Israeli Startups Raised $2.4 Billion In July

Israeli startups raised $ 2.4 billion in July 2021, the Globes news site reported on Sunday, which cross-checked information from companies and investors.

This figure could be higher, however, as some companies prefer to remain discreet and not reveal the investments they have received. This is the fifth consecutive month that Israeli startups have raised $ 2 billion or more.

The high-tech sector in Israel has thus raised 14.3 billion dollars in the first seven months of 2021, almost 50% more than the record 10 billion dollars raised during 2020.

Of the funds raised last month, $ 2.1 billion was raised by startups that raised funds of $ 50 million or more.

In July, cryptocurrency platform Fireblocks led the way by raising $ 310 million, valuing the company at $ 2.2 billion, followed by cybersecurity firm Cybereason, which raised $ 275 million dollars, for a valuation of the company at 3.2 billion dollars.

The anyVision startup, specializing in facial recognition, raised $ 235 million, while Outbrain, specializing in content recommendation, raised $ 200 million, a few weeks before its initial public offering on the Nasdaq.

Stem cell-grown meat startup Aleph Farms raised $ 105 million and malicious activity detection firm Activefence raised $ 100 million.