Weekly review of Israel’s high-tech scene April 4-10 – Jewish Business News
Weekly review of the Israeli high-tech scene April 4-10
New startups / VC funding
AmplioSpeech offers a special education platform (JBN)
The company has just raised $ 27 million. Israeli start-up AmplioSpeech has developed a digital platform that connects students, teachers and therapists with advanced technologies to help students with special needs. The company has raised $ 27 million in funding led by Quad Partners, a private equity firm focused on high-quality education businesses.
Prytek invests in Israeli fintech company CRiskCo (Globes)
Prytek has added credit capabilities to its Karbon integration platform by investing in CRiskCo, which has developed a platform that makes loan application processes digitally accessible.
Upsolver is an Israeli big data analytics (JBN) start-up
The company has just raised $ 25 million. Israeli start-up Upsolver offers a Data Lake platform that it says allows any developer to manage, integrate and structure streaming data for analysis with “unprecedented ease – greatly simplifying big data projects and reducing the time to value from months to minutes. The company just raised $ 25 million in Series B funding led by Scale Venture Partners (Scale). Existing investors JVP, Vertex Ventures US and Wing Venture Capital also participated in the round.
Israeli start-up Aporia offers AI observation platform (JBN)
The company has just raised $ 5 million. Aporia is a new Israeli startup that offers an AI observability platform. It is a platform that monitors information entered into a machine in order to teach it to think for itself. The company has just raised $ 5 million in a funding round from Vertex Ventures and TLV Partners.
Israeli start-up MyHomeDoc receives FDA approval for smartphone telemedicine (Calcalist)
The MyHomeDoc device is capable of testing the most common vital signs for primary medical care and all from a smartphone. Israeli start-up MyHomeDoc recently received FDA approval for its smartphone-based telemedicine solution, following approvals from European and Israeli regulatory authorities. The device was developed after MyHomeDoc received funding from a startup incubator run by Israeli giant Teva Pharmaceuticals and Philips co-investment platform Sanara Ventures. FDA approval will allow MyHomeDoc to expand into other global markets.
Liquid Biopsy Co Nucleix raises $ 55 million (Globes)
The company’s flagship product, EpiCheck, is intended for the early detection of lung cancer. Liquid Biopsy Developer for Earlier Cancer Detection Nucleix announced that it has completed a $ 55 million oversubscribed financing round led by RA Capital Management, with the participation of new investors BlackRock, Lilly Asia Ventures, LYFE Capital and MILFAM. Existing investors participating in the cycle included OrbiMed, Aurum Ventures, DSC Investment, OCI Bio Investments and Zohar Zisapel.
Co Blue Dot Tax Compliance Raises $ 32 Million (Globes)
Blue dot’s technology digitizes an expensive, complex and risky process, reducing the burden on finance teams.
Empathy is a start-up that helps people cope with their grief (JBN)
The company just brought in $ 13 million. Israeli start-up Empathy offers a platform that helps families navigate the journey they face after losing a loved one. It just launched its app on iOS and Android for users across the United States. Empathy rose $ 13 million in a fundraising round co-led by General Catalyst and Aleph.
Israeli Start-Up WhiteSource Offers Open Source (JBN) Security Solutions
The company has just raised $ 75 million. WhiteSource is an Israeli cybersecurity startup that offers open source security and management services.The company has raised $ 75 million in Series D funding led by Pitango Growth, with participation from existing investors M12, Susquehanna Growth Equity and 83North . WhiteSource’s total funding to date is now $ 121.2 million.
Israeli FinTech Startup TipRanks Receives $ 77 Million Investment to Support Retail Investor Frenzy (JBN)
TipRanks, the only company that ranks analysts, has become the norm on Wall Street and is used by most banks. Israel-based financial technology firm TipRanks has raised a $ 77 million investment led by Prytek and More Investment House. Founded in 2012 by Uri Gruenbaum and Gilad Gat, TipRanks provides a stock market research platform that makes alternative datasets accessible and visual for retail investors.
Israeli startups raised record $ 2.8 billion in March (Globe)
In an exceptional month for raising seed capital, Israeli tech startups doubled the record set in January.
IPO and unicorns
Innoviz completes the SPAC merger and launches the Nasdaq trading (Globes)
The Israeli developer of lidar laser sensors for cars starts trading at a value of $ 1.4 billion.
Trax and Redis Labs: Two Israeli unicorns reach valuations of $ 2 billion (JBN)
Unicorn is a startup with a valuation of over $ 1 billion. Israeli unicorns Trax and Redis Labs have now each reached a valuation of $ 2 billion. Redis Labs, a database software developer, hit the mark with a $ 110 million Series G funding round led by new investor Tiger Global. Trax has just raised $ 640 million in a Series E financing round led by SoftBank Vision Fund 2.
Israel Leads Unicorn World – Two Startups Over $ 1 Billion This Week Alone (JBN)
He has nine new ones so far this year. Israel isn’t known as Startup Nation for nothing. And now Startup Nation may be known as the Unicorn Nation. Unicorn is a startup, which is still a private company that has already reached a billion dollars plus a valuation. Israel has had nine unicorn-status startups so far this year, two of which hit the mark on the same day this week.
Digital Intelligence Firm Cellebrite Seeks $ 2.4 Billion IPO on NASDAQ
It hopes to be the last Israeli startup with over a billion releases. Israeli start-up Cellebrite, a leading provider of digital intelligence solutions, will soon be listed on NASDAQ thanks to a SPAC merger with TWC Tech Holdings II Corp. Cellebrite predicts a valuation of $ 2.4 billion from its IPO and will be listed as CLBT.
Mergers and Acquisitions
DraftKings acquires Israeli gaming company BlueRibbon (JBN)
Draftkings says it will expand BlueRibbon’s technical support offices. DraftKings Inc. (Nasdaq: DKNG) has acquired Blue Ribbon Software Ltd., a leading Tel Aviv-based global jackpot and gamification company (“BlueRibbon”) that provides platform-independent real-time gamification tools. form allowing fully customizable jackpot promotions. DraftKings says it will now be able to enhance the customer experience by integrating BlueRibbon’s unique jackpot functionality, including personalized promotions and rewards tailored to the individual customer or jackpots that pay across different product offerings. by DraftKings.
Israeli Cardo systems bought for $ 150 million by EMK Capital (JBN)
Cardo designs and markets its wireless mesh communication systems for motorcyclists. Cardo Systems, an Israeli developer of Bluetooth communication headsets for motorcycles, has been acquired by European private equity fund EMK Capital. According to a report in Globes, the company was sold for $ 150 million. EMK acquired a 65% stake in the company which was owned by Israeli private equity firm Fortissimo Capital as well as a 30% stake held by Cardo founder Dr Abraham Glezerman.
Cofense acquires Israeli email security provider Cyberfish (JBN)
The purchase price was not disclosed. Cofense, a provider of phishing detection and response (PDR) solutions, has acquired Cyberfish, an Israeli cybersecurity startup that provides next-generation phishing protection based on computer vision and advanced machine learning technology (ML). The purchase price was not disclosed.