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How much did Israeli tech startups raise in Q3 and whose round A was led by Google’s investment arm?

CTech Daily Roundup: Early-stage startups experience sharp decline in funding despite record Q3 for Israeli tech sector

CTech 23:0214.10.20
Early-stage startups experience sharp decline in funding despite record Q3 for Israeli tech sector. Companies raised $2.74 billion overall in 151 deals in the third quarter of 2020, but less than $100 million has been raised in 95 seed deals this year. Read more

 

Nym Health raises $16.5 million round A led by Google’s investment arm. The Israeli startup was founded by Amihai Neiderman and Adam Rimon who met at the IDF's Unit 8200 in which they served in the cyber department. Read more

 

Eyal Berkovic. Photo: Courtesy Eyal Berkovic. Photo: Courtesy

Israel-based vHive raises $4 million in series A to help grow its enterprise drone hive market. The investment will help vHive better penetrate the telecom space for Digital Twin assets. Read more

 

Israel's Redhill Biopharma signs manufacturing deal for potential Covid-19 treatment. The company said it was expanding manufacturing capabilities for opaganib, its experimental cancer drug for which it intends to apply for emergency use in Covid-19 patients. Read more  

 

Teikametrics acquires Israeli market intelligence company Adjusti.co. The Israeli company was operating on a bootstrap model up until the acquisition by the Boston-based marketplace optimization platform. Read more

 

Israeli IoT startup Augury completes $55 million series D funding. The need for remote maintenance of industrial machines during Covid-19 lockdowns has seen the company’s revenues increase substantially. Read more

 

Selina partners with Israeli scooter-sharing company LEO Ride. Instead of competing with Lime and Bird, LEO chose to pivot to a B2B business model. Read more

 

Interview | The Israeli company that wants to disrupt the field of enterprise software has raised $28 million. “We want to do to the software industry what the cloud did to IT,” says BlackSwan Technologies CEO. Read more

 

Frontegg raises $5 million seed as first ‘SaaS-as-a-Service’ platform to fast-track innovation. By integrating with new or existing SaaS applications, Frontegg helps development teams focus on core products. Read more

 

Nasal spray to stop spread of Covid-19? Israeli pharma company puts its product to the test. Israeli biopharmaceutical company in process of working on new mist treatment to combat spread of coronavirus in large populations. Read more

 

Israel’s Dataloop announces new funding, plans to double its workforce. The data management and annotation startup discloses a total of $16 million raised in seed and series A round. Read more

 

Taiwan's manufacturing prowess a perfect match for Israeli tech innovation. Despite not having diplomatic relations with Israel, Taiwan is keen on tightening economic cooperation. Read more

 

Opinion | How to comply with local employment laws in a world with no boundaries? Foreign companies employing Israeli workers should consider establishing a local entity or branch to ensure clear legal compliance. Read more