Israel’s start-up ecosystem powers ahead, in the middle of a year of change

Israel’s start-up ecosystem powers ahead, in the middle of a year of change

But it’s been tough to argue against this position in the last 10 years, as the country powered ahead, notoriously producing ground-breaking startups like Waze, which was ultimately picked up by Google for more than $1 billion in 2013. Waze’s 100 workers received about $1.2 million on average, the largest payment to employees in Israeli […] Israel’s startups market started emerging in the late 1980s and early 1990s. While the nation has ended up being famous for its cybersecurity start-ups, AI now accounts for almost half of all financial investments into Israeli start-ups. Startup Picture found that 55% of start-ups profiled had altered (or considered changing) their product due to COVID-19. Investments in Israeli seed-stage start-ups reduced both definitely and as a portion of total investments in Israeli startups (to 6% from 11%). Another notable aspect of Israel’s startups scene is its, in some cases stopping, attempt to engage with its Arab Israeli population….

Sight Diagnostics raises $71M Series D for its blood analyzer

Sight Diagnostics raises $71M Series D for its blood analyzer

Sight Diagnostics, the Israel-based health-tech company behind the FDA-cleared OLO blood analyzer, today announced that it has raised a $71 million Series D round with participation from Koch Disruptive Technologies, Longliv Ventures (which led its Series C round) and crowd-funding platform OurCrowd. With this, the company has now raised a total of $124 million, though […] …

Buildots raises $16M to bring computer system vision to building and construction management

Buildots, a Tel Aviv and London-based startup that is using computer vision to improve the construction management industry, today announced that it has raised$ 16 million in total financing. This consists of a$3 million seed round that was previously unreported and a $13 million Series A round, both led by TLV Partners. Other investors consist of […]
, a Tel Aviv and London-based start-up that is using computer vision to improve the building and construction management industry, today revealed that it has raised $16 million in overall funding. The idea behind Buildots is quite simple. Like so numerous Israeli start-ups, the creators fulfilled during their time in the Israeli Defense Forces, where they finished from the Talpiot system. The group began looking into how it could bring innovation to conventional markets like finance, medication and agriculture, but then settled upon building and construction thanks to an opportunity meeting with a construction business. Danon argues that the building and construction industry is essentially a manufacturing industry, but with really outdated control and procedure management systems that still frequently relies on Excel to track development….