Israeli startups raised more than $1.46 billion across 19 deals in May, surpassing the $1 billion mark for the second consecutive month. Startups in the country had not reached that figure in a single month since August 2022.
While the huge amount of funding raised is encouraging, it should be remembered that more than two-thirds of it came from Wiz, which raised $1 billion at a $12 billion valuation in the largest funding round ever for an Israeli startup.
Still, May was a promising month following strong March and April, with Israeli startups raising a total of more than $3.3 billion in the past three months.
The amount raised in May was more than double the amount raised in the same month last year, when local tech companies raised a total of $606 million.
The majority of rounds last month were again early stage (11 seed and Series A), but in addition to Wiz, Weka ($140M) also raised an impressive growth round, and companies like XTEND ($40M), Honeycomb ($36M) and Agora ($34M) raised significant Series B rounds.
See below for a full list of May deals (the list includes over $5 million in funding rounds publicly announced in May).
Firefly co-founder Sefi Genis was killed in a brutal Hamas attack at the Nova party. “At the beginning, we didn’t know if we would survive. Every day is hard, but we’re not sad. We’re building on Sefi’s legacy,” said CEO Ido Neiman.
The company’s two-armed robot is designed to navigate the dynamic and complex environments of hospitals and perform repetitive tasks such as delivering meals and supplies, guiding patients and visitors, transporting personal protective equipment (PPE), and conducting cognitive activities with elderly patients.
The Israeli startup’s system is already being implemented on ships operated by major companies such as MSC and Maersk, reducing accidents at sea, optimizing navigation and cutting fuel consumption and air pollution.
The Israeli startup’s FinOps platform is used by leading global brands such as Lyft, The New York Times, Choice Hotels, Wiz, Tenable and Appsflyer to optimize their cloud spend and allocate costs across all cloud providers and services.
The company’s SaaS platform helps small and medium-sized businesses review and advance contracts efficiently, cost-effectively and accurately without relying on legal departments or outside counsel.
The Israeli startup’s solutions include tech-enabled financial services, such as specialized tax, bookkeeping and international remittance services.
Israeli startups are expected to more than double their valuations since November 2022 and exceed $100 million in ARR in 2024.
The Israeli startup, founded by Samuel Cohen, Benny Schneider, and Michael Cohen, is now using synthetic data to gain deeper insights after proving that its proprietary algorithms can augment under-sampled segments with a high degree of accuracy.
The Israeli startup’s platform aims to empower mid-sized and large businesses to gain full visibility and control over their cash operations and optimize liquidity, leveraging AI-driven automation and insights.
The Israeli startup’s XOS operating system aims to provide AI capabilities to robots and drones to help them collaborate with humans.
Token Security brings visibility and continuous threat exposure management to this space by adopting a machine-first approach.
The four-year-old decacorn, which has raised $1.9 billion in total to date, said it will use the latest funding round to help fuel future M&A efforts, talent hiring and product development.
The Israeli startup has insured more than $21 billion in real estate assets and expects to triple that amount over the next 12 months.
The Israeli startup’s optimization engine is tuned to run billions of combinations in seconds and make predictions based on industry-specific factors, automatically generating alternative operating room schedules that significantly improve resource allocation.
The Israeli startup’s enterprise browser extension integrates with any browser and helps businesses protect devices, identities, data and SaaS apps from web-borne threats and browsing risks.
The POCAD solution provides doctors with accurate, easy-to-understand AI-powered diagnoses.
An Israeli company has built a security platform that gives organizations comprehensive visibility into their AI activities.
The Israeli startup’s solution aims to address the exponential growth of non-human identities, which malicious actors are increasingly exploiting effectively.
The Israeli startup’s new hybrid medicine combines traditional medicines with “digital molecules” – therapeutic interventions that trigger physiological effects via the brain.
