Tel Aviv at sunset, Israel
Israel Tech Startups and Innovations: Weekly Roundup September 14 – 20 2024
New Startups / VC Funding
REE Automotive Partners with Motherson Group: Global Manufacturing Deal and $45.35M Strategic Investment
REE Automotive is an Israeli company that develops new tech for electric vehicles. REE priced a $35 million registered direct offering, led by M&G Investment, REE’s largest shareholder, who invested $20 million; Motherson, who invested $15 million in the round; and Varana Capital, one of REE’s earliest investors; who invested $5.25 million.
Motherson will oversee supply chain management… Read More Here
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Israeli Startup BeWith.io Launches Innovative Community Engagement Platform
BeWith.io is an Israeli startup focused on community engagement platforms. The firm raised $10 million in Seed financing from Boaz Amiti, Tal Ventures, Iron Nation, Unicorn Technologies, Ariel Maislos, and Yuval Bar Gil, alongside leading gov-tech industry entrepreneurs Zac Bookman, co-founder and CEO at OpenGov and Eyal Feder, co-founder and CEO at Zencity. BeWith says the funding will be used to expand the company’s reach in North America and to… Read More Here
Israeli Startup Intezer Revolutionizes Autonomous Security Operations
Intezer is an Israeli cybersecurity startup specializing in autonomous security operations using AI-powered technology. Their platform uses AI-powered analysis to automate alert triage, incident investigation, and threat hunting. This helps security teams save time, reduce false positives, and respond more effectively to… Read More Here
Payouts.com Secures $8M for Payment Management Platform
Israeli Fintech startup Payouts.com offers a payments and vendor management platform. The firm secured an additional $8 million in funding, bringing its Seed round total to $12.1 million. This fresh capital injection will fuel their development of a cutting-edge platform for streamlined payout and vendor management.
The round was led by NFX, a prominent… Read More Here
Israeli Food-Tech Startup Beyond Oil Revolutionizes Healthy Frying, Cuts Costs and Waste
Beyond Oil Ltd. is an Israeli food-tech innovator focused on improving fried food health and reducing operational costs, waste, and environmental impact. The company closed its non-brokered private placement issuing 1,345,697 shares on the Canadian Securities Exchange at a price of… Read More Here
H2OLL Launches Groundbreaking Water-from-Air System in Israel’s Negev Desert
H2OLL is an Israeli water tech firm that is pioneering desert water extraction technologies. And the place in Israel best to develop such new tech is of course the Negev Desert in the south of the country. It has taken a significant step towards dealing with one of the pressing challenges in the world: access to… Read More Here
Israeli Startup Pickommerce Revolutionizes Warehouse Automation
Israeli startup Pickommerce plans to upgrade warehouses with a robotic piece-picking solution. The firm raised $3.4 million in funding to develop its technology.
The future of logistics is automated. While robots have already taken over tasks like crate collection and package unloading, the final piece of… Read More Here
Cybord’s Visual Solution Ensures Component Quality and Traceability
Cybord is an Israeli startup that develops a visual AI solution ensuring electronic component quality, authenticity, and traceability. The firm raised $8.7 million in Series A funding led by Capri Ventures.
Founded in 2018 by CTO Eyal Weiss. Cybord’s software solutions monitor placements on SMT lines in real time and eliminates use of… Read More Here
Cherre’s Platform Revolutionizes Property Management
Cherre is an Israeli startup that offers a real estate data management and intelligence platform. The company raised $30 million in a Series C round of investment led by HighSage Ventures, a permanent capital-backed investment firm.
This funding allows Cherre to invest in… Read More Here
Mergers and Acquisitions
Playtika Acquires SuperPlay: $700M Cash Deal Unites Israeli Mobile Gaming Leaders
Playtika, the Israeli mobile gaming giant, will acquire fellow Israeli firm SuperPlay for $700 million in upfront cash, subject to customary working capital adjustments. The deal is expected to be funded using Playtika’s existing balance sheet cash.
In addition to the upfront payment, Playtika has agreed to pay up to $1.25 billion in contingent consideration if SuperPlay meets certain financial targets for the years 2025, 2026, and 2027. The specific earnout payments will… Read More Here
Other Business Stories
Israel’s August 2024 Inflation Rate Jumps 0.9%
The CPI (Consumer Price Index) in Israel increased 0.9% in August 2024 compared to July 2024. This constitutes a rate of almost 11%. It was 108.8 points compared to 107.8 points in the previous month (base: average 2022 = 100.0 points), reported Israel’s Central Bureau of Statistics.
This may have influenced… Read More Here
Science
Israeli Scientists Develop Early Parkinson’s Detection Method
Tel Aviv University researchers, in partnership with leading Israeli medical centers, have pioneered a groundbreaking method for early detection of Parkinson’s disease. By utilizing super-resolution microscopy and advanced computational analysis, the team has developed a technology capable of identifying protein aggregates, a hallmark of the disease, up to two decades before the onset of motor symptoms. This early detection breakthrough holds immense potential for facilitating timely treatment or even preventative measures against… Read More Here
