Israel Active

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Cybersecurity Island.io (see previously) has just become Israel’s latest financial Unicorn by raising $115 million at a valuation of $1.3 billion. Capitolis (see ) raised $110 million at a valuation of $1.6 billion. Meanwhile, Israel’s RapidAPI (see ) raised $150 million at a $1 billion valuation.

Israel’s Marpai is a third-party administrator (TPA) for firms that manage a self-funded health insurance program. It acquired Continental Benefits, cutting its claim costs from $8 to $3 and now aims for $1. Marpai uses AI to predict and improve the health of a member firm’s employees.

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Israel’s Perception Point (see previously) has acquired Israel’s fellow cybersecurity Hysolate (see previously). Intel is to acquire Israel’s Granulate (see previously) for $650 million.

Asher Bennett (brother to the Israeli PM), is founder of Tevva Electric Trucks (see previously). “We're trying to do something good for the world," he told Calcalist's “Mind the Tech London” conference. Tevva now operates 100 electric delivery trucks in and around London.

Israel’s SuperCom (see previously) has just won another European contract, this time with Croatia. The Ministry of Justice and Administration of Croatia will deploy SuperCom's PureSecurity Electronic Monitoring (EM) Suite to track offenders outside of the prison system.

Israel’s Qumra Capital is launching a second cohort in its mentorship program to help guide new startup CEOs. During the six-month program, 10 participants will receive first-hand insight and tools to help them set and achieve growth goals and milestones.

Israel’s Glilot Capital Partners (see previously) has raised $220 million for its fourth Seed fund. It is double the size of its previous fund and will invest in Israeli startups in the areas of cybersecurity, enterprise software and developer tools. Meanwhile, Israel’s Vertex VC has raised $400 million.

Israel’s Autotalks (see previously) has received three large orders for its V2X (Vehicle-to-Everything) communications solutions. It will provide its V2X chipsets to three top auto manufacturers in Europe, Japan, and China. It doubles Autotalks orders pipeline to $200 million.