Grasshopper Protein And Virtual Shoe-Fitting: April's 10 Israeli Startups You Need To Know About

Every month, Start-Up Nation Central’s channel on Forbes will highlight a handful of startups that have recently raised funding, signed major contracts, or have released other significant news –and that we think are important to keep an eye on.

This could be because:

1. Their technology is breakthrough and could disrupt important markets
2. They have an innovative business model or product/service with big market potential
3. They have big/important founders/CEOs/board directors
4. Their investors are strategic [big names in VC/Corporate VC]
5. All or some of the above together

See the lists from March and February.

During April 2018 Israeli startups raised $368M.

Investments

Enterprise Security

Enterprise security startup Meta Networks emerged from the stealth and announced a $10M Seed round, which is huge as the average seed round for Israeli enterprise security companies over the past 10 years was around $2M. Meta was founded in 2016 by team of cloud, networking and security experts from companies like Stratoscale, Intel, Checkpoint, Oracle, Cisco, Harman, Incapsula, Ericsson, 3M and Elbit–pretty much the biggest names in enterprise security. Meta Networks is also the third startup for serial entrepreneur Etay Bogner, a networking and security industry veteran.

IOT Security

IoT Security Platform Armis raised $30M in Series B funding. Armis develops a platform to protect businesses from unmanaged, compromised, or rogue devices and networks. The round was led by Red Dot Capital Partners and Bain Capital Ventures, with the participation of previous investors Sequoia Capital and Tenaya Capital. The company was founded in 2015 by two former Unit 8200 (Israel’s version of the NSA) developers Nadir Izrael and Yevgeny Dibrov, the latter who was on the executive team at Adallom, a cloud security startup acquired by Microsoft for $320M