Top 10 Most Funded Startups in Israel - H1 2024

In the first half of 2024, Israel’s top 10 startups raised a combined US $892 million, reflecting the country’s continued dominance in innovation across sectors like blockchain, AI, healthtech, and cybersecurity. With four megarounds exceeding US $100 million, Israel remains a magnet for global investors seeking disruptive technologies.

The four standout megarounds include:

1. Data Ownership Protocol’s US $162 million Initial Coin Offering (ICO) is the largest of its kind since 2018, showcasing the demand for its Web3 solution that gives users unprecedented control over personal data via selective transparency on blockchain platforms.
2. InSightec's US $150M private equity round led by Ally Bridge Group, Fidelity, and Nexus NeuroTech, will enable InSightec to expand its groundbreaking focused ultrasound technology, which provides non-invasive neurosurgical treatments for conditions like Parkinson's Disease.
3. Hailo's US $120M Series C funding will accelerate the deployment of its AI processors for edge devices, which offer superior performance in power-constrained environments. With over 300 customers globally, Hailo’s technology is poised to lead in the autonomous systems market.
4. Silverfort's network-based multi-factor authentication (MFA) platform, which works across legacy and modern cloud systems, has attracted US $116 million in Series D funding led by Brighton Park Capital. This funding will help Silverfort expand globally and continue innovating in enterprise authentication.

The remaining six startups are:

1. Fetcherr raised US $90 million in a Series B led by Battery Ventures.
2. Exodigo secured US $75 million Series A, led by Greenfield Partners and Zeev Ventures.
3. Aqua Security raised US $60 million in a Series E round, led by Evolution Equity Partners.
4. Xyte secured US $40 million in debt financing and Series A equity from BlackRock and Intel Capital. 
5. XTEND raised US $40 million in a Series B led by Chartered Group.
6. Bluewhite raised US $39 million in a Series C round led by Insight Partners.