Invest to Israel Report, September 2023
Summary
A total of 53 investment and acquisition projects occurred in September, with a total disclosed investment of approximately US$2.78 billion; of which, there are 49 investment projects with a disclosed total amount approximately US$2.54 billion.
Acquired Israeli companies include: mobile game development studio Innplay Labs, retail software services company Retailsoft Retailsoft, cloud native application protection platform Ermetic, and SaaS security solution provider Atmosec.
Until September, the Israeli deals that China has involved in 2023 include: One Zero, Hexa, TinyTap, Optima Design Automation, NoTraffic, 40Seas and MitrAssist.
In September 2023, Israel has a total of 49 investment projects.
Popular industries are concentrated in software, scientific engineering, information technology, data analysis, medical health, artificial intelligence, privacy and security, financial services, and energy.
Cross-border investments mainly come from the United States (22), United Kingdom (6), Canada (4), Germany (2), France (2), China (1), Singapore (1), South Africa (1), and Vietnam (1).
20 Israeli investment projects received investment of local origin.
It should be noted that some of the investment projects originated from multiple investors from different countries.
This article is based on publicly available market data at the time of publication.
List of Investment deals in September
| Company Name | Company Introduction |
| Liquid 360 | Augmented reality security software, with fully oriented, 3D real-life view, geographical visual display and other functions |
| BioProtect | Medical device company engaged in developing biodegradable balloon spacers for radiation therapy |
| Fhenix | The first private blockchain that uses completely homomorphic encryption |
| MitrAssist | Minimally invasive approach to MR(Mitral Regurgitation) treatment |
| Brand.ai | Brand Marketing Artificial Intelligence System |
| CoinScan | The product from CryptoHub, a blockchain economy launchpad focused on crypto trading and investment |
| Oramed Pharmaceuticals | A unique proprietary platform technology that allows for the oral delivery of drugs presently administered only via injection |
| Salvador Technologies | Security company, provides tech solutions for operational ocntinuity and cyber-attack recovery for ICS & OT |
| InnoCan Pharma | Pharmaceutical technology company, focusing on new medical cannabinoid treatments |
| qbiq | Artificial intelligence service platform for real estate construction plans and optimized layout planning |
| MAOLAC | Nutritional product manufacturer (functional milk protein nutrition) |
| Treetoscope | Direct Plant Sensing Technology SaaS Irrigation Management Platform |
| HPNow | Agricultural technology company, hydrogen peroxide on-site preparation equipment |
| Eloxx | Clinical stage biopharmaceutical company |
| Darrow | Artificial intelligence driven judicial intelligence and legal data security platform |
| HiBob | Human resources management platform |
| Cato Networks | SASE Vendor, delivering secure enterprise network connectivity to locations, people and data |
| Briya | Data exchange solutions |
| CardiaCare | Medical device for neuromodulation treatment of AFib patients |
| Scinai Immunotherapeutics | Biopharmaceutical Company, Autoimmunity and Infectious Diseases |
| BioBetter | Food Technology Company, Cultivation of Complex Growth Factors for Meat |
| UBQ Materials | Materials Recycling technology company turning waste into sustainable thermoplastic solutions |
| Port | Developer Platform |
| Diptera | Control mosquitoes with mosquitoes (SIT high-efficiency and environmentally friendly mosquito sterility technology) |
| OKO | A new generation of crop insurance company leveraging new technologies in satellite imaging and weather forecasting |
| Prisma Photonics | Large infrastructure monitoring service provider, fiber optic sensing detection |
| SQream Technologies | Data Analytics Company |
| zenity | A security platform for low-code/no-code applications |
| Scala Biodesign | One-time computational protein design solution |
| SonicEdge | Speaker chip company |
| Pagaya | Fintech company, AI-driven credit analysis |
| Orgenesis | Biopharmaceutical company, new treatments for diabetes |
| VeinWay | Medical device company developing catheter to clear chronic venous occlusions |
| Agrematch | An artificial intelligence company providing sustainable products to the agriculture and food industry |
| Ibex Medical Analytics | Medical technology company, artificial intelligence-based pathological cancer diagnosis |
| Shlomo Holdings | Shlomo Holdings provides vehicle rental, leasing and car services |
| ViAqua Therapeutics | Oral treatments for aquaculture to halt disease progression and prevent viral epidemics |
| ThetaRay | Transaction monitoring platform, money laundering identification |
| Pynt | Automated API security testing tool |
| Yeap Proteins | Food tech company, a yeast-based protein source made from industrial side streams |
| Mekorot | National water company |
| Mindful | API that enables commerce platforms to leverage generative AI to transform user-generated content into shoppable experiences |
| Cydome | Network solutions to protect the maritime IoT ecosystem |
| Elbit Systems | Defense electronics and optoelectronic systems |
| NakAI Robotics | Ship Guidance and Inspection System |
list of M&A deals in September
1. Innplay Labs Mobile Game Development
On September 15, 2023, mobile gaming and interactive entertainment company Playtika Holding Corp. (Nasdaq: PLTK) announced that it has reached a final acquisition agreement with Israeli mobile gaming studio Innplay Labs. As part of the deal, Playtika will pay $80 million upfront and up to $300 million.
