Israel High Tech Scene Nov 28 – Dec 4

Business

New Startups / VC Funding
Israeli Cybersecurity Startup CyCognito Raises $100 Million
CyCognito, an Israeli cybersecurity startup, completed a $100 million Series C financing round led by The Westly Group. The new investment brings Cycognito’s total funding to sate to $153 million…Read More Here

Israeli Startup Frontegg Raises $25 Million
Frontegg, an Israeli startup that offers a modern user management platform for the Product-led era, brought in $25 million in a Series A funding round led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing seed investors Pitango First and Global Founders Capital. This investment, which brings Frontegg’s total funding to $30 million, will support the… Read More Here

Fintech Startup Anchor Rakes In $15 Million
Anchor, an Israeli fintech startup that offers an autonomous billing platform, has completed a $15 million seed-funding round, led by Rapyd Ventures, the new venture capital arm of Rapyd, Entrée Capital, a leading international venture capital firm that has invested in unicorns such as Monday.com and Riskified and Tal Ventures. Anchor says that it will use the funding to expand its team and extend its partnerships and marketing efforts… Read More Here

Sneaky Panda Raises $6 Million For Mobile Games
Sneaky Panda, an Israeli gaming startup behind that has created the new “Luck-Puzzler” genre, has raised $6 million in Seed funding to fulfill its mission to release its first title and launch an entirely new genre of mobile gaming. The round was led by BITKRAFT Ventures and included participation from Remagine Ventures, FireArc, Joakim Achren, and Eyal Chomski.

This company is so new its website is not even functional yet… Read More Here

IPOs and Unicorns
Fireblocks Raises $400 Million Now Has $8 Billion Valuation
Fireblocks, an Israeli fintech startup that specializes in cybersecurity, is now worth $8 billion. Talk about a unicorn! The valuation comes after Fireblocks brought in $400 million in a Series E round of funding.

The news comes after Fireblocks raised $133 million in Series C funding this past March. In July the company raised $310 million in… Read More Here

Israel’s Top 5 Unicorns For November
Israel Startup Nation is also Unicorn Nation. People are stunned! How, within only a decade, Israeli startups became world leaders in cyber. How is it that Israel was one of the first countries to understand the magnitude and significance of the cyber revolution? And how does it now dominate unicorns, with as many as the entire European Union?

Unicorns are startups valued at at least $1 billion. But being a… Read More Here

Israeli Unicorn Armis Hits $3.5 Billion Valuation
It’s official! Armis, an Israeli internet of things IoT company, is now a super unicorn with a $3.5 billion valuation. Armis hit this milestone after bringing in $300 million in new funding led by One Equity Partners. The news comes as Armis looks forward to holding its initial public offering IPO.

The new funding comes just nine months after Armis first hit… Read More Here

Approximately One-Third Of All Unicorn Startups Are Controlled By Israelis
Israel Startup Nation is also Unicorn Nation. People are stunned! How, within only a decade, Israeli startups became world leaders in cyber. How is it that Israel was one of the first countries to understand the magnitude and significance of the cyber revolution? And how does it now dominate unicorns, with as many as the entire European Union… Read More Here

Mergers and Acquisitions
Israel’s Global-E Buys Flow For $500 Million
Global-e, an Israeli fintech startup that offers a cross-border end-to-end platform for brands and retailers, is acquiring Flow Commerce Inc. (“Flow”), a technology based cross-border e-commerce software solution for emerging brands, for $500 million. The deal is for a base consideration of approximately $425 million and up to approximately $75 million in potential additional consideration based on certain financial results in 2021, plus approximately… Read More Here

Meta-Facebook Must Sell Giphy
Meta, the new parent company of Facebook’s, has been ordered to sell off its recent acquisition, Giphy, a website for making and sharing animated images, or GIFs. The order came from the U.K.’s competition and antitrust regulator.

The Competition and Markets Authority said the deal harms social media users and U.K. advertisers. Meta, of course, is planning on… Read More Here

Top 5 Israeli M&As In November
Israel Startup Nation is also exit nation. This is when a startup makes its exit through an IPO. It also does so through a buyout. And Israeli companies are so strong nowadays that often they are the ones doing the buying.

Schwarz Group, a German retail and cloud computing corporation, paid $700 million in November for the acquisition of Israeli cybersecurity firm XM Cyber. Tamir Pardo, the former Director of the Mossad, is the… Read More Here

Other Business Stories
Facebook, Twitter Win Reprieve In Federal Court
Meta’s Facebook and Instagram, as well as all other social media platforms such as Twitter, have just won a major victory in a Texas federal court. A judge there has struck down a state law that would have opened up such companies to huge lawsuits for banning individuals from their respective services.

At issue was a Texas state law that allowed an individual to sue a social media firm for damages should the company ban him from its service… Read More Here

Facebook – Meta Blocks Covid Origin Lies, Lets Kyle Rittenhouse Back On Service
Meta, the owner of Facebook and Instagram, has made two major moves. First, the company moved to block many accounts that it says have been spreading false information about the Covid virus. At the same time, a policy change is allowing Kyle Rittenhouse to once again be a user of both Facebook… Read More Here

Two Kosher Hotels Are Being Planned In Hollywood, FL. Near The Casino
The Wyndham Dolce Kosher House Hotel is located at 5530 S. State Road 7, Hollywood, FL. Just across the street of Wyndham’s Seminole Hard Rock Hotel & Casino, with a target opening in October 2022.

Another kosher hotel may be available near the Seminole Tribe of Florida Resort by 2024… Read More Here

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