Tech Buzz: October is off to a flying start

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The first full week after the Jewish New Year’s holiday season 5782 saw the Start-Up Nation pick up where it left off, with rampant acquisition and investing activity.

Israeli tech companies raised more than $ 17.5 billion in the first nine months of 2021, far surpassing previous records.

Perion Network, a publicly traded advertising technology company based in Holon, has acquired another Israeli company, the video monetization platform Vidazoo, for up to $ 93.5 million, in order to accelerate its business of growing video advertising. Vidazoo, founded in 2014 and based in Tel Aviv, enables digital publishers to generate additional new revenue through its unique set of video products. The deal is worth $ 35 million. cash in advance and up to $ 58.5 million. whether certain performance targets are met.

Otonomo, a vehicle data platform, has acquired AI-based mobility intelligence company Neura for an estimated $ 50 million. Otonomo’s recently expanded mobility intelligence platform will take advantage of Neura’s advanced analytics, the companies said. Otonomo has also launched new solutions leveraging Neura technologies to provide transportation planners, EV service providers, MaaS providers, fleets and others with actionable information for planning and operating sustainable transportation networks. Both companies are based in Herzliya.

Israel Start up (credit: INGIMAGE)

US apparel giant Gap has acquired Herzliya-based retail analytics firm Contex-Based 4 Casting (CB4). CB4 Analytics provides predictive analytics solutions to help deliver data to decision makers. Financial terms of the transaction were not disclosed.

Arbe Robotics, which makes next-generation 4D imaging radar solutions, will begin trading on the Nasdaq market on Friday after completing its SPAC merger with Industrial Tech Acquisitions for a valuation of $ 525 million. The company will be listed under the stock symbol ARBE.

On the financing front, Orca Security said it had raised $ 550 million. in its extensive Series C fundraising led by Temasek, an investment firm headquartered in Singapore. The round increased its valuation by 50% in just seven months to $ 1.8 billion. The company saw 800% year-over-year growth, the company said.

Tel Aviv-based NeuroBlade said it got $ 83 million. in Series B financing, bringing the total invested capital to $ 110 million. The investment was led by Corner Ventures. NeuroBlade has developed a new data analysis architecture that eliminates major bottlenecks in data movement by integrating the function of processing data inside memory, better known as in-memory processing (PIM). ). Funding will be leveraged as the company expands its engineering teams in Tel Aviv and strengthens its sales and marketing teams globally.

Aquant, a service intelligence platform for managers, representatives and teams, has raised $ 70 million. in Series C financing, in a round led by Qumra Capital, Insight Partners and Pitango Growth. Aquant raised a total of $ 110 million. The investment will support growth and advance its cutting-edge service intelligence technology.

IT CENTRAL STATION, an enterprise technology review platform, said it has closed a $ 30 million investment. Series A financing round led by Invictus Growth Partners (“Invictus”). In the past year, the Modi’in-based company said it enabled 97 of the Fortune 100 to research technology purchase decisions, increased ARR by more than 120%, exceeded 500,000 registered members and visited by 3.5 million business software buyers in the $ 4 billion annual market for business IT spending. The funding will be used to rename PeerSpot, expand into new business technology categories, and accelerate sales and marketing, he said.

Adaptive Shield, a SaaS security posture management company, has raised $ 30 million. in a Series A funding round led by Insight Partners. With this funding, which follows a $ 4 million investment in 2019 seed, Adaptive Shield will enable more businesses to finally secure their SaaS stacks, many of which are already compromised due to misconfiguration, has declared the company.

Duality Technologies, a provider of privacy-enhanced data collaboration solutions, raised $ 30 million. Series B funding round, bringing its total funding to $ 49 million. The round was led by LG Technology Ventures. The company, located in Herut in central Israel, will use the funds to expand its go-to-market operations, advance its partnerships with major technology providers and further strengthen its product and technology leadership, a he declared.

VOOM, creator of innovative insurance products for underserved mobility segments, announced $ 15 million. in funding to extend its usage-based insurance model to other verticals of mobility. The funding round was co-led by JAL Ventures and UP. Partners and brings VOOM’s total funding to $ 22 million. Already a leader in the drone category with tens of thousands of policies, VOOM launched the world’s first kilometer insurance product for motorcycles in August and is expanding to offer usage-based insurance solutions for light aircraft, recreational vehicles and concert conductors.

Several new venture capital funds were announced this week. NFX, a early stage venture capital firm based in San Francisco and Israel, has announced a $ 450 million investment. Fund III is dedicated only to start-ups in the seed and pre-seed phase. NFX was founded in 2015 by serial entrepreneurs who founded and built 10 companies that went out for more than $ 10 billion cumulative. The fund is expected to support 70 companies whose founders specialize in fintech, markets, games and proptech, and increases investments in bio and crypto technologies.

Meanwhile, Eight Roads, a global venture capital fund, also announced its fourth fund, with $ 450 million. for European and Israeli scale-ups. The fund will invest in 15 to 20 ambitious companies that have achieved product market fit, across all technology sectors, including consumer, software as a service, fintech and healthcare technologies, with a initial check for $ 5 million. to $ 50 million. per company, the fund said.

Finally, the global venture capital investment platform said it was named the most active venture capitalist in Israel for the ninth consecutive year in a ranking published by the investment industry site PitchBook. . OurCrowd has $ 1.8 billion. committed funding and investments in more than 280 holding companies and 30 venture capital funds, he said.


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