Israeli startups raised $450m in January

Dollars Photo: Shutterstock

Startups raised $450 million last month, after the record $6.4 billion raised by startups in 2018.

Israeli startups raised over $450 million during January, according to press releases issued by companies that have completed financing rounds. The figure may be more as some companies prefer not to publicize the investments they have received. This figure is a relatively slow start to 2019 and well below the pace for 2018, when according to IVC-ZAG, Israeli startups raised a record $6.4 billion, up from $5.24 billion in 2017. However, it beats the sluggish start to 2018, when Israeli startups only raised $260 million.

As usual, most of the money raised last month, was in large financing rounds by a small number of companies. More than half of the $450 million was raised by just seven companies.

Cybersecurity company Cato Networks led with a $55 million financing round. Medical monitoring company EarlySense raised $39 million, video ad company Innovid raised $30 million, IoT semiconductor Wiliot raised $30 million, and cloud storage solutions company Pliops also raised $30 million. AI machine health solutions company Augury raised $25 million and transcription company Verbit raised $23 million.

Published by Globes, Israel business news - en.globes.co.il - on February 6, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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Dollars Photo: Shutterstock
Dollars Photo: Shutterstock
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