
Israeli startups raise mega rounds amid recession
Despite the economic downturn, several Israeli companies announced funding rounds of $100 million or more in August.

Despite the economic downturn, several Israeli companies announced funding rounds of $100 million or more in August.

Innoviz Technologies of Rosh Ha’ayin raised the most, closing a $132 million funding round.

Guesty, OwnBackup, LawGeex, GamEffective, PlaySight Interactive, Genie Enterprises and ScyllaDB each raise at least $10 million.

Israeli startup Guesty remotely manages 2,000 Airbnb properties and is eyeing other vacation-rental websites.