Tel Aviv at sunset, Israel
Israel High Tech Scene September 7 – September 13
New Startups / VC Funding
Breakthrough Treatment for Degenerative Disc Disease: Israeli MedTech Startup Discure Technologies Innovates
Discure Technologies is an Israeli startup and a medical device company focused on developing innovative solutions for degenerative disc disease (DDD). Their flagship product, the Discure System, is a minimally invasive, implantable bioelectronic device designed to treat and potentially reverse the progression of DDD.
The Company secured $11 million in an oversubscribed Series A financing round, following a SAFE (Simple Agreement for Future Equity) raise of… Read More Here
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eBPF Observability Platform: Israeli Startup Odigos Revolutionizes Distributed Tracing
Odigos is an Israeli startup pioneering an eBPF-based observability platform that transforms distributed tracing. To that end, the company has raised $13 million in a funding round led by Venture Guides.
Distributed tracing is a method of monitoring and debugging distributed systems. In today’s complex, microservices-based architectures, understanding how requests flow through a system can be challenging due to the… Read More Here
AI-Powered Financial Fraud Detection: Israeli Startup Datricks Launches Advanced Compliance Platform
Datricks is an Israeli startup that offers a financial integrity platform that uses AI to help businesses identify and prevent financial fraud, anomalies, and compliance issues. It analyzes financial processes to understand business context and detect risks, providing finance leaders with a comprehensive overview of their organization’s financial health.
Datricks raised $15 million in a Series A funding round led by Team8’s venture capital arm. SAP, the global leader in enterprise resource planning … Read More Here
Ex-IDF Intelligence Experts Founded Zafran: Israeli Startup Offers Risk Mitigation Service
Zafran is an Israeli cybersecurity startup founded by Israeli military intelligence veterans that offers risk and mitigation services. The firm just raised another $40 million in a funding round led by Sequoia Capital’s growth fund, reported Calcalst. Zafran has now raised $70 million in total.
Founded in 2022 by Sanaz Yashar (CEO), Ben Seri (CTO) and Snir Havdala (CPO), Zafran emerged as the world’s first risk and mitigation platform to pinpoint the “exploitable” threats in the organization and to mitigate their risk… Read More Here
Quantum Source: Israeli Startup Pioneering Affordable Photonic Quantum Computers
Quantum Source is an Israeli startup developing, technology for powerful, cost-effective and practical photonic quantum computers. The firm raised $50 million in a Series A investment round led by Eclipse, bringing its total funding to date to $77 million.
Photonic quantum computers are a promising avenue of research that leverages the principles of quantum mechanics to perform calculations beyond the capabilities of classical computers. Unlike classical computers, which use… Read More Here
MNDL Bio: Israeli Startup Revolutionizes Synthetic Biology for Breakthrough Applications
New Israeli startup MNDL Bio is helping to unlock the full potential of engineered biology, also known as synthetic biology, paving the way for groundbreaking innovations across various fields by optimizing gene expression. The company has raised $2 million in seed funding to break into what it says is a $116 billion industry.
Precedence Research reported that the global synthetic biology market size was estimated at $16.35 billion in 2023 and is expected to… Read More Here
Politics
Gaza Hostage Tragedy: 6 Israelis Fought Captors Before Hamas Murders
Some of the six Israeli hostages who were murdered by their terrorist captors in Gaza last month tried to fight back before they were killed. This is what IDF (Israeli Defense Forces) Spokesman Daniel Hagari told members of their families, according to a report made by Israel’s Channel Twelve News.
“There is evidence that some of the abductees defended themselves or fought the terrorists,” Hagari reportedly…. Read More Here
Science/Culture
Breakthrough Cancer Immunotherapy Method Developed by Weizmann Institute Scientists
A groundbreaking new method developed at the Weizmann Institute has the potential to revolutionize cancer immunotherapy. This innovative approach significantly boosts the growth rate of immune cells that target cancer while preserving their crucial ability to destroy tumor cells.
Researchers from Prof. Benny Geiger’s laboratory in the Immunology and Regenerative Biology Department of the Weizmann Institute of Science have… Read More Here
Mergers and Acquisitions
Checkmarx: Israeli Cybersecurity Startup Valued at $2.5 Billion in Potential Deal
Checkmarx, an Israeli cyber security startup and a unicorn, might be up for sale. Calcalist reported that the American investment fund Hellman & Friedman, which acquired the firm four and a half years ago, is looking to sell. The asking price is said to be $2.5 billion, more than double the amount Checkmarx cost when it was bought for $1.2 billion in March 2020.
Founded in 2006, Checkmarx offers software security solutions for… Read More Here
Other Business Stories
Israeli VC Fundraising Plummets: $554M Raised in H1 2024, IVC-Gorntizky-KPMG Report Reveals
The IVC-Gornitzky-KPMG Investors Report for the first half of 2024 analyzes trends and activities in the Israeli venture capital market, including corporate venture capital funds, institutional investors, and foreign venture capital funds. It also examines the availability of capital for Israeli tech startups.
In H1/2024, just 10 Israeli VCs secured $554m for new funds. Two large VCs accounted for 73% of the total, raising $200m each: Red Dot Capital Partners and… Read More Here
Ashdod Port Sting: Undercover Agent’s 4-Year Operation Leads to Dozens of Arrests
Ashdod Port Sting: After what the Israel Police called the longest operation of an undercover agent in its history, its officers arrested dozens of workers at the port of Ashdod, including senior officials, on a variety of charges related to corruption.
The undercover detective was code named “Jack Sparrow” as in the pirate played by Johnny Depp in the movie “Pirates of the Caribbean.” Interestingly, Johnny Depp also played an FBI agent who worked undercover for many years… Read More Here
