Top tech startup news for today, Wednesday, June 5, 2019

Good morning! Below are some of the top tech startup news for today, Wednesday, June 5, 2019.

SentinelOne raises $120 million in Series D funding to accelerate its business growth and deliver product enhancements. SentinelOne, a Mountain View, Calif.-based autonomous endpoint protection company, raised $120m in Series D funding to accelerate its business growth and deliver product enhancements. The round, which brings total funding to more than $230m, was led by Insight Partners, with participation from Samsung Venture Investment Corporation, NextEquity and previous investors Third Point Ventures, Redpoint Ventures, Granite Hill and Data Collective (DCVC), among others. Founded in 2013 by Almog Cohen and Tomer Weingarten, SentinelOne delivers autonomous endpoint protection that successfully prevents, detects and responds to attacks across all major vectors.

Israel Investment Partners launches $500 million Debut Fund. Israel Investment Partners (IIP), a Tel Aviv, Israel-based employee owned private equity firm focused on opportunistic value-based investing, has launched a $500 million first fund. The firms debut fund, IIP I, was initially targeting $350 million for its final close, but has now set a $500 million limit due to being oversubscribed. Founded by managing partners Dr. Simón Levy-Dabbah and O.D. Kobo, IIP seeks to invest in established businesses primarily in Israel, comprised of hard assets with leading market positions, in the following sectors; agriculture, communications, defense, electric utilities, energy & natural resources, financial services, life sciences, real estate & construction, power & renewables, technology, transportation, waste management and water.

OurCrowd & NOAH Advisors partner to jointly promote startup investments in Europe. OurCrowd, a global investment platform and Israel’s most active venture investor, has partnered NOAH Advisors, a leading European corporate finance boutique and organizer of the NOAH Conferences. As part of the agreement, NOAH Advisors will support OurCrowd in expanding its European deal flow into top European startups, in countries such as Germany, Switzerland, and the UK. As part of the partnership, NOAH Advisors’ network of Family Offices, senior executives, tech investors, and startups will gain access to OurCrowd’s top investment opportunities. Founded in 2013, OurCrowd is a global crowd investing platform for accredited investors. The crowdfunding platform sources deals, performs due diligence, and opens investments to its members, leading every investment with its own money.

FormAssembly bags $10 million Series A funding to enable businesses to securely collect and process data. FormAssembly, a bootstrapped startup that provides a web-based surveying platform to help businesses create web forms and collect data, has secured $10 million in Series A funding to accelerate its mission to enable businesses to collect and process data securely and responsibly. The round was led  by New York based investment firm Level Equity. In connection with the funding, FormAssembly announced that George McCulloch, partner at Level Equity, will join its board of directors. Founded in 2006, FormAssembly is redefining the way that businesses collect and process data. By streamlining business processes and ensuring good governance in an age of increased scrutiny over data collection practices, FormAssembly helps businesses drive quality form conversions.

Apple is shutting down iTunes. Apple announced Monday that it’s shutting down iTunes its 18-year-old digital media software. The tech giant made the announcement at its annual Worldwide Developers Conference (WWDC). In its place, Mac users will have three individual, dedicated apps for music, podcasts and TV, similar to the current iPhone setup. The change will take place when the macOS Catalina, the latest version of Apple’s Mac operating system, debuts in the fall.