Startup Israel Community

It's been a while since we've seen these numbers or heard of new Unicorns...

AI21 Labs riding GenAI wave with $155 million Series C at $1.4 billion valuation | CTech The Israeli startup, founded by Prof. Amnon Shashua, Prof. Yoav Shoham, and Ori Goshen, earned unicorn status thanks to its text-based generative AI services for enterprises. Investors include Google, Nvidia, and co-founder Shashua

December has ended, and so did 2022, one of the worst years for the Israeli and global tech sector (at least when compared to 2021) - and according to this month's numbers, it seems like this negative trend isn't going to change in 2023.
December ended with only 22 (known), totaling more than $550 million, including Snyk's remarkable $196.5 million G Round, that account for more than a third of this month's total funds.

Well, let's hope for a better year!

The end of the year is almost here, but it's a bit early for yearly summaries, so let's focus on the month that just ended - November. As you can see, with nearly $800m, we're far away from the record-breaking (and some might say "bubble") numbers of 2021, but it's still encouraging to see that the Israeli ecosystem is still alive and kicking. Companies like Weka and Apiiro are getting significant investment rounds, alongside many new startups raising seed and A rounds.

But hey, we broke a new record for "Most companies with Robotics in their name in a single month"!

Only less than $700 million in July 2022 [Infographic] – GKI Group Startup Israel Community, July 2022: Only 30 deals. No mega rounds above $100 million. No new Unicorns. Only one Cybersecurity startup. Seems like someone hit the Reset button.