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Israeli startups raised $1.6 billion in the first quarter, up 10% from p

Israeli startups raised $1.6 billion in the first quarter of 2024, marking a 10% increase from the previous quarter. The number of funding rounds also rose, breaking a decline since the beginning of 2022. The cyber sector dominated fundraising, with $620 million raised. The increase in the volume raised was supported by six investments of over $100 million each. The data indicates stabilization and improvement in most financial parameters of Israeli high-tech, despite economic and political vulnerability.

Original article source: https://www.jpost.com/business-and-innovation/banking-and-finance/article-794512
Source Id: 2024-03-307439472

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