A naukri.com initiative
VC Cafe
1M
181
Image Credit: VC Cafe
Weekly #FIRGUN Newsletter – September 27 2024
- The #Firgun Newsletter features Israeli startups that are making their mark despite the challenges of low venture capital funding and war in the region.
- Israeli startups have raised $9bn in the first nine months of 2024 with Salesforce spending $2.6bn on three Israeli acquisitions in the past 30 days alone.
- OpenAI, despite losing its co-founder and CTO Mira Murati, has raised $6.5bn at a valuation of $150bn with its advanced voice mode making waves.
- Meta made several major announcements in their annual Meta Connect event including a new LLama model (3.2), Meta AI available across all their apps for free, and Meta Orion, smart AR glasses with holographic display.
- Startup funding rounds this week include $70m for AI-driven cybersecurity enterprise Torq, $51.6m for rental property management platform DoorLoop, $19m for GeoX Innovations to analyse climate change impact on real estate, $12m for AI cloud security start-up Tamnoon, $10m for Enzymit for cell-free bio-production technology, and $4.5m for Bluebricks to orchestrate infrastructure code.
- Exit strategy news includes Cisco acquiring Robust Intelligence for a $400m exit for its firewall for artificial intelligence and Salesforce paying $450m for an acquisition of Zoomin to transform customer service using AI.
- The newsletter also touched on the sadness of hostage-taking and the families of murdered hostages pleading for help to their governments and power brokers.
- VC Cafe, quoting the Jewish News, reports on Izhar Shay's project, Next October, already selecting the first 600 startups.
- LinkedIn has announced it will be adding Israel and a couple of other countries to its most in-demand start-up hubs ranking, having failed to include it this year.
- The newsletter also reports on a sad Rosh Hashanah card fitting for the times, and possible replacements for the smartphone by Meta's Orion AR glasses.
Read Full Article
10 Likes
For uninterrupted reading, download the app