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Thursday, December 22, 2022
Tel Aviv, Israel
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*Currently Available Profiles On IVC-Online
The Leading Data Source on Israel's High-Tech Industry since 1997
 Multinationals  Investors  High-Tech Companies
476 3,121 9,527
 
# of Unicorns Capital Raised in 2022 by Private Companies ($m)
90 15,724
 
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*New Additions to IVC Database This Week
 Financing Rounds  Investors High-Tech Companies
7 6 28
Selected (*) Recent Database Additions & Activity (December 16 - December 22)
  • VTool Acquires P&C Tech Consultants (UK and India)
  • Algosec Acquires Prevasio (US)
  • Deel Acquires PayGroup (Australia)
  • LSports Acquires StatScore (Poland)

(*) 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 (December 16 - December 22)

Black soldier fly farming among new areas of focus for Israel Innovation Authority in 2023
The IIA has approved a budget of over $40 million for three new consortiums that will encourage the development of new technologies in three areas, including integrated photonics, and metamaterials and metasurfaces.
(Source: CTech, December 22, 2022)

The SPACtivism Era: Why Wall Street wolves are collecting shares in young high-tech companies
Seasoned Wall Street traders are taking advantage of companies issued through SPACs, looking to make easy profits from mostly small and inexperienced tech companies.
(Source: CTech, December 22, 2022)

Tech job vacancies in Israel fall
According to the Central Bureau of Statistics, the fall in job vacancies is not unique to the tech sector, and is typical for most industries.
(Source: Globes, December 20, 2022)

10D Raises $245M Across Two New Funds
The $185 million 10D Fund II will invest in seed and Series A start-ups. The $60 million opportunity fund will cherry-pick and double down on the most promising companies in our early-stage portfolio as well as opportunities that the 10D partners have backed in their previous activity.
(Source: 10D, December 20, 2022)

Nine startups selected for “Reach Net Zero” mission
The program was initiated by the Movement led by Good Company VC and its partners AB InBev, Continental, Ashtrom and Bridges Israel, LeumiTech, KPMG Israel and BCLP.
(Source: CTech, December 20, 2022)

Historic $50 Million Gift to Establish Stewart and Lynda Resnick Sustainability Center for Catalysis at the Technion
Transformational Gift Funds New Center to Accelerate a Sustainable Future.
(Source: PR Newswire, December 19, 2022)

What are two main goals for increasing human capital in Israeli hi-tech?
Committee for increasing human capital in hi-tech publishes final conclusions, outlining the way to expand proportion of people employed in hi-tech.
(Source: The Jerusalem Post, December 19, 2022)

Akamai CEO: "Opportunities for acquisition will occur when the value of companies decreases"
"There is hope that next year will be better, but at the moment there is mostly uncertainty," said Tom Leighton, whose company has acquired three Israeli startups over recent years.
(Source: CTech, December 19, 2022)

Mobileye among best Wall Street flotations of 2022
Intel floated its Israeli automotive technology unit at a valuation of nearly $17 billion; Mobileye's current market cap is $27.1 billion.
(Source: Globes, December 18, 2022)

Six Israeli startups selected to participate in BeyondBio SCALE program
Improving cancer treatment, enabling efficient ways for sharing of data for advanced research, and AI for predicting drug safety, are all among the innovative solutions developed by the six startups selected for BeyondBio SCALE - a joint innovation program of AstraZeneca, Accenture, Clalit and AWS.
(Source: CTech, December 18, 2022)

Intel Israel lays off dozens; thousands to reportedly be offered retirement packages
Company says global headquarters ordered reduction of expenses by billions of dollars over next three years, forcing firings in Israel and elsewhere.
(Source: The Times of Israel, December 16, 2022)
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IVC on Israeli & Global Media (November-December 2022)
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Israel Tech Related New Appointments/Positions (December 2022)

Leadspace Taps CFO and CXO Powerhouses for Next Stage of Growth
(Source: MarTech Series, December 21, 2022)

CyberArk Appoints Omer Grossman Global Chief Information Officer
(Source: Business Wire, December 21, 2022)

BeamUp appoints Ran Ziv as new CTO
(Source: CTech, December 21, 2022)

Yaffa Cohen-Ifrah Joins Sapiens Leadership Team
(Source: PR Newswire, December 19, 2022)

Yoram Tietz to Join General Atlantic as Senior Advisor in Israel
(Source: Business Wire, December 13, 2022)
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IVC-LeumiTech Israeli Tech Review Q3/2022 is out now!

In a nutshell: In Q1–Q3/2022, Israeli high-tech companies raised $12.3 billion in 538 deals. In Q3/2022, $2.6 billion were raised in 143 deals. The numbers for the first nine months of 2022 show the extent of the slowdown in almost all parts of the Israeli tech economy, except in early-stage companies.
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Number of startups in Tel Aviv in Israel 2017-2021
 
Published by Eyal Lichter, Dec 7, 2022
 
According to the IVC Research Center, in 2021, the number of startups in Tel Aviv, Israel, amounted to 1,363. This was a slight decrease compared to the previous year. Overall,
the number of startups increased during the observed period, except for a decline in 2021.
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Recently Published Insights, Reports and Posts by IVC (2021-December 2022)
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Upcoming Israeli High-Tech Events & Webinars (December 2022-May 2023)
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IVC Updates & Contact Information
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