing, is being bought out by GitLab, a DevOps software firm whose platform combines a number of features to streamline the software development lifecycle, reported Israel’s Calcalist. Neither company has yet confirmed the deal, but Calcalist said it could be for as much as $40 million.
Cybersecurity is more important than ever, which is why they are really bringing in the money these days. And investors certainly have reason to believe that cybersecurity will bring them their best return on investment when it comes to… Read More Here
Other Business Stories
73% Drop In VC Capital Fund Raising For Startup Nation 2023
Israel Startup Nation saw a massive 73% drop in VC capital fundraising for the year 2023, compared to 2022, marking the lowest levels since 2015. This is according to a new report issued by IVC Research, Gornizky, KPMG Israel and the Israel Innovation Authority. Clearly, the bad news is directly related to Israel’s Iron Swords War against Hamas terrorists in Gaza that was sparked by the barbaric Hamas massacre of more than 12,000 innocent Israelis on October 7, 2023.
Also, only 21 Israeli VC funds succeeded in raising a mere $1.52 billion in total in 2023. This marked a 66% drop in the number of funds. Three VC funds… Read More Here
France Limits Israeli Participation At Eurosatory Arms Exhibition Due To Gaza War
The French government is not happy with Israel’s continued prosecution of its “Iron Swords” war against the Hamas terrorist organization in Gaza. Because of this, the country is considering placing limitations on arms deals with the country and has already imposed stringent restrictions on the participation of Israeli arms companies at the upcoming Eurosatory arms exhibition scheduled for Paris in June.
While neither the government of France, nor the Eurosatory arms exhibition itself, have made any official statements on the matter, the Israeli publication Calacalist… Read More Here
Sports Illustrated Saved? Sold To Israeli Owned Minute Media
Sports Illustrated, the world’s most iconic sports publication, has been saved. Asaf Peled’s Minute Media signed a new ten year deal for the magazine’s publishing rights with its owner Authentic Brands Group. Financial terms of the new deal have not yet been disclosed.
The news comes just days after the Arena Group, which currently runs Sports Illustrated’s operations, threatened to cease the magazine’s publication… Read More Here
Israel Sees Downgrade In Democratic Status Due To Benjamin Netanyahu’s Judicial Reform Plan
Israel has fallen out of the “liberal democracy” category for the first time in over 50 years and has dropped to the level of the less democratic “electoral democracy,” according to the 2024 “Democracy Winning and Losing at the Ballot” report issued by the V-Dem (Varieties of Democracy) Project. The downgrading came as a result of the political policies of the Benjamin Netanyahu government.
The V-Dem project distinguishes between five high-level principles of democracy: electoral, liberal, participatory, deliberative, and egalitarian, and… Read More Here
Science
Israeli Scientists Find Yeast Could Prevent Life-Threatening Fungal Infections
Imagine if yeast can be used to fight life-threatening fungal infections. Well, Israeli researchers at the Weizmann Institute of Science have identified a yeast that might be used to prevent invasive candidiasis, a major cause of death in hospitalized and immunocompromised patients.
Did you see “The Last of Us?” It is a television show about the world being destroyed in a global pandemic caused by a mass fungal infection that turns people into zombie-like creatures. The disease in question in the show is… Read More Here
Are We In Industrial Societies Losing Healthy Gut Microbes? Israeli Scientists Say Yes
The human body’s intestinal flora is being damaged in Western industrial societies due to the average diet. This is the reason why newly discovered cellulose-degrading bacteria (scientists call it our gut microbiome) are being lost from the human gut microbiome, especially in industrial societies, according to a new report issued by Israeli scientists from Ben-Gurion University in the Negev (BGU).
The gut microbiome, also known as gut microbiota or gut flora, is the community of microorganisms that live in your digestive tract. These microbes… Read More Here
