Israeli Startups
Despite a slowdown in global high-tech, Israeli Startups continue to close large financing rounds.
There may be a slowdown in the high-tech sector worldwide but Israeli companies still don’t seem to have any problems raising money. In the first week of June alone, 13 Israeli companies raised an impressive $237 million. All this follows a creditable May for Israeli startups, when among other things ridesharing app Via raised $100 million and taxi hailing app Gett (formerly GetTaxi) brought in a $300 million investment from Volkswagen.
Website guide developer WalkMe has led the way in June with a $50 million financing round. Not far behind was image retail recognition company Trax, which raised $40 million and data storage company Weka.IO, which raised $32 million. Smart video company SundaySky raised $30 million and mobile cyber security developer Zimperium raised $25 million…
Read full article at Globes English
