Finaloop Raises $35M in Series A Funding

Finaloop, a Brooklyn, NY- and Tel Aviv, Israel-based real-time e-commerce accounting platform, raised $35m in Series A funding.

Source: Finaloop Raises $35M in Series A Funding

Six Companies Joined The Unicorn Board In May, With xAI Alone Adding $24B In Value

Unicorns in Asia European unicorns Unicorns from LatAm Emerging unicorn leaderboard Exited unicorns Methodology The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data.

Source: Six Companies Joined The Unicorn Board In May, With xAI Alone Adding $24B In Value

Zencity Raises $40M in Series C Funding

Zencity, a New York City and Tel Aviv, Israel-based based community engagement platform for local governments, raised $40m in Series C funding.

Source: Zencity Raises $40M in Series C Funding

Israel’s Fhenix Raises $15m to Advance Confidential Blockchain Technology

Fhenix, an Israel-based company specializing in Layer 2 blockchain technology that leverages fully homomorphic encryption (FHE), has successfully closed a $15 million Series A funding round.

Source: Israel’s Fhenix Raises $15m to Advance Confidential Blockchain Technology

SAP to buy Israeli SaaS company for $1.5 billion

WalkMe , an Israeli startup that guides users through online tasks step-by-step, is being bought in a deal that values it at $1.5 billion, making one of the highest-value deals in Israel this year .

Source: SAP to buy Israeli SaaS company for $1.5 billion

The Week in AgriFoodTech: EvodiaBio scores $7.5m, Microcaps raises $10m, Aleph Farm lays off 30% of staff

Israel’s Aleph Farms, a longtime trailblazer in the industry, announced it was laying off 30% of its staff, while over in the US, SCiFi Foods closed up shop entirely and various groups were up in arms about the US military dabbling in cultivated meat.

Source: The Week in AgriFoodTech: EvodiaBio scores $7.5m, Microcaps raises $10m, Aleph Farm lays off 30% of staff

Finout Raises $26 Million Series B, Leading FinOps Forward With Its Complete Platform

TEL AVIV, Israel–(BUSINESS WIRE)–Finout, the FinOps-for-enterprise company, announced a $26.3 million Series B funding round led by Red Dot Capital with the participation of Maor Investments and existing investors – Team8, Pitango, and Jibe Ventures. Finout’s complete FinOps platform is now used by leading global brands, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsfl

Source: Finout Raises $26 Million Series B, Leading FinOps Forward With Its Complete Platform

Agora Secures $34M in Series B Funding to Propel Growth and Revolutionize Real Estate Investment Management

Currently, Agora operates predominantly in North America, Europe, and Israel, with plans to expand into Central and South America and Australia.

Source: Agora Secures $34M in Series B Funding to Propel Growth and Revolutionize Real Estate Investment Management

13 Israeli med-tech startups that could transform healthcare

Innovation was the flavor of the week at the annual BioMed Israel , an international life-science and health-tech conference , where 150 companies were represented last week at the David InterContinental Hotel in Tel Aviv.

Source: 13 Israeli med-tech startups that could transform healthcare

Finout Raises $26M in Series B Funding

Finout, a Tel Aviv, Israel-based FinOps-for-enterprise company, raised $26M in Series B funding.

Source: Finout Raises $26M in Series B Funding

Agora Raises $34M in Series B Funding

Agora, a NYC- and Tel Aviv, Israel-based provider of real estate investment management solutions, raised $34M in Series B funding.

Source: Agora Raises $34M in Series B Funding

Israeli Drone Startup Used by IDF in Gaza Raises $40 million

Israel’s larger defense contractors have benefited from increased spending since the beginning of the war with Hamas, and Xtend’s fundraise signals opportunities during the conflict for smaller, dual-use players.

Source: Israeli Drone Startup Used by IDF in Gaza Raises $40 million

Data Storage Firm Hits $1B Valuation To Become Latest Israeli Unicorn

The company, which has offices in Israel, the UK and the US, is now valued at $1.6 billion, joining the roughly two dozen Israeli startups with the exclusive unicorn status.

Source: Data Storage Firm Hits $1B Valuation To Become Latest Israeli Unicorn

Israel’s Magnus Metal Raises $74M for its Digital Casting Process

Magnus Metal , an Israeli advanced manufacturing startup specializing in the production of machines that leverage a proprietary process incorporating both casting and additive manufacturing (AM) principles, has raised $74 million in a Series B round led by Tel Aviv venture capital fund, Entrée Capital , and Target Global , a venture capital fund based in Berlin.

Source: Israel’s Magnus Metal Raises $74M for its Digital Casting Process

Carrar Raises $5.3M in Series A Funding

Carrar, a Sha’ar Hanegev, Israel-based provider of battery modules and thermal management systems for electric vehicles (EVs), raised $5.3M in Series A funding.

Source: Carrar Raises $5.3M in Series A Funding

PVML Raises $8M in Seed Funding

PVML, a Tel Aviv, Israel-based provider of a platform for secure AI-powered data access, raised $8M in Seed funding.

Source: PVML Raises $8M in Seed Funding

Datafy Closes $6M Seed Funding

Datafy, a Tel Aviv, Israel-based cloud storage optimization startup, raised $6M in Seed funding.

