Cybersecurity startup Cyera secures $100 million Series B at $500 million valuation

Cybersecurity startup Cyera secures $100 million Series B at $500 million valuation. The Israeli company’s data security platform learns an enterprise’s unique data and business purpose, and uses large language models to automatically discover, classify, and secure sensitive data.

How did the CEO of Insight Partners-backed startup Joonko raise $38 million with false figures??Ilit Raz is being accused by the board of having “engaged in egregious, unethical and fraudulent conduct” after an investigation found that she allegedly misled investors regarding the company’s actual number of paying customers.

Israeli startup funding increased more than fivefold over the past decade, totaling $95 billion.?The Israel Innovation Authority’s “The State of High Tech” annual report revealed that in 2022 the high-tech sector accounted for 18.1% of Israel's GDP.

NoTraffic nabs $50 million Series B for autonomous traffic management platform.?The Israeli startup aims to digitize the backbone of transportation by reconfiguring signalized city intersections into one fully automated, cloud-connected hub.

Hospitality company Selina sacks 350 employees as it continues to bleed cash.?The Israeli-founded company went public in October through a SPAC merger at a valuation of $1.2 billion, but currently has a market cap of around just $120 million.

Anzu completes $48 million Series B for in-game advertising solution.?The Israeli startup’s intrinsic in-game ad solution for mobile, PC, console, and the metaverse, aims to help advertisers reach audiences programmatically in a non-disruptive and engaging way.