Tel Aviv at sunset, Israel
Israel High Tech Scene April 26 – May 2
New Startups / VC Funding
Lightrun Secures $70M Series B to Lead Developer Observability Market and Expand in Financial Sector
Israeli startup Lightrun, a leading platform in Developer Observability, has announced the closing of a $70 million Series B funding round, bringing its total funding to $110 million. The round was led by prominent investors Accel and Insight Partners, with additional participation from Citi, Glilot Capital, GTM Capital, and Sorenson Capital.
Founded in 2019 by CEO Ilan Peleg and CTO Leonid Blouvsh, Lightrun is the first complete continuous debugging and observability platform. Lightrun says that it allows developers to easily and securely add logs, performance metrics and traces to production and staging environments in real-time… Read More Here
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LayerX Secures Additional $11M in Series A Extension, Bringing Total Funding to $45M to Advance Secure Enterprise Browser Technology
LayerX, an Israeli startup and the leading provider of Secure Enterprise Browser Extension solutions, today announced it has raised an additional $11 million in an extension of its Series A funding round. This brings the company’s total funding to $45 million. The extension round was led by Jump Capital, with continued support from existing investors Glilot Capital Partners and Dell Technologies Capital.
LayerX’s browser security platform is designed to give enterprises real-time visibility and control over workforce web activity, helping to prevent data leaks, malicious access, and browser-based attacks. As demand for secure… Read More Here
Former WeWork CEO Adam Neumann Raises Over $100M for Flow at $2.5B Valuation
Former WeWork CEO Adam Neumann has successfully raised over $100 million for his proptech startup, Flow, in a new funding round that values the company at approximately $2.5 billion, according to a report by Bloomberg.
Sources familiar with the deal told Bloomberg that leading venture capital firm Andreessen Horowitz (a16z), an existing backer, participated in the latest round of financing. Andreessen Horowitz initially made headlines… Read More Here
Politics
Israel’s Population Tops 10 Million Ahead of 77th Independence Day
As Israel prepares to celebrate its 77th Independence Day, new figures released show the country’s population has surpassed 10 million for the first time, marking a major demographic milestone in the nation’s history.
The State of Israel was established at the moment of the end of the British Mandate, om May 15, 1948. However, the Jewish State celebrates its holidays according to the Hebrew calendar, a lunar calendar, and so its Independence Day falls on a different date on the solar calendar each year.
According to the latest data, Israel’s total population now stands at… Read More Here
Mergers and Acquisitions
Upwind Acquires Fellow Israeli Startup Nyx Security to Expand Leadership in Cloud Runtime Application Security
Israeli cloud security startup Upwind has announced its first acquisition with the purchase of fellow Israeli cybersecurity company Nyx Security, an embedded cybersecurity innovator. This strategic acquisition strengthens Upwind’s position as a next-generation leader in cloud runtime application security, combining advanced application behavior analysis with its robust cloud infrastructure protection platform.
The move marks a significant milestone in Upwind’s growth strategy, allowing the company to accelerate its expansion into the runtime security…. Read More Here
Other Business Stories
Israeli Unicorn Deel Countersues Rippling, Accuses Rival of Undermining HR Industry Integrity
The intensifying legal battle between global payroll and HR tech giants Deel and Rippling took a dramatic new turn on Friday, as Israeli unicorn Deel filed a lawsuit against Rippling, alleging a “pattern of behavior” that it claims threatens the integrity of the entire HR industry.
The countersuit comes in response to Rippling’s earlier legal action against Deel, in which Rippling accused the company of stealing trade secrets and poaching employees. Deel’s new filing not only denies these allegations but goes further, accusing Rippling of engaging in unfair business practices that harm… Read More Here
Culture
Unique 1,500-Year-Old Stone Capital Featuring Eight-Branched Lamp to Be Unveiled in Jerusalem
A one-of-a-kind stone capital, unlike any ever discovered worldwide, will be unveiled to the public for the first time during Israel’s Independence Day celebrations at the Jay and Jeanie Schottenstein National Campus for the Archaeology of Israel in Jerusalem. This remarkable artifact, carved from limestone and adorned with an eight-branched lamp, dates back over 1,500 years to the Byzantine period (6th–7th century CE).
The Israel Antiquities Authority (IAA) unearthed the rare capital in 2020 during excavations ahead of infrastructure development at Jerusalem’s new city entrance, a project funded by Netivei Israel – National Transport Infrastructure Company. Since its discovery, the artifact has been the subject of intensive…Read More Here
