| Hi, Agen. Space tech is on pace for a better funding year than 2023 with a number of large rounds getting done. The sector’s close ties to the defense tech industry — also aiming to set new records this year — may have something to do with that. Plus, the past year was tough for Israel’s startup community, but that didn’t stop tech sector M&A activity in the country. We take a look at the numbers. Last month Huntington Beach, California-based asteroid mining startup — AstroForge — locked up a $40 million Series A. While the round wasn’t huge and certainly didn’t send shockwaves through the venture community, it was the latest good-sized round that has helped space tech startups nearly reach last year’s venture funding total — just two-thirds into this year. Related Crunchbase Pro list: Space Tech Funding Despite the local unrest and economic uncertainty, the Israeli tech industry has shown resilience, especially with M&A trends since the start of 2024 when compared to the same period in 2023. Strategic adviser Itay Sagie dives into the numbers. Funding was down month over month by 37% and year over year by 24%. AI was the leading sector with $4.3 billion raised, around 24% of global funding in August. The second leading sector was healthcare/biotech with $3.5 billion invested. Related Crunchbase Pro lists: • Global Funding To AI Companies In 2024 • Global Funding In 2024 So far this year, 35% of U.S. startup investment has gone to AI-related companies, per Crunchbase data. That appears to be the highest percentage on record, besting even 2023. Related Crunchbase Pro list: US Funding To Non-AI Startups | 
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