IT
Israeli AI efficiency co PointFive raises $60m
PointFive has developed a platform that identifies root-cause waste across cloud infrastructure, data platforms, and AI workloads, then routes automated recommendations to engineers to fix the situation.
Hailo lays off 50% of workforce
Delek Automotive Systems has announced it will write off most of its investment, which was worth NIS 197 million at the end of March 2026, in financially-troubled Hailo.
LivePerson to delist from TASE
At its peak the SaaS digital messaging and chat company had a market cap of $4.7 billion but today its market cap is just $26 million.
Tech layoffs are not all because of AI
34,454 tech employees lost their jobs over the past month in Israel. Companies are blaming AI and the strength of the shekel against the weakening US dollar, but that’s not the full picture.
Wix CEO blames strong shekel for layoffs
In confirming that the company is laying off 20% of employees, Avishai Abrahami wrote, “A very meaningful portion of our costs are shekel-denominated, while our revenue is largely dollar-denominated.”
Israeli 3D printing co Stratasys buys MarkForged
MarkForged, which provides end-to-end Fused Filament Fabrication (FFF) solutions, had revenue of $70 million in 2025, although one of its production lines will remain owned by Nano Dimension.
Surviving the software storm
At 42, rich in both experience and financial terms, after 20 years at the helm, Similarweb founder and CEO Or Offer is stepping down, leaving a company that is performing strongly despite losing 80% of its market cap.
Wix plans 800-1,000 layoffs
Sources inform "Globes" that Wix, beset by technological changes and financial pressures, is readying for the biggest downsizing in its history.
Following in the footsteps of Wiz
“Globes” profiles Zenity cofounder and CEO Ben Kliger, who worked under Wiz founders Assaf Rappaport and Yinon Costica at Microsoft and aims to build a cybersecurity company as successful as Wiz.
How AI can save employees 5-20 hours work per week
Natural Intelligence CTO Lior Schachter opened the company’s doors to Prof. Lior Zalmanson, Head of the AI Lab at Tel Aviv University to monitor the process of integrating AI into the company. The impact was surprising.