Israel High Tech Scene January 9 – 15

Business
Tel Aviv

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding
Viral Or Bacterial Infection Company MeMed Raises $93 Million
Israeli biotech company MeMed, which developed a diagnostic device that distinguishes between viral or bacterial infections within 15 minutes, announced today (Monday) a $93 million round of funding.

The current round brings the total funding the company has received to about $220 million, including government grants from the United States and the European Union… Read More Here

Israel’s Quris Raises $28 Million For Medications Development
Quris, an Israeli startup that uses artificial intelligence (AI) for a pharmaceutical development platform, arena, has completed a $28 million round in seed funding led by Welltech Ventures. This sum includes an initial $9 million in funds raised late last year. At that time Quris launched its BioAI platform for clinical predictions.

Under the scientific leadership of experts like… Read More Here

Israeli AI Startup Second Nature Raises $12.5 Million
Second Nature, the Israeli artificial intelligence AI startup that offers sales coaching solutions, has announced the company’s launch. Second Nature held it’s coming out as the company raised $12.5 million in a Series A round of investment led by signals Venture Capital, StageOne Ventures, Cardumen Capital, and Zoom Video Communications, Inc. via the Zoom Apps Fund. As of today, Second Nature has raised a total of at $15.5 million in capital to date… Read More Here

Israeli Artificial Intelligence Communications Startup Raises $15 Million
Israeli startup Shield, which uses an artificial intelligence AI based platform for aiding compliance teams, has closed a $15 million Series A funding round led by Macquarie Capital and OurCrowd with significant participation from Mindset Ventures.

This makes Shield the fifth Israeli startup that works with artificial intelligence AI to hold a big fundraise so far this month, and the… Read More Here

IPOs and Unicorns

Placer.Ai Joins The Israeli Unicorn Club With A $1.2 Billion Valuation
The Israeli unicorn club now includes Placer.ai, a startup that offers retailers location analytics and foot traffic data. Placer.ai hit unicorn status Wednesday with the completion of a $100 million Series C financing round that gave it a company valuation of $1 billion.

Placer.ai is the fourth Israeli startup to join the Israeli unicorn club so far in 2022 and the year is only 12 days old… Read More Here

BigPanda Joins The Israeli Unicorn Club With A $1.2 Billion Valuation
Israeli unicorn club welcomes its new member. BigPanda, the developer of an AIOps event correlation and automation platform, has raised $190 million at a valuation of $1.2 billion.

BigPanda is the third startup to join the Israeli unicorn club in the first days of January 2022… Read More Here

Pentera Becomes Israel’s Latest Cyber Unicorn
Israeli startup Pentera, previously Pcysys, which creates an automated penetration-testing platform for assessing and mitigating enterprise cybersecurity vulnerabilities, announced on Tuesday the closing of a $150 million Series C round at a $1 billion valuation.

K1 Investment Management led the round, which also included Evolution Equity Partners and Insight Partners. Existing investors… Read More Here

Other Business Stories
Japanese Investments In Israel Hits Record $2.9 Billion
Investments from Japan in Israeli firms hit a record $2.9 billion in 2021. This was also a record leap from the previous year. The increase in investment from 2020 was 190%, but this is obviously due to the Covid shutdowns of 2020. The information comes from a study that was compiled by Harel-Hertz Investments House… Read More Here

Intel Incorporating Israeli Tech In New Products
Intel revealed that it will be integrating two forms of Israeli developed tech into it new offerings: Screenovate’s cross-platform communication platform will be incorporated into its Evo PCs and the Core i9 12900HK 12th generation mobile processor for laptops will also be used by Intel. This was revealed at the CES conference held last month in Las Vegas… Read More Here

Bank Of Israel Gives Green Light To Israel’s First Digital Bank
One Zero Digital Bank Ltd. is now officially and legally a bank in Israel. The Governor of the Bank of Israel BOI and the Supervisor of Banks have notified One Zero of the Governor’s approval to remove the restrictions from the bank’s license.

This is the first time in 43 years that a new bank was established in Israel. The decision was made after the bank completed the process of meeting the milestones set for it, and after the Supervisor’s certification of the completion… Read More Here

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