Innplay Labs was founded in 2019 with a dynamic team aiming to shape the next generation of mobile gaming.
Playtika believes the acquisition of Innplay Labs will expand its presence in the Luck Battle game genre and plans to drive continued, long-term growth for Innplay games by leveraging its LiveOps capabilities and proprietary technology.
LiveOps (Live Operations) refers to the real-time operations and management activities that developers continue to perform, aiming to enhance user experience, extend product life cycle, and maximize revenue.
2. Retailsoft retail software services company
On September 12, 2023, Priority Software, a global provider of business management tools, announced its strategic acquisition of Retailsoft for an undisclosed amount.
Retailsoft provides a dynamic platform with operational modules customized to the unique needs of each business. These modules include communication tools, job scheduling, goal setting, and real-time access to POS data across all locations. The platform ensures uninterrupted online communication between employees in different locations and introduces automation tools for document distribution and decision support.
Priority Software has made six acquisitions in the past two and a half years, and this one is designed to enhance its retail management products and services and bring greater value to retailers. The acquisition will enable Priority to market unique end-to-end solutions integrating ERP systems, retail management systems (RMS), point of sale (POS), employee management and RetailSoft's technology.
POS data refers to point of sale (Point OfSale) data. Point of sale usually refers to those places where sales transactions occur, such as stores, supermarkets, restaurants, etc. POS data includes all information related to a sales transaction recorded in a point-of-sale system.
3. Ermetic Cloud native application protection platform
On September 8, 2023, Tenable, a leader in exposure management, announced plans to acquire Ermetic, a cloud native application protection platform (CNAPP) provider. The acquisition amount is approximately US$240 million in cash and US$25 million in restricted stock and restricted stock units. The transaction is expected to close early in the fourth quarter of this year.
Founded in 2019, Ermetic offers a range of cloud security solutions, including Runtime Cloud Workload Protection Platform (CWPP), Cloud Security Posture Management (CSPM), Cloud Infrastructure Entitlement Management (CIEM), Automated Kubernetes Security and Compliance (KSPM) and Infrastructure as Code (IaC) scanning. Ermetic is developing these capabilities into a CNAPP platform.
Tenable plans to integrate Ermetic's cloud security capabilities into its One Exposure Management Platform, which will enhance risk visibility, prioritization and remediation for on-premises and cloud infrastructure.
4. Atmosec SaaS security solution
On September 6, 2023, Check Point Software Technologies, a global leader in cybersecurity solutions, announced the acquisition of Atmosec. The acquisition amount has not been disclosed.
Atmosec was founded in 2021 and is dedicated to solving security issues in SaaS applications, including third-party SaaS communication risk protection and correcting SaaS configuration errors.
Check Point is known for its cybersecurity solutions that protect businesses and public institutions from cyber threats. The acquisition will enhance its SaaS security, enabling continuous SaaS posture management and application security stack. By integrating Atmosec's innovative technology, Check Point aims to deliver the industry's most secure SASE solution, ensuring a robust and adaptive zero-trust network environment.
