Over $1.01 billion were raised by Israeli startups across 20 deals during April, the first month since August 2022 in which local startups netted over $1 billion in investments. This is almost three times the $377 million raised by Israeli startups in April of last year.
The excellent April came on the back of a strong March, with Israeli startups raising a total of more than $1.8 billion over the last two months. The main reason for the increase is that for a second straight month there were four mega-rounds ($100 million or more) announced.
Israel’s newest cyber unicorn, Cyera, led the way when it raised $300 million, almost tripling its valuation to $1.4 billion. The company has registered rapid growth since raising $100 million at a $500 million valuation last June. Cyber startup Island doubled its valuation to $3 billion in its $175 million Series D, while Guesty raised $130 million at a $900 million valuation. Guesty’s platform provides both enterprise and SMB property managers as well as individual hosts with tools to manage the entire rental journey. Early in the month, AI chip unicorn Hailo netted another $120 million, taking its total funding to more than $340 million.
See the full list of the April deals below (The list includes funding rounds of over $5 million that were officially announced during April):
Island raised $100 million at a $1.5 billion valuation just six months ago
The Israeli startup’s platform helps security teams prioritize the most urgent risks based on an organization’s unique threat profile and provides prescriptive and actionable remediation plans to reduce threat exposure using existing tools
Magnus Metal is innovating the centuries-old metal casting industry by providing an Industry 4.0 based fully automatic manufacturing solution that aims to make the process faster, safer, and environmentally friendly
The company’s platform combines AI with CISO-level knowledge to automate many vCISO tasks, typically at a lower cost than hiring an in-house CISO
Greeneye’s solution, which harnesses AI in combination with cutting-edge hardware to identify weeds among crops with high accuracy and spray chemicals only where they are needed, is proven to reduce herbicide use in farming by 88%
The company helps organizations manage their third-party API attack surface with AI-driven detection, threat intelligence, and remediation capabilities.
The startup’s platform provides a suite of products that include detailed AI generated reports and on-demand analysis of any financial instrument or security
Founded in 2015, Dot Compliance offers a ready-to-use Quality Management System powered by the Salesforce platform
The company, which laid off almost a third of its workforce last January, did not disclose its valuation in the round, but it is estimated to be in the region of $180-200 million, half of the value it received when it raised a $70 million Series C three years ago
The team of five scientists includes Micha Breakstone, an Israeli AI entrepreneur who sold Chorus.ai for $575 million
Operating in over 80 countries, Guesty’s platform provides both enterprise and SMB property managers as well as individual hosts with tools to manage the entire rental journey
The Israeli startup says it offers up to 50% savings on storage costs and provides a self-optimizing, developer-independent solution
The startup’s platform provides cybersecurity extended detection and response (XDR) for connected vehicles and IoT
The Israeli startup, founded by husband and wife Shachar Schnapp and Rina Galperin, aims to democratize secure access to enterprise data based on two pillars: Differential Privacy and AI
The company has registered rapid growth since raising $100 million at a $500 million valuation last June
The Israeli startup’s platform reduces publishing time from six months to two weeks while reducing costs by 30% and offering a suite of services for every stage of the journey
The startup’s offices and team are located in Sderot and were attacked by Hamas terrorists on October 7
Lumana’s platform analyzes organizations’ video in real-time to provide visibility when critical events occur
Leveraging AI and machine learning, Nucleai analyzes pathology images and spatial data at the cellular and tissue levels. The proprietary technology extracts detailed patterns and features from medical images, offering insights into the tumor microenvironment, cellular morphology, and spatial relationships between different cell types
The Israeli startup, which took its total funding to $340 million, also announced the Hailo-10, its newest AI accelerator specifically designed to process LLMs at low power consumption for the personal computer and automotive industries
