Mega financing rounds are definitely a thing now and Israel saw three new deals worth more than $ 100 million last week, which is equivalent to 10 such rounds in October.
The third quarter of 2021 had a total of 21 rounds of more than $ 100 million, IVC and the Meitar law firm noted in a recent report.
Israel’s high-tech sector is beating all expectations this year, raising more than $ 19 billion so far, and is on track to double previous funding records.
Immunai, a biotech company, announced $ 215 million. Round Series B, increasing its valuation to more than one billion dollars and raising its total financing to date to 295 million dollars. The new capital will be used to expand Immunai’s “drug actuary” platform for target validation and evaluation.
The Israeli-American company uses single-cell genomics and machine learning to discover and develop new therapies that reprogram the immune system. Immunai has tripled in size in the last year, with more than 120 employees (70 of whom are MDs) in New York City, Tel Aviv, Zurich, Prague and San Francisco. The company has more than 30 partnerships with Fortune 100 pharmaceutical companies and leading academic institutions, he said.
Fabric entered the unicorn club when it sealed a $ 200 million Series C funding round, established itself in the on-demand fulfillment space, leveraging its robotic micro-fulfillment technology stack to make on-demand fulfillment profitable and scalable. for retailers.
Fabric runs micro-fulfillment operations for grocery and general merchandise retailers in New York City, Washington, DC, and Tel Aviv, and recently announced significant partnerships with Walmart, Instacart, and FreshDirect. Fabric will use the funds to expand its global team, which currently has more than 300 team members with offices in New York City, Tel Aviv and Atlanta.
The proceeds from this round, combined with unspent funds from his Series-D round, will give Augury more than $ 200 million to expand globally and create offerings for new industries such as energy. The company’s clients include Colgate-Palmolive, PepsiCo, Hershey’s ICL and Roseburg.
Tel-Aviv’s BackBox closed a $ 32 million Series A growth financing round led by Elsewhere Partners for its comprehensive network management and security solutions. The company already works with more than 180 partners such as CheckPoint, Cisco, F5 and Palo Alto Networks to support more than 500 types of software and devices with its intelligent automation solutions.
Haifa-based Tactile Mobility raised $ 27 million. as part of a Series C funding round led by Delek Motors. This brings the total funding for Tactile Mobility to $ 47 million. The company, which leverages existing vehicle sensors and artificial intelligence to equip vehicles with a sense of “touch,” will use the funds to support rapidly growing demand and expand into new segments.
Autofleet, an optimization platform for fleet owners and operators, closed a $ 20 billion oversubscription. Series B financing round led by Keyframe Capital. In addition to growing its R&D team, Autofleet will use the proceeds to open offices in Singapore, London and New York to accelerate growth and support clients in those markets. Since closing its Series A last year, Autofleet has expanded its operations in more than 12 countries and demonstrated significant improvement in key performance indicators, such as reducing fleet downtime by 80%, reducing time customer waiting by 15% and increasing utilization and revenue by 10%.
Cyabra, which can detect inauthentic narratives and fake news in online conversations, raised $ 5.6 million. in a round of Serie A led by OurCrowd. The new funds bring Cyabra’s total funding closer to $ 7.6 million raised.
Founded in 2018, Cyabra has reported 400% growth in revenue, with clients and partners such as the US Department of State, global advertising agency TBWA, and several major financial institutions.
On the procurement front, Tokyo-based Renesas Electronics Corporation acquired Raanana-based Celeno Communications, which offers smart and innovative Wi-Fi solutions, for up to $ 315 million, based on the achievement of certain milestones. The acquisition enhances Renesas’ connectivity portfolio with the addition of industry-leading Wi-Fi technologies and Celeno’s software expertise, the semiconductor company said. Celeno has been in business since 2005 and has raised about $ 114 million. in financing.
Bizzabo, a successful Israeli events platform, acquired Tel Aviv-based TeeVid, a four-year solution to create, produce and broadcast virtual events. The value of the deal was not disclosed. This was Bizzabo’s third acquisition in the last five months, following its acquisitions of x.ai and Whalebone.