September 2024 in Israeli tech funding: $446 million in 21 deals

Over $446 million were raised by Israeli startups across 21 deals during September, the second straight month local companies failed to reach $500 million. 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

September saw 21 deals announced, three times that of August, but the total sum was relatively low compared to previous years due to the lack of mega rounds. Israeli startups raised $960 million in September 2023, largely thanks to the $238 million from Cato Networks and $150 million from HiBob. September 2022 also saw local tech companies raise around $900 million, with over $2 billion raised in September 2021 at the peak of the bubble.

Torq co-founders.

See the full list of the September deals below (The list includes funding rounds of over $5 million that were officially announced during September):

30.9.24

Augmented Intelligence raises $10M at $350M valuation, forms AI agent partnership with Google Cloud

The partnership will bring AUI’s Apollo model to companies needing robust AI solutions for customer interactions

Qodo raises $40 million Series A for AI-driven coding and bug prevention

The Israeli startup has developed an AI-based platform for writing and testing high-quality code to prevent issues like the CrowdStrike event that brought down millions of computers worldwide three months ago

Apono nets $15.5M Series A for cloud access management solution

The Israeli startup's platform offers a security solution for managing access rights to cloud applications and organizational databases

25.9.24

GEOX secures $19 million Series A to analyze real estate risk from climate-related disasters

The Israeli startup’s technology uses artificial intelligence to conduct 3D analysis of aerial imagery, enabling automated and highly accurate assessments of real estate properties. This system helps to predict potential damage caused by natural disasters such as hurricanes, floods, and wildfires

Tamnoon raises $12M Series A for cloud security remediation platform

The Israeli startup has developed a hybrid human-AI managed service that reduces cloud exposures and enhances cloud security by optimizing prioritization, triage, remediation, and prevention processes for both pre and post deployment

Enzymit raises $10 million Series A for cell-free bio-production technology

The Israeli startup is building a cell-free production platform that aims to make bioproduction faster, simpler, cost-effective, and scalable

24.9.24

Cyber startup Torq’s $70M funding pushes 2024 total to $112M amid triple-digit growth

The Israeli startup has seen revenue growth of over 3x for the second consecutive year and expects to reach $100 million in annual recurring revenue (ARR) by the end of 2026

23.9.24

Cherre raises $30M Series C to expand real estate data management and intelligence platform

The startup’s platform gives clients direct control over moving and managing their data, while providing visibility, observability, and validation tools to improve data quality

18.9.24

With raises $10M in Seed funding for community platform

The Israeli startup’s solution brings city and county payments, registrations, and communications to one synchronous platform, with municipal staff and partners across departments having the ability to create events, publish them, and immediately open a ticketing system

17.9.24

Intezer raises $33M to provide security teams with AI that emulates human analysts

The startups’s Autonomous SOC platform uses AI models to simulate human analysts’ decision-making process, effectively functioning as an extension of the security team

16.9.24

Payouts.com adds $8M to Seed round for payments and vendor management platform

The company, which initially raised $4.1M in Seed funding in Q4 of last year, has developed an AI-powered solution that enables businesses to automatically manage payments and vendor relationships

11.9.24

Datricks raises $15M Series A for AI-powered compliance and risk management platform

Backed by Team8 and SAP, the Israeli startup’s platform autonomously detects unknown financial risks, surfaces hidden anomalies, and proactively prevents them from escalating into financial or reputational damage for large enterprises

10.9.24

Quantum Source secures $50 million Series A to advance photonic quantum computers

The Israeli startup targets breakthroughs in quantum computing with its photonic approach and growing investor confidence

Element Security nets $5M in funding to help organizations manage their external attack surface

The Israeli startup has developed an exploit engine that continuously and actively attempts to hack their customers' external-facing assets, identifying high-impact exposures before attackers can exploit them

Discure Technologies raises $16 million for degenerative disc disease treatment

DDD accounts for 35% of all lower back pain and an economic loss of $100 billion in the U.S. alone

9.9.24

Odigos raises $13 million to simplify distributed tracing

The company helps customers to monitor data requests as they flow through their system, without requiring code changes or impacting performance

8.9.24

Iranian-born Israeli cyber pioneer Sanaz Yashar nets $40M for Zafran Security

Zafran, which has developed a risk and mitigation platform to pinpoint exploitable threats in organizations, has raised over $70 million in the past six months, with Sequoia Capital leading the latest round

5.9.24

Hypernative raises $16 million Series A to make crypto safer

The Israeli startup’s system has helped to save more than $100 million worth of customer funds to date

Odeeo closes $5M funding round, opens US office

The Israeli startup’s in-game audio advertising platform enables brands and studios to use audio adverts along with visual elements in a game

Sedric raises $18.5M Series A for AI-based fintech compliance platform

The Israeli startup helps compliance officers with a holistic view of their customer touchpoints across multiple channels to flag deviations from their established compliance policies and guidelines

3.9.24

Somite Therapeutics takes pre-seed to $10M as it eyes to become ‘the OpenAI of stem cell biology’

The company has received an extension of $4.8 million just six months after its initial raise for its novel cell replacement