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Well done Guy Flechter and team Sola Security on coming out of stealth with $30M in seed funding to offer cybersecurity protection to small and medium businesses! Kudos Alon Cohen and team QuamCore on coming out of stealth with a $9 million seed round to enable the implementation of a million-qubit computer in a 50 cm cube!
A new report by F2 Venture Capital, Google Cloud and Deloitte Israel shines a spotlight onto the buzzing emerging AI landscape in Israel so I couldn’t resist covering it. Nevertheless, there are two foundational models represented in Israel with AI21 Labs on the LLM side. AI & Data Ops is a key area for growth.
billion valuation ) to provide comprehensive cybersecurity protection for governments and national organisations! ? Way to go Ronit Belson and team Sawmills on coming out of stealth with a $10M seed round to transform telemetry data management with AI! Kol hakavod Arnon Heyman and IBI-Ag on securing a $6.1M
The second report, by Startup Nation Central (SNC) Policy Institute paints a similar picture but points a picture at the governments proposed judicial reform as the cause for reduced foreign investor activity (down 40% year over year up to Q3 2023). The actual amount might be higher as companies choose to stay in stealth for longer.
The US is moving to impose tough new restrictions on the export of advanced computer chips and other AI technology to dozens of countries, including Israel. QUOTE OF THE WEEK Israel is an incredible source of innovation and continues to be a successful tech hub through a very challenging time. APPOINTMENTS You’ve read my mind.
Earlier this week, Calcalist, Israel’s leading business newspaper launched their 2025 VC Survey with my thoughts on 2024 for Israeli startups and the tech industry at large, as well as and predictions for 2025. And where does this place Israel and its entrepreneurs? You can read the original piece here.
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