Bernard Arnault backs Israel’s Wiz; Komodor, Diptera.ai, ViAqua get funding

 Bernard Arnault backs Israel’s Wiz; Komodor, Diptera.ai, ViAqua get funding

A file photo of LVMH’s Bernard Arnault. Photo credit: Ecole Polytechnique/Wikimedia Commons

Bernard Arnault, who heads luxury fashion brand Moet Hennessy Louis Vuitton (LVMH) and is the world’s wealthiest man, has invested in Israeli cybersecurity firm Wiz.

Arnault invested in Wiz alongside Howard Schultz, former CEO and chairman of Starbucks.

Arnault’s made the investment via his venture firm Aglaé Ventures, which participated in a $120 million Series B funding round that Wiz closed last week.

The Series B round was led by Salesforce Ventures and Blackstone. With this funding, Wiz has raised a total of $350 million till date.

In March, Wiz had announced a $130 million funding round. The company is currently valued at $1.7 billion. Its list of investors also includes Greenoaks Capital, Advent International, Sequoia Capital, and Insight Partners.

Wiz was founded by Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik.

Arnault had recently whizzed past Amazon’s Jeff Bezos and Tesla’s Elon Musk to become the world’s richest man with a personal net worth in excess of $192 billion.

Komodor

Israeli troubleshooting platform Komodor, which caters to open-source system Kubernetes, has raised $21 million in Series A funding as it comes out of stealth mode.

The funding round was led by VC firm Accel. It also included follow-up angel investments from Jason Warner, chief technology officer at GitHub; Sri Viswanath, CTO at Atlassian; Danny Grander, co-founder at Snyk; Tomer Levy, CEO at Logz.io; and Amir Jerbi, co-founder of Aqua Security.

With this, the startup has raised $25 million since it was founded in 2020 by chief executive officer and former Google executive Ben Ofiri and chief technology officer and former eBay hand Itiel Shwartz.

The startup had previously raised $4 million in a seed round from NFX Capital, Pitango First, and OldSlip Group.

The company, which presently employs 17 people, plans to use the money to hire 50 more people at its Tel Aviv office by the end of the next year.

Diptera.ai

Israeli pest control company Diptera.ai has raised $3 million in a seed funding round led by Trust Ventures.

Several existing and new investors including IndieBio and Fresh.fund also joined in the funding round.

Diptera.ai, which aims to eradicate mosquitoes and has developed a subscription-based pest control method, will use the money to fight ‘mosquitoes with mosquitoes’.

The startup, which employs 10 people, sprung out of the IndieBio accelerator in October 2020, and was founded by Vic Levitin with Ariel Livne and Elly Ordan.

ViAqua Therapeutics

Israeli biotech company ViAqua Therapeutics has completed a $4.3 million funding round from a bunch of new and existing investors.

The new investors on board include S2G Ventures, Thai Union and Agriline. The existing ones that backed this round were Nutreco, Visvires New Protein, The Trendlines Group and the Technion-Israel Institute of Technology. The startup also has a grant from the Israel Innovation Authority.

The money will help the startup commercialize and grow its RNA-based feeding method that seeks to improve animal health in aquaculture. The money will specifically be used to launch its first product that will aim to protect shrimps against deadly viruses.

Glassbox

Isreali tech startup Glassbox has raised $100 million via an initial public offering on the Tel Aviv Stock Exchange (TASE) and has listed at a valuation of $500 million.

Glassbox, which has an analytics platform for web and mobile apps, helps companies track activities of the users on their apps. This helps them improve their product as they can spot trends of activities on the apps.

The company currently employs 230 people, of whom 100 are based in Israel. It plans to double the headcount, and the new money will be used to hire more people.

The company last raised money in April 2020 when a bunch of investors pumped $40 million into it. It has so far snagged cheques with more than $72 million. The last round was funded by Brighton Park Capital Management, with participation from Updata Partners, Ibex Investors, CEIIF, and Geffen Capital.

The New York, London and Israel-based company was founded by Yoav Schreiber, Yaron Gueta, and Hanan Blumstein.

The Capital Quest