Israeli privately-held tech companies and start-ups raised nearly $1 billion in the month of October alone, according to a recent report by Israeli business daily Globes.

This success brings the total raised in the first 10 months of 2024 to over $8 billion, surpassing the $6.9 billion raised in all of 2023.

Several major financing rounds contributed to October’s success. Cybersecurity company Armis secured a substantial $200 million, while payments platform Melio raised $150 million. Proptech company DoorLoop and cloud backup firm EON also completed significant rounds, raising $100 million and $77 million respectively.