Summary:
$700 million raised by Israeli startups in November.
Cyera led the funding with a $300 million Series D.
Eon achieved unicorn status with $70 million raised.
ScaleOps and Pyramid Analytics secured $58 million and $50 million respectively.
Innovative startups are addressing challenges in healthcare, cybersecurity, and publishing.
November 2024: A Booming Month for Israeli Tech Funding
Around $700 million were raised by Israeli startups across 17 deals during November. Almost half of this funding came from Cyera, which raised a $300 million Series D, bringing its total funding in the last seven months to $600 million.
Notable Funding Rounds
Other significant rounds included:
- Eon raising $70 million and achieving unicorn status.
- ScaleOps, which netted $58 million.
- Pyramid Analytics securing $50 million.
Full List of November Deals
The article lists funding rounds of over $5 million that were officially announced during November, showcasing the vibrant Israeli startup ecosystem.
Emerging Startups
- An Israeli startup raised $21 million in its Seed round, led by Sequoia Capital, with a post-money valuation of $100 million.
- Another startup has been likened to "the next Wiz" due to its rapid fundraising trajectory and high-caliber team, achieving unicorn status in less than 12 months.
- Appcharge helps mobile game publishers sell virtual items directly to players, retaining up to 95% of their revenue.
- A cybersecurity unicorn plans to grow its workforce from 400 to 600 employees by the end of 2025, aiming to become the CrowdStrike of data security.
Innovation in Various Sectors
- Twine’s AI platform automates key security tasks, starting with identity management.
- A startup's platform uses large language models (LLMs) to help biotech companies discover better-performing drugs faster.
- Spines aims to publish 8,000 titles by 2025 by making publishing faster and cheaper.
- A platform that enables brands to engage customers across all channels, leveraging digital engagement and generative AI.
- Solutions for preventing costly billing errors for companies like Mattel and DavidShield.
- A platform that automates cost savings for enterprises managing cloud resources, helping to avoid wasted spending.
- Kardome’s spatial hearing software enables devices to respond to natural, voice-driven interactions, implemented in over a million devices.
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