In 2024, more Israeli high-techs raised cash than in 2023
IVC-Leumi Tech report: Despite ongoing war and the resulting economic complications, 2024 was a better year for Israeli high-tech companies than 2023.
IVC-Leumi Tech report: Despite ongoing war and the resulting economic complications, 2024 was a better year for Israeli high-tech companies than 2023.
Could this be the beginning of a resurgence for Israeli tech investment after a significant decline in recent months?
A closer look at Israel’s robotics tech industry gives a hint about how the country would fare if this will be AI’s next frontier.
During war, in Q4/2023 Israeli tech companies raised $1.45 billion in 75 deals, a decrease of 15% and 16%, respectively, compared to Q3/2023.
NEXT will provide its products to Allstate customers, expanding its footprint to even more small businesses nationwide.
Tel Aviv-based unicorn is now valued at $3 billion, boasting Carlsberg and TAG Heuer among its clientele.
Israeli high-tech companies raised $1.676 billion in the third quarter of 2023 — 14% less than Q2, but almost no change compared to Q1.
In a sluggish economy, this Israeli generative AI startup has achieved the second-largest raise of the year.
IVC and LeumiTech report shows $1.72 billion raised in the first quarter, 70% less than in Q1/2022.
Despite the economic downturn, several Israeli companies announced funding rounds of $100 million or more in August.
38 transactions of over $100 million each completed in the first half of the year amounted for approximately 50% of the fundraising.
Topping the list was $543 million for Transmit Security, a startup dedicated to banishing passwords from online identity authentication.
Two unicorns – Trax Image Recognition and Redis Labs — helped push total funding for the first week of April to more than $1 billion.
Next raises $250m, Yotpo $230m, Orca $210m, Incredibuild $140m and Wiz $130m, capping a quarter when cybersecurity companies took in $1.5 billion.
Rapyd reports a base of around 5,000 businesses, gaining approximately 500 new customers every week.