Nucleai from LinkedIn
April was a really good month for Israel Startup Nation. Here are five of the biggest stories from the month.
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.
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Two years ago, Gauzy acquired France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions, for $60 million.
Liquid crystal glass panels, also known as smart glass or switchable glass, are a type of laminated glass that incorporates a thin layer of liquid crystals sandwiched between two glass panes. These liquid crystals have the unique property of changing their orientation when an electric current is applied.
Founded in 2009 by CEO Eyal Peso and CTO Adrian Loffer, Gauzy is a vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology. The company boasts that it is the only one in the world working with two of the three active light control technologies, SPD and PDLC… read more here
Nucleai Raises $60 Million for Cancer Treatment Tech
Nucleai, an Israeli medtech startup that uses artificial intelligence (AI) powered spatial biology to transform drug development and clinical treatment decisions for precision cancer treatments, raised $14 million in new investment led by M Ventures. The raise brings Nucleai’s total funding to date to $60 million.
Spatial Biology is the study of tissues within their own 2D or 3D context. Think of how a GPS system captures location coordinates within an area and tracks your location at a given time – the same principle can be used on a cellular and molecular level for the treatment of disease.
Established in 2018, Nucleai is an AI-powered spatial biology company who declares its mission to be to transform drug development and clinical treatment decisions by unlocking the power of pathology data. Nucleai provides pharmaceutical companies, contract research organizations, and diagnostics laboratories with a state-of-the-art AI platform to improve clinical trials and clinical decision-making… read more here
New Israeli Startup Lumana Set To Take On $38 Billion Industry
New Israeli startup Lumana, which was founded by a former senior exec at Intel, offers a next-generation video security platform that uses artificial intelligence (AI) and distributed hybrid cloud architecture, enabling organizations to “unlock the full potential of their visual data.” Lumana just came out of stealth with a $24 million seed funding round led by Norwest and S Capital.
Lumana says it is positioned to take advantage of a market that is expected to be worth $38 billion by 2030.
Founded in 2021 by CEO Sagi Ben Moshe, who served previously as general manager of Intel Israel’s Emerging Growth and Incubation Group, Lumana boasts that it is “pioneering the future of security with visual AI” and that its tech provides “near-human-like perception to help eliminate monitoring fatigue, false alarms, and reactive security management.”
Read more here
Watch Out Intel! Israel’s Hailo Is Advancing with Chip Making
Watch out Intel! Hailo, an Israeli unicorn that makes computer chips, just raised another $120 million in its Series C fundraising round. The company has now raised $340 million to date.
Halio hit the coveted unicorn status with more than a $1 billion valuation in 2021 after it raised at that time a paltry $100 million.
Co-founded in 2017 by Orr Danon and Avi Baum, previously CTO for wireless connectivity at the microprocessor outfit Texas Instruments, Hailo boasts that its AI processors feature high compute power at a high power efficiency and cost efficiency. One small, low-power and self-contained chip can process high-resolution videos in real-time or multiple video streams and neural network models simultaneously, all within a small power budget and rigid heat dissipation constraints… read more here
Israeli Startup Nagomi Security Offers Proactive Defense Platform
New Israeli startup Nagomi Security offers a platform for security and threat exposure management. The company came out of stealth with a $30 million Series A funding round.
Formerly known as Vena Security and co-founded in January 2023 by Salmona, CTO Shai Mendel, and CPO Jonathan Meler, Nagomi Security has experienced unprecedented customer momentum. After the company was formed, Nagomi launched its flagship platform just six months later, and had its first Fortune 500 customer, channel deal, and crossed the $1 million ARR milestone while still in stealth mode. The company is already helping leading organizations like Applied Systems, HFW and WELL Health Technologies stay ahead of adversaries by delivering the relevant threat context needed to mitigate pressing risks with unmatched speed… read more here
