Israel Tech Startups and Innovations: Weekly Roundup November 30 – December 6 2024
New Startups / VC Funding
Former Israeli NBA Star Omri Casspi Secures $60 Million for Swish Ventures’ Second Seed Investment Fund
Swish Ventures, an investment fund founded by legendary Israel basketball player Omri Caspi, who once captained Israel’s national basketball team and also played in the NBA, has secured $60 million in commitments from a diverse group of investors, including Sequoia Capital, Israeli and American institutional investors, and over 25 experienced… Read More Here
Israeli Innovation Dominates: Tel Aviv Startups Featured in TIME’s Top 200 Inventions of 2024
Israel Startup Nation’s innovative spirit shines through as four Tel Aviv startups are named to TIME Magazine’s 200 Best Inventions of 2024. With a total of nine Israeli companies on the list, the nation solidifies its position as a global innovation powerhouse.
These Tel Aviv-based companies are at the forefront of technological innovation and sustainability. Their groundbreaking work reflects… Read More Here
Israel’s Upwind Security: Real-Time Cloud Infrastructure Protection for Modern Enterprises
Upwind Security is an Israeli startup that develops a security platform that protects cloud infrastructure in real time. The first raised $100 million in a Series A round of funding led by Craft Ventures. Upwind has now raised a total of $180 million to date and with this raise the company tripled its valuation to $900 million.
Upwind seeks to streamline the overwhelming volume of… Read More Here
Israeli Healthtech Startup Droxi Simplifies Doctor’s Administrative Tasks with Cutting-Edge Platform
Droxi is an Israeli startup that offers a software platform to help doctors manage administrative burdens. The firm raised $21 million in a Series A funding round led by the American investment fund Drive Capital. Droxi has now raised $25 million to date.
In today’s overwhelmed healthcare system, clinicians … Read More Here
FireDome: Israeli Startup Adapts Iron Dome Technology to Combat Devastating Forest Fires
FireDome is a new Israeli startup that uses technology similar to Israel’s world-renowned Iron Dome missile defense system to fight forest fires. To that end, the firm completed a $3 million pre-seed round led by climate-tech investors including U.S.-based Third Sphere and Israel’s Gravity. FireDome also previously received a $1.5 million grant from the Israeli Innovation… Read More Here
Israel’s D-Fend Solutions Raises $31 Million to Expand Cyber Drone Defense Technology Market
D-Fend Solutions is an Israeli startup that offers counter-drone technology. The firm has raised $31 million in funding led by Israel Growth Partners. Anti-drone tech is important these days, especially in Israel which has been under attack by drones launched by Hezbollah terrorists based in Lebanon. Drones are harder to detect and shoot down than missiles and, as has been evidenced… Read More Here
Israeli Startup Bananaz Launches Innovative Platform to Transform Design Workflow
Bananaz is an Israeli startup that offers a platform that it boasts “redefines” design change management for R&D and engineering teams. The firm exited from stealth mode backed by $5.3 million in seed funding from leading investors, 10D and Cardumen Capital.
Founded in 2023, bananaz revolutionizes engineering workflows with AI and computer vision. By automating tasks like drawing comparison and real-time collaboration, the platform empowers teams to increase efficiency… Read More Here
Clean Energy Management Platform | Israeli Startup enSights Transforms Sustainable Business Solutions
enSights is an Israeli startup that offers a clean energy optimization and management platform. The firm raised $10 million in a Series A funding round co-led by venture capital firms JAL Ventures and XT VC. With over 6,000 clean energy assets managed on its platform, enSights aims to capitalize on the growing demand for clean energy optimization software, projected to increase… Read More Here
Mergers and Acquisitions
Israeli Unicorn Capitolis Purchases Capitalab for $46 Million to Strengthen Rates Portfolio Optimization Technology
Capitolis, an Israeli fintech startup and a unicorn, Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, from BGC Group for a purchase amount of $46 million. Rates Portfolio Compression and Margin Optimization are strategies employed by financial institutions to reduce the complexity and cost of their interest rate derivative portfolios.
Capitolis’ acquisition of Capitalab is a game… Read More Here
Israeli Startup Nation Highlights: Top 5 Breakthrough Unicorn Companies This Month
As the Iron Swords War against Hamas terrorists in Gaza is well into its second year and more than 100 Israelis are still held hostage there, Israel Startup Nation must continue to move forward and keep the Israeli economy afloat.
After a sharp decline in the days after the October 7 Hamas massacre, the New Israel Shekel rebounded and has been stable – trading around the… Read More Here
Archeology/History
Ancient Agricultural Techniques Meet Modern Solutions: Bar-Ilan University Tackles Water Scarcity and Food Insecurity
A new study conducted by Bar-Ilan University and the Israel Antiquities Authority suggests that ancient water-harvesting and soil-enrichment techniques from the early Islamic period could provide sustainable solutions for modern-day challenges.
The study suggests that ancient water-harvesting and soil-enrichment techniques could provide sustainable solutions for modern-day water scarcity and food security challenges. By examining historical sunken groundwater… Read More Here
Science
Groundbreaking Research: Tel Aviv University Reveals How Smartphones Can Predict Wildfires and Extreme Weather
In a groundbreaking study, Tel Aviv University researchers propose harnessing the power of smartphones to gather weather data and improve early warning systems for extreme weather, including wildfires.
Smartphones, ubiquitous devices teeming with micro-sensors, collect a wealth of environmental data in real time. While this data is… Read More Here
Ancient Agricultural Techniques Meet Modern Solutions: Bar-Ilan University Tackles Water Scarcity and Food Insecurity
A new study conducted by Bar-Ilan University and the Israel Antiquities Authority suggests that ancient water-harvesting and soil-enrichment techniques from the early Islamic period could provide sustainable solutions for modern-day challenges.
The study suggests that ancient water-harvesting and soil-enrichment… Read More Here
