Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene July 20 – July 26
New Startups / VC Funding
Revolutionary 3D Battery Technology: Israeli Startup Addionics’ Current Collectors Boost Longevity
Israeli startup Addionics is a chemistry-agnostic battery technology company that manufactures 3D Current Collectors, which drive significant battery manufacturing and performance benefits. The company just raised $39 million in a Series B investment round co-led by GM Ventures and Deep Insight,
These batteries last much longer, which is good for the environment because they will be discarded less often, leaving less waste behind. Discarded electronic items such as batteries leave behind a great deal of pollutants that are bad for the environment. They can be released over time… Read More Here
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AI-Powered Blood Analysis: Scopio Labs’ Breakthrough Technology Transforms Medical Diagnostics
Scopio Labs is an Israeli med-tech startup that develops Full-Field Digital Cell Morphology imaging and analysis platforms. The company raised $42 million in a Series D round of funding led by Fortissimo Capital. Scorpio has now raised $130 million to date.
Full-Field Digital Cell Morphology is a revolutionary approach to analyzing blood samples. Unlike traditional microscopy, which requires manual scanning of slides, this technology captures an entire blood smear in a single, high-resolution digital image. This comprehensive view allows for detailed examination of every cell… Read More Here
Cloud Security Automation: Israeli Startup ZEST’s AI Platform Detects and Resolves Cyber Risks
ZEST Security is an Israeli cybersecurity startup offering an AI-powered cloud risk resolution platform to eliminate enterprise cloud security risks at scale exited stealth this week with a seed round investment of $5 million from Hanaco Ventures, Silvertech Ventures and angel investors. The firm says that its platform “correlates and pinpoints the root cause of cloud risks to craft resolution paths that eliminate cloud vulnerabilities and misconfigurations that attackers can exploit.”
A cloud risk resolution platform is a specialized tool designed to streamline the process of identifying, prioritizing, and remediating cloud security vulnerabilities. By automating many of the manual tasks involved in risk management… Read More Here
Mergers and Acquisitions
Israel’s Wiz Cybersecurity Startup Declines $23 Billion Google Acquisition Offer, Shocking Tech Industry
Wiz, an Israeli “super” unicorn that offers an API security platform has rejected a whopping $23 billion buy-out offer from Google, which, if the deal had gone through, would have been the largest exit in Israel’s history. After a week of buzz and widespread reporting on the rumored deal, Wiz said it decided to pursue an initial public offering (IPO) rather than accept Google’s bid which was almost double the company’s most recent valuation of $23 billion.
“Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO. Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice,” CEO Assaf Rappaport wrote to employees… Read More Here
Other Business Stories
Energean Plans $1.1 Billion Investment in Israel’s Katlan Gas Field Development
Energean, the British energy company that operates Israeli natural gas fields in the Mediterranean Sea, is set to invest $1.2 billion in Israel’s Katlan natural gas reserve. Katlan is the newest of the many Israeli natural gas fields located off the coast of the country in the Mediterranean.
Israel’s Ministry of Energy and Infrastructure granted the associated 30-year lease for the Katlan area including a 20-year extension option. The Ministry has also ratified the Hermes discovery in the newly named Drakon… Read More Here
Archeology/History
Recent excavations in Lithuania uncover ancient Jewish ritual baths
Archaeological excavations at the site of the Great Synagogue of Vilna have unearthed the floor of the main prayer hall, offering a poignant testament to the synagogue’s destruction at the hands of the Nazis and Soviet authorities.
The excavations currently underway in Lithuania are led by the Israel Antiquities Authority, the Society of Lithuanian Archaeology and others. They have unearthed two substantial concrete basins beneath the bathhouse and mikveh (Jewish ritual bath). These basins were essential for supplying the Vilna community with water… Read More Here
Jerusalem’s Ancient Defenses: 150-Year Quest Reveals Royal Fortress in City of David
Archaeologists have made a groundbreaking discovery at the City of David in Jerusalem’s Walls National Park. A massive moat discovered in the Givati Parking Lot excavations at the City of David in the Jerusalem Walls National Park at least nine meters deep and 30 meters wide, has been unearthed, solving a 150-year-old mystery: Who divided Jerusalem into two? This formidable fortification likely separated the upper city, home to the temple and palace, from the lower city, providing crucial protection.
Initially, the purpose of this rock carving was unclear, but further excavations… Read More Here
