Reported 12 months ago
Israeli tech startups raised a total of $2.9 billion in the second quarter of 2024, the highest amount in two years. The funding included a significant $965 million round by cyber security firm Wiz, with the remaining $1.94 billion coming from other startups. The report also noted an increase in first-time investors and new foreign investors in the Israeli tech sector during this period. Despite a slowdown in fundraising in 2022 due to global economic conditions and government reforms, the sector's fundraising activity has remained strong and stable since the conflict with Hamas in October 2023.
Source: YAHOO