Winter fails to appear in Israel; 36 startups raise $547m in June
Photo credit: Moyan Brenn .
Startups in Israel continue to raise the bar and set standards for tech ecosystems around the world. A total of 36 startups from the country raised a combined US$547 million from investors, according to data compiled by Israeli techies Nir Ben and Hillel Fuld. That's despite all the talk of an impending credit crunch and weakening VC appetite.
To give you some context, Israeli startups pocketed an average of US$300 million every month in 2015. June's figures mean they're on course to smash that record – and perhaps double the average – by the end of the year.
Here are all the funding announcements in June:
Meta is an augmented reality startup which develops both hardware and software. It nabbed US$50 million in series B funding to expand its range of products and scale into markets like China. The round was led by Horizons Ventures.
Interlude is a nifty new media and technology company that's trying to develop different kinds of videos which respond to a person's emotions and interests. It raised approximately US$50 million (exact terms were undisclosed) from Sony Pictures Entertainment.
Trax is headquartered in Singapore but has Israeli founders and maintains a large research and development office in Tel Aviv. The startup builds computer vision technology products for the retail and "fast-moving consumer goods" sectors, helping brands get more control over how their products are arranged on shelves. It raised US$40 million in series C at a valuation of US$220 million.
Weka is trying to radically simplify the way storage is deployed in datacenters. It works mainly with enterprise and cloud companies. The startup got US$22.5 million in series B led by Walden Riverwood Ventures.
SundaySky generates personalized videos based on user profiles every time they visit a website. It's trying to help businesses engage with their customers better. The startup raised US$30 million series D led by Viola Private Equity.
EarlySense is a startup developing electronic devices for remote monitoring and follow-up of patients. Its tech uses non-invasive sensors which detect things like cardiac activity and respiratory rate. EarlySense secured US$25 million in series G financing led by Pitango Venture Capital.
Nexar helps avoid traffic accidents by turning your smartphone into a dashboard camera. The app continually monitors vehicles and uses machine learning to understand how cars are moving on the road. It raised US$10.5 million led by Mosaic Ventures and True Ventures.
Gong is an artificial intelligence startup that uses machine learning to help close business sales. It does so by analyzing thousands of effective sales pitches. The startup hooked US$6 million in series A funding led by Norwest Venture Partners.
Sixgill is a cybersecurity startup capable of scraping data and collecting information from the dark web. It uses that to warn enterprises and individuals of impending attacks. The startup raised US$5 million led by Elron Electronic Industries.
Fortvision helps people surfing the web view content without leaving the website they're currently on. What this means is that while surfing a news website, for example, a user can click on an icon of a pizza and view content from the manufacturer without redirecting to another site. It raised US$2.5 million from private investors.
AppFront helps restaurants automate bookings via Facebook Messenger bots. It also provides stores with analytics to help improve engagement and increase sales. The crew raised US$1.5 million in a funding round led by 500 Startups.
Comeet is a collaborative hiring platform for high-growth companies. It helps streamline hiring processes and uses analytics to make smart assessment decisions. The startup raised US$1.2 million in seed funding from private investors.
See the article online here: https://www.techinasia.com/israel-startups-funding-june