The monthly report summarizes investment activity in Israel's tech sector in August 2021. There was $309 million invested across 15 funding rounds. Notable deals include a $62 million Series C round for Upstream Security and a $45 million Series E for VisIC Tech. The report also lists new investors, top funded business models over the last year, and companies added to the analyst picks list such as AiDock, Home Hero, and Regatta.

1. TRACXN MONTHLY REPORT
AUGUST 2021
ISRAEL TECH

2. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Israel Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
Acquisitions 12
Recent News 13

3. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Israel Tech Snapshot – August 2021
Israel Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
3
$309M
15
Overall Geo Stats
17
9
52
17
19
Funding Rounds $ Invested Analyst Picks
HopOn Upgraded to
MINICORN
New Investors
QED Investors
Downing Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Dustico#@
Waycare#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Tel Aviv
(9 Rounds, $86.0M)
Herzliya
(1 Rounds, $62M)
Beersheba
(1 Rounds, $14M)
Ashdod
(1 Rounds, $3.5M)
$62M - Series C
Upstream Security (2017, Herzliya,
$139M)
$45M - Series E
VisIC Tech (2010, Rehovot, $66.6M)
$40M - Series B
BrainQ (2011, Jerusalem, $48.8M)
$30M - Series B
Hunters (2018, Tel Aviv, $50.4M)
OurCrowd
(2 Investments)
Hanaco Ventures Capital
(2 Investments)
Bessemer Venture
Partners
(1 Investments)
Salesforce
(1 Investments)
Cybersecurity
Upstream Security
Internet of Things Infrastructure
Veego
Autonomous Vehicles
Connected Vehicles
Market Size
Companies Covered 9,424
Funded Companies 3,457
Total Funding $42.5B
Funding in last 12 months $9.2B
Top Exits
IPOs 146
Acquisitions 611
Company Stage
Unicorns 26
Soonicorns 139
Minicorns 345
Editor Picks 1,193
Series A+ 1,170
Series C+ 310
Acqui-Hires 13
Deadpooled 1,568
Top Cities
Tel Aviv (1,852 Rounds, $18.5B)
Herzliya (261 Rounds, $3.1B)
Top Investors
Pitango (81 Investments)
MassChallenge (72 Investments)

4. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Israel Tech as of August 2021
Israel Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Upstream Security
(2017, Herzliya, $139M)
$62.0M - Series C Mitsui Sumitomo Insurance
VisIC Tech
(2010, Rehovot, $66.6M)
$45.0M - Series E GSR Capital
BrainQ
(2011, Jerusalem, $48.8M)
$40.0M - Series B Hanaco Ventures Capital
Hunters
(2018, Tel Aviv, $50.4M)
$30.0M - Series B Bessemer Venture Partners
Jifiti
(2011, Modiin, $29.3M)
$22.5M - Series B Ingka
DiA Imaging Analysis
(2009, Beersheba, $25.0M)
$14.0M - Series B Alchimia
Capitalise
(2014, Tel Aviv, $18.8M)
$13.8M - Series A Experian
Veego
(2018, Ramat Gan, $18.0M)
$13.0M - Series A Magenta Venture Partners
HAGAR
(2017, Tel Aviv, $17.1M)
$11.7M - Series B
4M Analytics
(2019, , $14.0M)
$11.0M - Series A F2 Capital
HopOn
(2013, Tel Aviv, $14.2M)
$10.0M - Series B
*Shows only the lead Investors

5. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Israel Tech in August 2021
Israel Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$5.0M - Series C
Realview Imaging (2008, Yokneam Illit, $25.0M)
Provides 3D holographic display based solutions for
medical imaging applications
OurCrowd, , Century Plus Club, Kobi Richter, Judith
Richter, and 1 more
LATE STAGE
$45.0M - Series E
VisIC Tech (2010, Rehovot, $66.6M)
GaN devices for power conversion market
GSR Capital, ZHHG
LATE STAGE
$62.0M - Series C
Upstream Security (2017, Herzliya, $139.0M)
Cloud based automotive cybersecurity solutions
provider
Delek US Holdings, Glilot Capital Partners, Mitsui
Sumitomo Insurance, Nationwide, Volvo Group, and 2
more
EARLY STAGE
$3.5M - Series A
Yofix (2015, Ashdod, $8.0M)
Developer of plant-based probiotic food products
Millennium, Big Idea Ventures, The Kitchen
EARLY STAGE
$6.0M - Series A
Vesttoo (2018, Tel Aviv, $8.0M)
AI-based solutions for insurance-linked securities
Hanaco Ventures Capital
EARLY STAGE
$7.4M - Series A
Append Medical (2016, Or Yehuda, $7.4M)
Developer of a device for the left atrial appendage
closure system
EARLY STAGE
$10.0M - Series B
HopOn (2013, Tel Aviv, $14.2M)
Saas-enabled mobility-as-a-service & data collection
solution for public transit operators
EARLY STAGE
$11.0M - Series A
4M Analytics (2019, , $14.0M)
Provider of AI-based security intelligence solutions
Viola Group, F2 Capital, Rami Beracha, Eyal Gabay
EARLY STAGE
$11.7M - Series B
HAGAR (2017, Tel Aviv, $17.1M)
Developer of a non-invasive glucometer device for
diabetes patients
EARLY STAGE
$13.0M - Series A
Veego (2018, Ramat Gan, $18.0M)
Provider of AI-based network security solutions for IoT
applications
Magenta Venture Partners, North First Ventures,
Amdocs, State of Mind Ventures, Robert Bosch Venture
Capital

6. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Israel Tech in August 2021
Israel Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$13.8M - Series A
Capitalise (2014, Tel Aviv, $18.8M)
AI-based trading automation solution for brokerage
firms
Experian, QED Investors, Gauss Ventures, Hambro
Perks, PostFinance
EARLY STAGE
$14.0M - Series B
DiA Imaging Analysis (2009, Beersheba, $25.0M)
Provider of automated imagining analysis tools
CE Ventures, DEFTA Partners, Alchimia, ICON Advisers,
Philips, and 5 more
EARLY STAGE
$22.5M - Series B
Jifiti (2011, Modiin, $29.3M)
Gifting App - Browse in-store, Scan with app, Gift it.
Ingka
EARLY STAGE
$30.0M - Series B
Hunters (2018, Tel Aviv, $50.4M)
Artificial intelligence-based threat detection platform
Bessemer Venture Partners, YL Ventures, Blumberg
Capital, M12, U.S Venture Partners
EARLY STAGE
$40.0M - Series B
BrainQ (2011, Jerusalem, $48.8M)
Provider of AI-based wearable devices to treat
neurological disorders
Hanaco Ventures Capital, Peregrine Ventures, Dexcel
SEED STAGE
$2.0M - Seed
Eloops (2004, Tel Aviv, $2.1M)
Social collaboration platform for enterprises
SEED STAGE
$2.0M - Seed
Edge GAMING (2021, Tel Aviv, $2.0M)
AI-based training platform for professional gamers
AnD Ventures
SEED STAGE
$3.5M - Seed
Castor (2017, Tel Aviv, $5.5M)
Provider of cloud-based 3D printing management
software
Spring Ventures, Xerox, Evonik, TAU Ventures,
Chartered Group, and 1 more
SEED STAGE
$7.0M - Seed
ByondXR (2015, Tel Aviv, $7.0M)
Provider of an immersive AR, VR, and 360-degree
content creation platform
Firstime, OurCrowd, Peter Chu

7. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Israel Tech in August 2021
Israel Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
QED Investors
177 portfolio companies | Institutional investor focusing on early stage start-ups.
Capitalise
AI-based trading automation solution for brokerage firms
$13.76M Series A
Downing Ventures
18 portfolio companies | Venture capital firm focused on tech, healthcare, and
enterprises
DiA Imaging Analysis
Provider of automated imagining analysis tools
$14.00M Series B
GSR Capital
9 portfolio companies | PE & VC firm focused on multiple sectors
VisIC Tech
GaN devices for power conversion market
$45.00M Series E
Hambro Perks
42 portfolio companies | Venture capital firm investing in multiple sectors
Capitalise
AI-based trading automation solution for brokerage firms
$13.76M Series A
Xerox
3 portfolio companies | Provider of digital document solutions
Castor
Provider of cloud-based 3D printing management software
$3.50M Seed
Gauss Ventures
13 portfolio companies | Early-stage centric tech-focused venture capital firm
Capitalise
AI-based trading automation solution for brokerage firms
$13.76M Series A
PostFinance
9 portfolio companies | Commercial bank
Capitalise
AI-based trading automation solution for brokerage firms
$13.76M Series A
Experian
6 portfolio companies | Credit scoring solutions for individuals and SMEs
Capitalise
AI-based trading automation solution for brokerage firms
$13.76M Series A
Alchimia
1 portfolio companies | Venture capital firm investing in early-stage and growth
phases rounds in startups
DiA Imaging Analysis
Provider of automated imagining analysis tools
$14.00M Series B
Evonik
6 portfolio companies | Chemicals company
Castor
Provider of cloud-based 3D printing management software
$3.50M Seed

8. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Israel Tech in August 2021
Israel Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
XTX Markets
9 portfolio companies | Quantitative-driven electronic trading market maker
DiA Imaging Analysis
Provider of automated imagining analysis tools
$14.00M Series B
Big Idea Ventures
13 portfolio companies | Venture capital fund focused on the plant-based food
sector
Yofix
Developer of plant-based probiotic food products
$3.50M Series A
Ingka
11 portfolio companies | Group of company focused on multiple industries
Jifiti
Gifting App - Browse in-store, Scan with app, Gift it.
$22.50M Series B
Dexcel
6 portfolio companies | Manufacturer of branded and generic pharmaceuticals
BrainQ
Provider of AI-based wearable devices to treat neurological disorders
$40.00M Series B
Spring Ventures
2 portfolio companies | Late stage tech-focused VC firm funding companies in
Israel
Castor
Provider of cloud-based 3D printing management software
$3.50M Seed
Century Plus Club
1 portfolio companies | Angel network focusing on real estate investments
Realview Imaging
Provides 3D holographic display based solutions for medical imaging
applications
$5.00M Series C
ZHHG
1 portfolio companies | Manufacturer of LED lighting system
VisIC Tech
GaN devices for power conversion market
$45.00M Series E

9. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲66 Cloud Infrastructure Security $801M 11 Orca Security | $210M | Series C
2 ▲85 Cloud Security $765M 10 Orca Security | $210M | Series C
3 ▲153 Blockchain Security $554M 5 Fireblocks | $310M | Series D
4 -- Endpoint Security $306M 2 Cybereason | $275M | Series F
5 ▲46 Facial Biometric Systems $278M 2 AnyVision | $235M | Series C
6 ▼-3 Voice Analytics $250M 1 Gong | $250M | Series E
7 ▼-3 Revenue Forecasting $250M 1 Gong | $250M | Series E
8 -- Network Routing Software $208M 1 DriveNets | $208M | Series B
9 ▲35 IoT Security for Devices $155M 6 Upstream Sec.. | $62.0M | Series C
10 ▲87 Lab Grown Meat Substitutes $141M 4 Aleph Farms | $105M | Series B

10. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Israel Tech in August 2021
Israel Tech: Analyst Picks
10
Upgraded to MINICORN
HopOn (2013, Tel Aviv, $700K, Seed)
Saas-enabled mobility-as-a-service & data collection
solution for public transit operators
Poalim Capital Markets, Plug and Play Tech Center,
JSCapital and 5 other Investors
Upgraded to MINICORN
Vesttoo (2018, Tel Aviv, $6.0M, Series A)
AI-based solutions for insurance-linked securities
Hanaco Ventures Capital, SureTech, Longevitytech.fund
and 1 other Investors
Upgraded to MINICORN
Yofix (2015, Ashdod, $3.5M, Series A)
Developer of plant-based probiotic food products
CPT Capital, VegInvest, Millennium and 9 other
Investors
Upgraded to MINICORN
HAGAR (2017, Tel Aviv, $11.7M, Series B)
Developer of a non-invasive glucometer device for
diabetes patients
Added to Editor's Pick
AiDock (2018, Rehovot, $750K, Seed)
AI-enabled trade documents management solutions
Plug and Play Tech Center,theDOCKand
Added to Editor's Pick
Home Hero (2017, Herzliya, $4.0M, Series A)
Online brokerage firm
MMG Capital Ventures, Mizrahi-Tefahot Bank, Altair
Capital and 1 other Investors
Added to Editor's Pick
Regatta (2021, Unfunded)
SQL database solutions provider
83North,TPY Capital,Comcast Venturesand
Added to Editor's Pick
TripleW (2015, Netanya, $2.6M, Grant (prize money))
Provider of solutions to converts food waste into
high-value bioplastic
Millennium,European Unionand
Added to Editor's Pick
EcoPhage (2018, Misgav, Unfunded)
Provider of a bacteriophage-based crop protection
solution
MassChallengeand
Added to Editor's Pick
Propel (2017, Jaffa, $1.1M, Seed)
Public relations management software
LogicBoost Labsand
Added to Editor's Pick
Valire (2009, Raanana, Unfunded)
Provider of internal fraud detection software
Incentive Incubator,Awz Ventures,Peregrine
Venturesand
Added to Editor's Pick
Let'sTok (2012, Haifa, $250K, Seed)
End-to-end video interaction platform for influencers,
advisers, followers, and consumers

11. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Israel Tech in August 2021
Israel Tech: Analyst Picks
11
Added to Editor's Pick
Edge GAMING (2021, Tel Aviv, $2.0M, Seed)
AI-based training platform for professional gamers
AnD Venturesand
Added to Editor's Pick
Wonder Robotics (2018, Hod Hasharon, Unfunded)
Provider of software for drones to take off & land safely
and autonomously
Added to Editor's Pick
NanoGhost (2020, Netanya, Unfunded)
Developer of cell therapies based on nanovesicles drug
delivery system
aMoonand
Added to Editor's Pick
MagnusMetal (2018, Ness Ziona, Unfunded)
Manufacturer of additive casting products
Next Gear Venturesand
Added to Editor's Pick
ASTOR (2020, Haifa, Unfunded)
Provider of AI-based solutions for retail and
e-commerce applications

12. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Israel Tech in August 2021
Israel Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
05 Aug 2021
Dustico(2020, Tel Aviv)
Cloud based supply chain security solution provider
Checkmarx
09 Aug 2021
Waycare(2016, Tel Aviv, $10.1M)
Provider of an AI and cloud-driven traffic management software
Rekor $61.0M
10 Aug 2021
Zebra Medical Vision(2014, Ramat Hasharon, $50.0M)
Medical image based decision support tools
Nanox $200.0M
10 Aug 2021
Peer5(2011, Tel Aviv, $4.0M)
Serverless P2P CDN For Live Video Streaming
Microsoft
11 Aug 2021
Skyline(2017, Tel Aviv, $21.0M)
AI-based real estate investment platform
Jones Lang LaSalle
13 Aug 2021
Epsagon(2017, Tel Aviv, $30.1M)
Platform for end-to-end monitoring of micro services and
serverless architectures
Cisco $500.0M
24 Aug 2021
DocAuthority(2013, Raanana, $13.3M)
Data classification & Unstructured data management
NowVertical Group
24 Aug 2021
Spondoolies Tech(2013, Tel Aviv, $12.0M)
Provider of bitcoin mining hardwares and mining contracts
Blockstream
30 Aug 2021
CartiHeal(2009, Kfar Saba, $65.8M)
Provider of implant for bone and cartilage regeneration
Bioventus

13. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Israel Tech in August 2021
Israel Tech:News
13
Exit News
.
● Riskified Begins Trading As IPO Values Anti-Fraud Firm At $3.3B PYMNTS.com
.
● Riskified Ltd. announced the termination of the primary public offering and the
full exercise of the subscribe... Business Wire
.
● Makiage Acquires AI Startup Beauty Packaging
.
● Uniphore to acquire Jacada to transform customer experience in the region ITP
.
● Microsoft acquires Peer5 to supplement Teams' live video streaming ZDNet
.
● Nanox Enters into Acquisition via Merger Agreement with Zebra Medical Vision
Ltd. and Announces Entry into Bin... Business Wire
.
● Cisco snags Epsagon in $500m deal Global Corporate Venturing
.
● Riskified Announces Initial Public Offering Pricing Business Wire
.
Fund News
.
● Overwolf launches $50M fund for community-built gaming mods VentureBeat
.
People News
.
● Former SEC chairman Clayton joins crypto platform Fireblocks as advisor The
TRADE
.
● Exabeam hires first APAC channel director ARN
● Food tech company DouxMatok names Ari Melamud as CEO foodbev.com
.
● M247 names new chief executive Insider Media
.
● Seedo Corp. Appoints Avi Stern from Wix.Com to Board of Directors ACN Newswire
.
● Ultisat Selects Richard Koucheravy As New Vp Of Business Development To
Drive Growth And Expand Presence In Ev... GlobeNewswire
.
● Check Point’s Hamish Soper jumps to Tesserent to lead NZ expansion ARN
.
● Sisense Appoints Cloud Technology Expert Gilad Katz as Senior Vice President,
Engineering Business Wire
.
Company News
.
● Todos Medical Receives Trademark Notice of Allowance from USPTO for Its 3CL
Protease Inhibitor Dietary Supplem... Financial Buzz
.
● EXALT Model B Single-Use Bronchoscope Receives FDA Approval Medical Device
News Magazine
.
● First robot-assisted system for transvaginal hysterectomy approved by FDA The
Robot Report

14. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (2/2)
Recent News in Israel Tech in August 2021
Israel Tech:News
14
● Todos Medical to Launch New Antibody Blood Test for COVID-19 BioPharm
International
.
● FDA Clears BrainsWay Deep TMS™ System for Decreasing Anxiety Symptoms
in Depressed Patients GlobeNewswire
.
● Israeli Medical Holography Firm Gets FDA Clearance For 3D In-Air Hologram
System NoCamels

15. Israel Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Israel Tech on Tracxn Platform
Israel Tech: Explore more on Tracxn Platform
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Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Israel
AI Companies in Israel
Fintech Companies Israel
Consumer Digital in Israel
Company Due Diligence
Detailed profile of Gett
Competitors of Cybereason
Cap Tables of Gong
Investment Activity
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Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
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Exits
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