More multinationals in Tel Aviv
Over the past year, multinationals have opened 16 new development centers in Tel Aviv in order to employ Israeli talent. Of the 107 multinationals, the new additions include Russia’s Yandex, SafeCharge (part of Canada’s Nuvei Corp) and Ford Motor Company. Tel Aviv has 2,000 startups.
Another $200 million for SentinelOne
US-based VC firm Insight Partners has led a $200 million investment in Israel-linked cybersecurity company SentinelOne. Previous investments valued SentinelOne as a Unicorn (companies worth over $1 billion). The new funds provide SentinelOne with money for strategic acquisitions.
A high-yielding acquisition
Israel Chemicals Ltd (ICL) has taken over North Carolina-based Growers Holdings. Growers develops technology that collects and turns manual and machine-generated farm data into planting and fertilization recommendations, aiming to generate higher agricultural yields.
Medical device company exits to expand
US-based Integer holdings has taken over Israel’s Inomec which plans to expand its team following the acquisition. Inomec’s makes laparoscopy systems, catheters and devices for brain and head surgery. Integer plans to turn Inomec’s offices into its Israeli R&D and sales office.
Simplee a good deal
Israeli healthcare payments startup Simplee (incorporated as Simplificare) has been taken over by US-based Flywire Payments Corporation for a reported $100 million. Simplee enables healthcare providers to offer patients personalized payment plans.
K Health is going global
When originally reported , the Israeli medical diagnosis app K Health was available only in Israel and only in Hebrew. It now has 3 million active users in 47 U.S. States. K Health has just raised $48 million for expanding to South America and Asia Pacific, plus the coverage of more illnesses.
Seagate to open Israeli innovation center
US storage giant Seagate is opening a Tel Aviv innovation center, Lyve Labs Israel, with the intention of working with Israeli companies. Seagate has been active in Israel for over a decade and has invested around $90 million in Israeli companies.
Marketing Israeli startups to German Industry
Start-Up Nation Central and the Bavarian ministry have signed an agreement to introduce Israeli startups to German manufacturers based in Bavaria, including Siemens, BMW, and Audi. It is in addition to the Bavaria Israel Partnership Accelerator program founded in 2015.
Forescout exits for $1.9 billion
Israeli-founded cybersecurity company ForeScout was reported in Nov 2018 when it paid $113 million for a US-Dutch company. Now Forescout itself has been bought by US-based Advent International for $1.9 billion, eclipsing the $1.1 billion that Insight paid for Israel’s Armis.
Sisense becomes a Unicorn
Israeli business intelligence company Sisense has just raised $100 million from US-based VC and private equity firm Insight Partners. It gives Sisense a valuation of $1.1 billion dollars – joining the “club” of over 20 other Israel companies with “Unicorn” financial status.