Israel’s Hunters nets Series C; Addionics, three others get early-stage funding

 Israel’s Hunters nets Series C; Addionics, three others get early-stage funding

Addionics’ 3D Smart Electrodes

Israeli cybersecurity firm Hunters has raised $68 million in a Series C funding round led by Stripes.

Stripes was joined by other new investors including DTCP, Cisco Investments and Databricks. Existing investors YL Ventures, Bessemer Venture Partners, Microsoft’s venture fund M12, US Venture Partners, Blumberg Capital and Snowflake Ventures pitched in, too.

With the latest funding, the cybersecurity firm has snagged $118 million. Hunters, which says its platform allows security teams to automatically identify and respond to incidents that matter across the entire attack surface, claims to have quadrupled its annual recurring revenue in 2021.

Addionics

Israel- and London-based battery technology company Addionics has raised $27 million in a Series A funding round led by deep-tech investment firm Deep Insight, which was founded by Insight Partners’ Jeff Horing.

Other new backers included Catalyst Fund, Delek Motors, Novelis, Magna International, JX Nippon Mining & Metals, Union Tech Ventures, 8090 Partners, GiTV, Talcar Corporation, impact investment fund Bridges Israel, and Doral Energy Tech Ventures.

Existing investors that put in more money include NextGear Ventures and Vasuki Global Tech Fund.

Addionics works on redesigning battery architecture. It was founded by Moshiel Biton (CEO), Vladimir Yufit (CTO), and Farid Tariq (CSO).

Ridge

Israeli-origin cloud services provider Ridge has raised $12 million in a Series A funding round led by Gigi Levy-Weiss’ NFX and the Chartered Group. The list of backers also includes Mayfield, Slow Ventures, and Viola.

The fundraise was done in August, but reported only this week. This is the second funding round for the company since 2019, when it had raised $10 million.

The company was founded in 2018 by co-CEO Mati Lerner, co-CEO and CTO Nir Sheffi, and chairman Jonathan Seelig, who previously co-founded Akamai.

Spring Games

Israeli gaming startup Spring Games has raised $7 million in a seed round financed by gaming major Playtika.

Spring Games said it will use the money to develop NFT-powered play-to-earn games on blockchain infrastructure.

The gaming startup was founded in 2020 by serial entrepreneur and chief executive officer Idan Amir, chief technology officer Lital Natan, chief product officer Dror Hollinger and chief financial officer Dana Amir.

Idan, who had earlier help found several startups including cyber company Versafe, said Spring Games will issue its own ‘currency’ in 2022, which will enable players to buy NFT-based characters from a marketplace.

ChickP

Israeli food-tech startup ChickP has closed a $8 million Series A funding round led by Genisys Capital Pvt. Ltd and backed by food-tech firm Growthwell Foods with its lead investor Temasek Holdings.

With this investment, the startup, which was founded in 2016 by Ram Reiden, has raised $10 million.

ChickP, which has developed a concentrated non-GMO chickpea protein isolate, also announced the appointment of Liat Lachish Levy as chief executive officer.

Aman Malik

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