IT

Actelis Networks provides network solutions designed to make communications faster, safer and more efficient for IoT applications.

The company, founded in 2019, reports revenue already running at $42 million annually, and doubling every quarter.

The company's share price fell sharply in early trading, and is now 70% below its IPO price.

Co-founder and CEO Amos Haggiag: It wasn't easy to get the valuation we wanted.

The company plans to reach free cash flow of 20% of revenue by 2025. CEO Avishai Abraham: We're concentrating on what we can control.

The technology company now sees non-GAAP EPS for 2022 of $7.25-7.45, which compares with previous guidance $7.07-7.27.

CyberArk Ventures has made three initial investments in cybersecurity startups.

The Israeli company has developed a data platform connecting physical merchandise to the cloud.

Market sources say that despite the negative sentiment on Nasdaq and the recent very sharp falls in the share prices of tech giants, the IPO will go ahead on schedule.

Intel says the Gaudi2 processor developed in Israel demonstrates two-times throughput compared with Nvidia’s A100 GPU processor.

proteanTecs provides advanced cloud and edge enterprise solutions that monitor the health and performance of electronics to help customers scale their operations.

YL Ventures has raised its largest ever fund despite admitting that the startup financing market is in a slowdown.

The two Israeli companies will combine to provide an AI-driven view into the diverse factors that influence overall production health.

Cellwize deals in cellular network optimization. The acquisition price is estimated to be in the low hundreds of millions of dollars.

Nvidia will recruit software and hardware engineers, chip developers, architects, and researchers with various levels of experience.

The Israeli company's platform delivers data-driven insights for faster, more intelligent decisions, by providing instant access to any data, enabling an organization-wide approach to business intelligence and analytics.

Plus Ventures and Oren Abekasis allege in the Tel Aviv court that Lusha's app was copied from a previous venture owned by the same entrepreneur, in which they had invested. Lusha denies any connection.

The purchaser is Liquid Intelligent Technologies, whose main market is in sub-Saharan Africa.

Market sources believe that Volkswagen has chosen Innoviz to provide its next generation cars with LiDAR) sensors.

The Israeli company has developed an engineering efficiency tool that correlates data across tools to identify bottlenecks and automate developer workflow optimization.

There's a fast entry track for foreign experts, but not having an Israeli ID card makes everyday transactions difficult, and after five years time's up.

After failing to raise $70-100 million, the company is laying off two thirds of its work force, including 350 employees in Israel.

A fall in vacancies for software developers is another indication that Israeli tech companies and startups are tightening their belts.

The Jerusalem-based company has developed an end-to-end, open, transparent and fully customizable security solution called Kubescape for the Kubernetes open-source community.

The Israeli cybersecurity company beat the analysts' expectations in the first quarter of 2022 but its share price is nevertheless sliding.

The city has obtained approval for cutting open space requirements so that Intel can construct more fabs, though there is no certainty that Intel will do so.

Riverside has developed an audio and video recording service in the broadcast media, entertainment and tech spaces.

Insurance group Migdal has participated in the acquisition of CyrusOne, its first equity investment in the field.

Israeli spyware companies are struggling to survive as the Ministry of Defense grants fewer export permits following US pressure.

Set-up costs are soaring, and conditions at the multinationals are just too good.