Israeli startups raise $356m in first half of June

Globes: Israeli startups have set a blistering pace in their latest financing rounds to defy the global high-tech slowdown.

Despite a global slowdown in the high-tech sector, Israeli startups began June at a blistering pace in terms of financing rounds raising $237 million in the first week alone. In the second week, the pace slackened somewhat but an impressive $119 million was raised, bringing the tally in the first half of the month to $356 million.

The highlights of the first week were the $50 million raised by website guide developer WalkMe and the $40 million raised by image retail recognition company Trax. Other big financing rounds were $32 million raised by data storage company Weka.IO, $30 million by smart video company SundaySky and $25 million each by mobile cyber security developer Zimperium and patient monitoring device company EarlySense raised $25 million.

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2016-06-20T14:23:55+00:00June 20th, 2016|General, investment|0 Comments