Israel Tech Startups and Innovations: Weekly Roundup October 12 – October 25, 2024
New Startups / VC Funding
Israeli Cloud Security Startup Stream.Security Raises $30 Million Series B to Expand Detection and Response Platform
Stream.Security, formerly known as Lightlytics, is an Israeli startup that offers a SaaS platform that helps organizations of all sizes deploy configurations from plan to cloud. The firm raised $30 million in a Series B funding rounds led by U.S. Venture Partners, with participation from Citi Ventures, Energy Impact Partners (EIP), Cervin Ventures, TLV Partners, and Glilot Capital Partners. The raise brings… Read More Here
Israeli AI Health Startup OneStep Launches Digital Care Platform for Precision Medicine
OneStep is an Israeli medtech startup that offers an AI-powered Digital Care Platform to offer “proactive & precise” medical care. The firm raised $36 million in a Series B funding round led by venture capital firms Team8 and Vintage Investment Partners, with participation from existing investors Aleph, 10D, and LionBird. OneStep has now raised $48 million to date.
Founded in late 2019 by CEO Tomer Shussman, Chief Scientific Officer… Read More Here
Israeli Construction Tech Startup BiltOn Offers Digital Site Management Software Platform
BiltOn, formerly called Beti, is an Israeli startup founded by former IDF special forces soldiers that offers construction site management software specializing in safety, labor management and quality assurance solutions. The firm raised $15 million in a Series B funding round, led by PSG Equity, a growth equity firm specializing in software and technology-enabled services, with additional participation from Titan Capital and 97212 Ventures.
As part of this funding, Jeff Wilpon, founding… Read More Here
Founded by Israeli brothers Obligo’s Fintech Platform Eliminates Security Deposits, Revolutionizing Landlord-Tenant Relationships
Obligo is an Israeli fintech startup that “builds trust” between renters and landlords through its suite of flexible security deposit solutions. In this way, both sides get a measure of security when it comes to paying and collecting rents and security deposits. The firm raised $35 million in a Series C funding round co-led by True Global Ventures and 83North.
Founded in 2018 by brothers Roey Dor and Omri… Read More Here
One Zero Bank Secures $100M Investment, Valuation Reaches $450M for Israeli Digital Banking Leader
One Zero, previously called The First Digital Bank, was established by Israeli businessman Amnon Shashua. It is Israel’s first digital bank. US-headquartered One Zero is gearing up for another fundraising round. Soon, representatives of the digital bank will meet with shareholders to raise $100 million. The valuation for this round will be determined during meetings with shareholders likely to contribute. Reports suggest the bank is… Read More Here
Former SodaStream CEO Danile Birnbaum Offers $100,000 Reward for Return of Israeli Hostages
Daniel Birnbaum, the ex-CEO of SodaStream, released a video statement offering a $100,000 reward for the safe return of any living hostages held in Gaza by Hamas terrorists to Israel. The message was presented in English and accompanied by Arabic subtitles. Birnbaum made the move after new hopes for the hostages’ release were stirred after the leader of the Hamas terrorist organization in Gaza Yahya Sinwar – who also masterminded the brutal October 7 terrorist… Read More Here
Israeli Startup Lidwave Develops Revolutionary 4D LiDAR-on-Chip Sensors
Lidwave is an Israeli startup that develops 4D-LiDAR-on-chip sensors. The firm raised $10 million Seed funding round led by Jumpspeed Ventures and Next Gear Ventures.
LiDAR (Light Detection and Ranging) is a remote sensing method that uses light to measure distance, shape, and motion of objects. It works by emitting laser pulses and measuring the time it takes for the pulses to return…Read More Here
Ubeya: Israeli Startup Revolutionizes Temp Staffing with AI-Powered Management Platform
Ubeya is an Israeli startup that offers a temporary workforce management platform. The firm raised $10 million in a funding round led by U.S. fund EGP (Equipment Grants Program). EPG is an American government program that provides eligible institutions with an opportunity to acquire one major piece of equipment/instrument that supports their fundamental and/or applied research goals and may be too costly and/or not appropriate for support… Read More Here
Israeli Startup Port Launches All-in-One Infrastructure Management Portal for Engineering Teams
Port is an Israeli startup that offers a portal for engineering teams where they can access, check, review, understand and modify all their infrastructure resources and components. The firm raised $35 million in a Series B round of funding led by Accel, with participation from Bessemer Venture Partners and existing investors. Port has now raised a total of $58 million to date.
