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Next raises $ 82 million for insurance online
Next Insurance, an online insurer for small businesses, announced Wednesday it raised $ 83 million from a group of companies. 39, financial and strategic investors. Led by Redpoint Ventures, the financing will allow Next Insurance to expand in the United States as a full service carrier, offer coverage to more business categories and develop its internal activities, the company said. Other investors who participated in the round include Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, TLV Ventures and Zeev Ventures. Next Insurance is a licensed operator in eight US states and plans to expand to 50. Based in Palo Alto with a research and development center in Israel, Next Insurance was established in 2016 by CEO Guy Goldstein, the Vice President R & D Nissim Tapiro Technology Officer Alon Huri. It has raised $ 131 million so far. Their previous company, a cell phone payment start-up called Check, was sold to Intuit for $ 360 million in 2014. (Eliran Rubin and Reuters)
Monday.com Team Management Raises $ 50 Million
Monday.com, an Israeli start-up that develops team management software, announced Wednesday that She had secured $ 50 million in new funding during a New York based growth equity tour, Stripes Group. Existing investors, including Insight Venture Partners and Entree Capital, also joined the round, bringing the total amount raised from Monday.com to $ 84 million since its inception in 2014. obtained a strategic credit line of several tens of millions of dollars from LeumiTech, the technological branch of the Israeli bank Leumi. With offices in Tel Aviv and New York and 130 employees, the Monday.com platform connects people to workplace processes, manages workloads, and tracks projects. Paying customers include Carlsberg Group, Discovery Channel and McDonald's. Over the past year, the company has tripled its revenues to tens of millions of dollars and has tripled its customer base to more than $ 35,000. (Refaella Goichman)
High-tech outlets increased in the first half, but only because of two giant offers, says IVC
Outflows of Israeli high-tech companies more than tripled in the first half of 2017 to $ 6.2 billion due to two giant acquisitions, the Israel Risk Research Center and the firm of lawyers Meitar Liquornik Geva Leshem Tal. a poll released Wednesday. However, without these two outlets – the $ 3.4 billion acquisition of the manufacturer of Orbotech semiconductor equipment and the purchase of $ 1 billion from the software company Private NDS of KLA-Tencor Corporation were $ 1.82 billion in the first half. of 2017, IVC said. Average exit through a M & A deal or initial public offering reached $ 107 million versus $ 31 million a year ago, but the number of outflows has dropped by 20%, continuing a downward trend that began in 2015 , according to the report. Alon Sahar, a Meitar partner, warned against the imbalance between the growth of capital raising by Israeli companies and the decline in outflows. (Eliran Rubin)
Radiflow Gets $ 18 Million From Singapore Enterprise For Industrial Cybersecurity
Radiflow, US Manufacturer Of Industrial Cybersecurity Solutions For Critical Infrastructure, Announced Wednesday To Have Participated In An Investment Round $ 18 million. This investment round was led by ST Engineering Ventures, the venture capital unit of Singapore's engineering, defense and engineering group ST Engineering. The existing Radiflow investors, led by Zohar Zisapel, also participated in this investment round. Radiflow provides cybersecurity solutions for industrial control systems and control and data acquisition networks, and has more than 50 customers worldwide. The cybersecurity industrial market is conservative but is evolving in the face of growing threats such as the attacks launched by Triton malware sites in the Middle East last December. In addition, Radiflow and ST Engineering will partner by providing ST Radiflow detection and prevention tools. These have already been integrated into his command, control and rail communications systems, both sides said. (TheMarker Staff)
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