Sayata Labs Ltd. announced that it has received $52 million in funding from a group of investors
January 23, 2022
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On January 24, 2022, Sayata Labs Ltd. closed the transaction. The company amended the terms of the transaction. The company will now issue $52 million in the transaction.
The company raised $35 million in its final tranche co-led by new investors Pitango Venture Capital and Hanaco Venture Capital Ltd. The company has raised $60 million in funding till date.
Elron Electronic Industries Ltd. is an operational holding company that focuses on building and enhancing technology companies, mainly in the field of medical devices. Its group companies include companies at different stages of development and business maturation, operating in various technology fields, such as medical device and other fields. It is involved in the management of its group companies by means of membership and providing assistance to management. It operates in the Holdings and Corporate Operations segment. It is engaged in matters of policy guidance, strategic planning, marketing, selecting and manning senior management positions, determining the business plan, approving investments and budgets, development and operational guidance, assistance in creating strategic partnerships, and the overall ongoing monitoring of its group companies' performance. Its main group companies include BrainsGate Ltd, Pocared Diagnostics Ltd. and RDC Rafael Development Corporation Ltd.