Israeli startups raised over $400m in September

Israeli startups raised over $400 million in September 2024, based on stories and press releases seen by “Globes.” The determine could also be extra as some corporations want to stay in stealth and typically don’t publicize the investments they’ve obtained.

Israeli privately-held tech corporations raised $7.2 billion within the first 9 months of 2024, based on IVC-LeumiTech, indicating a restoration from 2023 when $6.9 billion was raised in all the yr, after $15 billion was raised in 2022 and a document $25.6 billion was raised in 2021. It needs to be famous that IVC defines Secure Superintelligence (SSI) as an Israeli firm, resulting from the truth that its founders are former Israelis who’re establishing a department of the corporate in Tel Aviv. SSI raised $1 billion at an organization valuation of $5 billion.

In September 2024, the largest financing rounds had been accomplished by: automated cybersecurity firm Torq, which raised $70 million; photonic quantum computing firm Quantum Supply, which raised $30 million; and code high quality platform firm Qodo, which raised $40 million.

Printed by Globes, Israel enterprise information – en.globes.co.il – on October 1, 2024.