Weekly review of the Israeli high-tech scene March 20-26 (Happy Pesach!) – Jewish Business News


Weekly review of the Israeli high-tech scene from March 20 to 26

Tel Aviv at sunset, Israel

We have a short week this week because of the Passover holiday this weekend.

New startups

Israeli industrial cybersecurity company SCADAfence protects online businesses (JBN)
The company has just raised $ 12 million. SCADAfence is an Israeli cybersecurity startup for Operational Technology (OT) and Internet of Things (IoT) environments. The company just raised $ 12 million in funding led by existing investor JVP.

Israel’s Axis Security Provides Cyber ​​Security Services for the Cloud (JBN)
The company has just raised an additional $ 50 million. Israeli cybersecurity startup Axis Security Inc. promises to protect your business like it does in the cloud. Its solution is Application Access Cloud, which the company claims has a unique architecture that makes it simple to deploy, use and manage while providing more secure access. The company just raised $ 50 million in Series C funding led by new investor Spark Capital, who previously invested in Twitter, Tumblr and Slack. To date, Axis has raised $ 100 million.

Israeli industrial cybersecurity company SCADAfence protects online businesses (JBN)
The company has just raised $ 12 million. SCADAfence is an Israeli cybersecurity startup for Operational Technology (OT) and Internet of Things (IoT) environments. The company just raised $ 12 million in funding led by existing investor JVP.

Veev Raises $ 100 Million to Reinvent the Way Houses Are Built (Press Release)
This new funding will fuel Veev’s modular precast approach and bring the company’s total capital raised to nearly $ 200 million.

Israel’s Morphisec Offers Cloud Security and Ransomware Defense (JBN)
Cyber ​​security is more important than ever. Morphisec is an Israeli cybersecurity startup that offers endpoint and server security solution delivered in the cloud. It just raised $ 31 million in funding led by JVP. Other existing investors, including Orange and Deutsche Telekom Capital Partners, also participated in the financing.

Util is an Israeli start-up that finds new underground sources of water
The company has just raised $ 6 million. The Israeli start-up utilis calls itself a pioneer in satellite infrastructure intelligence. It mainly uses satellites to detect underground sources of water. The company has raised $ 6 million from Beringea, a transatlantic venture capital firm, which will be used to accelerate the growth of its data-driven analytics for water leak detection and infrastructure asset management .

Israeli start-up StarkWare offers cybersecurity solutions
The company has just raised $ 75 million. StarkWare is an Israeli cybersecurity startup specializing in developing solutions to expand the capacity of blockchain. The company just completed a $ 75 million financing round led by Paradigm and with participation from existing investors Sequoia and Funders Fund, DCVC, Pantera and Wing and new investors Three Arrows and Alameda Research. The company has now raised $ 111 to date.

Mergers and Acquisitions

Fyber NV Ad Tech Co acquired for 600 million dollars by Digital Turbine (JBN)
Fyber helps app developers make money. Digital Turbine, Inc. (Nasdaq: APPS), to acquire German-Israeli company Fyber NV for $ 600 million: $ 150 million in cash, $ 400 million in shares and $ 50 million in shares in based on future income. Fyber offers a platform to help app developers monetize their products and maximize profitability through quality advertising.

Twitter acquired Israeli start-up reshuffle (JBN)
No word yet on how much it cost. Twitter has acquired Reshuffle, an Israeli startup that offers an application programming interface (API) solution. The API is software that acts as an intermediary in that it allows two different applications to talk to each other. Reshuffle’s selling price has not yet been disclosed.

Yum! Brands to Acquire Leading Omnichannel Marketing and Ordering Platform Company (Press Release)
The acquisition strengthens Yum! The global digital control capability of brands and integrates new technological talents into the business

IPO Talk and unicorns

Orca Security Latest Israeli Unicorn Worth $ 1.2 Billion (JBN)
The status comes after a round of funding of $ 210. Israeli start-up Orca Security is now a unicorn. The cybersecurity firm reached this milestone by completing a $ 210 million Series C funding round led by CapitalG, Alphabet’s independent growth fund, and Redpoint Ventures, which left it with a valuation of $ 1.2 billion. of dollars.

Israeli video startup Kaltura now sees $ 2 billion IPO (JBN)
This is up from the billion dollars expected just a few weeks ago. Kaltura, an Israeli startup that provides live and on-demand video SaaS solutions, has raised expectations for its initial public offering. The company now says it expects a valuation of $ 2 billion once it IPO on NASDAQ, doubling the previous estimate of just $ 1 billion made just ago. a few weeks. It will be listed under KLTR.

Israeli video startup Kaltura now sees $ 2 billion IPO (JBN)
This is up from the billion dollars expected just a few weeks ago. Kaltura, an Israeli startup that provides live and on-demand video SaaS solutions, has raised expectations for its initial public offering. The company now says it expects a valuation of $ 2 billion once it IPO on NASDAQ, doubling the previous estimate of just $ 1 billion made just ago. a few weeks. It will be listed under KLTR.

Israeli driver safety startup SaverOne seeks expansion at NASDAQ (JBN)
The company is already listed on the TASE. SaverOne is an Israeli company that offers a new plug system that can take control of a driver’s phone and prevent the use of dangerous apps. Globes reports that the company is considering offering its shares for sale on NASDAQ. The news comes less than a year after it was published on the Tel Aviv Stock Exchange (TASE).


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