Israeli high tech

Illustrative image of a team on the peak of mountain; high valuations, reaching goals (FotoMaximum; iStock by Getty Images)

Israeli tech surges with investors jumping in as COVID spurs digitalization

Israel created unicorns at the astounding rate of one a week in Q1 this year; experts say corrections may come, but tech is on a long-term upward trend

Israeli tech raises whopping $10.5 billion this year, topping 2020 record total

By Shoshanna Solomon

Israel’s WalkMe raises $287 million in Nasdaq IPO at $2.5 billion valuation

By Shoshanna Solomon

Good news and bad news: Israel’s maturing ecosystem means plunge in new startups

By Shoshanna Solomon and AFP

Lendbuzz co-founders. right to left, Amitay Kalmar, CEO; Dr. Dan Raviv, CTO (Weifan Chen)

From the WebJune 23, 2021, 6:22 pm

Lendbuzz gets $60 million Series C and $300 million in debt financing

Fintech firm has developed software to help individuals underserved by credit system to purchase car

Illustrative image of an assortment of fresh fruits and vegetables juices (AlexRaths; iStock by Getty Images)

June 23, 2021, 12:28 pm

Cutting back sugar from juices, startup seeks to tackle oversweetness

Rehovot-based Better Juice raises $8 million from investors to set up manufacturing plant for bioreactors that use enzymatic process to reduce sugar but retain flavor

By Shoshanna Solomon

Edete Precision Technologies for Agriculture's automated pollination machines among pistachio trees (Courtesy)

June 22, 2021, 4:49 pm

Agtech startup Edete brings tech to wind-pollinated crops for better yield

Company’s process aims to replace the wind in the pollination of pistachios, followed by other crops

By Shoshanna Solomon

Illustrative. A payments system hacker. (Welcomia; iStock by Getty Images)

June 22, 2021, 1:05 pm

Transmit Security, aiming to end passwords, gets massive $543 million in A round

Funding is at valuation of $2.2 billion for 7-year old biometric-authentication firm; deal is ‘largest A round in cybersecurity history,’ company says

By Shoshanna Solomon

Employees of SentinelOne in Tel Aviv (Courtesy)

June 21, 2021, 6:29 pm

Cybersecurity firm SentinelOne seeks $7 billion valuation in NY IPO

Founded in 2013, SentinelOne’s AI-based software aims to protect laptops and cellphones from security breaches by flagging unusual behavior in enterprise networks

By Shoshanna Solomon

An illustrative image of a mobile phone connected to a 5G Network (AndreyPopov; iStock by Getty Images)

June 21, 2021, 4:06 pm

Israel’s Cellwize to supply Intel with software that launches 5G networks

Intel will provide chipsets powered by Cellwize in ‘potentially multi-million dollar’ deal

By Shoshanna Solomon

Yaron Carni, fourth from left, David Friedman, center, and Steven Mnuchin, sixth from left, at the offices of Maverick Ventures Israel meeting with local entrepreneurs; June 17, 2021 (Michael Novoselov, Perimiter81)

June 21, 2021, 3:45 pm

Steven Mnuchin, David Friedman visit Tel Aviv to check out startups

Mnuchin is setting up investment fund backed by Gulf states; during visit last week, the US visitors were hosted by investment firm Maverick Ventures Israel

By Shoshanna Solomon

The Simply Piano app by JoyTunes (YouTube screenshot)

June 21, 2021, 1:09 pm

Music-app maker JoyTunes said to be new Israeli unicorn with Google investment

Tel Aviv startup raises $50 million at $1 billion valuation from investors led by Google’s venture arm, which injected half of the amount, Calcalist says

By Shoshanna Solomon

Clair Labs has developed a sensor-based device that provides contactless monitoring of patients for their physiological markers by tracking light particles reflected off their skin. The device here is mounted at the side of a hospital bed (Courtesy)

June 20, 2021, 4:00 pm

Clair Labs raises $9 million to monitor patients remotely by ‘reading skin’

Tech developed by the Tel Aviv startup is able to monitor heartrate, airflow, temperature, by catching light reflected from skin

By Shoshanna Solomon

Illustrative image of a hacker (gorodenkoff; iStock by Getty Images)

June 17, 2021, 3:57 pm

Industrial cybersecurity firm Claroty raises $140 million from investors

The new funds will be used to speed up sale of the company’s software, which protects factories and industrial plants from virtual attacks

By Shoshanna Solomon

The monday.com team opens trade on the Nasdaq on June 10, 2021 (Nasdaq)

June 17, 2021, 3:36 pm

Israeli shares traded on Wall Street reach massive $300 billion valuation

Calcalist: The aggregated value of the shares of the 85 Israeli companies traded in the US accounts for 75% of Israeli GDP, and is more than market cap of shares on the TASE

By Shoshanna Solomon

Illustrative image of a cancer patient (KatarzynaBialasiewicz; iStock by Getty Images)

June 17, 2021, 12:02 pm

Israel’s OncoHost, UK’s NHS to study cancer patient responses to immunotherapies

Startup’s blood test aims to predict which cancer patients will react better to treatment; 8 clinical trials will be set up in the UK

By Shoshanna Solomon

A woman undergoing CT scan as part of cancer screening (Drazen Zigic via iStock by Getty Images)

June 16, 2021, 6:17 pm

Immunotherapy startup KAHR gets $46.5 million from investors

Funding will help advance the clinical development of firm’s flagship drug for the treatment of solid and blood cancers via multiple clinical trials

By Shoshanna Solomon

The Tel Aviv office of Israeli startup Cortica; Feb. 12, 2019 (Shoshanna Solomon/Times of Israel)

June 16, 2021, 5:32 pm

Good news and bad news: Israel’s maturing ecosystem means plunge in new startups

Last year saw just 520 startups set up, way down from 1,400 in 2014; Innovation Authority says policies must cater to both startups and later-stage firms

By Shoshanna Solomon and AFP

The Nasdaq building in Times Square in New York. (littleny, iStock by Getty Images)

June 16, 2021, 2:20 pm

Israel’s WalkMe raises $287 million in Nasdaq IPO at $2.5 billion valuation

Tel Aviv-based firm, founded in 2011, is a maker of software to help website owners and software developers give onscreen guidance to users; shares start trading Wednesday

By Shoshanna Solomon