Tech Slowdown? Israeli Startups Raise $145 Million in Three Days

Flood of fundraising capped by $21.5 million for Eyeview.

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Israeli high-tech workers. Rare is the Ethiopian-Israeli among them.
Israeli high-tech workers. Rare is the Ethiopian-Israeli among them.Credit: Alon Ron

Israeli startups offering everything from anti-collision technology to augmented reality raised nearly $145 million in the past three days, a pace that suggests the global slowdown in tech funding hasn’t reached Israel.

Eyeview, a New York-based video-advertising technology company said Wednesday it raised $21.5 million in a round led by Qumra Capital and joined by Marker LLC, Innovation Endeavors, Nauta Capital, Gemini Israel Ventures and Lightspeed Venture Partners.

Lumus, which develops technology for augmented reality, said it secured $15 million from a group led by China’s Shanda that included Zhejiang Crystal-Optech. Lumus said it would use the funds to scale up production and business development.

Nexar, whose app uses smartphone technology to monitor traffic and avoid accidents, said it raised $10.5 million from Mosaic Ventures and True Ventures, with existing investors Aleph and Slow Ventures.

Yotpo said Tuesday it raised $22 million for its user-reviews technology. The round was led by Bessemer Venture Partners and joined by existing investors Innovation Endeavors, Marker LLC, Vintage Investment Partners, Blumberg Capital and Access Industries. Yotpo has raised $50 million since it was founded, in 2011.

Elastifile said it raised $15 million from Cisco Systems, bringing investment in the storage-technology startup this year to $50 million. Elastifile planned to use the capital to aggressively market its technology, which enables users to expand the number of applications they can deploy on flash.

Meta completed the week’s biggest funding round. On Monday the augmented-reality hardware and software firm said it raised $50 million from Horizons Ventures, Banyan Capital, Comcast Ventures, GQY and Tencent. The Silicon Valley startup was founded by Israeli Meron Gribetz.

In April the company announced plans for a research and development center in Israel. Meta said it would use the new funds to expand operations. The company has raised $75 million to date.

Sixgill, DeepSense and Armeron each announced funding rounds of up to $9 million.



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