Sunday, September 25, 2022
HomeStartupBiden in Jerusalem % OurCrowd Weblog

Biden in Jerusalem % OurCrowd Weblog


  • Prime funding alternatives
  • Startup of the Week: ThetaRay, trusted international funds
  • The Lancet: SaNOtize nasal spray efficient towards Covid
  • Biden’s Center East go to will assist convey down Sand Curtain
  • OurCrowd launches upgraded cellular app
  • Edge Gaming raises $30M to fund playable sport clips
  • Kini brings in $4.3M for on-demand pay in Southeast Asia
  • wefox completes $400M Sequence D spherical, valuation reaches $4.5B
  • YuLife raises $120M for gamified wellness-oriented life insurance coverage platform
  • BBC: Moodify’s odor of success
  • Introductions
  • Greater than 3,200 high-tech jobs

Startup of the Week:
ThetaRay: Trusted international funds

The conflict in Ukraine and accompanying financial sanctions on Russia are pushing monetary establishments to make sure they’ve efficient options to conduct their international cross-border funds enterprise, now valued at $37T worldwide. ThetaRay, a quickly rising Israeli firm, has created and deployed SONAR, a proprietary, state-of-the-art, AI-driven SaaS platform that gives banks and FinTechs with superior anti-money laundering capabilities. SONAR makes use of “synthetic intelligence instinct” based mostly on proprietary algorithms, permitting it to research dozens of threat indicators related to monetary crimes to detect suspicious transactions. This interprets to increased revenues, decreased operational prices, considerably improved customer support and expanded threat protection for shoppers. Among the world’s prime monetary establishments at the moment are ThetaRay shoppers, together with 3 of the 12 largest correspondent banks exterior China, a number of Tier-1 UAE banks, and FinTech powerhouses equivalent to Travelex, Nuvei and Payoneer. The corporate’s ARR rose 2.5X over the last 12 months, and ThetaRay forecasts a 3X YOY improve in ARR by the top of 2022. OurCrowd is collaborating on this $12M SAFE at a 20% low cost.

Be taught Extra

The Lancet: SaNOtize nasal spray efficient towards Covid

The antiviral nasal spray produced by our portfolio firm SaNOtize reduces 99% of Covid-19 viral load inside 48 hours of remedy, The Lancet studies. Section 3 medical trials performed by SaNOtize and its associate Glenmark Prescription drugs had been revealed in The Lancet Regional Well being Southeast Asia. The examine was performed through the Delta and Omicron surges, exhibiting the spray to be efficient on the recognized variants of Covid-19. “Viral load has been linked to infectivity, poorer well being outcomes, and problems from lengthy Covid,” says Gilly Regev, Co-founder and CEO of SaNOtize. Proof is mounting that the SaNOtize spray “represents an efficient, well-tolerated antiviral remedy that considerably shortens the course of Covid-19.” The spray is now out there in India, Singapore, Malaysia, Hong Kong, Taiwan, Nepal, Brunei, Cambodia, Laos, Myanmar, Sri Lanka, Timor-Leste and Vietnam, and has obtained a CE mark in Europe that enables it to be launched within the EU. It’s also authorised and being bought in Singapore, Hong Kong, Israel, Thailand, Indonesia and Bahrain underneath the model identify enovid™ or VirX™. SaNOtize is at present funding on the OurCrowd platform.  

Be taught Extra

Biden’s Center East go to will assist convey down Sand Curtain

The Center East is on the point of a brand new period, as I advised the BBC, CNBC, CBN and different international media as President Joe Biden landed in Israel this week on the primary leg of a regional go to. The Sand Curtain that has divided Israel from its regional companions is coming down, and President Biden’s journey will assist to push the method ahead. We have already got billions of {dollars} of commerce with the UAE, and the prospect of Saudi Arabia becoming a member of the Abraham Accords opens up infinite potentialities for regional cooperation in tech and enterprise funding. Simply as we had been among the many leaders of Israel’s enterprise relations with the UAE, OurCrowd is poised to be within the vanguard of future ties with Saudi Arabia and the remainder of our new pals throughout the Center East.

