Israel’s high-tech startups raised $987 million across 26 deals in October 2024. This marks a significant rebound after two months of failing to reach the $500 million mark. Three companies completed mega-rounds surpassing $100 million each.
Armis raised $200 million, Melio secured $150 million, and DoorLoop raised $100 million. Other notable funding rounds included Noma’s $25 million Series A, Decart’s $21 million seed funding, and Verax AI’s $7.6 million seed funding. Zenity raised $38 million in a Series B round for its cybersecurity platform protecting AI copilots and low-code applications.
Vensica Medical secured $11 million to trial treatments for overactive bladder. Matia, co-founded by brothers in Miami and Tel Aviv, raised $10.5 million in seed funding to streamline data management. Innoventric got $28.5 million to reduce the need for surgical valve replacement and general anesthesia.
Obligo’s $35 million Series C will support its security deposit alternative platform for renters and landlords. Stream.Security’s $30 million Series B will fund its real-time cloud threat modeling technology. OneStep secured $36 million in a Series B round for its motion analysis technology transforming smartphones into clinical-grade tools.
Funding surge in Israeli startups
BiltOn netted $15 million in a Series B to scale its construction site workforce and safety management solutions. Other seed rounds included Lidwave’s $10 million for its 4D LiDAR-on-chip technology and Early’s $5 million for its AI-powered software testing solution. Monogoto raised $27 million in a Series A for its global connectivity solutions.
Port’s $35 million Series B will support its growing demand for DevOps solutions. Ubeya landed a $10 million investment for its workforce management platform connecting employers and flexible workers. Prime Security netted $6 million in seed funding for its AI-integrated security product for software development.
Xtype’s $21 million Series A will accelerate its ServiceNow delivery platform. Kando raised $10 million for its wastewater intelligence platform using machine learning. EON raised $77 million at a $750 million valuation for its cloud-native data recovery systems before even launching.
Nym secured $47 million for its autonomous medical coding platform facilitating hospital-insurance communication in the U.S.
Air Doctor landed a $20 million Series B to connect travelers with doctors across 84 countries worldwide. The strong showing in October positions Israeli startups for continued growth and innovation in the tech industry.
