Assaf Rappaport CEO and Co Founder Wiz (Company Photo)
It seems that nothing can stop Israel Startup Nation, not even eight months of war against Hamas terrorists in Gaza. In the month of May alone, two Israeli firms, Wiz and Island Security, became super unicorns worth billions. And the money continued to flow into Israeli startups.
Here is the Jewish Business News list of the five biggest stories in Startup Nation Israel from the month of May, 2024.
Israel’s Wiz Makes Largest Ever Raise, Hits $12 Billion Valuation
Wiz, an Israeli unicorn that offers an API security platform, has now become the “superest” of unicorns, let’s say a “super-duper” unicorn, hitting a $12 billion valuation. That is more than the entire GDP of some nations. The valuation came with a raise of $1 billion led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital.
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The raise was the highest ever made by a privately held… read more here
Israel’s Island Security Hits $3 Billion Valuation
Island Security, an Israeli startup and a unicorn that created the Enterprise Browser, has now hit super-unicorn status, hitting a $3 billion valuation. The new status came after the firm completed a $175 million Series D round of financing led by new investor Coatue and existing investor Sequoia Capital. Island doubled its value in less than a year and has raised $487 million in outside investment to date.
Island Security was founded in September 2020 by serial entrepreneur CTO Dan Amiga, and CEO Michael Fey, who previously served as President… read more here
Oasis Security Raises $75 Million for Cybersecurity
Oasis Security, an Israeli startup that offers non-human identity management (NIM) solutions, raised a Series A Extension of $35 million, just three months after emerging from stealth. The round was co-led by existing investors Accel, Cyberstarts and Sequoia Capital, doubling the company’s Series A valuation. Oasis has raised a total of $75 million to date.
Non-human identity management (NIM) solutions are becoming increasingly important as the number of non-human identities, such as service accounts, API keys, tokens, and certificates, explodes in modern hybrid and…read more here
Israeli Startup Agora Raises $34 Million for Real Estate Platform
Agora, an Israeli startup offering new tech for real estate firms, raised $34 million in a Series B round of funding led by Israel-based growth fund Qumra Capital.
Founded in 2019 Bar Mor, CEO, Lior Dolinski, CPO and Noam Kahan, CTO who met in their army service in the Israeli Defense Forces Elite Unit 8200, Agora has built a software platform that manages data of investments and assets for the real estate industry.
So, you have your own real estate business. You rent out… read more here
Israeli Startup Firefly Raises $23 Million after Founder Murdered By Hamas On October 7
Israeli startup Firefly, which offers a Cloud Control Plane solution, lost one of its founders and CTO Sefi Genis when he was murdered at the Nova Festival massacre during the brutal Hamas terrorist attack of October 7, 2023. The firm just raised $23 million in a Series A round of funding.
Sefi Genis died a hero as he tried to stop the terrorists during the attack… read more here
