30 Israeli startups raised more than $430 million in May 2020 [Infographic]We're almost past the COVID-19 crisis in Israel, but somehow the numbers are lower: 30 deals and $435 million raised.
It seems that we’re getting back to normal, and hopefully this situation will last (we can’t stand a second wave!). Last month, during the peak of COVID-19, the startups were excited to show how much money they raised; they reached an incredible amount of $900 million. This May, things were slowing down a bit with just 30 deals and approximately $435 million in capital.
On top of the list, with an approximately $55 million investment led by Intel and Microsoft (The official details about this deal were undisclosed), is the secret chipsets maker Xsight Labs, joining a line of successful semiconductor companies in Israel. Not many details are known about this company, but from our acquaintance with Intel, Xsighs Labs would probably be their next big purchase in Israel.
Coming up next is Semperis, an enterprise identity protection company that protects the client’s hybrid identity environment from cyber-attacks, detects identity breaches, and recovers and restores quickly from compromising and potentially disastrous Active Directory events. Now, after six consecutive profitable quarters, Semperis raised $40 million to continue its expansion and enterprise protection.
Cyberbit is a subsidiary of Elbit and a global provider of cyber range training and simulation platforms, founded in 2015. Cyberbit ensures that the team has the necessary experience to effectively mitigate an attack and dramatically improve their performance by immersing them in a hyper-realistic cyber-attack simulation. Charlesbank invested $70 million in the company; $48 were used to buy Elbit’s shares in the company, and $22 went for the investment in Cyberbit.
Let’s cut from cyber-security to something way more important: our baby’s security. Nanit is a smart baby monitor with an overhead view, sleep tracking, and breathing motion monitoring. It’s always exciting to see an Israeli consumer product, and a successful one at that. Nanit raised $21 million this month, and almost $50 million in total. Now they can sleep like babies.
A veteran startup in our list, who starred here in former blog posts is LawGeex, is an AI-Powered contract review platform, helping the companies’ legal teams close deals more quickly as well as save money. The global pandemic played right into their hands, and the need to close deals remotely gave LawGeex a $20 million investment to focus on expansion.
The American-Israeli medical startup Immunai raised $20 million this May to decode the entire immune system. Using single-cell biology and AI, Immuani powers new therapeutic discoveries to accelerate drug development and improve patient outcomes. Will Immuani change the face of medicine? Let’s wish them luck!
Another Israeli-American startup (I guess we work great together) is called DEEL, with a product that saw some rise in popularity and need during the COVID-19 pandemic. DEEL is a payroll platform for remote teams, making it easier to work with contractors all around the world using 100 different currencies and 10 different methods of payment. After graduating from the famous Y Combinator and working with 400 customers, DEEL now raised $14 million. Hope they’ll get the money transferred quickly.
With the mission to make every website accessible by 2025, accessiBe raised $12 million for its Fully Automated Web Accessibility Solution. With just a single line of code, accessiBe makes your website accessible to just about everyone with disabilities, whether it’s an automatic screen reading for blind people, or keyboard navigation for the motor-impaired. It’s a great product for companies who care about people with disabilities, and it’s also a great solution to avoid lawsuits.
Frictionless in-store mobile checkouts may become super handy in times of a global pandemic, but this is where the future is headed nonetheless (Amazon Go, for example). Shopic lets customers scan products using their mobile devices, pay, and just check out. No need for cashiers, no need to waste unnecessary time in line. The startup raised $7.6 million this month, led by IBI Tech Fund and Israeli supermarket chain Shufersal.
Print that out: Nanofabrica is developing an ultra-precise 3d printing technology that can be used for the mass digital manufacturing of complex parts for semiconductors, optics, and medical devices. Now, they’ve raised $4 million from Microsoft to continue with R&D and find ways to fight COVID-19 using their 3D printers.
Startups use many buzzwords to describe their products, but this startup literally has a buzz around it. BeeHero is a beehive monitoring platform that makes hives smarter, predicts potential disorders and collapses, and helps bee growers and beekeepers optimize and maximize potential yields. BeeHero raised $4 million this month, so let it bee!
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