Founded in 2022 by CEO Zohar Einy and CTO Yonatan Boguslavski… Read More Here
Israeli Startup Monogoto offers Secure Global Cloud-Based Cellular Network
Monogoto is an Israeli startup which offers what it describes as “the secure, global cloud-based cellular network.” Mongoto provides global, internet of things (IoT) and machine-to-machine (M2M) connectivity using powerful APIs that “enable enterprises and developers to design, build, manage, control and scale their IoT applications quickly and securely.”
Monogoto raised $27 million in a Series A funding… Read More Here
Politics
French President Macron Bans Israeli Defense Firms from Euronaval Exhibition
French President Emmanuel Macron has barred twelve Israeli defense companies from exhibiting at the prestigious Euronaval defense exhibition, scheduled for November 4-7. This marks the second instance of Macron taking action against Israeli defense firms, following their exclusion from the Eurosatory defense and security exhibition in June.
The French government has taken a harsh stand against Israel in the past year. It has even gone so far as to recognize Palestine… Read More Here
Israel Boosts Anti-Drone Defense: Military Fast-Tracks Advanced Interception Tech
In a swift response to the evolving security landscape, Israel’s Defense Minister Yoav Gallant launched a competition to expedite the development of innovative interception technologies. The recent trial at a southern Israeli testing field showcased the results of this initiative, featuring solutions from a diverse group of Israeli companies, including industry giants and promising startups. To that end, he led a first-of-its-kind trial to identify and demonstrate new… Read More Here
THAAD Missile Defense System Deployed in Israel, US Confirms
The American military has deployed its THAAD anti-missile system in Israel. The American Secretary of Defense Lloyd Austin confirmed this when speaking with reporters just a few hours ago. The deployment was made to help protect Israel from the constant missile attacks being launched against the country by Hezbollah terrorists based in Lebanon and by their Iranian patrons. The deployment was announced shortly after Iran launched 20 missiles… Read More Here
Mergers and Acquisitions
Israeli Unicorn Cyera Acquires Fellow Israeli Firm Trail Security for $162M, Redefining AI-Powered Data Security With Comprehensive Data Loss Prevention
Cyera, an Israeli unicorn offering cloud data security, has acquired fellow Israeli firm and startup Trail Security, a next-generation data loss prevention (DLP) company, for $162 million. Cyrea hit the coveted unicorn status this past June when it hit a $1.5 billion valuation.
Data Loss Prevention (DLP) is a set of technologies… Read More Here
Centers Health Care Co-Founder Kenny Rozenberg to Sell $1 Billion Nursing Care Subsidiary
Kenny Rozenberg, co-founder of the American nursing home company Centers Health Care, has agreed to sell a subsidiary specializing in nursing care for an estimated value of up to $1 billion, reported Israeli business publication Calcalist. Centers Health Care, which owned a controlling stake in Israel’s national airline El Al, is set to unload Centers Plan for Healthy Living (CPHL), a managed care organization… Read More Here
Other Business Stories
Beny Steinmetz: Israeli Diamond Mogul Arrested in Greece on Romanian Warrant
Israeli Diamond tycoon Beny Steinmetz was arrested in Greece on a warrant issued by Romanian authorities. Steinmetz was placed under arrest upon his arrival at Athens airport after traveling there in a private plane. He was convicted in Romania on charges of fraud.
The arrest came in spite of the fact that Beny Steinmetz… Read More Here
Teva Pharmaceuticals Agrees to $450 Million Settlement for Copaxone Price Inflation Lawsuit
Teva Pharmaceuticals USA Inc. and Teva Neuroscience Inc. have agreed to a settlement with the US Justice Department and pay a $450 million settlement to resolve allegations of violating the Anti-Kickback Statute and the False Claims Act related to price fixing of its Multiple Sclerosis medication Copaxone. The companies, collectively known as Teva, are headquartered in Parsippany, New Jersey, and are the largest generic drug manufacturer in the United States. The settlement amount was determined based on… Read More Here
