I can help rephrase the text you provided. Here’s a revised version:
Israeli tech startups raised $2.9 billion in the second quarter of 2024, marking the highest level in two years, according to reports from IVC Data and Insights and LeumiTech released on Sunday. Despite Israel’s recent conflict with Hamas, the sector demonstrated strong fundraising capabilities. The figures, which are preliminary, include a significant $965 million funding round secured by cybersecurity firm Wiz. Excluding this, startups raised $1.94 billion, a 19% increase from the $1.63 billion raised in the first quarter.
Six deals exceeding $100 million contributed 62% of the total $2.9 billion, underscoring the sector’s resilience. The report also highlights a rise in first-time investors and new foreign investments in Israeli tech during the second quarter.
Since a slowdown in fundraising began in the second half of 2022 amid global economic challenges and proposed judicial reforms (now abandoned), Israeli tech funding has stabilized despite ongoing geopolitical tensions.
