July 17, 2017
Since the beginning of July, fifteen Israeli startups have raised an aggregate $215 million, which is in line with the current monthly rate of over $300 million. In monitoring capital raised by startups, “Globes” looks only at Israeli companies, that is, companies with a fairly clear connection to Israel expressed in the identity of the founders, the number of people employed in Israel, and so on.
Venture capital funding for Israeli startups in the first quarter of this year, as monitored by “Globes”, totaled $960 million, which is in line with the quarterly rate in recent years.
The fund-raising round announced most recently was that of Spotinst, which raised $15 million in an A round led by Intel Capital and Vertex Ventures. Spotinst’s claims that its platform enables its customers to save 50-80% of the cost of cloud computing. The platform is based on an algorithm that provides long-term use of the company’s servers with 100% availability.