Sunbit, Inc. announced that it has received $130,000,000 in a round of funding led by existing investor Group 11 on May 20, 2021. The transaction also included participation from existing investor Zeev Ventures, LLC, new investors Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL), Harel Insurance Investments & Financial Services Ltd (TASE:HARL), AltaIR Capital, and More Investment House Ltd. The round was raised at post-money valuation of $1.1 billion. Guy Fischer of Next Generation Finance joined company's board as observer. The company received $87,799,673 pursuant to regulation D from 24 investors in the transaction.