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Israeli startups raised $800 million in September

Since the start of 2022, such companies have raised some $13.5 billion, according to a new report.

Seed money. Credit: Flickr via Wikimedia Commons.
Seed money. Credit: Flickr via Wikimedia Commons.

Israeli companies raised $800 million in September and $13.5 billion since the start of 2022, Israeli business daily Globes reported on Sunday.

The report added that the figures may be higher since some companies do not publicize their investment figures.

Citing figures from the Israeli Venture Capital (IVC) business data center, the report said that local privately-held tech companies raised a record $25.6 billion in 2021—more than double the $10 billion raised in 2020.

Israeli entrepreneurs raised $10.9 billion in the first half of 2022, according to the Globes report. This includes $1.1 billion raised in August alone. Despite falling short of last year’s record, the companies have already raised more capital than in all of 2020.

The major fundraising rounds that were completed in September were reportedly led by cloud optimization company Zesty, which raised $75 million.

Cymulate, a cybersecurity firm, raised $70 million; Deep Instinct, a cybersecurity company, $62 million; AccessFintech, a fintech company, $60 million; and Mesh Payments, another fintech company, also $60 million.

Carbyne, an emergency contact firm, raised $56 million; and Taranis, an artificial-intelligence-fueled agricultural intelligence startup, raised $40 million.

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