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Two unicorns Trax Image Recognition and Redis Labs helped push total funding beyond that of the previous month, indicating that Q2/2021 is going to be a doozy.
A memorial siren brought traffic to a halt in Israel on Thursday as it honored six million Jews killed in.
“SoftBank invests in many high-growth tech companies and at the end of the day is the largest tech investor in the world. Our connection to them will impact our success going forward,” noted Bar-El. “I think that SoftBank provides us with a strategic component that no one else can. These sums can create a market and cause disruption that VC funds just aren’t able to. Their aggression, if channeled correctly, can really help growth companies.”
SoftBank’s investment in both companies was at a significantly higher valuation compared to their previous funding rounds. It is estimated that SoftBank poured a total of $300 million into both companies. Trax raised funds at a $2.25 billion valuation compared to $1.1 billion in its previous round, while Redis saw its valuation double from around $1 billion to $2 billion.
$1 billion investment in Israeli high-tech in a single day this April
Two unicorns – Trax Image Recognition and Redis Labs helped push total funding for the first week of April to more than $1 billion.
TipRanks employees celebrate a $77 million funding round. Photo courtesy of TipRanks
Following on the heels of a month marked by mega investments and a quarter in which Israeli companies raised a record $5 billion, April seems set to meet or beat those fundraising achievements.
Some $1 billion in investments was reported on a single day of the first week of the month, indicating that that Q2/2021 is going to be a doozy.