Israeli startups raise over $550m this month

Startup

Over the past week alone, 9 startups have raised $148 million, led by ForeScout Technologies, which raised $76 million.

"Globes" is keeping track of the unprecedented amount of money being raised by Israeli startups in 2016. Over the past four weeks, Israeli startups have raised an astonishing $556.4 million. IVC reported earlier this week that Israeli tech companies raised a record $4.43 billion in 2015, 30% more than in 2014. Clearly at the current rate of financing rounds being closed, 2016 will be another record year.

Over the past week alone, 9 startups have raised $148 million led by ForeScout Technologies, which raised $76 million. Monitoring control company mPrest raised $20 million, as did cyber security company Fireglass, while change conversion company TravelersBox raised $10 million. Other startups raising money over the past week included Internet of Things company Seebo ($8.5 million), mobile security company Nubo ($7 million), cyber security company imVision ($4 million) and SaaS company Memeni $2.5 million.

In the first three weeks of January, three startups each raised $50 million: DevOps developer JFrog, data recovery and protection company Zerto, and business intelligence and analytics company SiSense.

Other major financing rounds included fintech invoice factoring startup BlueVine, which raised $40 million, and flash storage company Elastifile, which raised $35 million, and clouds solution company GigaSpaces raised $20 million. In addition, chip startup MultiPhy raised $17 million, and IoT developer Neura raised $11 million.

In the field of healthcare, chronic heart treatment device developer V-Wave raised $28 million and bone regeneration company CartiHeal raised $15 million. Both these investments were led by Johnson & Johnson. Ultrasound developer Insightec raised $22 million, and catheter developer Pi-Cardia raised $10 million.

Only 17% of money raised by startups was in biomed with Internet-of-Things, cyber security, and cloud computing the hot topics in the IT sector.

Published by Globes [online], Israel business news - www.globes-online.com - on January 28, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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