The Jewish Chronicle

More swoops for Israeli tech start-ups


APPETITE for big-ticket buyouts of Israeli companies continues into 2019, with US cybersecur­ity firm Symantec announcing the purchase of Luminate Security, its fourth such acquisitio­n in Israel. Since it was founded in 2017, Luminate has raised £11 million over two investment rounds and employs 40 people in Tel Aviv and Palo Alto.

Rapyd, a start-up developing a global online network for payment transfers without credit cards, has completed a second investment round with interest from US venture capitalist­s General Catalyst as well as San Francisco fintech company Stripe. Rapyd, with an Israeli staff of 65 people, has raised £46 million since its was founded in four years ago.

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