July 2024 in Israeli tech funding: $703 million in 28 deals
Local startups more than doubled the amount raised during July 2023, when funding hit a seven-year monthly low of $315 million.
Over $700 million were raised by Israeli startups across 28 deals during July, the fifth straight month in which the $500 million mark was broken. Local tech companies crossed the $1 billion threshold in both April and May after previously going since August 2022 without reaching that figure over a single month.
Full list of Israeli high-tech funding rounds in 2024
While local startups failed to reach the $1 billion mark once again, they did more than double the amount raised last July, when funding hit a seven-year monthly low of $315 million.
The number of deals during July was also the highest of any month this year, meaning the average amount in the rounds was relatively low.
See the full list of the July deals below (The list includes funding rounds of over $5 million that were officially announced during July):
31.7.24
Holisto raises $10 million from travel giant Trivago
The Israeli company, which specializes in price aggregation technology, has now raised over $20 million and will continue to operate independently with a team of about 250 employees in Israel and abroad
30.7.24
Faye raises $31 million Series B for fintech platform for travelers
Since launching its app to American travelers in 2022, Faye has continued to expand its offering, which currently includes travel insurance, 24/7 assistance, real-time trip monitoring and alerts, and more
Rocketed out but rising: Foodtech startup Blue Tree raises $2.26M despite Hezbollah attacks
Despite having to relocate from its facilities in Kiryat Shmona due to the war in the north of Israel, foodtech startup Blue Tree raised fresh funding, including from French giant Sucden
Monto nets $9 million in Seed funding with promise to curb B2B payment “chaos”
The company helps B2B finance teams get paid from any AP portal used by their enterprise customers by creating smart connections between financial systems such as ERPs and AP portals
Clutch Security raises $8.5M in Seed funding to secure and manage Non-Human Identities
Israeli startup aims to deliver end-to-end NHI security and proactively bridge NHI security gaps across the entire organizational landscape, without affecting business velocity
25.7.24
EV battery tech startup Addionics nets $39 million Series B led by GM
The Israeli company's low-cost drop-in solution integrates into existing production facilities, allowing battery manufacturers and automakers to increase production capacity while reducing manufacturing costs
Scopio Labs secures $42 million Series D for AI-based blood cell analysis
The Israeli startup's platform uses computational photography to provide digital imaging of thousands of cells, giving lab practitioners a full-field view of all regions of clinical interest on the sample at the highest resolution, supplanting the need for manual microscopy
24.7.24
Dazz raises $50 million to accelerate AI-powered cloud security remediation
The company’s unified remediation platform provides visibility across all detection tools and environments, including code, clouds, applications, and infrastructure
ZEST Security raises $5 million Seed round for cloud risk resolution platform
The Israeli startup’s platform provides paths that offer both mitigation and remediation using code and existing controls to eliminate cloud vulnerabilities and misconfigurations
It marks the largest investment among 68 companies selected for funding out of 969 applications
23.7.24
Magenta Medical nets $105M to secure FDA approval for world's smallest heart pump
The financing will be used to advance the company’s U.S. clinical programs in multiple mechanical circulatory support (MCS) indications and to secure the first FDA approval for the Elevate System in patients undergoing high-risk percutaneous coronary interventions (HR-PCI)
22.7.24
Identity security startup Linx nets $27M Series A from Index, Cyberstarts, and Wiz founders
The Israeli startup's technology maps and monitors the relationships between users, their identities, and the access and permissions they have to company data and resources, and uses advanced analytics and automation to enable organizations to shrink their attack surface
CarbonBlue secures $10 million in Seed funding for CO2 removal technology
The Israeli startup has developed technology for the removal of CO2 from the environment through the use of water and water-utilizing industries and infrastructure
17.7.24
CytoReason raises $80 million, including from NVIDIA and Pfizer, to scale its AI disease models
The Israeli startup provides therapeutic area leaders with molecular-level insights and valuable AI tools to make data-driven decisions, helping them improve the probability of phase 2 success and optimize their R&D portfolio
Hybrid cloud data platform CTERA bags $80 million, mostly in secondary funding
CTERA has developed a software platform that enables distributed file storage in private and public cloud environments, combined with accelerated access from remote sites and AI-based protection against ransomware attacks
Waltz nets $12.5 million Series A to help foreign investors purchase real estate in the US
The Israeli startup's platform provides non-U.S. investors with a comprehensive solution to the foreign investment and purchase process in U.S. real estate
16.7.24
OCON Therapeutics raises $10 million for innovative IUD and women’s health solutions
The Israeli women’s health company has raised a total $40 million to expand its health solutions including painless and effective IUDs for women and treatment for endometriosis and uterine fibroids
14.7.24
Israeli startup raises $4.2 million Seed round to detect heart attacks early
AccuLine's CORA system uses an advanced method for signal filtering coupled with deep learning algorithms to assess the condition of the patient's coronary arteries
11.7.24
Endoron Medical nets $10 million for lifesaving aneurysm repair innovations
New funding round to propel EndoStapling technology through critical clinical trials
Buildots secures $15 million in funding for AI-driven construction management platform
The Israeli startup’s platform provides a performance-driven approach that measures individual tasks, increasing overall efficiency, and lessening costs, while reducing delays by up to 50%
10.7.24
After layoffs and pivot, Vee raises $7M for nonprofit management solutions
Initially founded to help nonprofits develop their activities by connecting them with organizations and their workers, Vee is now leveraging AI agents to help nonprofits scale
Nagish raises $11 million Series A to make communication accessible to the deaf
The Israeli startup’s solution enables real-time transcription, adjustment of the text display to the user's needs, and an intuitive interface
9.7.24
Cloud infrastructure startup Volumez adds another $20 million to Series A
The new funding takes the Series A to $40 million in total after initially raising $20 million last April
Enso raises $6 million for its guided AI agents platform to make AI accessible to SMBs
The company wants to help 59% of SMBs who would like to generate new ideas for growth but who are burdened by the daily demands of running a business
Dono emerges from stealth with $3.7 million to help verify homeownership with AI
The Israeli startup's platform helps title professionals, investors, developers, and builders verify property titles and interact with relevant documentation
8.7.24
Cider Security founder nets $28M in Seed funding for stealth cyber startup
Less than two years after selling Cider to Palo Alto Networks in a $300 million deal, Guy Flechter has raised a significant sum for his new cybersecurity project named Sola Security. Investors include S Capital, S32, and Michael Moritz
7.7.24
K Health raises $50 million at $900M valuation for AI-driven primary care platform
The startup’s platform includes a medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment.
4.7.24
The Israeli startup is developing DeepLight processors that utilize multi-core optical fibers to process data at the speed of light as it travels through the fiber, aiming to increase processing speeds up to 1,000 times during AI inference while using only about 1% of the energy
2.7.24
SendBlocks raises $8.2 million Seed round to streamline blockchain data management
The company is creating a platform that can handle Taylor Swift-levels of demand in the blockchain space. “The backend isn’t optimized for The Swifties,” says CEO
