Deloitte Launchpad announced 8th cohort with 11 new Israeli startups
Deloitte Launchpad announced 8th cohort with 11 new Israeli startups
The program has accelerated more than 60 companies that have collectively raised over $1.3 billion.
Deloitte Launchpad has announced the names of the 11 newest companies that will take part in the 8th cohort of its acceleration program. The program was founded in 2020 to help Israeli early growth-stage startups scale in the American market by offering access to resources and its global network.
To date, more than 60 alumni companies have collectively raised over $1.3B billion in funding and have seen an increase of 68% in average funding and average employee growth post-program. One-quarter of the portfolio companies raised funds in the past 12 months alone.
The companies are as follows:
- Bluespine - which is an AI-powered claims cost reduction solution enabling self-insured employers to prevent medical overbilling.
- Firmbase - which is a no-code, AI-powered platform that helps FP&A teams to drive better business decisions.
- Flexor - which is an SQL-first, data-source-agnostic way to transform textual data.
- Guardz - which is a unified detection and response built for MSPs and IT service providers.
- Monto - which is an AI connector for B2B revenue teams, connecting ERPs with thousands of payment portals.
- NewPhotonics - which develops silicon photonic chip technology for data centers.
- Onfire - which sources prospect-level buying intent from developer interactions across the open web.
- Perfect - which is a talent sourcing and engagement platform powered by Generative AI.
- Qodo (formerly Codium) - which is a Generative AI coding platform helping developers write, test, and review code within IDE and Git.
- Savvy Security - which provides identity-first security for SaaS.
- Slice Global - which is an AI-powered Global Equity Platform that optimizes equity management processes.
The companies were required to have a validated product, annual revenue of more than $500,000 ARR positive year-over-year growth, and plans to scale operations in the USA. Companies will receive guidance from teams in America and Israel to address three major challenges: laying the foundations for operations and physical expansion in America, establishing a solid sales infrastructure, and funding support.
