November 2024 in Israeli tech funding: $697 million in 17 deals
Almost half of November's funding came courtesy of Cyera, which raised a $300 million Series D, taking its total funding in the last seven months to $600 million.
Around $700 million were raised by Israeli startups across 17 deals during November. Almost half of November's funding came courtesy of Cyera, which raised a $300 million Series D, taking its total funding in the last seven months to $600 million.
Other notable rounds included Eon raising $70 million and earning unicorn status, ScaleOps, which netted $58 million, and Pyramid Analytics that secured $50 million.
See the full list of the November deals below (The list includes funding rounds of over $5 million that were officially announced during November):
26.11.24
Decart raises $25 million, surges to $500 million valuation just weeks after Seed round
The Israeli startup raised $21 million in its Seed round, led by Sequoia Capital with participation from Oren Zeev, at a post-money valuation of $100 million
The Israeli startup has been likened to "the next Wiz" due to its rapid fundraising trajectory and high-caliber team, achieving unicorn status in less than 12 months
25.11.24
Fintech Capitolis raises $20 million from Citi, Morgan Stanley, State Street and UBS
Each bank will invest $5 million and receive a representative on the Board of Directors
Mobile games D2C platform Appcharge nets $26 million Series A
Appcharge helps mobile game publishers to sell virtual items and currency directly to players, helping developers retain up to 95% of their revenue
Pyramid Analytics secures $50M from BlackRock to drive AI business intelligence
The Israeli company took its total funding to around $250 million after raising $120 million at a $1 billion valuation in March 2022
24.11.24
Eon rockets past $1 billion valuation in under a year, raising tens of millions more
AWS alumni had already previously raised $127 million in three funding rounds for Eon, which has been likened to "the next Wiz" due to its rapid fundraising trajectory and high-caliber team
21.11.24
TailorMed raises $40 million in equity and debt to help patients access critical medications
With growing demand in the U.S., the startup’s platform addresses one of healthcare’s biggest pain points
20.11.24
Cyera doubles valuation to $3B with $300M Series D, total funding hits $600M in seven months
The Israeli cybersecurity unicorn, which acquired Israeli startup Trail Security for $162 million last month, plans on growing its workforce from 400 to 600 employees by the end of 2025. "We aim to be the CrowdStrike of data security, with billions in revenue," said CEO Yotam Segev
Twine’s AI platform automates key security tasks, starting with identity management, to support overwhelmed teams
Converge Bio raises $5.5M in Seed funding to speed up drug discovery and development with GenAI
The Israeli startup's platform uses large language models (LLMs) trained on biological and chemical data (DNA, RNA, protein sequences, and small molecules) to help biotech and pharmaceutical companies discover and develop better-performing drugs in less time
19.11.24
Spines raises $16 million Series A to transform the publishing industry with AI
By making publishing faster, cheaper, and more accessible, Spines aims to publish 8,000 titles by 2025
18.11.24
CommBox closes $15M round to expand secure AI customer service platform
The Israeli startup enables brands to engage customers across all channels from a single interface, leveraging digital engagement, business automation, conversational AI, and generative AI chatbots
13.11.24
Panjaya.ai raises $9.5M for BodyTalk to perfect multilingual AI translation
TED and JFrog among early adopters of the platform that syncs language with gestures
Bluespine secures $7.2M to tackle healthcare overspending for self-insured employers
AI solution helps firms like Mattel and DavidShield recover and prevent costly billing errors
12.11.24
Ex-IntSights founders land $20M for PointFive to combat cloud cost wastage
The Israeli startup’s platform automates cost savings for enterprises managing cloud resources
ScaleOps raises $58M Series B as demand grows for cloud automation solutions
Offering a hands-off approach to cloud optimization, the Israeli startup’s platform automates resource allocation, helping companies avoid wasted spend and performance issues
Alison.ai closes $13.3M to scale AI-based video ads
The Israeli startup’s platform leverages AI to generate full video creatives using both their customers’ data and data gleaned from their competitors
6.11.24
Kardome secures $10M Series A for spatial hearing AI technology
The Israeli startup’s spatial hearing software enables devices to move beyond screen-based, manual inputs and instead respond to natural, voice-driven, and context-aware interactions. Kardome’s software has already been implemented in more than a million devices
