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Thursday, January 26, 2023
Tel Aviv, Israel
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IVC Database 14 Days Free Access
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Get to know IVC first hand today!
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*Currently Available Profiles On IVC-Online
The Leading Data Source on Israel's High-Tech Industry since 1997
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| Multinationals |
Investors |
High-Tech Companies |
| 482 |
3,144 |
9,457 |
| # of Unicorns |
Capital Raised in 2023 by Private Companies ($m) |
| 90 |
362 |
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*New Additions to IVC Database This Week
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| Financing Rounds |
Investors |
High-Tech Companies |
| 7 |
4 |
28 |
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Selected (*) Recent Database Additions & Activity (January 20 - January 26)
(*) Interested to know all the daily updates about the financing rounds, new tech Israeli startups, new VCs and investors and key executives in the Israeli tech ecosystem?
Email us for annual subscription packages: info@ivc-online.com
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Israeli High-Tech Industry News & Updates (January 20 - January 26)
OpenWeb Supercharges Community Economy with $100 Million Acquisition of Jeeng
Jeeng will enhance the community engagement platform's delivery of contextualized marketing and personalized messaging.
(Source: PR Newswire, January 26, 2023)
VC funds launch non-discrimination requirements for startups
Venture capital funds are protesting Israeli government reforms by demanding that portfolio companies make non-discrimination commitments.
(Source: Globes, January 26, 2023)
Technion, Good Food Institute unite to establish Sustainable Protein Research Center
The SPRC will facilitate academic research in the alternative protein field, adding more value to an already burgeoning market.
(Source: The Jerusalem Post, January 26, 2023)
Dell has acquired cloud orchestration startup Cloudify, sources tell us for up to $100M
Dell is making an acquisition to beef up its cloud services business, specifically its offerings in DevOps: The company is buying Cloudify, an Israeli startup that has built a platform for cloud orchestration and infrastructure automation.
(Source: TechCrunch, January 26, 2023)
Freightos lists on Nasdaq via SPAC merger at a $500 million post money valuation
The freight booking and payment platform raised over $80 million in capital through the transaction, including $10 million from Qatar Airways and $60 million from M&G Investments and The Prudential Assurance Company.
(Source: CTech, January 26, 2023)
Papaya Global moving all money out of Israel
CEO Eynat Guez: Due to the reform there is no certainty that we can conduct international economic activity from Israel.
(Source: Globes, January 26, 2023)
Hiring on hold: From ghost jobs to fake LinkedIn profiles, the high-tech employment crisis is worsening
If in 2021 the market belonged to the employees, who essentially were the ones interviewing the companies, and in 2022 the situation was unclear, then in 2023 it is a market that completely belongs to employers who carefully choose the employee they will hire.
(Source: CTech, January 25, 2023)
Fintech co PayEm raises $20m, and $200m in credit
PayEm has developed an “all-in-one” spend and procurement management platform offering smart procurement solutions, AP automation, expanse reimbursement and smart credit cards.
(Source: Globes, January 24, 2023)
Remote work revolution helps Deel reach $295M in ARR
The 'global HR platform' says it's EBITDA positive, confirms $12B valuation.
(Source: TechCrunch, January 23, 2023)
Torq Achieves 800% Revenue Growth and 10x Customer Growth Across 2022, and 1,000,000+ Daily Security Automations
Torq Also Announces the Torq Advisory Board, New Sales Leadership, Parallel Execution and Torq Insights Innovations, and Expanded Tel Aviv Office Presence.
(Source: Businesswire, January 23, 2023)
McKinsey acquiring Israeli AI platform Iguazio for $50 million
The global management consulting firm is making its first acquisition of an Israeli company with the aim of accelerating and scaling enterprise AI.
(Source: CTech, January 23, 2023)
Israeli hi-tech sector not spared by global carnage, report says
Israeli Employment Service says jobless claims among hi-tech workers up almost 20% in December 2022 as rounds of mass layoffs descend upon local market; however, labor market remains tight.
(Source: Ynet, January 22, 2023)
Playtika Offers $810 Million for Angry Birds Maker Rovio
Rovio shares gained 34% in Helsinki after offer was made Angry Birds was the first mobile game with 1 billion downloads.
(Source: Bloomberg, January 20, 2023)
Munich Re to insure Israeli startup’s fraud prevention solution
Munich Re, one of the world’s largest reinsurers, has partnered with FUGU, an Israeli startup, to insure its e-commerce fraud prevention solution.
(Source: Reinsurance News, January 19, 2023)
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IVC on Israeli & Global Media (January 2023)
Cybersecurity hit most as tech investment plunged in 2022
Start-Up Nation Central (SNC) and IVC Research - Leumitech have summarized the sharp downward trend in startup financing rounds in Israel in 2022, especially in the second half of the year.
(Source: Globes, January 11, 2023)
Israeli tech exits slump 54% to lowest level since 2014 amid market downturn
2022 saw 120 completed IPOs or M&As with a total value of $20.6 billion, down from 261 exits with a total value of $23.6 billion in 2021, according to annual IVC-LeumiTech report.
(Source: The Times of Israel, January 10, 2023)
Sober awakening for Israeli high-tech amid depleted funding
According to one report, total investments in high-tech, which reached $27.6 billion in 2021, decreased by 44% to $15.5 billion in 2022.
(Source: Israel Hayom, January 10, 2023)
Investments in Israeli startups plummeted 42% in 2022, cybersecurity hit hardest According to reports released by Start-Up Nation Central (SNC), SNPI, IVC, and LeumiTech, the total volume of investment in 2022 dropped from an unprecedented $27 billion in 2021 to $15.5 billion in the past year.
(Source: CTech, January 10, 2023)
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| IVC-LeumiTech Israeli Tech Review 2022 is published
The bottom line...
In 2022, Israeli high-tech companies raised $14.95 billion in 663 deals. In Q4/2022, $2.02 billion were raised in 121 deals. The outcome of the investment activity in 2022 supports the perception of a slowdown, with a drop of more than 40% from the amounts raised in 2021.
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Israel Tech Related New Appointments/Positions (January 2023)
Pentera Promotes Four Members to VP Leadership Positions
(Source: PR Newswire, January 25, 2023)
Carl-Peter Forster, previous board member of Volvo Cars, joins StoreDot as Chairman
(Source: Business Transformation, January 24, 2023)
Cloud Visionary, CSPM Pioneer Chen Burshan Joins Skyhawk Security as CEO
(Source: GlobeNewswire, January 24, 2023)
Israeli appointed CEO of US chip manufacturer Texas Instruments
(Source: The Times of Israel, January 20, 2023)
Guy Shaviv joins Fairmatic to build R&D hub in Israel
(Source: CTech, January 18, 2023)
Yael Waisbourd-Sucary named Head of Tech at UBS Wealth Management Israel
(Source: CTech, January 17, 2023)
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| Number of investments in cyber security companies in Israel 2015-2022
Published by Eyal Lichter, Jan 17, 2023
According to the IVC Research Center, the number of investments in cyber security companies in Israel amounted to 99 in 2022. This was a slight decline compared to the preceding year. Overall, the number of investments increased between 2015 and 2021.
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Recently Published Insights, Reports and Posts by IVC (2021 - January 2023)
*New
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Upcoming Israeli High-Tech Events & Webinars (January - June 2023)
*New
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IVC Updates & Contact Information
*New
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IVC is proud to be cooperating with the following organizations and events:
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