Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene April 6 – April 12
New Startups / VC Funding
Israel’s Almost Unicorn Guesty Raises Hundreds of Millions For The $280 Billion Hospitality Market
Guesty, an Israeli startup that offers a property management platform for the short-term rental and hospitality industry, raised $130 million in Series F funding round, led by global investment firm KKR. The firm expects to continue to expand into the $277 billion short-term rentals market. So, Israel Startup Nation is still in the game even after six months of war in Gaza and threats of international boycotts.
Tech Crunch reported that Guesty, which currently operates in more than 80 countries, now has a $900 million valuation. So, it’s not a… Read More Here
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PVML: Young Israeli Married Couple Founds Startup to Ensure Data Privacy
PVML, an Israeli startup that offers a platform for secure AI-powered data access, has had its coming out into the community of Startup Nation Israel with an $8 million Seed funding raise led by NFX. Oh, and the company was founded by a married couple too.
Two years ago Shachar Schnapp and Rina Galperin both quit their day jobs to establish PVML. Rina said she was working as a software engineer at a large corporation. She was part of a team building a product for virtual classrooms using people’s sensitive private data. Shachar, was completing his PhD in computer… Read More Here
Israeli Startup Datafy Offers Cloud Storage Optimization
Datafy, a new Israeli startup that boasts it will redefine cloud storage optimization, raised $6 million in a Seed funding round led by global software investor Insight Partners. Datafy said it will use the funds to make cloud storage cost-effective and manageable for companies, navigating the complexities of the digital age.
Businesses and individuals can use cloud storage to save files, back up data, and access information from anywhere with an internet connection… Read More Here
IPOs and Unicorns
Israel’s Gauzy Looks To $500 Million NASDAQ IPO
Gauzy, an Israeli startup that develops liquid crystal glass panels for use in a variety of industries, is looking to go public with a NASDAQ IPO. Calcalist reported that Gauzy expects to come away with a $500 million valuation from the IPO, which is planned for this quarter, and raise $100 million.
Two years ago, Gauzy acquired France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions… Read More Here
Science/Culture
Israeli Scientists Find Connection Between Heart Attacks And Cancer
A new study from Israeli scientists has found a mechanism linking heart disease to cancer development. Previous studies have shown that heart disease and cancer may be connected through shared risk factors, such as smoking, diabetes, and obesity. However, the newly released study from Researchers at Tel Aviv University (TAU) and the Leviev Cardiothoracic and Vascular Center at the Sheba Medical Center has shed light on the potential connection between extracellular bubbles released after a heart attack and an increased risk of developing cancer.
The researchers estimate that the discovery may improve the protocols for… Read More Here
Israeli Scientists Find New Way To Treat Cancer
Israeli scientists have made yet another cancer treatment breakthrough, this time using nanosized polymers. Researchers from Ben Gurion University say they developed a way to selectively deliver chemotherapeutic drugs to blood vessels that feed tumors and metastases.
The polymer eliminates colorectal cancer liver metastases and prolongs mice survival, after a single dose-therapy, they said. The findings were published in Nano Today, a leading journal in the field of nanotechnology… Read More Here
Mergers and Acquisitions
Israel Startup Nation Sees $10 Billion in Mergers and Acquisitions In 2023
Israel Startup Nation had a number of ups and downs in the aftermath of the October 7 Hamas massacre and the ensuing war in Gaza. This is according to a new report released by IVC.
For example, in 2023, Mergers and Acquisitions capital for Israeli firms totaled $9.77 billion, only 22% below the amount in 2022… Read More Here
Other Business Stories
Israel’s Diamond Trade Sees Some Life In 2024
Israel’s diamond trade saw a decrease in the trade in polished diamonds and an increase in the trade in rough diamonds in the first quarter of 2024, according to the quarterly summary published by the inspector of diamonds at the Ministry of Economy and Industry.
In another example of the continuing benefits to Israel’s economy brought by the Abraham Accords, the United Arab Emirates – an original signatory – played a large role here. In March, the export of rough diamonds to the United Arab Emirates amounted to about $20 million, which is about 19% of Israel’s general rough diamond export in March. This month, rough diamonds totaling… Read More Here
TikTok Issues Weak Response to Proliferation Of Attacks On Israel
TikTok, the popular, as well as controversial, social media platform known for offering a variety of entertaining videos, has been working hard to improve its image. American politicians are attempting to ban it, saying that TikTok is a tool of the Chinese government used for spying on people, and others have pointed out that in the wake of the October 7 Hamas massacre in Israel, the company allowed people to make inflammatory posts filled with hateful rhetoric against the Jewish State. And even when trying to prove it has taken action to remove such hate speech, TikTok refused even to acknowledge the massacre… Read More Here
