We exploit inverse Raman scattering and solvated electron absorption to perform a quantitative characterization of the energy loss and ionization dynamics in water with tightly focused near-infrared femtosecond pulses. A comparison between experimental data and numerical simulations suggests that the ionization energy of water is 8 eV, rather than the commonly used value of 6.5 eV. We also introduce an equation for the Raman gain valid for ultra-short pulses that validates our experimental procedure.Keywords: Inverse Raman Scattering, light matter interaction, cold plasma Femtosecond laser pulses tightly focused in dielectric media have a wide range of applications in science and technology. Because of their capability to deposit high ionization doses in volumes of a few cubic microns, they can be used to induce permanent, microscopic refractive index modification in solid dielectrics, thus enabling three-dimensional integrated optics 1,2 . By focusing femtosecond pulses in liquids, it is possible to induce localized chemical reactions such as photo-polymerization on the micro-nano-scale 3 . In aqueous media, such as biological tissues, tightly focused femtosecond laser pulses have been successfully employed for eye surgery 4 and treatment of cancerous cells 5 . Recent studies show that by tuning the input pulse chirp an effective control on the energy deposition in water is reached 6 . Future developments of these applications will benefit from a more advanced control of the energy deposition by means of arbitrarily spatiotemporally tailored laser wavepackets 7 . In this context, suitable diagnostic tools for real time analysis of energy deposition dynamics as well as a better understanding of the initial stages of the energy absorption in the dielectric medium are of foremost importance.In previous experiments based on quantitative shadowgraphy, we characterized the propagation of a 120 fs pulse focused with low NA in water 8,9 . In this configuration, the laser pulse enters a filamentation regime 10 leaving behind a tenuous, few-mm-long plasma channel which gets solvated on a ps timescale. The pulse dynamics (featuring pulse splitting and superluminal pulse formation) was clearly seen in the probe as an absorption feature, which we attributed to the imaginary part of an unspecified cross-phase modulation process (XPM) between pump and probe. a) Electronic mail: stefano@stefanominardi.eu.; http://stefanominardi.eu.