--- url: 'https://qubit.capital/blog/mena-series-b-plus-weekly-funding-roundup-mar-13-20-2026' title: 'MENA Series B+ Weekly Funding Roundup (Mar 13-20, 2026): $270.0M Raised Across 2 Deals' author: name: Vaibhav Totuka url: 'https://qubit.capital/blog/author/vaibhav-totuka' date: '2026-03-20T08:04:04+05:30' modified: '2026-03-20T15:19:07+05:30' type: post summary: 'Two Israeli startups raised $270M in Series B+ rounds this week. Wonderful hit $2B valuation for AI agents, Oasis Security raised $120M for non-human identity.' categories: - Weekly Funding Roundup image: 'https://qubit.capital/wp-content/uploads/2026/03/featured-mena-series-bplus-64369.webp' published: true --- # MENA Series B+ Weekly Funding Roundup (Mar 13-20, 2026): $270.0M Raised Across 2 Deals Israeli startups dominated MENA’s late-stage funding activity this week, with two companies collectively raising $270 million in Series B+ rounds. Both deals reflect the accelerating enterprise demand for AI-native infrastructure — one deploying AI agents at scale, the other securing the machine identities those agents create. The common thread is speed. Wonderful reached a $2 billion valuation barely a year after founding, while Oasis Security’s ARR grew 5x year-over-year. Investors are racing to back companies that can capture the enterprise AI wave before incumbents adapt, and Israel’s deep bench of technical founders continues to produce category-defining startups in artificial intelligence and cybersecurity. Weekly Funding Roundup MAR 13-20, 2026 $270M TOTAL RAISED 2DEALS CLOSED 100%SERIES B $135MAVG DEAL SIZE MENATOP REGION BY STAGE Series B$270M100% BY SECTOR WonderfulArtificial Intelligence$150M Oasis SecurityCybersecurity$120M Table of Contents - [1. Wonderful Raises $150M For Enterprise AI Agent Deployment](#1-wonderful-raises-$150m-for-enterprise-ai-agent-deployment) [Deal Overview](#deal-overview) - [Investor Profile](#investor-profile) - [Company and Leadership](#company-and-leadership) - [Problem and Opportunity](#problem-and-opportunity) - [Product and Technology](#product-and-technology) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision) - [Market Context](#market-context) - [2. Oasis Security Raises $120M For Non-Human Identity Security](#2-oasis-security-raises-$120m-for-non-human-identity-security) [Deal Overview](#deal-overview-1) - [Investor Profile](#investor-profile-1) - [Company and Leadership](#company-and-leadership-1) - [Problem and Opportunity](#problem-and-opportunity-1) - [Product and Technology](#product-and-technology-1) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-1) - [Market Context](#market-context-1) - [Lessons For Founders](#lessons-for-founders) ## 1. Wonderful Raises $150M For Enterprise AI Agent Deployment ### Deal Overview - **Stage:** Series B - **Sector:** Artificial Intelligence - **Geography:** Israel - **Round Size:** $150 million - **Valuation:** $2 billion ### Investor Profile Insight Partners led the round, joined by Index Ventures, IVP, Bessemer Venture Partners, and Vine Ventures. This investor syndicate brings deep enterprise software expertise — Insight Partners alone manages over $90 billion and has backed companies like Shopify and Monday.com. The participation of multiple tier-1 firms signals strong conviction in Wonderful’s trajectory. ### Company and Leadership [Wonderful](https://wonderful.ai) was founded in early 2025 by CEO Bar Winkler and CTO Roey Lalazar. Winkler previously founded Approve, which was acquired by Tipalti. Lalazar founded AI location company Kaps. In just one year, the company has raised $284 million total — $34 million seed, $100 million Series A in November 2025, and now this $150 million Series B. The valuation nearly tripled from Series A to $2 billion in four months. ### Problem and Opportunity Enterprises across telecom, financial services, manufacturing, and healthcare want to deploy AI agents but lack the internal expertise to make them production-ready. The gap between AI demos and operational AI systems remains enormous. Most companies need hands-on implementation support to move from pilot to production. ### Product and Technology Wonderful develops and deploys production-grade AI agents for enterprises. Rather than selling software alone, the platform provides end-to-end AI agent deployment with dedicated teams that help customers get the technology operational quickly. The company expanded to 30+ countries across Europe, the Middle East, Asia-Pacific, and Latin America in just eight months. ### Use of Proceeds and Vision The funds will triple headcount from 300 to 900 employees, doubling down on the services-led strategy of deploying implementation teams alongside the technology. Wonderful aims to be the global leader in enterprise AI agent deployment, combining software