Israel is not known as Startup Nation for nothing. The month of March saw the money rolling in as investments in new high-tech firms continued.
The biggest stories in March dealt with unicorns.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Island, an Israeli startup, a unicorn, and a leading Enterprise Browser company, has successfully raised $250 million in its Series E funding round, propelling its valuation to $4.8 billion in less than five years since its founding in 2020… read more here
Pentera, the Israeli cybersecurity unicorn formerly known as Pcysys, has raised $60 million in a Series D funding round led by Evolution Equity Partners, with additional backing from Farallon Capital Management. This latest investment brings Pentera’s total funding to $250 million, reinforcing its dominance in Automated Security Validation—a cutting-edge approach to penetration testing and enterprise vulnerability… read more here
And, of course, Israeli startups continue to lead the way in cybersecurity and defense tech.
Cybereason, an Israeli startup and a leader in Endpoint Detection and Response (EDR) technology, has raised an additional $120 million from key investors, including SoftBank Corp., SoftBank Vision Fund 2, and Liberty Capital. Existing investors will also have the opportunity to participate in this funding round.
This investment underscores strong investor confidence in Cybereason’s cutting-edge cybersecurity solutions and its… read more here
Israeli defense technology startup Kela has successfully raised $39 million in total funding, strengthening its mission to modernize military systems with cutting-edge commercial technology. The funding includes an $11 million Seed round led by Sequoia and a $28 million Series A round spearheaded by Lux Capital.
Founded in July 2024, Kela has developed an open military technology platform that enables Western defense forces to seamlessly integrate… read more here
Roi Tiger, a former Meta engineering executive and Israeli tech entrepreneur, is securing $55 million in funding for his stealth-mode cybersecurity startup. According to Business Insider and The Information, the latest round values the company at $400 million, with Greenoaks leading the investment.
This funding follows a $20 million Seed round raised just weeks ago from top-tier investors, including Sequoia, Index Ventures, and Cyberstarts—the same firms that… read more here
Israel is also a hub for medical innovation, both in research and new firms.
Navina, an Israeli medtech startup that offers a clinical platform for primary care, has successfully closed a $55 million Series C funding round, bringing its total funding to $100 million. The round was led by Growth Equity at Goldman Sachs Alternatives, with continued support from Vertex Ventures Israel, Grove Ventures, and ALIVE.
This strategic investment will accelerate Navina’s expansion across the U.S. healthcare market, enhance its proprietary AI technology, and improve… read more here
Freed, an Israeli startup offering an AI-powered clinician assistant designed to streamline medical documentation and reduce administrative burdens, has raised $30 million in a Series A funding round. Led by Sequoia Capital. This latest investment brings Freed’s total funding to $34 million, solidifying its position as one of the fastest-growing health-tech startups in the U.S. With its advanced AI capabilities, Freed aims to enhance efficiency for healthcare… read more here
There were other companies too…
Grain, a leading Israeli fintech startup specializing in foreign exchange (FX) optimization, has raised $33 million in a Series A funding round led by Bain Capital Ventures. This latest investment brings Grain’s total funding to over $50 million, reinforcing its position as a key player in automated FX risk management.
The Series A round follows an $18 million Seed round raised in 2022, which was only recently disclosed. The funding highlights… read more here
Bria, an Israeli startup specializing in enterprise visual generative AI, has secured $40 million in Series B funding, bringing its total capital raised to $65 million. The funding round was led by Red Dot Capital, with participation from Maor Investment, Entrée Capital, GFT Ventures, Intel Capital, and In-Venture.
Bria’s cutting-edge AI platform is built on 100% licensed data, offering enterprises a risk-free solution for creating on-brand, AI-generated visual… read more here
Unfortunately, there was also some bad news for Israel Startup Nation.
The downtrend in venture capital (VC) fundraising for Israel Startup Nation continues, reaching its lowest point in a decade, with just $1.15 billion raised across 21 funds in 2024. According to the latest IVC – GNY – KPMG Investors Report, the Israeli tech ecosystem is experiencing a significant slowdown in capital flow, affecting startups and investment activity.
The report provides an in-depth analysis of fundraising and investment trends by Israeli VC funds, the availability of Dry Powder… read more here
