Tagged: israel

September 29, 2024 @ 12:31 pm By Michael Wong  |  

Israel officially joined the Asian Development Bank (ADB) as its 69th member and 20th nonregional member on Thursday, after fulfilling all necessary membership requirements. Israel submitted its application for ADB membership in January 2022. The ADB Board of Governors approved the membership on April 14,… Read More

September 25, 2024 @ 7:56 pm By JD Alois  |  

Global online investment platform OurCrowd has appointed a new Chief Operating Officer. Yuval Illuz previously worked at Standard Chartered Bank where he focused on innovation and disruptive technologies, according to Calcalistech. Jon Medved, founder and CEO of OurCrowd, commented on the new hire: We are… Read More

September 16, 2024 @ 9:02 am By JD Alois  |  

For years, OurCrowd has consistently ranked as a top venture capital fund in Israel. In a recent report issued by KPMG, OurCrowd was once again highlighted as the most active large VC in Israel during the first half of 2024. OurCrowd is an online investment… Read More

September 9, 2024 @ 8:11 am By Omar Faridi  |  

Sedric AI, the compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation “from Amex Ventures, brings… Read More

August 29, 2024 @ 10:36 am By JD Alois  |  

Crypto launchpad Gems is reporting having raised $198 million to “unearth genuine gems in the Web3 landscape. The Israel based entity explained the money will be divvied up among its first three projects. The launchpad is said to bring together a huge network of investors,… Read More

August 27, 2024 @ 8:35 am By Omar Faridi  |  

Revolut has reportedly signed a global Visa Direct agreement for cross-border business transfers. Revolut has joined forces with Visa in order provide business clients with instant card transfers for cross-border transactions. Digital bank Revolut officially announced that it entered an agreement with Visa Direct agreement… Read More

August 25, 2024 @ 9:40 am By Omar Faridi  |  

The Bank of Israel announces the issuance of an identification code to a second global fintech company that has chosen to operate in Israel as “a participant in a controlled payment system” – Revolut Ltd. Participants in the Israeli payment systems are “identified using a… Read More

August 13, 2024 @ 1:28 pm By JD Alois  |  

Artificial intelligence (AI) firm Groq has raised $640 million in a funding round led by BlackRock Private Equity Partners. Other existing and new investors included Neuberger Berman, Type One Ventures, and strategic investors, including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung… Read More

July 30, 2024 @ 8:00 am By JD Alois  |  

Blue Tree Technologies, a Foodtech that removes sugar from common foods, has raised $2.26 million in a funding round led by online investment platform OurCrowd. Sucden Ventures also participated in the funding round. Founded in Israel in 2020 by Didier Toubia, a co-founder and former… Read More

July 24, 2024 @ 1:13 pm By JD Alois  |  

Dazz, a cybersecurity firm, reports having closed a $50 million funding round. Greylock led the round, which included Cyberstarts, Insight Partners, and Index Ventures. In total, Dazz has raised $110 million in funding. Launched in 2021, Dazz focuses on “legacy vulnerability management” and addressing these… Read More

July 18, 2024 @ 4:02 pm By JD Alois  |  

Online investment platform OurCrowd has invested in CytoReason as part of an $80 million funding round. OurCrowd joined a group of big names in supporting the firm as NVIDIA, Pfizer, and Thermo Fisher all participated in the funding round. Bank Hapoalim was said to have… Read More

July 1, 2024 @ 5:47 pm By JD Alois  |  

After an extended period of tepid activity in the private securities markets, private tech firms in Israel experienced an increase in funding during Q2 2024. According to the IVC—Leumitech report, private funding hit $2.9 billion for 110 funding rounds during the second quarter. If you… Read More

June 20, 2024 @ 10:25 am By Omar Faridi  |  

Bluevine is reportedly laying off around 12% of its Israel-based workforce. Bluevine says it is on a mission to enable “a better financial future for small business owners through innovative banking solutions designed just for them.” By combining technology and security with their team’s expertise… Read More

June 18, 2024 @ 11:21 am By JD Alois  |  

Zencity has raised $40 million in Series C funding, according to the company. The Artificial Intelligence (AI) firm aims to offer community engagement platforms for local governments. The funding round was led by StepStone Group, with participation from existing investors TLV Partners. In total since inception,… Read More

June 16, 2024 @ 3:52 pm By Michael Wong  |  

Fhenix, an Israel-based company specializing in Layer 2 blockchain technology that leverages fully homomorphic encryption (FHE), has successfully closed a $15 million Series A funding round. The round was led by Hack VC, with additional investments from Dao5, Amber Group, Primitive, GSR, Collider, and Stake… Read More

June 10, 2024 @ 11:56 am By JD Alois  |  

Space and space entrepreneurship is a hot sector of innovation. Beyond the high-profile space ventures being pursued by Elon Musk and Jeff Bezos, the “space economy” represents a significant opportunity for firms seeking to provide services or technology to advance space exploration and science. According… Read More

June 3, 2024 @ 3:45 pm By JD Alois  |  

Cyabra, a proactive artificial intelligence solution designed to sniff out fake news and other bogus information, such as fake profiles, has posted a report on the forthcoming Presidential election and the activity of fake campaigns targeting the Biden and Trump campaigns. According to the report,… Read More

May 14, 2024 @ 1:13 pm By JD Alois  |  

Stating they are one of the very few VC firms that are truly global, Accel is reporting that it is raising a $650 million fund to support early-stage ventures in Europe and Israel. Accel opened its London office in 2000 as one of the first… Read More

May 8, 2024 @ 5:06 pm By JD Alois  |  

Identity firm Token Security has raised $7 million while announcing it has emerged from stealth mode. The seed round was led by TLV Partners and SNR, along with multiple angel investors, including Shlomo Kramer, who is described as a founding father of cybersecurity in Israel…. Read More

May 8, 2024 @ 9:47 am By JD Alois  |  

Panax, a cash management platform powered by AI [artificial intelligence] and Open Banking, has raised $10 million in Series A funding. To date, Panax has raised $15 million. Panax targets mid-market and large firms with complex treasury demands. The service enables the management of numerous… Read More