Israel’s OX Security, Kahun snag seed money; TripActions plans IPO
OX Security, an Israeli end-to-end software supply chain security platform developer, has completed a $34 million seed funding round.
The large seed funding round was led by Evolution Equity Partners, Team8, and M12, Microsoft’s venture fund, with participation from Rain Capital.
The Israeli startup was founded in 2021 by former Check Point executives Neatsun Ziv and Lior Arzi. It claims as many as 30 companies including Kaltura and Marqeta are using its platform.
OX Security says its platform covers every step of the development pipeline, from the earliest planning stages until deployment to production. It gives security and DevOps teams complete visibility and control over the attack surface, including source code, pipeline, artefacts, container images, runtime assets, and applications, the company said.
Kahun
Israeli medtech company Kahun, which offers an evidence-based clinical reasoning tool for physicians, has secured $8 million in a seed funding round.
The European Innovation Council (EIC) Fund, as part of the EIC Accelerator program, and The Founders Kitchen (TFK) fund by Waze Co-founder Uri Levine led the funding round. Levine had also led the company’s pre-seed round.
Kahun has so far raised $13 million since it was founded in 2018 by chief executive officer Eitan Ron, chief marketing officer Michal Tzuchman Katz and chief technology officer Tal Goldberg.
TripActions
Israeli-origin travel-tech firm TripActions has reportedly filed documents with the US Securities and Exchange Commission for an initial public offering that could value it at $12 billion.
The development comes a year after it raised $275 million at a valuation of $7.25 billion. That round was led by Greenoaks Capital with the participation of investor Elad Gil, Base Partners, and the principal investors who took part in previous rounds.
The company had earlier been backed by Andreessen Horowitz, Lightspeed, Zeev Ventures, and Dovi Frances’ Group 11. It has so far raised $1.3 billion.
The multi-billion-dollar company was founded in 2015 by chief executive officer Ariel Cohen and Ilan Twig, both serial entrepreneurs hailing from the tiny west Asian country but based out of the Silicon Valley. TripActions had set up a Tel Aviv-based research and development centre in 2021.
