Message From The Team
Israel's high-tech sector just experienced its best funding quarter in two years. Over $2.9 billion was invested in 110 Israeli startups in Q2 2024. Founded in March 2020, cyber security company Wiz stood out with a $1 billion funding round at a valuation topping $12 billion led by A16Z, Lightspeed, Thrive Capital, Greylock, Index, Salesforce and Sequoia. Across the board, we are seeing a surge in interest from top international funds that recognize the Israel opportunity. Indeed, beneath the headlines there are many indicators that this period will be an exceptional vintage for Israeli venture investments. Read more
Why The Next 50 Years 'Will Be Remarkable For Israel'
Sector Spotlight
AI has revived growth in the $392 billion strategic consulting market in the US with companies like Boston Consulting Group and McKinsey seeing a surge in demand. BCG now earns a fifth of its revenue from AI projects; a dramatic rise from zero two years ago. IBM has secured over $1 billion in AI-related sales commitments, and McKinsey expects 40% of its business this year to be AI-focused. This boom underscores the critical importance of AI in the race for corporate America to stay competitive in a rapidly changing world. Read more
Portfolio News
Astrix named one of CRN's Top-10 Hottest Cloud Security Startups of 2024. Read more
Darrow wins 2024 AI Breakthrough Award for Best AI-Based Solution for Legal. Read more
Justt launches North American headquarters in New York to meet increasing US demand for chargeback mitigation. Read more
F2 closes new pre-seed investment in AI powered proposal management platform for SMBs to bid on government tenders.
F2 closes new seed investment in cyber platform revolutionizing how Security Operation (SecOps) teams handle the critical post-breach phase in cloud workloads.
