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How to pivot away $34m: Israel’s Xeround shuts it doors with a lesson

The Next Web

Editor’s note: This story was written by Henn Idan and Yaniv Feldman , and was originally published in Hebrew by Newsgeek , the largest tech blog In Israel. . Xeround was founded in 2005 by Sharon Barkai – founder of Sheer networks, which was eventually sold to Cisco , and Dr. Gilad Zlotkin – founder of Class Data, also sold to Cisco.

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Cylus raises $30M Series B to help protect trains and metros worldwide

TechCrunch

CylusOne takes just a few hours to install, requiring zero downtime, fully integrating with new and legacy systems with no changes to the network architecture required, providing full visibility within seconds. . The Israel-based company announced today it has closed $30 million in a Series B round to help protect trains and metros.

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Cato Network snags $130M Series E on $1B valuation as cloud wide area networking thrives

TechCrunch

Cato Networks has spent the last five years building a cloud-based wide area network that lets individuals connect to network resources regardless of where they are. The company reports it has now raised $332 million since inception. Palo Alto Networks to acquire CloudGenix for $420M. He helped launch Cato in 2015.

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SentinelOne, an AI-based endpoint security firm, confirms $267M raise on a $3.1B valuation

TechCrunch

Given the large sums the company has now raised — $430 million to date — the funding will likely be used for acquisitions (cyber is a very crowded market and will likely see some strong consolidation in the coming years), as well as more in-house development and sales and marketing. SentinelOne raises $200M at a $1.1B

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Deci raises $9.1M to optimize AI models with AI

TechCrunch

Deci , a Tel Aviv-based startup that is building a new platform that uses AI to optimize AI models and get them ready for production, today announced that it has raised a $9.1 “The rapidly increasing complexity and diversity of neural network models make it hard for companies to achieve top performance.

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Eureka raises $8M for its data cloud security platform

TechCrunch

Eureka , a Tel Aviv-based startup that provides enterprises with tools to manage security risks across their various data stores, today announced that it has raised an $8 million seed round led by YL Ventures. ” Israel’s cybersecurity startups post another record year in 2021.

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Nym Health raises $16.5 million for its auditable machine learning tools for automating hospital billing

TechCrunch

A little less than two years after raising its seed round, the Israeli-based Nym Health has added another $16.5 The company was founded in 2018 by two former members of Israel’s 8200 cybersecurity unit of the army. Rebranding as Anagram, software for out-of-network billing for healthcare providers raises $9.1