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Thursday, September 1, 2022
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 |
| 467 |
3,004 |
9,474 |
| # of Unicorns |
Capital Raised in 2022 by Private Companies ($m) |
| 88 |
11,715 |
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*New Additions to IVC Database This Week
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| Financing Rounds |
Investors |
High-Tech Companies |
| 7 |
2 |
13 |
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Selected (*) Recent Database Additions & Activity (August 26 - September 1)
- CaVos Biotech (Diagnostics, Machine Learning)
- Team.me (Artificial Intelligence, HR Tech)
- Metha (Climate Tech, FoodTech)
- Kubiya (Artificial Intelligence, DevOps)
- RNAble (Biotechnology, Cancer)
- Tufin ($570m, Acquired by Turn/River Capital and Lion Investment Partners)
(*) 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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SentinelOne more than doubles revenue, optimistic about outlook
The cybersecurity company reported quarterly revenues of $102.5 million and an increase of 122% in ARR.
(Source: CTech, September 1, 2022)
Microsoft’s Climate Innovation Fund launches in Israel
The tech giant’s $1 billion Climate Innovation Fund is recruiting Israeli clima-tech startups.
(Source: Globes, August 31, 2022)
Insurtech co Fairmatic raises $42m, to open Israel R&D center
Fairmatic is using big data and AI to disrupt the commercial auto market for company fleets.
(Source: Globes, August 31, 2022)
Israeli chip co Newsight Imaging agrees SPAC merger
The Ness Ziona-based company has developed advanced CMOS image sensor chips for 3D machine vision and spectral analysis, for lidar laser sensors for autonomous cars.
(Source: Globes, August 31, 2022)
The return of the exit to Israeli high-tech: Who will survive?
How the turbulent market is affecting Israeli tech and shifting end-goals.
(Source: Geektime, August 30, 2022)
Rothschild & Co launches Wealth Management representative office in Israel
High-tech boom among reasons Rothschild & Co believes Israeli market has huge potential for its Wealth Management business.
(Source: CTech, August 30, 2022)
Kli Capital transitions from family office to institutional VC for $50 million Fund III
The firm mainly backs companies in the U.S. and Israel, but will also invest in emerging markets.
(Source: TechCrunch, August 29, 2022)
ironSource - Unity merger moves ahead
If the merger is canceled, the company pulling out of the deal must pay the other a $150 million fine, a SEC filing reveals.
(Source: Globes, August 28, 2022)
Otonomo to lay off dozens of employees after losing over 90% of value
Just a year after it went public via a SPAC merger at a value of $1.26 billion, Israeli autotech company Otonomo has seen its market cap plummet to a mere $62 million.
(Source: CTech, August 28, 2022)
Fortissimo buys control of pharmaceutical co CTS
The Israeli private equity firm will pay NIS 150 million for an 80% stake in CTS Group.
(Source: Globes, August 28, 2022)
Turn/River Capital Completes Acquisition of Tufin
Tufin®, a pioneer of policy-centric approach to security and IT operations, today announced the completion of its acquisition by Turn/River Capital, an operationally-focused software investment firm, in an all-cash transaction valued at approximately $570 million. Lion Investment Partners will be co-investing alongside Turn/River.
(Source: GlobeNewswire, August 25, 2022)
Transportation Ministry moves to the cloud to reduce traffic and pollution
The ministry’s transition to the AWS cloud will enable greater analytics processing and could speed things up along Israel’s busy highways.
(Source: The Jerusalem Post, August 24, 2022)
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IVC on Israeli & Global Media (August-September 2022)
Israeli startups raised $1.1b in August
Israeli startups have raised $12.7 billion in the first eight months of 2022.
(Source: Globes, September 1, 2022)
What recession? Israeli startups raise over $700 million in 48 hours
Mega-rounds by DriveNets, Guesty, HiBob, and Pliops brought in a massive $682 million.
(Source: CTech, August 18, 2022)
Is the tech crisis over?
Four Israeli startups raised nearly $700 million combined this week but indications are it could still be too premature to pronounce the end of the crisis.
(Source: Globes, August 18, 2022)
Israel’s venture slowdown lags due to ecosystem’s founder mentality
(Source: TechCrunch, August 17, 2022)
A correction, not a burst bubble: Israeli tech sector grapples with market realities
A global economic slowdown is hitting companies at home and abroad; but there is cause for optimism, experts say.
(Source: The Times of Israel, August 15, 2022)
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Israel Tech Related New Appointments/Positions (August-September 2022)
Eyal Kenigsberg appointed as Head of Architecture at OwnBackup
(Source: CTech, September 1, 2022)
Primis Appoints Amir Rudner as VP of R&D
(Source: PR Newswire, August 30, 2022)
Bright Data Announces Leadership Expansion to Drive Continued Growth for 2023
(Source: Business Wire, August 30, 2022)
Remilk Names Tomer Harpaz Chairman of Its Board of Directors
(Source: PR Newswire, August 23, 2022)
Mastercard's and Enel-X's FinSec Innovation Lab names Dan Sarig as new CTO
(Source: CTech, August 23, 2022)
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| IVC-LeumiTech Israeli Tech Review Q2/2022
In H1/2022, Israeli high-tech companies raised $9.8 billion in 395 deals.
In Q2/2022, $4.12 billion were raised in 182 deals.
The numbers for H1 are impressive but still show clear signs of a slowdown in specific parts of the Israeli tech economy.
AutoDownload the report as a PowerPoint Show (.ppsx)
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Recently Published Insights, Reports and Posts by IVC (2020-September 2022)
*New
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Upcoming Israeli High-Tech Events & Webinars (September 2022-December 2022)
*New
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IVC Updates & Contact Information
*New
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