October 2024 in Israeli tech funding: $987 million in 26 deals
October 2024 in Israeli tech funding: $987 million in 26 deals
Israeli startups rebounded in a big way last month, with three companies completing mega-rounds of over $100 million.
Around $1 billion were raised by Israeli startups across 26 deals during October. After two straight months in which local companies failed to reach $500 million, three mega rounds by the likes of Armis ($200M), Melio ($150M) and DoorLoop ($100M) ensured that local tech companies once more had the $1 billion threshold within their sights. Israeli startups raised over $1 billion in both April and May after previously going since August 2022 without reaching that figure over a single month.
October saw 26 deals announced, the most in a single month this year other than July. The amount raised was double of October 2023 when the war broke out, despite last month being scattered with Jewish holidays.
See the full list of the October deals below (The list includes funding rounds of over $5 million that were officially announced during October):
31.10.24
The Israeli startup's platform provides end-to-end AI discovery, security, protection, and compliance
The Israeli startup has built an AI infrastructure platform that enhances the efficiency of AI models, offering faster and more reliable training as well as real-time inference
30.10.24
The Israeli startup’s solutions provide visibility into the production use of LLM-based products outside the lab and auto-correction of unwanted behavior in real-time
The Israeli startup’s intelligent DLP platform integrates AI and smart automations and can automatically identify, detect, and prevent data leaks at machine speed
29.10.24
The Israeli startup’s automated property management platform is challenging U.S. giants like Yardi and RealPage
Despite the valuation cut, the Israeli fintech reports a tenfold revenue increase since its last raise three years ago
The Israeli startup's platform secures the use of AI copilot systems and low-code applications—apps created with minimal coding
The company was established in the incubator program of The Trendlines Group and The Israel Innovation Authority
Matia streamlines data management through unified ingestion, reverse ETL, observability, and catalog. The company has offices in Miami and Tel Aviv and was co-founded by brothers Benjamin and Geva Segal in 2023
The Israeli company helps address Tricuspid Regurgitation, a condition that impairs the cardiac blood flow
28.10.24
Cybersecurity leader Armis secures new funding led by General Catalyst and Alkeon Capital, setting sights on $500M ARR milestone
22.10.24
Obligo’s platform for renters and landlords provides a security deposit alternative utilizing bank-issued Letters of Credit supported by Wells Fargo
The startup developed Cloud Twin technology, which provides SecOps teams with real-time cloud threat and exposure modeling to accelerate response
The Israeli startup’s technology transforms smartphones into clinical-grade motion analysis tools, helping healthcare providers assess, treat, and monitor patients from anywhere
The construction site operations platform, formerly known as Beti, aims to scale its digital workforce and safety management solutions after significant revenue growth in the U.S.
15.10.24
The Israeli startup’s 4D coherent sensor-on-chip, powered by its Finite Coherent Ranging technology, allows Lidwave to integrate key components onto a single chip by treating light as a wave, rather than using traditional photon counting
The Israeli startup’s AI-powered solution acts as a Test AI agent, automatically generating working tests to help developers detect and fix bugs early in the development cycle
The Israeli startup offers software-defined connectivity services that simplify the connection process for organizations and developers
The Israeli startup said its annual revenues have increased sevenfold over the past year, while its user base has expanded eightfold, with customers including companies such as LG, GitHub, and British Telecom
14.10.24
The Israeli startup's platform connects employers and flexible workers for events like Wimbledon and Taylor Swift concerts
9.10.24
The Israeli startup's design-stage security product removes the friction between security and engineering by applying AI to understand product intentions and provide security guidelines to all stakeholders
8.10.24
The company’s multi-instance management platform for ServiceNow provides real-time visibility, governance, and automation capabilities to simplify and accelerate delivery and compliance
The Israeli startup's solution, built on machine learning models trained on in-house IoT wastewater data, optimizes wastewater quality management
1.10.24
The Israeli startup, which is developing a cloud-native data recovery system, has raised a total of $127 million in less than a year
The Israeli startup has developed an engine that integrates with hospitals' and clinics' data systems in the U.S., analyzing patient medical records to facilitate communication with insurance companies
The Israeli startup connects travelers abroad to a global network of over 20,000 doctors and specialists who speak multiple languages, and it already operates in 84 countries