Israel Active

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 Europe. He also sells 100% Israeli almond butter.

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Back in April (see 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 mode by announcing $28 million of seed funding.  And it’s still a secret!

Israel’s Gong (see 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 has 2,000+ clients and is now expanding to Europe.

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 of nearly $9 billion.

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.

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 in Israel, Germany, Japan and North America.

Israel’s Future Meat (now Believer - see 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 5,000 hamburgers.

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.

Israel’s Rafael has established the Israeli Operational Technologies Cyber Consortium to provide cyber security for operational technologies in Dubai. Its aim is to protect critical infrastructure in the UAE and elsewhere in the Gulf, including desalination plants, power plants and seaports.