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Monthly Archives: July 2021
The largest Israeli Nasdaq launch
Israel’s IronSource has begun trading on the US Nasdaq following its $11 billion SPAC (special purpose acquisition company) merger and the biggest public offering in Israel’s history. IronSource will receive $2.15 billion to expand its platform for app developers. It … Continue reading
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Holy peanut butter
Israeli anesthesiologist Dr. Jason Cohen sells 100% Israeli peanut butter. He founded the startup Holy Butter when he found that Israeli brands mainly use Chinese peanuts or peanut powder while Israel exports 70% of its very high-quality home-grown peanuts to … Continue reading
Posted in Economy & Business
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Investment in Israeli startups (4/7/21)
IronSource raised $2.15 billion (IPO); SentinelOne raised $1.2 billion (IPO) Gong raised $250 million; Noname Security raised $60 million; BreezoMeter raised $30 million; Zencity raised $30 million; Multinarity (renamed Sightful) raised $28 million; Juno Journey raised $19 million; Home365 raised … Continue reading
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Even larger seed
Back in April (see here previously), Israel’s Talon Cyber Security raised $26 million in what at that time was Israel’s largest ever initial funding of a startup. Now Israel’s mixed reality startup Multinarity (renamed Sightful) has just emerged from stealth … Continue reading
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The highest value private Israeli startup
Israel’s Gong (see here previously) is already a Unicorn, but its latest round of funding has raised its value to a huge $7.2 billion. It is the highest valuation ever achieved by an Israeli startup in a financing round. Gong … Continue reading
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The largest IPO by a cybersecurity firm
Shares of Israeli-founded cybersecurity firm SentinelOne have begun trading on the New York Stock Exchange. The company raised $1.2 billion – the largest ever initial share offering by a cybersecurity firm. The IPO price gave the company a market valuation … Continue reading
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Zerto exits for $374 million
US multinational Hewlett Packard Enterprise is buying Israel’s Zerto for $374 million. Zerto’s products are used by 9,000 customers globally, providing them with disaster recovery, ransomware protection, and data and application cloud services. https://www.timesofisrael.com/hewlett-packard-enterprise-buys-israels-zerto-to-expand-cloud-data-protection/
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Big Deal
In one of the biggest deals ever between two Israeli companies, DevOps specialist JFrog has acquired VDoo and its automated product security platform for $300 million. It triples JFrog’s team of security experts (engineering, marketing, and sales) with employees located … Continue reading
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World’s first cultured meat-production plant
Israel’s Future Meat (now Believer – see here previously) has opened the world’s first industrial cultured meat facility in the city of Rehovot. It has the capability to produce 500 kilograms of slaughter-free meat products a day – equivalent to … Continue reading
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The UK chooses Israel’s Trophy
The UK Ministry of Defense has chosen the Trophy Active Protection System, from Israel’s Rafael to protect its Challenger 3 tanks from missile threats. https://www.jns.org/uk-ministry-of-defense-chooses-trophy-protection-system-to-boost-its-defenses/
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