Benny Landa’s lab diamond startup Lusix sees valuation crash, raises urgent funding

Benny Landa’s lab diamond startup Lusix sees valuation crash, raises urgent funding. The Israeli company has been significantly hit by high interest rates and increased industry competition, resulting in an emergency funding round at a valuation of just $50 million.

Hub Security entered Nasdaq at $1.3B valuation despite not having a mature product or significant sales, admits outgoing CEO. "There was no product and there were no sales. The product was not ready at all," said outgoing CEO Uzi Moscovich, who still serves as a director on Hub’s board. The cyber company has lost over 98% of its value since entering the Nasdaq 10 months ago, falling to a market cap of under $20 million.

Cyber startup Vicarius raises $30 million Series B for vulnerability remediation platform. Since the company’s last round of funding in 2022, Vicarius has grown its customer base to over 400 customers, adding global organizations like PepsiCo, Hewlett Packard Enterprise (HPE), Bupa, and Equinix.

Cultivated meat startup Aleph Farms gets historic approval to sell lab-grown steaks in Israel. The Israeli startup, which has raised $140 million to date, collects sample cells from a living animal and then grows more in a cultivator that mimics conditions in the animal's body.

Cardumen Capital raises $120 million for early-stage deep tech fund. The Israeli-European VC will invest in pre-Seed and Seed stage companies in fields such as AI, cybersecurity, big data, and information technologies.