iAngels Israeli Deal Digest – August 2018
Welcome to the iAngels Monthly Deal Digest, a summary of movements in the Israeli startup market.
This August we tracked 17 announced investment rounds totaling $326 million, with a notable focus towards later stages – This month there were no Seed rounds announced and only $26 million raised in A rounds across 6 startups.
Read on for the full scoop!
August 2018 Investment Highlights
Series A Rounds
- Driivz, a company who develops and sells a cloud-based electric vehicle charging network management software, has raised $12 million investment round led by British energy company Centrica PLC.
- Bosco (Alerteenz Ltd.), an app that lets parents monitor their children’s smartphone activities, has raised $4 million in a Series A funding round led by London-based investment firm Arie Capital Ltd. and Singapore-based venture capital firm FengHe Fund Management Pte Ltd.
- Air Doctor, an online marketplace for pre-vetted doctors that provide services to tourists in Europe and the Americas, has raised $3.1 million from Kamet, an insurtech incubator and a subsidiary of French insurance-focused holding company AXA SA.
- MOV.AI, a company that is working to create an ecosystem where developers, integrators, and manufacturers collaborate to develop the first industry-grade O/S for autonomous intelligent collaborative robots, has raised $3 million financing round from Viola Ventures and SF-based NFX.
- AudioBurst, a voice search platform that harnesses the power of AI and NLP to listen, understand, segment and index millions of minutes of daily voice content, has raised $3 million from Nippon Broadcasting System Inc.
- EcoPlant, a developer of a cloud-based monitoring system for infrastructure machines in industrial plants aimed to improve energy efficiency and equipment uptime, has raised $1.7 million in a Series A round led by Palo Alto, California-based venture capital firm Benhamou Global Ventures LLC.
Series B Rounds
- Spotinst, a startup that helps companies pay less for their cloud services by accessing excess capacity from cloud computing providers, has raised $35 million in a series B round of funding led by Highland Europe, with participation from Intel Capital, Vertex Ventures, and Leaders Fund.
- Carbyne, a developer of a new emergency callout platform that helps providers pinpoint a callers’ exact location and enable other services to improve and speed up communication and response times, has raised a $15 million financing round Led by Elsted Capital Partners, with participation from Founders Fund, the VC that has backed the likes of Facebook and Airbnb.
- Pagaya, a company that provides AI-based asset management solution for institutional investors, has closed a $14 million Series B financing round co-led by OAK HC/FT and Harvey Golub, with the participation from GF Investments, Siam Commercial Bank, Clal Insurance Ltd. and Pagaya’s seed investor, Viola Ventures.
Growth/Miscellaneous Rounds
- Puls Technologies, a company that brings on-the-go technicians into your home to perform tech support, has raised a $50 million investment round led by Temasek, with participation from existing investors Sequoia Capital, Red Dot Capital Partners, Samsung Next and Viola Ventures.
- Exabeam, a cybersecurity startup that leverages big data, machine learning, and analytics to detect and respond to cyber threats, has raised $50 million in a series D round of funding led by Lightspeed Venture Partners, with participation from Cisco Investments, Norwest Venture Partners, Aspect Ventures, Icon Ventures, and Shlomo Kramer.
- Twistlock, a container cybersecurity platform, has raised $33 million in a Series C financing round led by ICONIQ Capital, with participation from existing investors YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital.
- Dynamic Yield, a startup that provides personalization, recommendations, 1:1 messaging, and yield optimization across web, mobile, and email, has raised a $32 million Series D round led by Viola Growth with participation from Israel-based Union Tech Venture.
- Zadara, a company that offers enterprise-class storage as a service for private and public clouds, has raised $25 million in a financing round led by IGP Capital with participation from existing investors.
- SoftWheel, a developer of a shock absorbing wheel that includes an in-wheel adaptive suspension system, has closed a $25 million investment round led by Japan-based auto parts manufacturer Musashi Seimitsu Industry Co. Ltd. who also signed a strategic collaboration agreement with the company to develop and manufacture automotive technology.
- Formlabs, a developer of a 3D printing systems designed for printing intricate, has raised a $15 million financing round from New Enterprise Associates (NEA) according to a company valuation of $1 billion.
- Dia Imaging Analysis, an AI healthcare startup that develops automation tools for ultrasound scanners, has raised a $5 million financing round from Connecticut Innovations, Defta Healthcare, and the Israeli government’s Innovation Authority.
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Best,
Avi