with hands-on delivery at scale. ### Market Context The enterprise AI agent market is one of the hottest segments in tech. McKinsey estimates AI agents could automate 60-70% of worker activities. Competitors include Moveworks, Adept, and Cognition. Wonderful’s speed of execution — 30 countries in eight months — and rapid fundraising trajectory are exceptional even in the current AI boom. The services-led approach creates deep customer relationships and domain expertise that pure-software competitors lack. ## 2. Oasis Security Raises $120M For Non-Human Identity Security ### Deal Overview - **Stage:** Series B - **Sector:** Cybersecurity - **Geography:** Israel - **Round Size:** $120 million - **Total Funding:** $195 million ### Investor Profile Craft Ventures led the round with participation from Sequoia Capital, Accel, and Cyberstarts. This is a tier-1 cybersecurity investor lineup — Sequoia and Accel have backed category-defining security companies including Palo Alto Networks and CrowdStrike. Cyberstarts, a specialist cybersecurity fund, has been with the company since earlier rounds, signaling sustained conviction. ### Company and Leadership [Oasis Security](https://www.oasis.security) was founded in August 2022 by Danny Brickman and Amit Zimerman, both veterans of Israeli Defense Forces cyber units. Brickman previously led product strategy at Buildots and spent 11 years in the IDF, including serving as Head of Cyber R&D. The company’s ARR grew 5x year-over-year, with the majority of clients coming from the Fortune 500. ### Problem and Opportunity Machine identities — service accounts, API keys, tokens, and certificates — now outnumber human identities 82 to 1, according to Palo Alto Networks data. That ratio is accelerating as AI agents proliferate. Yet access management systems were built for people, not machines. Every AI agent deployed creates new non-human identities that need governance, and most enterprises have no visibility into what those identities can access. ### Product and Technology Oasis pioneered non-human identity and agentic access governance. The platform manages machine identities and AI agent access using intent-based, just-in-time access control. It evaluates what each system is trying to do and grants only the minimum required access. This approach addresses the fundamental gap between human-centric security tools and the reality of machine-dominated enterprise environments. ### Use of Proceeds and Vision Oasis will scale enterprise adoption, expand its platform for AI agent governance, and grow the team to meet surging demand. The company is positioned as the essential security layer for the AI agent era — where autonomous systems need identity governance just as humans do. ### Market Context The identity security market is projected to exceed $25 billion by 2028. Non-human identities represent the fastest-growing attack surface in enterprise security. Competitors include Astrix Security, Silverfort, and CyberArk, but Oasis pioneered the NHI category and holds first-mover advantage with Fortune 500 customers. The deep visibility into NHI patterns across major enterprises creates a unique threat intelligence dataset that compounds over time. ## Lessons For Founders - **Services can be a moat, not a weakness.** Wonderful’s decision to triple headcount and deploy implementation teams alongside its AI software is driving breakneck growth. In emerging categories where buyers lack internal expertise, hands-on delivery creates customer lock-in that pure SaaS competitors struggle to match. - **Name the category you want to own.** Oasis Security coined “non-human identity management” and built the product around that framing. When you define the category, you set the buying criteria — and every competitor has to explain themselves relative to your terms. - **Speed compounds in AI markets.** Wonderful went from founding to $2 billion valuation in roughly one year. Oasis grew ARR 5x in twelve months. In fast-moving markets like AI and cybersecurity, execution velocity is itself a competitive advantage — it attracts talent, investors, and customers in a self-reinforcing cycle. - **IDF cyber units remain a founder factory.** Both Oasis founders came from Israeli military intelligence. The combination of deep technical training, operational discipline, and access to Israel’s cybersecurity network continues to produce founders who can build enterprise-grade security products at speed. - **Solve the problem AI creates, not just the one it solves.** As AI agents multiply across enterprises, they generate new attack surfaces (non-human identities), new deployment challenges (implementation at scale), and new governance requirements. The most fundable startups right now are building for the second-order effects of the AI wave.