OurCrowd launches upgraded cellular app

Faucet. Swipe. Make investments. It’s right here. The improved OurCrowd cellular app permits you to open the world of startup investing in your Android or iOS machine, as reported in the Occasions of Israel. The upgraded OurCrowd app permits customers to obtain real-time data on new funding alternatives, verify the efficiency of their present portfolio, obtain the newest information on OurCrowd corporations and the startup ecosystem, and evaluate and obtain key paperwork and studies.    

Obtain Now

Edge Gaming raises $30M to fund playable sport clips

Our portfolio firm Edge Gaming raised a $30M Sequence A spherical to allow avid gamers the world over to share their most interesting moments with others, VentureBeat studies. The corporate’s platform permits avid gamers to create Playables – eventualities captured from stay video games that may be shared, performed, re-enacted, re-lived, and skilled by others. Making a Playable is like recording a video, besides it generates a mini-game that may be shared throughout the corporate’s platform. This spherical remains to be open to OurCrowd buyers.

Be taught Extra

Kini raises $4.3M for on-demand pay in Southeast Asia

On-demand pay in Southeast Asia takes one other step ahead with the assistance of $4.3M in seed funding raised by our portfolio firm Kini, TechNode World studies. Kini goals to convey monetary reduction to thousands and thousands of blue-collar employees in Southeast Asia who stay from paycheck to paycheck, are underbanked, have restricted entry to credit score, and are susceptible to predatory lending from payday lenders. The cellular platform offers payday-on-demand companies, giving employees fast entry to money, bill-paying companies, and particular options together with micro insurance coverage and micro investments tailor-made to the market. This spherical remains to be open to OurCrowd buyers.

Signal NDA to Be taught Extra

Prime Tech Information

wefox valuation soars to $4.5B because it closes $400M Sequence D

InsurTech vanguard and OurCrowd portfolio firm wefox raised $400M in a Sequence D funding spherical led by Mubadala Funding Firm, the Abu Dhabi sovereign investor, Reuters studies. The spherical additionally noticed the Berlin-based firm improve its valuation from $3B to $4.5B in 12 months, bucking the present pattern within the InsurTech market. “Wefox now has greater than 2 million clients and we intention to achieve 3 million clients by the top of this 12 months. It’s additional proof that wefox is trusted, and testomony to our concentrate on prediction and prevention, reasonably than the standard method of restore and exchange. We’re making insurance coverage 10 occasions higher by know-how,” says Julian Teicke, wefox’s CEO and Founder.

YuLife raises $120M for gamified wellness-oriented life insurance coverage platform

UK-based YuLife wrapped a $120M Sequence C spherical, TechCrunch studies. The corporate goes past being an insurance coverage supplier by gamifying its product. YuLife’s cellular app encourages coverage holders to frequently participate in wellness actions and rewards them for wholesome residing with items and goodies. The system is working, with 87% of its shoppers reporting an enchancment to their well-being on account of utilizing YuLife. “Insurance coverage has the potential to realize super social good. We consider that well-being have to be holistic, and we’re dedicated to constructing a world monetary companies model that may change the lives of thousands and thousands of individuals the world over,” says Sammy Rubin, YuLife CEO and Founder.    

BBC: Moodify’s odor of success

Can the precise odor make individuals extra productive? That’s the query the BBC’s Natalie Lisbona asks in a report on odor know-how. She options our portfolio firm Moodify, which makes use of know-how powered by over a decade of analysis on the Weizmann Institute of Science. Moodify’s scents can gentle up the olfactory bulb within the mind, which has extra constructions than imaginative and prescient or listening to. The corporate produces malodor management merchandise and is growing scents that allow individuals to enhance their efficiency, improve their well-being and improve their security.

Introductions

Your portfolio will get stronger when the OurCrowd community will get concerned. Go to our Introductions web page to see which of our corporations are in search of connections that you just could possibly assist with.

 

Greater than 3,200 Excessive-Tech Jobs

Learn the OurCrowd Excessive-Tech Jobs Index Q1 2022 HERE

Search and filter by Portfolio Jobs to seek out your subsequent problem



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments