January 2024 in Israeli tech funding: $473 million in 17 deals
January 2024 in Israeli tech funding: $473 million in 17 deals
This is a 75% increase compared to the $270 million raised by Israeli startups in January 2023
Over $473 million were raised by Israeli startups across 17 deals during the first month of the year. This is a 75% increase compared to the $270 million raised by startups in January 2023.
Of the 17 deals, almost half (8) were either for Series A or Seed rounds. The biggest deal of the month was recorded by cybersecurity company Silverfort which raised a $116 million Series D for its identity security platform. According to the company, the investment follows another record year of more than 100% growth where Silverfort added tens of millions in new Annual Recurring Revenue (ARR).
See the full list of the January deals below (The list includes funding rounds of over $5 million that were officially announced during January):
31.1.24
“This enormous risk surface is replete with unique attack vectors that existing security solutions cannot sufficiently address,” said Matan Getz, CEO and Co-founder of Aim Security
Joyned’s AI-based social revenue platform identifies critical data such as price perception and sentiment analysis, giving travel sites access to a comprehensive overview of the customer booking journey
The Israeli startup’s platform automatically discovers all non-human identities across all environments, providing visibility and risk assessment with vulnerability auto-remediation
24.1.24
The company helps users visualize their money, automate payments to boost savings and optimize finances, take more direct action, and make financial management more accessible
The recent lawsuit against OpenAI filed by The New York Times alleging that ChatGPT can output almost-verbatim article excerpts in its responses highlights the potential for generative AI tools to leak training data
23.1.24
The company’s product is retrofitted onto any tractor and leverages computer vision and AI to navigate and execute multiple tasks autonomously, from crop seeding and spraying to mowing and harvesting
According to the company, the investment follows another record year of more than 100% growth where Silverfort added tens of millions in new Annual Recurring Revenue (ARR)
According to the company, it registered 300% revenue growth and 500% customer growth in its third year of operation in 2023
17.1.24
Since the company’s last round of funding in 2022, Vicarius has grown its customer base to over 400 customers, adding global organizations like PepsiCo, Hewlett Packard Enterprise (HPE), Bupa, and Equinix
The company has developed an AI-based system that offers per-tree intelligence to growers to track the health and productivity of their trees
16.1.24
The Israeli startup’s platform enables OEMs across different industries to cloudify, service, support, and commercialize their connected devices
12.1.24
The Israeli startup’s platform enables the instant, encrypted, and authenticated transfer of electronic Bills of Lading and related trade documents. The platform is designed to meet the needs of all parties involved in trade, including shipping companies, agents, brokers, and banks
11.1.24
Through its AI technology, Cyabra exposes malicious actors, disinformation, bot networks, and GenAI text and images
10.1.24
Its solution is designed to improve efficiency in repetitive tasks, knowledge management, and understanding the needs of customers
9.1.24
The Israeli startup's platform provides automated reading, summarization, and analysis of medical records for insurance companies and lawyers, providing real-time, highly accurate assistance in their underwriting, claims settlement, and fraud prevention processes
According to the company, it has more than threefold its ARR over the past year, primarily driven by the expansion of the U.S. customer base, which now includes prominent names such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, Payscale, and more
8.1.24
This announcement extends the Israeli startup’s recent $15 million Series A and comes on the back of the launch of its latest product, Katina, which provides clinical researchers with an AI-guided workflow that simulates hundreds of thousands of potential trial protocol combinations of patient groups, treatment parameters and different endpoints, to maximize the trial success probability
3.1.24
The cyber unicorn, which has now raised $325 million since its founding in 2015, said the new funding is an extension of its Series E from March 2021
