Category: Israeli
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Israeli AI mental healthcare co Eleos raises $60m
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Israeli mental health care company AI Elios health Today it announced the completion of a $60 million Series C funding round led by Greenfield Partners, with participation from existing investors F-Prime Capital, Eight Roads, Menlo Ventures, and ION, and new investors including the Michael & Susan Dell Foundation, Union Tech…
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300,000 Israeli households have switched electricity suppliers
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Nearly 300,000 households have switched their electricity accounts away from the Israel Electricity Corporation (IEC) as of Monday, January 13, following the electricity reform, which was launched six months ago, Noga Electricity Systems Management, which manages the electricity structure, reported. Electricity in Israel. This number is three times higher than…
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Metropolis buys Israeli facial recognition co Oosto
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US AI parking platform Metropolis has acquired an Israeli AI facial recognition company buying (formerly known as AnyVision), this has been confirmed by TechCrunch. Globes was the first to report over the weekend that Oosto was in the final stages of its sale to an American company. The company, founded…
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Lenovo to buy Israeli enterprise storage co Infinidat
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Chinese computer giant Lenovo is scheduled to announce its acquisition of an Israeli start-up company specializing in the field of data storage Infinitefounded by Moshe Yanai and among its senior directors is Prime Minister Shahar Bar Or. This will be Lenovo’s first major acquisition in Israel, and the Chinese company…
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Exclusive: Nvidia investing over $500m in new Israeli computing facility
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Nvidia is building one of the largest server farms in Israel, near the Elyakim Junction near Yokneam in the north of the country. The data center engineering facility will for the first time deploy Nvidia’s new Blackwell processors. Industry sources estimate the total investment in the project at more than…
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SNC: Israeli startups raised $12.2b in 2024
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Start-Up Nation Central (SNC) reports today that privately owned Israeli tech companies raised $12.2 billion in 2024, up 31% from 2023. Of that number, $10.6 billion was officially reported by companies that raised funds , while there was an additional $1.6 billion in deals that had not yet been reported.…
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Ex Shin Bet chief aims to make Cognyte an ‘Israeli Palantir’
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Defense Technology Company last week Cognit software (Nasdaq: CGNT) announced the unexpected appointment of Nadav Argaman as Senior Strategic Advisor. Cognyte expects Argaman to leverage his experience, contribute operational ideas and assist with communications to enhance the company’s activities. Argaman served as head of the Shin Bet Security Service from…
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Australian co Adisyn buys Israeli chip co 2D Generation
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Adisyn, whose shares are traded on the Australian Securities Exchange (ASX), has announced the completion of the acquisition of 100% of the shares of Israeli semiconductor company 2D Generation (2DG). 2DG was founded by CEO Ari Kohavi, an Israeli entrepreneur who previously founded Water-Gen, which developed technology to produce water…
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US co Chainalysis buys Israeli fraud detection co Alterya
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US blockchain giant Chainasis has announced that it has acquired a Tel Aviv-based startup Alteria. This is the company’s second acquisition in Israel after its acquisition of Hexagate last month. Chainalogy will pay $160 million for Alterya. Alterya was founded in 2022 by CEO Elad Fox and CTO Shahav Gonen.…
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Japan’s Kaneka buys Israeli co EndoStream Medical
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The Or Akiva-based medical device company is developing the Nautilus device to treat aneurysms. Japanese company Kanika announced its acquisition of 96.8% of the shares of the Israeli medical devices company INDUSTREAM MEDICAL LIMITED (ESM). Or Akiva-based ESM, which was founded in 2015 by CEO Danel Mayer and CTO Alon…
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Israeli AI-chip co Element Labs aims to rival tech giants
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A new AI chip startup founded by Israeli entrepreneur and billionaire Avigdor Wellens has taken the technology industry by storm with plans to compete with international chip giants and the way it hires employees. Sources familiar with the matter told Globes that the new startup called Element Labs has adopted…
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Israeli startups encourage employees to sell shares
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There seems to be a new trend taking hold in Israel’s technology sector. After a year of near-total stagnation, the secondary trade in private technology companies is coming back to life, but this time with an interesting twist: entrepreneurs themselves are leading the movement. “This is a precedent we haven’t…
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Israeli startups raised $450m in December
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Overall in 2024, privately held Israeli technology companies raised $9.58 billion in 2024, according to IVC-LeumiTech, up 38% from 2023 when $6.9 billion was raised. Israeli startups raised $450 million in December 2024, according to reports and press releases seen by Globes. The number may be higher because some companies…
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Adam Partners to buy Israeli drip irrigation co Metzerplas
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The Israeli private equity firm will buy 75% of the company from Kibbutz Metzer for NIS 206 million. Israeli private equity firm Adam’s partnerswhich focuses on the food and agriculture sectors, announced today that it has signed a memorandum of understanding with Kibbutz Metzer to purchase the drip irrigation company…
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Israeli tech flotations seen reviving in 2025
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US software company ServiceTitan (Nasdaq: TTAN) went public on the Nasdaq earlier this month, and since then its stock price has risen 41%, boosting its market capitalization to $9 billion. It has now become clear that one successful flotation is enough to restore color and optimism to the technology’s primary…
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Israeli institutions to launch Bitcoin tracking funds
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Last year, Bitcoin once again became the focus of the financial world, with its price rising by 113% to currently reach $94,200. Now, for the first time, the Israeli public will be able to invest with shekels in a product that tracks Bitcoin. Four mutual fund managers (IBI-Kessem, Meitav, More,…
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Israeli winners and losers on Wall Street in 2024
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Despite a tough week last week, New York’s leading stock indexes are expected to have an exceptional year. The S&P 500 rose 24%, and the Nasdaq 100 rose 28%, both reaching all-time highs. Israeli companies listed on American stock exchanges certainly did not miss the opportunity. The market value of…
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Israeli defense firms beat world average in revenue growth
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The total revenues of the world’s 100 largest defense companies increased by 4.2% in 1,023 companies compared to the previous year. The list includes Israel’s three largest defense companies – Israel Aerospace Industries (IAI), Elbit Systems (TSX: ELST, Nasdaq: ELST), and Rafael Advanced Defense Systems – which saw combined revenues…
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The best Parkinson’s medication will be Israeli, and hybrid
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“The best drug for Parkinson’s will come from Israel. It will be a hybrid drug, the best hybrid drug in the world.” said Dr. Michel Tzur, co-founder and CEO treatmentin conversation with Globes technology correspondent Mittal Weisberg at the 2024 Globes Israel Business Conference. Tzur was a participant in the…
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Houthis causing negligible damage to Israeli trade – study
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Despite numerous concerns about shipping bottlenecks as occurred in the wake of the Covid pandemic, the Houthi blockade of the Bab al-Mandab Strait in western Yemen has not caused any significant damage, according to a new study by the Bank of Israel, Haggai Etkes and Nitzan Feldman of the University…