Summary: In February 2024, according to publicly available market information, Israel's technology sector raised approximately $439 million in funding, transactions focused on early-stage companies in A or seed rounds. In the investment sector, in addition to cybersecurity, artificial intelligence, agritech, and healthcare, IT infrastructure development is also given significant attention. Israeli companies acquired include: Codefresh 、Manpower Language Solutions (MLS)、Inspekto and Wib Security.
Israeli companies which received investment in Feb 2024
| Company Name | Company Introduction |
| Octup | An operational AI-driven e-commerce insights platform |
| IONIX | Attack Surface Management (ASM) Cyber Security Company |
| Sensos | Smart Label Technology Company (Smart Logistics Technology) |
| Bria | Responsible Visual Generative AI Open Platform |
| Eltek | Printed Circuit Board Solutions Manufacturers and Suppliers |
| Vessi Medical | Urology medical device company treating non-muscle invasive bladder cancer (NMIBC) |
| Permit.io | An early stage Israeli startup working on authorization technology |
| FreezeM | Agritech biotech company dedicated to insect farmed protein production |
| KTRUST | Kubernetes security company focused on continuous threat exposure management |
| WeedOut | Agritech company, environmentally friendly solutions for Herbicide-Resistant Weeds |
| Loora | Generative AI Language Learning Education Startup |
| DustPhotonics | A developer of silicon photonics technology for data center and AI applications |
| Faddom | Instant application dependency mapping tool, rapid IT infrastructure structure visualization |
| Exodigo | A revolutionary non-intrusive subsurface imaging platform providing an artificial intelligence solution for underground mapping |
| Slice Global | Global Equity Platform Provider Leveraging Artificial Intelligence for Continuous Compliance |
| BBT.live | SD-WAN/SASE as a Service |
| Econergy | Renewable energy developer and operator |
| Phinergy | An innovative cleantech company |
| Beamr | A company in video optimization technology |
Israeli merger and acquisition deals in Feb 2024
1. Codefresh, A software company
On February 27, 2024, the Israeli software company Codefresh was acquired by the Australian company Octopus Deploy. The acquisition price has not been disclosed, but it is estimated to be between $40 million and $50 million.
Founded in Israel in 2014, Codefresh is one of the maintainers of Argo and holds a leadership position in the areas of continuous delivery (CD), GitOps, and continuous integration (CI) for Kubernetes. The Codefresh platform focuses on providing automated build, test, and deployment solutions for Kubernetes applications, making the software development and deployment process more efficient and reliable.
Octopus Deploy is an Australian provider of an automation platform for continuous deployment, specializing in the industry-standard platform for continuous delivery (CD).
This strategic acquisition positions Octopus Deploy as one of the largest private companies in the DevOps ecosystem, integrating CD, CI, and GitOps into a reliable platform to further drive innovation and efficiency in software delivery. Through this acquisition, Octopus Deploy aims to expand its influence in the US market and enhance its expertise in the field of continuous deployment tools.
Further reading
Kubernetes: An open-source platform designed to automate deploying, scaling, and operating application containers. It groups containers that make up an application into logical units for easy management and discovery.
Continuous Delivery (CD): A software engineering approach in which teams produce software in short cycles, ensuring that the software can be reliably released at any time.
GitOps: A paradigm or a set of practices that empowers developers to perform tasks traditionally done by IT operations. GitOps uses Git as a single source of truth for declarative infrastructure and applications.
Continuous Integration (CI): A development practice where developers integrate code into a shared repository frequently, preferably several times a day. Each integration can then be verified by an automated build and automated tests.
DevOps: A set of practices that combines software development (Dev) and IT operations (Ops) to shorten the system development life cycle and provide continuous delivery with high software quality.
2. Manpower Language Solutions, Israel's leading language and content solutions provider
On February 21, 2024, BLEND, a global localization provider and multi-market enabler, announced the acquisition of Manpower Language Solutions (MLS), Israel's leading localization service provider. The acquisition amount has not been disclosed.
The expert team at MLS offers a wide range of services—from translation and interpretation to localization, content writing, and editing. The company serves thousands of clients across the globe in various sectors, including the technology industry (IT, emerging technologies, artificial intelligence, cybersecurity), financial institutions, government sectors, law enforcement agencies, streaming and media companies, life sciences, and biotechnology.
BLEND is a global localization provider and market services provider, offering services in over 120 languages. As an end-to-end multi-market enabler, BLEND helps global brands establish local influence in distinctly different markets worldwide. With the power of AI-driven technology and a global community of language experts and voice talents, BLEND can deliver complex, ongoing localization on a large scale.
3. Inspekto, Artificial Intelligence Machine Vision Software Company
On February 15, 2024, Siemens Aktiengesellschaft acquired the artificial intelligence machine vision software company Inspekto. The acquisition amount has not been disclosed.
Inspekto is renowned for its innovative artificial intelligence machine vision technology, designed to automate visual inspections on production lines for manufacturers of any size and type. Their autonomous machine vision system is powered by AMV-AI technology, allowing the deployment of plug-and-play QA (Quality Assurance) systems without the need for vision experts or extensive production data, enhancing quality control across various industries such as automotive, electronics, and consumer goods.
This acquisition will significantly enhance Siemens' capabilities in the digital industries business division, specifically in factory automation. Inspekto will operate under Siemens' Digital Industries business division, particularly within the Factory Automation department.
AMV-AI: Inspekto's AMV-AI (Autonomous Machine Vision with Artificial Intelligence) is a novel machine vision approach that mimics the cognitive process of human vision to perform quality inspections. It consists of three artificial intelligence engines working in conjunction with a unique electro-optical system to optimize image acquisition, recognize parts, and identify defects with minimal input. This technology allows for rapid deployment and continuous learning, significantly enhancing automated visual inspection capabilities.
4. Wib Security, Artificial Intelligence Machine Vision Software Company
On February 11, 2024, Wib, a cybersecurity startup developing an API security platform, was acquired by the American cyber giant F5. The acquisition amount has not been disclosed but is estimated to be in the tens of millions of dollars.
Wib, an Israeli startup founded in 2021, specializes in API security. By providing real-time inspection, management, and control at every stage of the API lifecycle, Wib enables automation of inventory and API change management; identification of rogue, zombie, and shadow APIs; and analysis of business risks and impacts.
F5 is an American cybersecurity company offering a wide range of solutions. The aim of this acquisition is to strengthen F5's distributed cloud services by integrating Wib's advanced API security technology, which offers improved visibility, testing, and context for APIs and their associated risks. This marks F5's fifth acquisition in Israel and is considered a significant advancement in the field of API security.
API Security: API (Application Programming Interface) security is the process of protecting application programming interfaces from attacks. As APIs are extensively used for interactions between software applications and allow access to sensitive software functionalities and data, they become prime targets for attackers. API security is a crucial component of modern web application security, involving the identification and mitigation of potential vulnerabilities in APIs, such as authentication and authorization issues, missing rate limiting, and code injection, by adhering to security best practices and conducting regular testing to protect APIs.
