June 2024 in Israeli tech funding: $556 million in 12 deals
June 2024 in Israeli tech funding: $556 million in 12 deals
Over the first six months of the year, local startups have raised $4.5 billion, a 36% increase compared to the first half of 2023
Over $556 million were raised by Israeli startups across 12 deals during June, the fourth straight month in which the $500 million mark was broken. 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.
Over the first six months of the year, local startups have raised $4.5 billion, a 36% increase compared to the first half of 2023.
A majority of the rounds last month were once more early stage (7 Seed and Series A), but there were also several notable growth rounds, including $150 million by Insightec, $125 million by Semperis, $90 million by Fetcherr, and $40 million by Zencity.
See the full list of the June deals below (The list includes funding rounds of over $5 million that were officially announced during June):
27.6.24
The platform acts as an intermediate layer that reconciles data silos and automatically adds context and meaning to data
26.6.24
The Israeli startup's audio-based solution enables elderly individuals to continue living at home rather than being hospitalized. Yuval Halivni, the company’s data operations lead, was killed on October 9th while serving in the reserves
The Algo based company developed an agnostic AI-driven market engine and aims to disrupt traditional legacy revenue systems through deep learning methodologies, beginning with the airline industry
20.6.24
The cyber company also named a new CFO, CRO and CLO as it continues to gear up for a potential IPO
19.6.24
The healthcare company, which has developed a platform that focuses on sound waves, safely guided by MRI, to provide tremor treatment to patient, laid off 100 employees last December amid its mounting losses
Alon Arvatz, Gal Ben-David, and Amir Hozez’s new startup, PointFive, aims to uncover deep, infrastructure-level savings opportunities, enabling enterprise organizations to promote continuous cloud cost efficiency
18.6.24
The Israeli startup’s platform helps security teams to implement and automate strong governance for secrets and NHI management, with real-time detection and response
The Israeli startup counts 8 of America’s 10 largest cities among its customers and plans to spend the new capital on advancing its artificial intelligence capabilities
17.6.24
Less than five months after announcing its Seed round, the Israeli startup has landed additional funding for its security platform that governs and secures AI use across the modern business environment
The Israeli startup’s platform makes all financial data accessible to e-commerce stakeholders, from periodic accounting to real-time finance metrics
16.6.24
The company plans to use the funds to support the initial stage of its open testnet, dubbed Helium, which will enable developers to deploy smart contracts to the Fhenix network for the first time
The startup’s platform provides an essentially infinite pool of human-like testers that can be integrated into the development process, allowing companies to allocate higher value work to their human workforce
