Tech Buzz: Israeli companies raise another $250m.
Israeli companies continue to rack up new investments at a record pace, having raised more than $15 billion thus far in 2021 and on pace to break $20b. for the year.
Zev Stub | 08.26.21 | THE JERUSALEM POST
Start-Up Nation companies continue to rack up new investments at a record pace.
Israeli companies have raised more than $15 billion thus far in 2021, and are on pace to break $20b. for the year. Last year, Israeli companies raised $10.5b., which was a record amount then.
UPSTREAM SECURITY said it completed a $62 million Series C round led by Mitsui Sumitomo Insurance. That figure includes the $36m. that Upstream said it had raised in May, and brings its total funding raised to $105m. The company’s cloud-based cybersecurity and data analytics platform uses data stored in connected vehicles to provide actionable insights, and already protect millions of vehicles against cyber threats.