Israel High Tech Scene June 4 – June 10

Tel Aviv

Tel Aviv at sunset, Israel Startup Israel

New Startups / VC Funding
Israeli Startup Vayyar Imaging Raises $108 Million For Automotive Radar Tech
Vayyar Imaging, an Israeli startup that develops 4D imaging radar and 3D radio wave imaging sensors that can see inside objects, raised $108 million in a Series E round of financing led by Koch Disruptive Technologies (KDT). This latest round of fundraising brought Vayyar’s total investment to date to over $300 million.

Vayyar Imaging was co-founded in 2011 by CEO, and Chairman Raviv Melamed, and former vice president of the wireless division at Intel Israel … Read More Here

Israel’s Rapyd Enlists Bill ‘Captain Kirk’ Shatner To Send People Into Space
If you are a developer and want a chance to go into space, Rapyd, an Israeli fintech startup and the most valuable unicorn in history, is giving you the chance. The company has started a new program in which lucky people will be selected to go up into space. Its Hack the Galaxy challenge will offer a series of virtual challenges for developers who could win tickets for free space rides.

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The new challenge had none other than Captain Kirk himself, William Shatner promote its launch. Contestants need to join a Rapyd developer community and solve a challenge to win .… Read More Here

The Drop In Investments In Israeli Startups Is Not Severe As On Nasdaq
A preliminary report released by IVC-LeumiTech on investment in Israeli startups during the first half of 2022 found that the situation is more moderate than the downward correction on Nasdaq.

The most notable trend since the summer of 2021 has been a decline in the number of first investments from new investors in startup funding rounds in advanced growth stages, Series B and Series C and later. Here, the pattern has been a steady recovery to the initial investment levels observed at the beginning of 2020, before the COVID pandemic’s onset …Read More Here

Israeli StarRemilk Wins FDA Approval For Alternative Dairy
The US Food and Drug Administration (FDA) has granted Remilk GRAS (generally recognized as safe) accreditation.

Remilk is the first Israeli firm in the alternative dairy market to receive FDA certification for the production of dairy-identical milk proteins derived from plant-based sources … Read More Here

IPOs and Unicorns
Perimeter 81 Latest Israeli Unicorn
Perimeter 81, an Israeli cyber security startup, has raised $100 million in a Series C round of funding led by B Capital, bringing the company’s total valuation up to $1 billion and making it Israel Startup Nation’s latest unicorn.

Former U.S. Treasury Secretary Steven Mnuchin and former US Ambassador to Israel David Friedman invested in the company through their Liberty Strategic VC firm. Perimeter 81 offers firewall products with a unified zero-trust network as a service …. Read More Here

Mergers and Acquisitions
Strattic WordPress Security Acquired By Elementor
Strattic, an Israeli startup that offers services for users of the popular open source web developing program WordPress, has been acquired by fellow Israeli company Elementor, which offers an open-source platform for web creators. The purchase price was not disclosed.

The news comes just a few months after … Read More Here

Israeli Billionaire Aaron Frenkel To Acquire Tamar Gas Field Stake
Israeli billionaire Aaron Frenkel intends to exercise his option to purchase an 11% stake in the Tamar natural gas field from Mubadala Petroleum for $485 million (NIS 1.62 billion) by September 13. Sources close to the deal told Globes

Aaron Frenkel is Loyd’s Group’s owner, which has reportedly invested over $35 billion over the past 25 years. The company invests in the high-tech, real estate, energy, civil aviation, and aerospace industries …Read More Here

Other Business Stories
Israeli Guy Rosen Is Meta’s New Chief Security Officer
Guy Rosen, a one time Israeli entrepreneur who already works for Meta, has been named the company’s new and first ever chief information security officer (CISO). Rosen has been with Facebook – now Meta – since he made his own exit after his startup sold out to the company.

So, a week after Sheryl Sandberg announced her departure from Meta …Read More Here

Supermodel Bar Refaeli’s Father-In-Law Suspected Of Smuggling $500,000
David “Dudi” Ezra, who is the father-in-law of Israeli supermodel Bar Refaeli, was arrested on suspicion of smuggling more than 475,000 euros ($508,118) in cash out of the country. He was given a conditional release on Monday.

Ezra, 72, the head of food giant Neto Group, was headed for Greece … Read More Here

Israelis Sue ‘Top Gun: Maverick’ Makers Over Copyright Infringement
While the new Tom Cruise movie “Top Gun: Maverick” –sequel to the 1986 hit Top Gun – is raking in the big bucks at the box office, there are several Israelis who are not so happy with the film’s success. The family of the Israeli man whose magazine article was the basis for the original Top Gun movie is suing the filmmakers saying that they hold the copyright to the original story and should have been compensated for its use in a new film … Read More Here

IDF Acquiring New Combat Vehicle Systems From IAI
Israel’s Ministry of Defense will acquire entirely new combat vehicles from Israel’s Israel Aerospace Industries (IAI) for the use of Israel Defense Forces (IDF) Special Units. This is all part of the “Negeva” Combat Vehicle Project.

A ceremony was held at the IAI’s Land Division production line … Read More Here

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