Israel’s NeuReality, BondIT, RepAir, Rezonate, Axiom get VC funding
Israeli-origin artificial intelligence hardware startup NeuReality has raised $35 million in a Series A funding round.
The round was led by Samsung Ventures, Cardumen Capital, Varana Capital, OurCrowd, and XT Hitech.
SK Hynix, Cleveland Avenue, Korean Investment Partners, StoneBridge, and Glory Ventures also pitched in.
With the latest fundraise, NeuReality has raised $48 million. The company, which specializes in AI inferencing platforms, had raised seed funding in 2020.
NeuReality will use the new money to begin deploying its inference solutions in 2023.
The startup was founded by CEO Moshe Tanach, and vice-presidents Tzvika Shmueli and Yossi Kasus.
Tanach was formerly Director of Engineering at Marvell and Intel, and AVP of R&D at DesignArt-Networks, which was acquired by Qualcomm. Shmueli was earlier VP of Backend at Mellanox Technologies and VP of Engineering at Habana Labs. Kasus was Senior Director of Engineering at Mellanox and the head of VLSI at EZChip.
Along with the founders, the company is led by CTO Lior Khermosh, former co-founder and Chief Scientist of ParallelM and a fellow at PMC Sierra.
BondIT
Israeli fintech company BondIT has raised $14 million in a Series C funding round led by Bank of New York Mellon and existing investors, including China’s Fosun Group and Wind, Germany’s Talanx and America’s SixThirty Ventures.
As part of the funding round, Jon Goddard of Bank of New York Mellon will join the company’s board of directors.
With this round the company has raised $32 million to date.
The 70-employee strong BondIT, which develops systems for bond investment managers, was founded in 2015. The Herzliya-based company has offices in the US and Germany.
In 2020 the company bought Scorable, a system that helps predict bond ratings, for around $12-16 million in a share swap deal.
RepAir Carbon Capture
Israel-based RepAir Carbon Capture, which has developed a scalable and energy-efficient carbon dioxide capture solution, has raised $10 million in a Series A round.
The funding round was led by climate-first firm Extantia Capital with Equinor Ventures, Shell Ventures, and Zero Carbon Capital also participating.
RepAir Carbon says its Direct Air Capture technology requires 70% less energy than the industry average because it operates at ambient temperature and is designed to run solely on renewable energy sources.
Rezonate
Rezonate, which has developed a cloud identity protection platform, has raised $8.7 million in a funding round led by State of Mind Ventures and Flybridge, with participation from Merlin Ventures as well as security executives, angels, and strategic investors.
Rezonate was founded earlier this year by CEO Roy Akerman, earlier the head of Israeli Cyber Defense Operations, and CTO Ori Amiga, who had led engineering teams for the Israeli government and had earlier founded an incident response company.
Rezonate’s platform prevents access risk and stops attackers’ actions to breach cloud infrastructure.
Axiom
Axiom, an Israeli startup which has developed an Identity and Access Management platform, has raised $7 million in a seed funding round.
The seed round was led by S Capital along with angel investors including Srinath Kuruvadi, Head of Cloud Security at Netflix; Nadir Izrael and Yevgeny Dibrov, founders of Armis; Slavik Markovich, Rishi Bhargava, Dan Sarel, and Guy Rinat, founders of Demisto; and Ofer Smadari, the co-founder and CEO of Torq.
Axiom was founded last year by Itay Mesika and Ilan Dardik, both veterans of the Israeli military. After completing military services, both founders worked in several industry roles and led teams in fintech and infrastructure companies.