Source: Datafy Closes $6M Seed Funding

Israeli cloud security startup Wiz acquires cloud detection and response startup Gem Security, sources say for $350M, after acquiring dev platform Rafft in 2023 (Allie Garfinkle/Fortune)

Allie Garfinkle / Fortune : Israeli cloud security startup Wiz acquires cloud detection and response startup Gem Security, sources say for $350M, after acquiring dev platform Rafft in 2023 — The first time Gili Raanan ever gave Assaf Rappaport a big check, it was in a gas station. — “It was a convenience store …

Source: Israeli cloud security startup Wiz acquires cloud detection and response startup Gem Security, sources say for $350M, after acquiring dev platform Rafft in 2023 (Allie Garfinkle/Fortune)

Nucleai Raises $14M in Funding

Nucleai, a Chicago, IL- and Tel Aviv, Israel-based spatial AI biomarker company, raised $14M in funding.

Source: Nucleai Raises $14M in Funding

Hailo Raises $120M in Extended Series C Funding

Hailo, a Tel Aviv, Israel-based chipmaker of edge artificial intelligence (AI) processors, raised $120m in extended series C funding.

Source: Hailo Raises $120M in Extended Series C Funding

Israeli Travel Startup Secures $8M In Funding For Growth & Expansion

Israeli startup Joyned , which offers a unique travel booking service for groups, has secured $8 million in a Series A funding round for business development and growth, and expansion into international markets. Joyned’s platform lets groups of users in different locations access the same online booking forms so that they can collaboratively plan a trip together. The service is AI-based, allowing

Source: Israeli Travel Startup Secures $8M In Funding For Growth & Expansion

Israeli non-human identity management startup Oasis Security raises $40M

Israeli non-human identity management startup Oasis Security Ltd. announced today that it has raised $40 million in new funding to increase its headcount and to continue developing product capabilities. Founded by Danny Brickman and Ami Timarman, both previous members of Israeli Intelligence Unit 81, Oasis Security offers a platform for managing non-human identities, such as service accounts, […]

Source: Israeli non-human identity management startup Oasis Security raises $40M

Xyte stirs up $30M to enable any hardware maker to build subscription products

Now, a startup has raised some funding to expand its alternative to hardware

Source: Xyte stirs up $30M to enable any hardware maker to build subscription products

Out-of-the-box applications for asset management, remote support, ecommerce and subscription management, financing, and a powerful and secure back office suite for equipment and device performance, and develop sustainable customer relationships.

Website
http://xyte.io         @xyte_io

Industry

IT Services and IT Consulting
Company size11-50 employees
Founded 2019

DigitalOwl raises $12M from RGA, a global industry leader specializing in life and health reinsurance

We strongly believe in collaborations with leading organizations in our target market.” Founded in 2018 by two brothers, Yuval Man, the company’s CEO, and Amit Man, the CTO specializing in artificial intelligence, DigitalOwl, an Insurtech company, currently employs 70 individuals in Israel and the United States.

Source: DigitalOwl raises $12M from RGA, a global industry leader specializing in life and health reinsurance

Cloud-native cybersecurity startup Aqua Security raises $60M and remains a unicorn

Aqua Security, an Israeli cybersecurity startup that helps companies protect their cloud services, has raised $60 million in funding, extending its previously announced $135 million Series E round of funding to $195 million. Founded in 2015, Tel Aviv- and Boston-based Aqua Security claims customers such as PayPal, Netflix and Samsung, which use the Aqua platform […] © 2023 TechCrunch. All rights

Source: Cloud-native cybersecurity startup Aqua Security raises $60M and remains a unicorn

IVC: Israeli startups raised ~$1.5B in Q4 2023, down 15% QoQ, despite increased foreign investor participation, and ~$7B in all of 2023, vs. nearly $16B in 2022 (Steven Scheer/Reuters)

Israeli startups raised ~$1.5B in Q4 2023, down 15% QoQ, despite increased foreign investor participation, and ~$7B in all of 2023, vs.

Source: IVC: Israeli startups raised ~$1.5B in Q4 2023, down 15% QoQ, despite increased foreign investor participation, and ~$7B in all of 2023, vs. nearly $16B in 2022 (Steven Scheer/Reuters)

Intel to invest record 25 billion US dollars to build a new chip factory in Israel

Taking to X, Minister of Finance, Bezalel Smotrich, said in response to the announcement that “such an investment, at a time when Israel is facing a war against absolute evil, a war in which good is obliged to win over evil, is an investment in the right and just values ​​that advance humanity.” According to him, “Intel’s choice to invest in Israel, an unprecedented investment like this, is an expression of confidence in the country and the Israeli economy.

Source: Intel to invest record Rs 2-lakh crore to build chip factory in Israel

Crypto Accounting Firm TRES Raises $11M, Targets Web3 Financial Monitoring Growth

Crypto asset accounting and financial data reporting platform TRES on Wednesday announced that it has raised $11 million in Series A funding, bringing its total funding to $18.6 million. This investment comes as TRES reports significant growth, with over 100 customers and $19 billion in managed assets since its launch. Speaking with Benzinga, Tal Zackon , Co-Founder and CEO of TRES said the compa

Source: Crypto Accounting Firm TRES Raises $11M, Targets Web3 Financial Monitoring Growth