Weekly review of Israel’s high-tech scene May 16-22 – Jewish Business News
Weekly review of Israel’s high-tech scene from May 16 to 22
New startups / VC funding
Israeli start-up Explorium offers external data platform
The company has just raised $ 75 million. Explorium, an Israeli startup, provides what it calls the leading external data platform to improve analytics and machine learning. By “dynamically” integrating a company’s internal data with thousands of external sources, the Explorium platform is able to extract the most relevant functionality and fuel superior machine learning models. The company just completed a $ 75 million Series C fundraiser led by global venture and private equity firm Insight Partners.
Israel Salto offers open source SaaS solutions
He just raised $ 42 million. Salto is an Israeli startup that offers, among other things, the configuration of business applications. The company just raised $ 42 million in a Series B financing round led by Accel, with participation from existing investors Salesforce Ventures, Bessemer Venture Partners and Lightspeed Venture Partners
Twine Solutions offers high-tech yarn dyeing solutions
The company has just raised $ 28 million. Israeli start-up Twine Solutions develops digital yarn dyeing systems. The company just raised $ 28 million in an investment round, led by Menora, Meitav Dash and Analyst.
Israeli start-up ThetaRay offers Fintech / Cybersecurity solutions
The company just raised $ 31 million. ThetaRay is an Israeli cybersecurity technology start-up that enables the acceleration of cross-border payments between banks while protecting financial institutions from financial crime.
Aquarius Engines unveils new hydrogen engine
Gasoline could soon become obsolete. Aquarius Engines (TASE: AQUA) has unveiled a new hydrogen engine it boasts that could one day make addiction to both hydrogen fuel cells and fossil fuels a thing of the past. The tiny 10kg machine is based on the same technology as its patented single piston linear motor but runs exclusively on hydrogen.
IPO and unicorns
Monday.Com makes it official – Files for IPO
He expects a valuation of $ 4 billion. Monday.Com, an Israeli startup specializing in business software, has filed a Form F-1 with the Securities and Exchange Commission (SEC) for an initial public offering. Last October, JBN reported that Monday expected a valuation of $ 4 billion from its IPO. But as of yet, there is no news on what the company expects to rise or the share price it intends to charge.
Israeli fintech Sunbit achieves unicorn status with $ 1.1 billion valuation
He just raised $ 130 million. Sunbit, an Israeli startup that offers fintech solutions, has achieved coveted Unicorn status. The company now claims a valuation of $ 1.1 billion which it reached with a Series D funding round of $ 130 million.
Israeli start-up Glassbox is considering TASE IPO
He expects a valuation of $ 350 million. Glassbox, an Israeli company that provides digital analytics for web and mobile applications, has filed an initial public offering on the Tel Aviv Stock Exchange (TASE). According to a report in Globes, the company plans to raise $ 50 million to $ 70 million through its TASE IPO, which would give it a total valuation of around $ 350 million.
WalkMe website navigation startup files for NASDAQ IPOs
The company also revealed its recent earnings. Israeli start-up WalkMe, a provider of digital adoption solutions, has revealed its intention to launch an initial public offering on NASDAQ. The company has completed its Form F-1 with the US Securities and Exchange Commission (“SEC”) regarding the proposed IPO of its common stock. The number of shares to be offered and the price range of the proposed offering have not yet been determined. WalkMe has applied to list its common shares on the Nasdaq Global Select Market under the ticker symbol “WKME”.
Venture capital funds
83North closes $ 550 million new fund
83North says that while his businesses are all about scale, his own operation is more of a boutique. Israeli venture capital firm 83North Ltd. raised $ 550 million for its sixth investment fund. The fund is intended to support European and Israeli entrepreneurs. Globes says it is the second-largest such fund ever to be raised in Israel after a $ 750 million life sciences fund from Amoon.
Other business stories
Les Moonves loses $ 120 million golden parachute
Moonves was fired on charges of sexual misconduct.
WhatsApp’s new privacy policies are now in effect
Spotify now available on Google Wear watches
Google has also partnered with Samsung.
Mobileye teams up with Toyota for driver assistance systems
Mobileye develops automated vehicle systems. ZF and Mobileye, an Intel company, were chosen by Toyota Motor Corp. to develop advanced driver assistance systems (ADAS) for use on multiple vehicle platforms from the next few years. As part of the deal, ZF, one of the world’s largest producers of automotive cameras running on Mobileye technology, will also supply its Gen 21 mid-range radar and be responsible for integrating the camera and radar into Toyota vehicles.