Abigail Klein Leichman
September 2, 2018

Fundraising news from Israeli companies in August 2018 leads with Puls Technologies, based in San Francisco with R&D in San Diego and Tel Aviv. Investors in the $50 million Series C round were Temasek, Sequoia Capital, Red Dot Capital Partners, Samsung NEXT, Viola Ventures, Hanaco Ventures and Hamilton Lane. Puls matches users with skilled technicians to fix electronic devices at home in as little as 60 minutes, 24/7.

Spotinst of San Francisco and Tel Aviv raised $35 million in a Series-B funding round led by Highland, with participation from existing investors Leaders Fund, Intel Capital, and Vertex Ventures. The company’s AI workload management platform helps companies manage cloud computing across several providers.

Twistlock, a cloud security company headquartered in Oregon with research and development operations in Herzliya, raised $33 million in a Series C funding round led by San Francisco-based venture capital firm ICONIQ Capital. Existing investors Dell EMC’s Dell Technologies Capital, YL Ventures, Ten Eleven Ventures, Rally Ventures Management and Polaris Venture also participated in the round.

Dynamic Yield of Tel Aviv raised $32 million in a Series D funding round led by Viola Growth. The company’s machine-learning engine builds actionable customer segments in real time, enabling marketers to increase revenue via personalization, recommendations, automatic optimization and messaging.

Zadara Storage raised $25 million in a round led by VC firm Growth Partners. The enterprise data storage company is based in Yokne’am Illit and Irvine, California.

Indegy raised $18 million from Liberty Technology Fund, Centrica Innovations, Vertex Ventures, Aspect Capital funds, Magma Venture Partners and angel investor Shlomo Kramer. The Tel Aviv-headquartered company, founded in 2014, makes cybersecurity products.

Carbyne closed a $15 million Series B round led by Elsted Capital Partners and joined by strategic investor Founders Fund. Formerly called Reporty, Carbyne develops advanced 911 public safety and emergency response infrastructure solutions. The company has offices in New York, Mexico and Kiev, with headquarters in Tel Aviv and New York.

New York and Tel Aviv-based fintech startup Pagaya Investments raised $14 million in Series B funding from former American Express CEO Harvey Golub, Oak HC/FT Partners, Clal Insurance Enterprises Holdings, Siam Commercial Bank and existing investor Viola Ventures.

Driivz of Hod Hasharon and California received $12 million from British energy company Centrica and London-based Ombu Group to advance its cloud-based electric vehicle charging network management software.

A $6.7 million Series A round was closed by Stampli, which makes AI-enhanced cloud-based invoice management software. It headquarters is in California and R&D in Petah Tikva. The round was led by the VC SignalFire, with the participation of Bloomberg Beta, Hillsven and UpWest Labs.

Tel Aviv-headquartered SoftWheel received $6 million in Series C funding from Japan’s Musashi Seimitsu, a global automotive Tier 1 manufacturer partly owned by Honda. This was part of a $25 million funding round led by Rothschild Bank that is in process.

SoftWheel’s technology fuses the drivetrain, suspension, e-motor, steering and brakes into a car’s wheel, providing a significant reduction in volume, weight, and energy consumption for EV, hybrid and autonomous vehicles.

Fosun and Fosun Hani Securities of Shanghai made a strategic investment of $5 million in Israeli fintech hub The Floor. This marks Fosun’s second fintech investment in Israel. The Floor, headquartered at the Tel Aviv Stock Exchange with a branch in Hong Kong, partners with six of the world’s largest financial institutions to leverage Israeli technologies and expertise in fintech, blockchain and cyber.

DiA Imaging Analysis (formerly DiaCardio) of Tel Aviv and Beersheva closed a $5 million funding round led by Connecticut Innovations with participation from Defta Healthcare, Israel’s Innovation Authority, and existing investors. DiA’s automated medical image analysis tools are approved in the United States and the European Union.

Rishpon-based Bosco raised $4 million in Series A funding from London-based Arie Capital and Singapore-based FengHe Fund Management. Bosco’s app lets parents monitor their children’s smartphone activities.

ZecOps closed a $3.5 million seed investment from KPN Ventures, Evolution Equity Partners, Plug and Play Silicon Valley, WISE Ventures and Array Ventures. The cybersecurity startup was launched last year in San Francisco by Israelis Zuk Avraham and wife Taly Slachevsky, and maintains an R&D center in Tel Aviv.

Air Doctor raised $3.1 million from Kamet insurtech incubator, a subsidiary of France’s AXA. Founded in 2016, Air Doctor was incubated at MassChallenge Israel and is based in Motza Illit outside Jerusalem. Travelers can use its app to locate and book an appointment with a trusted doctor in their vicinity.

Bnei Brak-based BD Innovations raised $2 million from a strategic group of investors, to be used for marketing and expansion of its business support system that integrates database maintenance and optimization, file management, and software integration into Internet, mobile, fixed-line and television service.

EcoPlant Technological innovation of Modi’in-Maccabim-Re’ut raised $1.7 million in a Series A round led by Benhamou Global Ventures. EcoPlant is developing a cloud-based infrastructure monitoring system for industrial plants to improve energy efficiency and equipment uptime.

Israel-based InnoCan Pharma, an early stage company developing over-the-counter Cannabinoid-based drugs for psoriasis and muscle and joint pains, raised approximately $800,000 (almost NIS 3 million) from more than 500 investors in a campaign on Israeli crowdfunding platform Pipelbiz.

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