Atox Bio raises $23M to fund flesh-eating bacteria drug
Atox Bio, a biotech startup that develops therapeutics for severe infections, has closed a $23 million investment round. The proceeds will be used for a late-stage clinical study of Atox Bio’s AB103 for treating what researchers call necrotizing soft tissue infections but is commonly known as the “flesh-eating bacteria” and other severe infections. The Ness Ziona-based Israeli startup was founded by two Hebrew University researchers, Raymond Kaempfer and Gila Arad.To read more about the company, click here.
MobileOCT uses mobile phones to detect cervical cancer in women worldwide
Due to lack of access to physicians and reliable medical equipment, hundreds of thousands of women are dying unnecessarily every year simply because they are not getting diagnosed in time. Israeli startup, MobileOCT seems to be well on its way to changing that. MobileOCT is using mobile phones to accurately detect cancer in people who live in the developing world. To read more about this incredible venture, click here.
If you’re an accredited investor and interested in investing in some of Israel’s most exciting startups, please register at OurCrowd
Updates You Might Have Missed
Trending Israeli Entrepreneurs
3 Israeli women nab top spots in ’22 Most Powerful Women Engineers in the World’ list
Business Insider annually ranks women in the tech industry with its list of “most powerful women engineers in the world.” This year, the publication featured 22 women, of which 3 were Israeli, by far the largest number of any country when compared to Israel’s small size and population. The Israeli representatives are Tal Rabin (IBM), Yoelle Maarek (Yahoo) and Tamar Bercovici (Box). To read more about these three Israeli female engineers, click here.
Israel ranked top country with clean tech innovation potential
In a new report out from Cleantech Group, the World Wildlife Foundation, and the The Swedish Agency for Economic and Regional Growth, 40 countries were examined for their potential for entrepreneurial clean tech startups. The report takes a 10-year look down the line and ranks each country on a basis of 15 different indicators. Israel leads the group as it ranks 1st place. To read more, click here.
Israeli gaming startups head to North America to present their technologies
The first delegation of ten Israeli gaming-industry startups heads to North America to present new developments and technologies to senior industry executives in the US and Canada, including potential investors and companies like Google, Facebook and Apple. The startups are also set to participate in the world’s largest casual games industry conference in San Francisco. To read more, click here.
OurCrowd’s News Nuggets
Singular raises $5M for its mobile marketing platform (VentureBeat)
Israel ranks 15th in global innovation survey (Ha’aretz)
Stock analyst ranking company TipRanks raises $3M (Globes)
Israel’s EverythingMe is a smartphone launcher that knows you (Israel21c)
