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ISRAEL AT WAR - DAY 623

financing

Founders (right to left) of Israeli quantum software startup Classiq: Nir Minerbi, Amir Naveh, and Dr. Yehuda Naveh. (Courtesy of Eyal Toueg)
May 12, 2025, 5:23 pm
Tel Aviv startup pulls in $110 million to become the ‘Microsoft of quantum computing’
Classiq has built a software platform to facilitate programming for quantum computers, which have the massive computational horsepower needed to address complex real-world problems
By Sharon Wrobel
Ilya Sutskever, Israeli-Canadian computer scientist and co-founder and then-chief scientist of OpenAI, speaks at a TED AI conference in San Francisco on October 17, 2023. (Glenn Chapman / AFP)
April 14, 2025, 6:26 pm
Google and Nvidia said to back OpenAI co-founder Sutskever’s safety startup
Safe Superintelligence, co-founded by Israel-raised Sutskever, raises $2b to hire top engineers in Tel Aviv and Palo Alto, and develop safe AI systems that are smarter than humans
By Sharon Wrobel
An illustrative image of a cloud concept for data. (Arkadiusz Warguła via iStock by Getty Images)
May 15, 2024, 9:19 pm
Israel data storage startup raises $140m, attains ‘unicorn’ status at $1.6b valuation
Nvidia-backed Weka is a developer of a software-based platform to help businesses manage AI workloads that demand massive volumes of data and computing power
By Sharon Wrobel
Founders of Israeli data startup Mine (from right to left): Kobi Nissan, Gal Ringel, and Gal Galon. (Courtesy)
December 5, 2023, 5:53 pm
Backed by PayPal and Nationwide, Israeli data privacy startup raises $30m amid war
Software developed by Tel Aviv-based Mine tells companies and consumers where their data is and how they are using it, to manage both data and privacy more efficiently
By Sharon Wrobel
UBQ Materials has developed a technology that takes unsorted household waste -- from banana peels to dirty diapers to used yogurt containers and cardboard -- and converts it into a bio-based thermoplastic -- a plastic substitute (Courtesy)
September 13, 2023, 3:02 pm
Cleantech startup that converts waste into eco-friendly plastic nabs $70 million
UBQ develops thermoplastic materials from household trash to make products such as trays for McDonald’s and automotive parts for Daimler; funding to support Europe, US footprint
By Sharon Wrobel
Illustrative: A scientist sits at his desk and consults an engineer about sophisticated coding and programming at a computer science research laboratory. (iStock by Getty Images)
August 30, 2023, 8:27 pm
Israeli startup raises $15 million to drive US expansion of clinical trial simulator
QuantHealth says its AI platform can predict results with 86% accuracy and support the success of faster, cheaper drug discovery and development
By Sharon Wrobel
Team at Tel Aviv-based cybersecurity startup Grip Security. (Courtesy)
August 22, 2023, 9:53 pm
Israeli cybersecurity startup nabs $41m in funding led by Daniel Loeb’s Third Point
Grip Security has built a security platform to help businesses manage identity risks and threats across their web applications and services
By Sharon Wrobel
Israeli startup Wint develops water leakage detection technology operated by an intelligence data system. (Courtesy)
August 10, 2023, 6:12 pm
Israeli smart water leak detection startup raises $35 million from funding round
Wint develops a water meter using machine learning to detect and stop leaks before they cause major damage; funding co-led by US VC Insight Partners and European climate tech fund
By Sharon Wrobel
Signing of financial closure of purple light rail project from right to left: Shapir Group CEO Israel Shapira, CAF CEO of Integrated Solutions Systems Urtzi Montalvo, NTA - Metropolitan Mass Transit System CEO Haim Glick, and HSBC Israel CEO Michael Israel, July 4, 2023. (NTA)
July 5, 2023, 3:34 pm
HSBC and Leumi to provide $1.1 billion in financing for Tel Aviv purple light rail
Line will run from the eastern part of the Tel Aviv metropolitan area via Ramat Gan and Givatayim to the city center
By Sharon Wrobel
NoTraffic's plug-and-play autonomous traffic management platform harnesses AI and computing to turn urban intersections into a single cloud-connected hub. (Courtesy)
June 27, 2023, 2:48 pm
Israeli traffic management startup raises $50 million to expand to Europe and Japan
Israeli startup NoTraffic says its smart traffic management system tracks live data from road users to optimize timing of traffic lights and reduces congestion by as much as 50%
By Sharon Wrobel
N-Drip's drip irrgation system in the US. (Martin Hobelman/N-Drip)
June 21, 2023, 9:10 pm
Agritech firm N-Drip raises $44 million in Liechtenstein-led funding round
Drip irrigation tech developer inks cooperation agreement for the marketing of its systems in rice fields in the US, India and other countries
By Sharon Wrobel
In this August 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew)
June 19, 2023, 6:15 pm
JPMorgan expands commercial banking business to Israel to cater to tech companies
US lender hires new banking team of 10 people to serve local startups and high-tech firms
By Sharon Wrobel
BlackRock's office in the Hudson Yards neighborhood of New York City. (AP/Ted Shaffrey)
June 8, 2023, 3:05 pm
BlackRock snaps up provider of loans to Israeli and European startups
With offices in Israel, Kreos lends to startups including Israeli taxi-hailing app Gett, energy tech firm SolarEdge, and biotech firm BiolineRX
By Sharon Wrobel
Illustrative: Elderly people walk together in downtown Jerusalem, September 11, 2022. (Nati Shohat/Flash90)
March 7, 2023, 7:48 pm
Insurtech startup raises $42.5m in fresh funds to help elderly ‘age successfully’
Funding follows partnerships with leading long-term care insurance carriers over the past year and members on startup’s platform soar by over 300%
By Sharon Wrobel
Illustration of an electric bus traveling along a stretch of Electreon smart road, recharging as it travels. (ElectReon screenshot)
January 22, 2023, 5:59 pm
Israeli startup raises NIS 40m to bid in ‘smart road’ electric tender in Sweden
Electreon passes pre-screening for tender to build Sweden’s first electric road along 42 kilometers, the longest stretch in the world
By Sharon Wrobel
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