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News on Medial
Israel cybersecurity exit deals jump, funding falters in 2023
Reuters
·
1y ago
Medial
Israeli cybersecurity exit deals reached $7.1 billion in 2023, a 65% increase from the previous year, making up more than half of the total tech sector exit deals. The importance of cybersecurity to Israel's high-tech industry was highlighted in a report by Cybertech Global and Israel Venture Capital (IVC). The high-tech sector is a key driver of Israel's economy, accounting for the majority of exports and a significant portion of employment and tax revenue. With Israel's strong expertise in cybersecurity, the country has become a global leader in the field. The report also noted that geopolitical tensions increase interest and investment in cyber companies.
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Related News
US investors see value in Israeli tech firms despite war
Economic Times
·
1y ago
Medial
Tech investors from the US are still finding value in Israeli tech firms despite the ongoing conflict with Palestine. Despite a drop in funding deals amid a global slowdown and a divisive government overhaul, tech funding deals are still being done, albeit at a slower pace. Investors believe that the Israeli tech ecosystem will ultimately bounce back and are long-term bullish on Israel. The delegation of tech executives and investors aims to show solidarity with Israel and support its tech sector, which is the second largest in the world after Silicon Valley.
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Israeli startups raised $1.5 billion in Q4, $7 billion in 2023
Economic Times
·
1y ago
Medial
Israeli high-tech firms raised $1.5 billion in Q4 2023, despite the country's war with Hamas. The Israel Venture Capital (IVC) Research Center reported a 15% decline in fundraising compared to Q3, but highlighted 75 deals during the period. Early-stage funding reached $220 million in 31 rounds. The presence of foreign investors in Q4 indicates the availability of funds for investments. Overall, Israeli startups raised about $7 billion in 2023. The high-tech industry accounts for 12% of employment, over half of exports, and a significant portion of the country's economy.
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India’s venture capital market rebounds in 2024, funding surges to $13.7B
YourStory
·
5m ago
Medial
India's venture capital market bounced back significantly in 2024, reaching $13.7 billion in funding, a 1.4x increase from 2023. The resurgence was driven by strong economic fundamentals, regulatory reforms, and increased market activity. The number of deals rose by 45%, with tech sectors like consumer technology, SaaS, and fintech leading the way. Traditional industries also saw investment growth. Despite decreased overall VC fundraising, exit activity reached $6.8 billion, mainly through public market exits.
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Funding and acquisitions in Indian startups this week [01-06 Jan]
Entrackr
·
1y ago
Medial
During the first week of 2024, 17 startups in India raised a total of $88.7 million in funding, including four growth-stage and 11 early-stage deals. The top funding deals were secured by Country Delight, Captain Fresh, OneCard, and Wiz Freight. In terms of city-wise funding, Delhi-NCR led the list with five deals. Additionally, SentinelOne, an AI-powered cybersecurity firm, announced its acquisition of PingSafe. The week also saw five departures from Indian startups, including executives from KnowledgeHut, Fashinza, and BYJU'S.
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How did emerging Indian startup hubs perform on the funding ladder in 2023?
Inc42
·
1y ago
Medial
According to Inc42's Indian Startup Funding Report 2023, Pune emerged as the fastest-growing startup hub in India, securing $4.7 Bn in funding across 355 deals between 2014 and 2023. However, Jaipur experienced a decline in funding activity, only recording eight deals in 2023, reflecting a 56% decline from the previous year. Surprisingly, Surat made it to the top 10 startup hubs, securing $6.9 Mn in funding, marking the highest amount to date. Overall, emerging startup hubs in India witnessed a 40% decline in funding compared to the previous year.
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In rare big bet, Indian VC backs local cybersecurity firm's $70 mn fundraise
Livemint
·
8d ago
Medial
Safe Security, a cybersecurity firm based in Palo Alto, USA, raised $70 million in a Series C funding round led by Avataar Venture Partners, a venture capital firm focusing on B2B SaaS investments. This funding, which represents one of the largest deals led by an Indian VC in the cybersecurity domain, boosts Safe Security’s total funding to $170 million. The company plans to use the funds primarily for product development and aims for a public listing in 3-4 years.
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Deals Digest: Weekly volume drops but total value jumps on large PE transaction
VCCircle
·
1y ago
Medial
The total value of private equity and venture capital deals saw a significant increase this week, surpassing $400 million. This jump in value was largely due to a major transaction in the healthcare sector and a few medium-sized deals. However, despite the increase in value, the number of deals showed a decline compared to the previous week.
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Startup M&As hit 8-year low as cash crunch, funding winter continues to rattle Indian startup ecosystem
Inc42
·
1y ago
Medial
The Indian startup ecosystem may experience another year of slow deal activity in 2024, following the abysmal funding performance of 2023. The number of mergers and acquisitions (M&As) almost halved to 123 in 2023 from 240 deals in 2022. Distress sales were a common occurrence, with many startups opting for consolidation deals as a survival tactic. Enterprise tech led the consolidation charge with 33 deals, followed by ecommerce and fintech. The falling interest rates and startup valuations, along with global uncertainties, may sustain a certain degree of deal activity despite the funding challenges.
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Cybersecurity automation firm Torq lands $42M in expanded Series B
TechCrunch
·
1y ago
Medial
Torq, a cybersecurity startup specializing in hyperautomation, has raised an additional $42 million in an extension to its series B funding round. This brings their total funding to $120 million, which will be used to enhance their platform with AI capabilities, expand internationally, and increase their sales channel. Torq offers a solution that allows IT teams to create and deploy security workflows that integrate with existing cybersecurity infrastructure, leveraging generative AI to analyze and answer questions about security incidents. Despite a slowdown in cybersecurity funding, Torq has experienced rapid growth with 500% client base growth and 300% revenue growth in 2023.
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Generative AI startups defy funding winter, raise record $10 billion in 2023
Economic Times
·
1y ago
Medial
According to a report by GlobalData, GenAI startups raised a record $10 billion in venture capital funding in 2023, showing a 110% increase compared to 2021. While overall startup funding decreased by 65% in 2023, GenAI startups defied the trend due to their breakthrough technology and widespread applicability. The US accounted for 75% of the funding, followed by Israel, Germany, France, the UK, and China. With the potential to transform industries, GenAI startups are expected to continue attracting investment in the coming years.
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![Funding and acquisitions in Indian startups this week [01-06 Jan]](https://entrackr.com/storage/2024/01/image-6-jan.jpg)
