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Looking back at May: For the 3rd month in a row, Israeli startups raise $2B
While the Israeli startup ecosystem continued to hold the funding bar above $2B, last month s big story centered around M&A activity Oshry Alkeslasi / 1 Jun 2021 • 4 min read
Following two record-breaking months, where Israeli startups raised $2.7 billion and $2.3 billion respectively, the “dip” has come. Kind of. In May, the startups secured just $2 billion in funding, covering 41 total deals. This may be a drop off compared to previous months - but still keeping up the record-setting average for the ecosystem.
Startup exits making a major comeback
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The funding keeps coming: Wiz adds another $120M from Salesforce
The Israeli startup hasn t celebrated its second birthday yet, and after earning quickest to Unicorn status is back with another nine-digit funding round Idan Ben Tovim / 25 May 2021 • 2 min read
The relatively new startup founded by Assaf Rappaport has yet to celebrate its second birthday, but that doesn’t seem to bother the company from completing yet another 9-digit funding round, which are usually preserved for veteran companies. According to a Bloomberg report, Wiz has secured $120 million from Salesforce.
“Records may have been broken”
Wiz develops cloud security systems that provide enterprises with complete visibility over their cloud environment; helping detect vulnerabilities, faulty configurations, and authentication issues. The platform allows CISOs to mo
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NVIDIA invests in VAST Data s $83M D round, and bumps its valuation to $3.7B
Israeli startup VAST Data just got in the Unicorn club a year ago, and already triples its valuation. The company was particularly proud of its impressive sales numbers over that same time Oshry Alkeslasi / 4 May 2021 • 2 min read
VAST Data is an Israeli startup developing flash based storage software, and today (Tuesday) the company announces the closing of an $83 million Series D funding round. The investment was led by Tiger Global Management, alongside existing investors and participation from NVIDIA. The round was done at a post money valuation of $3.7 billion, which means the company had tripled its valuation - $1.2B - since it joined the Israeli Unicorn club last year.
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Looking back at April: Over $2B in funding finds its way to Israeli startups
A new Unicorn, five acquisitions, and one exceptional day of VC funding. This what Israeli startups did in April Oshry Alkeslasi / 3 May 2021 • 4 min read
Following a record-setting month, where 6 Israeli companies joined the Israeli Unicorn club and $2.7 billion in funding found its way to Israeli startups - April continued the trend in full force. Last month 40 different startups raised a combined $2.29 billion.
Is the peak behind us?
You really can’t start dissecting April 2021 performance without noting April 7th - the day where 4 Israeli companies, alone, brought in over $1 billion in funding. Trax, which raised almost a third of the month’s sum, led the pack together with Redis Labs, WhiteSource, and BlueDot - for a total of $1.057 billion. We wanted