Israel High Tech Scene July 27 – August 2

Tel Aviv at sunset, Israel Startup Israel

Israel High Tech Scene July 27 – August 2

New Startups / VC Funding
Trivago Invests $10 Million in Israeli Travel Startup Holisto
Israeli hotel booking platform Holisto, a startup, secured a $10 million investment from travel giant Trivago. Holisto specializes in price aggregation and dynamic booking technology.

trivago N.V. offers a hotel and accommodation search platform. The firm boasts that its platform allows travelers to make “informed decisions by personalizing their search for hotels and providing them with access to a deep supply of relevant information and prices”. The search can be accessed globally via 53 localized… Read More Here

Israeli Cannabis Startup MedicannX Advances Medical Marijuana Research and Development
Israeli medical cannabis startup MedicannX uses an aeroponic cultivation method for growing medical cannabis. To that end, the company raised $19 million in funding from Darwin Real Estate and Investments.

Aeroponics is a cutting-edge method of cultivating plants without soil. Instead, the plant’s roots are suspended in the air and nourished by a nutrient-rich… Read More Here

Israeli Startup Monto Streamlines B2B Payments: Integrates with All Enterprise AP Portals
Monto is an Israeli startup that offers what the firm calls the “first-of-its-kind” AI connector designed for any ERP – Enterprise Resource Planning. The firm exited stealth with $9 million in seed funding to “bring order to B2B payments collection chaos.” Monto enables B2B finance teams to “seamlessly get paid from any AP portal used by their enterprise customers.” The company also announced the opening of a U.S. office in New York City.

ERP is a software system that integrates and manages a company’s core business processes. Think of it as the central nervous system of a business, handling everything from finance and accounting to human resources, supply chain… Read More Here

Israeli Startup Faye Revolutionizes Travel Insurance with Comprehensive Coverage
Faye is an Israeli travel insurance startup. Faye’s insurance app offers comprehensive coverage for travelers, including air travel protection, hotel accommodations, health concerns (including pre-existing conditions), luggage, and even pets. The company raised $31 million in Series B funding, bringing the company’s total funding to $49 million to date.

Founded in 2019 by CEO Elad Schaffer, his second venture, and Daniel Green, the CTO. The company has set ambitious growth targets… Read More Here

Israeli Startup Clutch Security Launches Innovative Non-Human Identity Protection Platform
Clutch Security is a new Israeli cybersecurity startup that offers a new Universal Non-Human Identity (NHI) Security platform. The company raised $8.5 million in a Seed funding round led by Lightspeed Venture Partners. Clutch declares its mission is to deliver end-to-end NHI security and proactively bridge NHI security gaps across the entire organizational landscape, without affecting business velocity.

The explosive growth of Non-Human Identities… Read More Here

Mergers and Acquisitions
Outbrain Acquires Competitor Teads: Israeli Tech Giant’s $1 Billion Deal Shakes Ad Industry
Outbrain Inc., an Israeli startup that offers content recommendations to businesses, is set to acquire its American competitor Teads. Outbrain will acquire Teads in an approximately $1 billion transaction, consisting of $725 million upfront cash and $25 million deferred cash, 35 million shares of common stock of Outbrain, and $105 million of convertible preferred… Read More Here

Other Business Stories
Israeli Tech Sector Rebounds in 2024: Key Findings from IVC Industry Report
IVC, an Israeli organization that calls itself “Israel’s tech ecosystem’s premier data source,” released its “Israel Tech Review Q2/2024.” The results are to be expected. After a sharp decline in Israel’s high-tech sector – including new foreign investments – caused by the October 7 Hamas terrorist massacre followed by the Iron Swords War in Gaza against Hamas Israel Startup Nation saw a rebound in the first half of 2024.

The IVC Israeli Tech Review offers… Read More Here

Politics
Hamas Leader Muhammad Deif Killed: IDF Confirms Elimination
The Israel Defense Forces (IDF) confirmed Thursday morning that Hamas terrorist leader Muhammad Deif was killed almost three weeks ago in an air strike. Since the attack that killed Deif there had been conflicting reports as to whether or not he survived it.

The IDF stated that in a joint operation with Israel’s anti-terror service the Shin Bet (General Security Service, on July 13, 2024, Israel Air Force fighter jets attacked an area in Khan Yunis in Gaza where Muhammad Deif was located… Read More Here

Archeology/History
Jerusalem’s Ancient Defenses: 150-Year Quest Reveals Royal Fortress in City of David
Archaeologists in Israel have unearthed the largest Second Temple-era quarry ever discovered in Jerusalem’s Har Hotzvim Hi-Tech Park – located in the northwest part of the city. This remarkable find offers a rare glimpse into the city at its zenith, just before its destruction by the Romans in 70 CE.

The quarry yielded two stone vessels, objects that are ritually pure according to Jewish law. Such discoveries are indicative of a Jewish population. These significant artifacts… Read More Here

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… Read More Here