IT, cloud and cyber services providers are among the most growing in Israel in the last summer, as it is seen from our September SUN100 ranking of the most valuable Israeli startups. The recent month was an excellent one for startups such as the video management service Kaltura, The flash storage providers Elastifile and Kaminario, the cyber security companies Cato and TrapX, and the marketing analytics plaform Datorama.
Each of these also raised few dozens of millions of dollars. This is a milestone that not only increases the valuation of a company at the moment of the round, but also symbolizes the rapid growth the company is experiencing.
Gett: (1st , no change from previous ranking) The taxis service that is popular in Israel and in some cities in Russia secured $300M from Volkswagen this year. The two didn’t mention the services or products that should come out from this co-operation but it seems that the two will hold hands in the race for another fleet management platform that will compete with Uber, Lyft, Didi and Via. Zirra valuates Gett at about $2B
Kaltura: (From 12th to 3rd) The video management platform for enterprise raised this August another $50 million, bringing its funding in total to $160. The acquisition of TVinci two years ago brought Kaltura into the IPTV and OTT market, right on time to help many telcos and others into a Netflix-like VOD service. Zirra valuates Kaltura at $901M.
Elastifile: (From 87th to 67th) The SSD and flash innovative system has doubled in the past year and made several high profile hirings like the addition of an EVP Global Sales and a VP of Marketing, both with rich background from IT vendors such as Oracle, EMC and NetAPP. Elastifle convinced Cisco to invest in the company, leading a $15M round this summer. Zirra valuates Elastifile at $226M
TrapX: (From 116th to 103th) A player in the crowded arena of deception cyber security providers, TrapX raised $9M this April from Strategic Cyber Ventures, established by formerly DoD execs, and hired a VP Sales from FireEye, a VP Product from IBM and a VP Marketing from Cyphot. Zirra valuates TrapX at $173M.
Datorama(From 84th to 30th) Marketing analytics platform Datorama raised $32M last month, after a significant growth in sales in the U.S. Datorama made a successful bet with extending its reach from ads agencies to advertisers. For more insights on Datorama, read Zirra’s full analysis on Datorama here. Zirra valuates Datorama at $395M
Vidmind (From 56th to 137th) The video OTT and VOD Platform was supposed to receive an investment of $30 million from Russian entrepreneur Maxim Nogotkov, but ran into issues when Nogotkov began experiencing financial trouble possibly connected to economic and political turmoil in Russia, eventually being bought by the same group for just $2.4 million in a process involving the courts. The total headcount went doen to 14 from 50, while Sagi nominated a former playtech exec to the role of CEO. Even so, OTT platform can be an attractive investment if done right as demonstrated by Kaltura in this list. Zirra valuates Vidmind at $122M.
So let's take a look at the full Start-Up Nation 100 list to see how the top Israeli companies ranked in September (click here to access our live spreadsheet):