$3.7b in Israel tech acquisition deals since start of war
Israel's tech sector remains strong since the start of the war, according to new data from Startup Nation Central. In the nearly six months since the war began on October 7, Israeli startups have raised $3.1 billion in 220 private financing rounds. The biggest financing round completed since the start of the war was by fintech company Next Insurance, which received investments of over $250 million from each of two foreign investment funds.
The data also show that the overall amount of mergers and acquisitions in Israel's tech sector since the start of the war totaled $3.7 billion. Among the companies acquired for large amounts were Talon Security, acquired by Palo Alto Networks for $625 million, Dig Security, also acquired by Palo Alto for $350 million, Avalor acquired by Zscaler for $350 million and Gem Security acquired by Israeli company Wiz for $350 million.
Two other cybersecurity companies - Flow Security and Spera Security, were acquired for $200 million and $130 million, respectively. In the healthcare sector, there were also major acquisitions with CartiHeal, which manufactures coral implants to support damaged human cartilage, acquired for $330 million.
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