August is usually associated with a slow month in the area of investments worldwide. But the first week of the month posted big funding rounds for a slew of Israeli startups in a range of fields including 3D printing, social networking, medtech, mobile, and cybersecurity.
Israeli 3D printing startup Formlabs raised $35 million in Series B funding from Foundry Group and Autodesk, and announced plans to collaborate strategically with Autodesk.
Intel Capital announced three investments worth over $25 million in Israeli startups this week: a $7 million Series A funding round in Panoply.io, the Tel Aviv and San Francisco based startup that enables companies to implement a complex analytics cloud infrastructure with a click of a button; a $17.5 million Series B funding round in Velostrata, a leader in cloud workload mobility — with participation from existing investors Norwest Venture Partners and 83 North; and $13.6 million Round B of funding in Sedona Systems, creator of the market’s first IP/optical converged control platform for service provider networks.
Spot.IM, a disruptive social engagement platform working with over 25 percent of the US digital publishing industry, announced a Series A funding round of $13 million. Notable investors included Index Ventures, AltaIR and Norma Investments Limited, representing businessman Roman Abramovich, among other prestigious serial technology investors and various media and marketing visionaries such as James Hilton (CEO of M&C Saatchi Mobile), Avishai Abrahami (Co-Founder & CEO of Wix), Giora Kaplan (Co-Founder & CTO of Wix), Nir Zohar (President & COO of Wix), Brian Bedol and Ran Tushia.
Herzilya-based CyberX, a leading provider of cybersecurity solutions for the Industrial IoT arena, announced the completion of a $9 million funding round. The round was led by Flint Capital, including existing investors Glilot Capital Partners, Swarth Group, GlenRock, newly joined ff Venture Capital (ffVC) and additional angel investors. CyberX was founded by Omer Schneider and Nir Giller, both veterans of the Israeli Elite Cyber Security Unit.
Insert.io, a startup that provides marketers and product managers with a solution for engaging with their app’s users, announced a $10 million Series A funding round. Battery Ventures led the round, with participation from seed round investors Shlomo Kramer, Rakesh Loonkar, and Mickey Boodaei.
Kfar Saba-based Ornim, an emerging, commercial-stage medical technology company specializing in clinical research, development, and distribution in the field of tissue and cerebral blood flow and perfusion, announced a $20 million equity financing round. The financing was led by LongTec HongTao China Ventures, one of the most professional VC Funds in China focused on medtech investments. In addition, existing investors OrbiMed, GE Ventures, and others participated in the financing.
Ornim’s FDA cleared lead product, the c-FLOW non-invasive patient monitoring system, provides real-time, blood flow or perfusion measurement to the brain and other vital tissue in the body.
“We are thankful and excited to be supported by a world-class syndicate of new and existing life science investors. This financing strongly positions Ornim to capitalize on the significant market opportunity in front of us. Furthermore, LongTec’s extensive expertise in developing and commercializing medical technologies in China and throughout Asia will greatly accelerate our current efforts in expanding our global market opportunity,” said Israel Schreiber, president and CEO of Ornim.