(Shutterstock)
Some 62% of the $2.9 billion total came from six deals of more than $100 million.
By The Algemeiner and Reuters
Israeli tech startups raised $2.9 billion in the second quarter of 2024, the highest level in two years, IVC Data and Insights and LeumiTech said on Sunday.
It shows that the sector’s cash-raising ability remains robust despite Israel’s war with Palestinian Islamist terror group Hamas.
The number, based on preliminary figures, included a $965 million funding round by cybersecurity firm Wiz.
Without it, startups raised $1.94 billion, up 19% from $1.63 billion in the first quarter.
Some 62% of the $2.9 billion total came from six deals of more than $100 million, including Wiz, while the number of first-timers and new foreign investors in Israeli tech increased in the second quarter, the report said.
Fundraising by Israeli tech firms slowed beginning in the second half of 2022 due to a global slowdown.
It was also hit by government plans, now abandoned, to overhaul the country’s judiciary. Funding has remained steady since Israel’s war that began on Oct. 7 last year.
Netanyahu said: 'You will light a torch of civilian heroism on Independence Day.'
The latest finding about the Omani co-pilot is intensifying scrutiny over how he was cleared…
Izz al-Din Bik was one of the founders of Hamas’ Nukhba forces in northern Gaza.
Over Sukkot, IDF forces arrested six terrorists in Nablus and about 50 others across the…
Israel and Oman have no diplomatic relations, which has put the co-pilot's nationality at the…
The passengers were stranded after flydubai suspended flights to Israel following the cockpit attack.