Tech Buzz: October starts off with a bang

• Published date: 07 October 2021
• Author: ZEV STUB
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

Israeli hi-tech companies raised more than $17.5 billion in the first nine months of 2021, far exceeding previous records.

Perion Network, a publicly-traded Holon-based ad-tech company, acquired another Israeli company, video monetization platform Vidazoo, for up to $93.5 million, to accelerate its rapidly growing video advertising business. Vidazoo, founded in 2014 and headquartered in Tel Aviv, allows digital publishers to generate new, incremental revenue through its unique set of video products. The deal consists of $35m. in cash up front, and up to $58.5m. if certain performance targets are achieved.

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Otonomo, a vehicle data platform, acquired AI-powered Mobility Intelligence company Neura for an estimated $50m. Otonomo's newly expanded mobility intelligence platform will leverage Neura's advanced analytics, the companies said. Otonomo also launched new solutions leveraging Neura technologies to provide transportation planners, EV service providers, MaaS providers, fleets and others, with actionable insights for planning and operating sustainable transportation networks. Both companies are based in Herzliya.

US clothing giant Gap acquired Herzliya-based retail analytics company Contex-Based 4 Casting (CB4). CB4 Analytics provides predictive analytics solutions to help provide data for decision-makers. The financial terms of the deal were not disclosed.

Arbe Robotics, which makes next-generation 4D Imaging Radar Solutions, will begin trading on the Nasdaq market on Friday after it completed its SPAC merger with Industrial Tech Acquisitions at a company valuation of $525m. The company will trade under the ticker symbol ARBE.

On the financing front, Orca Security said it raised $550m. in its extended Series C fundraising round led by Temasek, an investment company headquartered in Singapore. The round boosted its valuation 50% in just seven months to $1.8b. The company has seen year-over-year growth of 800%, the company said.

Tel Aviv-based NeuroBlade said it secured $83m. in Series B funding, bringing total invested capital to $110m. The investment was led by Corner Ventures. NeuroBlade has developed a new data analytics architecture that eliminates major data movement bottlenecks by integrating the data processing function inside memory, better known as processing-in-memory (PIM). The financing will be put to work as...