Israeli startups raised over $400m in September

Israeli startups raised more than $400 million in September 2024, according to reports and press releases seen by Globes. The number may be higher because some companies prefer to remain hidden and sometimes do not announce the investments they have received.

Private Israeli technology companies raised $7.2 billion in the first nine months of 2024, according to IVC-LeumiTech, signaling a recovery from 2023 when $6.9 billion was raised in the full year, after raising $15 billion in 2022 and a record $15 billion. $25.6 billion. It went public in 2021. It should be noted that IVC identifies Safe Superintelligence (SSI) as an Israeli company, since its founders are former Israelis who are setting up a branch of the company in Tel Aviv. SSI raised $1 billion at a company valuation of $5 billion.

In September 2024, the largest funding rounds were completed by: automated cybersecurity company Torq, which raised $70 million; Photonic quantum computing company Quantum Source, which raised $30 million; and code quality platform company Qodo, which raised $40 million.

Published by Globes, Israel Business News – en.globes.co.il – on October 1, 2024.

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