August 2024 in Israeli tech funding: $201 million in 7 deals
August 2024 in Israeli tech funding: $201 million in 7 deals
The month of August is traditionally a weak one for tech funding and this year was no different.
Over $200 million were raised by Israeli startups across 7 deals during August, breaking a streak of five straight months in which local companies raised at least $500 million. Local tech companies crossed the $1 billion threshold in both April and May after previously going since August 2022 without reaching that figure over a single month.
August is traditionally a weak month for funding, with many in the tech sector taking holiday during the month. In addition, last month was especially tense in Israel, with no end in sight to the war in Gaza and the country bracing for attacks by Hezbollah and Iran for much of the month.
After 28 deals during July, the most this year, August saw a 2024 low of seven, not including SoftBank’s investment in Wiz which was only revealed during August but took place several months earlier.
See the full list of the August deals below (The list includes funding rounds of over $5 million that were officially announced during August):
27.8.24
The company leverages behavioral AI to analyze the browsing patterns of each shopper on Shopify, helping anticipate when assistance may be most needed
20.8.24
The Israeli startup took its Seed funding to $12 million after initially raising $6 million in October 2022
15.8.24
The Israeli cyber company has developed a hardware asset risk management platform based on device existence
The Israeli startup's technology has secured $765 billion in cumulative trading volume, $25 billion in loans, and $35 million in incentives
13.8.24
The Israeli startup has developed a fintech platform that allows hospitals to receive payment in advance for medical treatment invoices, thereby enabling patients to benefit from interest-free payment plans
8.8.24
The Israeli startup was selected for the accelerator due to its first all-optical supercomputer that is more energy-efficient than classical computers
7.8.24
The Israeli cyber company, which recently rejected a $23 billion offer from Google, plans to double its workforce in Asia by the end of the year after recently recruiting dozens of employees in Japan, Singapore, Australia, and New Zealand, and establishing a new data center in Sydney
6.8.24
The foot traffic analytics platform increased its valuation by 50% after tripling its ARR and quadrupling its customer base
