Tel Aviv at sunset, Israel
New Startups / VC Funding
OSSIO Raises $38.5 Million For New Orthopedic Med Tech
Ossio, an Israeli medtech startup that develops orthopedic fixation technology announced today that it closed a $38.5 million Series C financing round led by Growth equity firm MVM Partners. In other good news for Ossio, the company its OSSIOfiber Compression Screw Portfolio has received 510(k) market clearance from the U.S. Food and Drug Administration (FDA) for maintenance of alignment and fixation of bone fractures, comminuted fractures, fragments, osteotomies, arthrodesis and bone grafts of the upper extremity, fibula, knee… Read More Here
Shipin Systems Raises $24 Million For Shipping Systems
ShipIn Systems, an Israeli startup that uses artificial intelligence (AI) to help shipping companies better manage their operations, raised $24 million in a Series A funding round led by Zeev Ventures.
Founded in 2018, ShipIn Systems boasts that it is the world’s first FleetVision™ Platform, enabling “seamless ship-to-shore collaboration” for maritime fleets. By deploying AI-powered cameras and real-time visual analytics, ShipIn’s platform proactively alerts ship owners, managers, and seafarers to onboard… Read More Here
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IronVest Emerges From Stealth With $23 Million
IronVest, an Israeli security startup offering biometric, account-access security that protects personal accounts and personal data from fraud, emerged from stealth mode with a $23 million seed funding round led by Accomplice.
Founded in 2022 by Avi Turgeman, IronVest declares that it is on a mission to empower consumers and employees to seamlessly protect their online accounts and identity as they navigate and transact in the digital world. The IronVest security and privacy platform and digital wallet, boasts the company, combine decentralized, face-biometric fraud prevention technology and… Read More Here
SecuriThings Raises $21 Million To Automate Management Of Enterprise Physical Security Devices
SecuriThings, an Israeli startup that provides real-time visibility, protection and predictive maintenance capabilities for IoT devices, raised a $21 million Series B funding round led by U.S. Venture Partners (USVP) and participation from Swisscom Ventures. This brings the company’s total investment to $39 million to date.
The company boasts that its SecuriThings Horizon is the first software-only solution to automate the operational management of large-scale IoT deployments…. Read More Here
Continue AI Raises $5.7 Million In Seed Funding
Continue AI, an Israeli startup that offers a sustainability intelligence platform, raised $5.7 million in seed funding led by Grove Ventures and Maple Capital, with participation from Ride Ventures, Liquid2, and Kindergarten Ventures. Through the use of proprietary artificial intelligence, Continue AI boasts that the company is building the “largest sustainability database” in the world to help the world’s leading companies reach their sustainability goals using actionable insights and action plans.
Founded in 2021 by Beeri Amiel, Alon Arad, Continue AI’s platform utilizes artificial intelligence to synthesize millions of data points to enable corporations to build roadmaps and provide recommended actions to empower them to make data-driven decisions to achieve their goals. With Continue AI’s guidance, large corporations can improve resilience to environmental and social changes… Read More Here
IPOs and Unicorns
Intel Drops Mobileye IPO Expectations To Under $20 Billion
Mobileye, the Israeli company that develops autonomous driving and driver-assist technologies and is owned by Intel, has once again been forced to lower its valuation expectations for the company’s upcoming Initial Public Offering (IPO). The expected valuation has now dropped down to just $16 billion, from a $30 billion expectation just a few weeks ago. The new figure was provided by the company in a regulatory filing for the IPO that it made with the SEC.
According to a report made by The Wall Street Journal, in its filing for the Mobileye IPO Intel plans to offer 41 million shares of common stock priced… Read More Here
Mergers and Acquisitions
Avraham Kadar Sells BrainPOP To Lego For $875 Million
Kirkbi A/S, the family-owned holding and investment company of the LEGO brand, has acquired 100% of BrainPOP, an educational technology business. BrainPOP was founded in 1999 by Dr. Avraham Kadar as a creative way to explain difficult concepts to his young patients.
BrainPOP is an online educational solution that makes rigorous learning experiences accessible and engaging for all students. Today, schools and districts utilize BrainPOP to raise academic achievement and strengthen students’ critical, computational, and creative thinking skills. BrainPOP has been…. Read More Here
Palo Alto Networks Not Buying Apiiro After All
Negotiations for the acquisition of apiiro, an Israeli startup that boasts that it is the industry’s first Code Risk Platform™ in the area of DevSecOps, by Palo Alto Networks have broken down. Calcalist reported that differences regarding Apiiro’s valuation were the reason.
Instead of selling out, apiiro is said to now be looking for more new investments. Just a few weeks ago the company raised $35 million in funding from Ted Schlein, General Partner at Kleiner Parkins, and Saam Motamedi and Asheem Chandna… Read More Here
Other Business Stories
Israeli Scientists Study Which Plants Can Grow On The Moon
Israeli scientists from the Ben-Gurion University (BGU) in the Negev have been researching whether or not plants can grow in a barren landscape such as the surface of the moon, and, if so, what types of plants? The BGU scientists together with the Lunaria One consortium are looking for the answers to these questions and more.
Someday there may very well be a moon base or a lunar colony. The base might have everything needed from the Earth to grow all manner of plants… Read More Here
New Israeli Study Shows Stress Reduction Aids Cancer Treatment
A new study conducted at Tel Aviv University has determined that use of the Inquiry Based Stress Reduction IBSR technique among women with increased risk of breast cancer (carriers of BRCA1/BRCA2 genes) can be very helpful in coping with stressful events, enhance emotional and psychological well-being, improve quality of sleep, and assist in decision making.
The study included 100 young women, carriers of BRCA1/BRCA2 genes, at increased risk of breast/ovarian cancer. It was led by Dr. Shahar Lev-Ari… Read More Here
