Israel Tech Startups and Innovations: Weekly Roundup September 28 – October 11, 2024
New Startups / VC Funding
Israeli MedTech Startup TechnoPulm Innovates Advanced Respiratory Technology Solutions
TechnoPulm is an Israeli startup that specializes in respiratory technology. They offer a variety of products and services to help people with respiratory conditions. The firm raised $2 million in funding.
They offer an advanced handheld diagnostics device that uses a remote telemedicine platform (digital medicine) to perform a comprehensive examination of the patient, thereby eliminating the need to send the patient to the hospital for tests. These can be used to treat illnesses such as Chronic respiratory diseases… Read More Here
Israeli Startup Orasis Pharmaceuticals Develops Innovative Treatment for Presbyopia (Age-Related Farsightedness)
Orasis Pharmaceuticals is an Israeli startup and an emerging ophthalmic pharmaceutical company focused on reshaping vision possibilities. The company deals specifically with the treatment of presbyopia – the difficulty seeing things close up as we age. The firm closed a $78 million round of financing to support the commercial launch of Qlosi™ (pilocarpine hydrochloride ophthalmic solution) 0.4%, a novel corrective eye drop for the treatment of presbyopia in… Read More Here
Xtype: Israeli Startup Streamlines ServiceNow Multi-Instance Management
Xtype is an Israeli startup that offers software for multi-instance management on the ServiceNow platform. The firm raised $21 million in a Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and… Read More Here
Apono: Israeli Startup Revolutionizes Cloud Security with Privileged Access Management
Apono is an Israeli startup that offers “privileged access” for secure use of cloud based services. The firm raised $15.5 million in a Series A funding round led by New Era Capital Partners. “Apono” is the Hawaiian word for “approve.”
Apono is a cutting-edge cloud access governance platform designed to meet the evolving needs of modern enterprises. By providing deep… Read More Here
Nym Health: AI-Powered Medical Coding Automation Transforms Healthcare Industry
Israel’s Nym Health is a provider of autonomous medical coding technology. The company raised $47 million in growth investment led by PSG.
Medical coding is a critical factor in healthcare… Read More Here
Israel’s Air Doctor: Travel Health Platform Connects Tourists with Local Medical Care
Air Doctor is an Israeli startup that combines medical care and travel, ensuring that travelers can find the right doctor wherever they might be in the world. The firm raised $20 million in a series B funding round led by aMoon. The investment is set to fuel the company’s ongoing expansion in Asia, further… Read More Here
Eon Secures $127 Million Funding to Revolutionize Cloud Backup and Infrastructure
Eon, an Israeli startup that offers a “next-generation cloud backup solution,” came out of stealth, having raised a total of $127 million in funding. The first backup autopilot for the age of cloud infrastructure, Eon monitors cloud resource sprawl and brings cloud backup posture management (CBPM) to enterprises. Eon replaces legacy backup tools and generic snapshots…Read More Here
Israeli Startup Kando Revolutionizes Global Wastewater Treatment with AI-Powered Intelligence
Kando is an Israeli startup and wastewater intelligence company dedicated to improving global wastewater quality through innovative solutions. The firm closed a $10 million investment round, bringing the total amount it has raised to $30 million.
Wastewater quality… Read More Here
Israel’s Prime Security Launches AI-Powered DevSecOps Platform to Revolutionize Software Development Lifecycle
Israeli startup Prime Security launched its AI-powered solution designed to revolutionize the software development lifecycle. By integrating security measures into the earliest stages of design, Prime empowers security teams to proactively identify, prioritize, and mitigate potential risks before a single line… Read More Here
Science/Culture
Ancient Evidence of Sennacherib’s Campaign Impact on Judah Unearthed Near Jerusalem
In a groundbreaking discovery near Jerusalem, archaeologists have unearthed evidence of the significant impact Sennacherib’s military campaign had on the Kingdom of Judah’s economy. During excavations funded by the Israel Land Authority and conducted by the Israel Antiquities Authority prior to the construction of the new Mordot Arnona neighborhood, researchers identified changes in the Judahite administration dating back to the reign of… Read More Here
Mergers and Acquisitions
Adam Neumann Acquires 30% Stake in Israeli Real Estate Firm Canada Global
Adam Neumann, the controversial entrepreneur who founded WeWork and was later ousted from his own company, is still working in the real estate industry. His real estate company Flow acquired 30% of Israeli real estate investment company Canada Global for $27 million. Canada Global is owned by Assaf Tuchmair and Barak Rosen who will maintain a 60% stake in the company. The remaining… Read More Here
Other Business Stories
Bank of Israel Holds Interest Rate Steady at 4.5% Amid Economic Uncertainty
The Bank of Israel left the interest rate unchanged at 4.5 percent. The decision not to cut the rate is seen as an indicator that the Bank is concerned about continued inflation in Israel due to the ongoing war in Gaza, among other factors. Cutting the interest rate helps to stimulate a slow economy; however, it can also… Read More Here
Trump Organization Explored Hotel Expansion in Israel, Documents Reveal
The Trump Organization was working on plans to add new hotels in Israel, including in central Jerusalem. However, these plans were put on hold after the October 7 Hamas massacre last year and the ensuing Iron Swords War in Gaza against Hamas, reported the New York Times.
Specifically, the Trump Organization was… Read More Here
