Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene March 16 – March 22
New Startups / VC Funding
Israeli Startup DeepCure Is Developing Medications From Really Small Molecules
DeepCure is an Israeli medtech startup that uses an artificial intelligence AI drug discovery engine to develop novel, small molecule therapeutics. The company closed a $24.6 million Series A-1 financing round led by IAG Capital Partners.
Small molecule therapeutics are drugs made up of relatively small organic molecules, typically with a molecular weight of less than 900 Daltons. They are a major class of pharmaceutical drugs and are used to treat a wide range of diseases… Read More Here
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Israeli Gift Giving Startup Snappy Sees Valuation Cut In Half
Snappy is an Israeli startup that offers a new platform for gift giving. The company, reported Globes, just completed a $25 million Series D financing round led by Qumra Capital, bringing its total funding to date to $130 million. Unfortunately for Snappy, Globes also reported that the round left the firm with no more than a $200 million valuation, half of the $400 million valuation it had in 2021.
The devaluation of Snappy, however, is not related to the ongoing war in Gaza. The company had been experiencing problems for some time since… Read More Here
Israeli Startup Magnus Metal Pioneering Technology In Digital Casting For Metal Alloys
Magnus Metal is an Israeli startup that says it is pioneering technology in industrial, high volume digital casting for metal alloys. The firm raised $74 million in a Series B round of funding, co-led by Entrée Capital and Target Global. Magnus Metal will use the latest capital to “further develop its innovative casting technologies while expanding its operations locally and globally to support its Fortune 100 customers.”
Digital casting is a new technology that is revolutionizing the way metal parts are manufactured. It combines the benefits of additive manufacturing (3D printing) with traditional casting to create a more efficient and flexible process… Read More Here
Israeli Startup Cynomi Offers A VCISO Platform For MSPs And MSSPs
Cynomi is an Israeli startup that provides a vCISO platform for MSPs and MSSPs. The firm raised $20 million in new funding. The financing was led by Canaan, with Flint Capital, s16vc, and Aloniq among the return investors.
Managed Service Providers (MSPs) are third-party companies that businesses hire to manage their information technology (IT) infrastructure and systems. This can include a wide range of services, such as, network and server management, cybersecurity, help desk support, cloud services, data backup and recovery, and… Read More Here
Mergers and Acquisitions
Israeli Military Cybersecurity Veteran Founded Startup Entitle Acquired By BeyondTrust
Entitle, an Israeli startup founded by veterans of the Israeli military’s elite cybersecurity unit that offers a cloud permissions management platform, is being bought out by American cybersecurity company BeyondTrust. The terms of the deal have not been released, but Calcalist reported that it could be worth as much as $150 million. Entitle first came out of stealth mode in February 2023.
Cloud permissions management refers to the practices and tools used to control how users and applications access resources in a cloud environment. It’s essentially ensuring the right people and applications have the right access to data and functionalities, and no more. By implementing effective cloud permissions management, a firm can ensure the security and efficiency of your cloud operations… Read More Here
Dot Compliance Offers AI-Enabled Quality Management System (QMS) Solutions
Dot Compliance is an Israeli startup that offers AI-enabled Quality Management System (QMS) solutions. The firm raised $17.5 million in Series B extension funding, bringing its total funding to date to $50 million.
Founded in 2007, Dot Compliance delivers ready to use management software solutions designed specifically for the life science industry; medical devices, biotechnology, and pharmaceutical companies.
Over the last few years, the FDA, EMA and other regulators have issued over $100 million in fines to life sciences companies for violations related to quality and safety standards, and with the average cost of leading a new drug to market being over $2.6 billion, the losses incurred due to delays or mistakes can be colossal. Cutting through the complexity of regulatory demands takes a significant investment of time and manpower, which inevitably impacts the survival of a… Read More Here
Other Business Stories
British Rising Star Joe Blackmore Inks Two-Year Deal With Israel – Premier Tech
British cycling prodigy Joe Blackmore has signed a two-year contract with the Israel – Premier Tech (IPT) professional cycling team, propelling him to the next stage of his burgeoning career. The 21-year-old phenom has impressed with a string of victories, securing his place on the prestigious roster for the 2025 and 2026 seasons.
Blackmore’s meteoric rise has seen him conquer major events in a short period. He recently triumphed in the prestigious U23 edition of Liège – Bastogne – Liège… Read More Here
