The unique model of this text was revealed on Linkedin.
It’s #Firgun time.
The phrase “Firgun” (Hebrew: ??????/ pronounced ‘feer-goon’) is an off-the-cuff trendy Hebrew time period and idea in Israeli tradition (initially Yiddish), which describes real, unselfish delight or pleasure within the accomplishment of the opposite particular person. It’s the alternative of “schadenfreude”. Firgun is all about genuinely feeling and expressing happiness, pleasure, or admiration for another person’s accomplishments, luck, or well-being. Extra about Firgun and why it issues on VC Cafe: https://lnkd.in/dg2a86p
At first, I’d wish to want readers of #Firgun a Shana Tova u metukah. The Jewish new 12 months celebrations are dimmed by the battle, and the unbelievable loss we skilled over the previous 12 months. As we strategy the primary anniversary of Oct 7, it’s additionally a reminder that we’re nonetheless right here, we’ve got lots to be pleased about and all of us have a job to play within the rebuilding effort that may observe. No vacation desk feels full this 12 months, as we must always not overlook that there are nonetheless 101 Israeli hostages held in G**a. We should #BRINGTHEMHOME.
The preliminary figures for Israeli startups for Q3 2024 have been launched by IVC Information and Insights and LeumiTech . Regardless of the battle, Israeli startups raised $2.43 billion in Q3 2024, bringing the whole quantity of funding within the first 9 months of 2024 to $7.22 billion, a 32% enhance in comparison with the equal interval final 12 months (pre-war). Exits since October 2023 (i.e. through the battle) exceeded $12.2 billion to date. Extra within the hyperlinks to your browser part beneath.
Within the wider tech world, OpenAI accomplished its $6.6 billion increase (at $157 billion valuation), regardless of the senior departures of co-founder Mira Murati and the previous head of analysis. OpenAI additionally launched Canvas, a brand new technique to write code with ChatGPT and its realtime API. As OpenAI sarcastically turns into ‘closed’ (and for revenue) NVIDIA introduced an open-source GPT-4 rival,Microsoft unveiled co-pilot imaginative and prescient and various different AI additions to Home windows. Google continues to advance its multi modal search, enabling Lens to go looking through video or voice. Google can also be reportedly engaged on Reasoning AI, chasing OpenAI’s efforts with GPT-4o.
QUOTE OF THE WEEK
“The optimist proclaims that we reside in the most effective of all potential worlds; and the pessimist fears that is true.” – James Department Cabell
NEW VENTURE ROUNDS
- Congratulations Or Peles and staff Nym in your $47M sequence B to your autonomous medical coding platform!
- Properly carried out Itamar Friedman and staff Qodo (previously CodiumAI) in your spectacular $40M sequence A to advance your AI-powered code integrity options!
- Nice information Ron G. and staff xtype.io in your $21M sequence A to your for multi-instance administration soulution on the ServiceNow platform!
- Kudos Jenny Cohen Derfler and staff Air Physician on securing a $20M sequence B to attach travellers overseas to a worldwide community of over 20,000 docs and specialists
- Technique to go Rom Carmel ? and staff Apono in your $15.5M sequence A for cloud entry administration!
- Mazel tov Ohad Elhelo and staff AUI™ (Augmented Intelligence) in your $10M sequence A (at a reported $350M valuation) to your AI agent options for buyer interactions!
LINKS FOR YOUR BROWSER
Israel:
- Israeli startups rebound in Q3 2024 (report hyperlink on VC Cafe )
- How Israeli spies penetrated Hizbollah by the Monetary Instances
- Social media’s double-edged sword: Israel’s battle by way of the lens of Telegram and TikTok
World:
- Q3 2024 world enterprise funding report (AI attracts $, all the things else much less so) – by Crunchbase
- Overview of AI voice brokers by Andreessen Horowitz
- The Cloud 100 record by Bessemer (consists of over 10 Israeli SaaS corporations)
MEDIA OF THE WEEK
The total record of Israeli hostages in G**a. Maintain them in your prayers.
What it felt for Israelis within the preparations for Rosh Hashannah (the entire nation was despatched to hunt quick shelter amidst 181 Iranian ballistic missile assault)
Israeli Q3 2024 preliminary numbers present that funding remained sturdy (regardless of the battle) and cyber, which was very dominant, solely represented 14% of complete funding previously quarter (supply)
Enterprise funding in Q3 reached $66.5 billion, down 16% quarter over quarter and 15% 12 months over 12 months. That’s regardless of huge offers within the AI sector, which accounted for 28% of all enterprise funding final quarter.
It’s a brand new world for enterprise automation supply Lightspeed – (ICMY, I wrote about AI Brokers and automation on VC Cafe final week)
Voice AI market map (supply)
Lastly, watch Iron Dome intercepting a rocket assault
Shana tova u metuka for these celebrating ? ?
There’s lots to rejoice in our “small” neighborhood. Carry on creating!
I am a former common associate at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google’s first bodily hub for startups.
I am additionally the founding father of Techbikers, a non-profit bringing collectively the startup ecosystem on biking challenges in assist of Room to Learn. Since inception in 2012 we have constructed 11 colleges and 50 libraries within the growing world.
