Israel’s 4M Analytics, Tulu, Pente Networks get Series A; Pfizer backs CytoReason

Israeli tech startup 4M Analytics has raised an additional $30 million in Series A funding, bringing the total money raised in the round to $45 million.

The latest round was led by Insight Partners and ITI Venture Capital Partners, with participation from current investors Viola Ventures and F2 Venture Capital.

These investors were joined by Noam Bardin, former CEO of Waze (acquired by Google), and Nir Erez, the CEO and founder of Moovit (acquired by Mobileye-Intel).

4M Analytics develops subsurface infrastructure mapping technology and will use the new money to create a map of the United States’ subsurface infrastructure and grow its team.

CytoReason

Global pharma major Pfizer will make a $20 million equity investment into Israeli AI company CytoReason. It will also have options to license CytoReason’s platform and disease models, and fund supplementary project support.

The deal, which extends the multi-year long relationship between the two, will potentially be worth $110 million over the next few years.

The investment will allow Pfizer to use the company’s artificial intelligence technology for its drug development programme.

CytoReason said the new research agreement and investment will support the development of additional disease models and the creation of high-resolution models, spanning several therapeutic areas.

Pente Networks

Pente Networks, an Israeli developer of IT-friendly private enterprise LTE/5G solutions for service providers and end customers has raised a $10 million Series A funding round led by INcapital Ventures.

Existing investor Magma Ventures and Global Brain pitched in, too.

The new capital follows a seed round and brings Pente’s total investment to date to over $15 million. The company also announced it has established a North American headquarters in Hackensack, New Jersey, U.S.A., and is expanding its headquarters in Israel.

Separately, the company said Avi Cohen has joined it as CEO. He previously co-founded LiveU, where he most recently served as Chief Operating Officer. Jonathan Schwartz has been named CTO while Roy Timor-Rousso has been named Chief Marketing Officer.

TULU

In-building usage economy platform developer TULU has topped up its Series A funding round with $5 million. This comes four months after the startup closed its initial $25 million Series A round.

The latest round was led by Regeneration.VC, a consumer-powered climate innovation fund backed by Leonardo DiCaprio. Others who participated in the round included Proptech VC Trifare, UMTB, and existing investors New Era Capital Partners, Bosch VC arm, Round Hill Ventures, Tal Ventures, AGP Partners, and Good Company.

TULU has built a platform that provides building tenants with on-demand access to hundreds of brand-name appliances, grocery staples, micro-mobility solutions, and entertainment devices. It was founded in 2019.

The startup operates across the United States, United Kingdom, the Netherlands, Germany, Spain, and Israel.

The company says it serves leading landlords including the likes of Greystar Real Estate Partners, Brookfield Asset Management, Invesco, RXR Realty, Silverstein Properties, and CA Ventures.

Nilos

Israeli crypto startup Nilos has raised $5.2 million from venture capital firms Viola Ventures, Fabric Ventures, and Mensch Capital Partners. Individual angels include Payoneer founder Yuval Tal, The Sandbox co-founder Sebastien Borget, SimilarWeb CPO Benjamin Seror, and others.

Nilos is developing a custodial wallet for crypto and fiat accounts and provides a platform for businesses to connect crypto wallets, corporate bank accounts, and payment service providers to centralize all their treasury operations.

Nilos was founded in 2021 by Messika and Raphael Fettaya and currently has a team of 10 based in Israel and France. Its clients include AnotherBlock, Rocket3, Metafight and Rarecubes.