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15 September 2021

Pagaya founders Photo: Roy Perry Fintech co Pagaya announces $8.5b valuation SPAC deal

The Israeli company, which has developed an AI platform for analyzing credit applications, will receive $288 million from EJF Acquisition Corp's cash in trust plus $200 million in PIPE financing.

Israeli receives third Covid booster vaccination Photo: Amir Cohen, Reuters Israel and EU reach reciprocal Covid passport agreement

Joining the EU's digital Covid certificate program will ease travel between Israel and the EU and could renew incoming tourism.

15/09/2021 16:25 Healthcare Danny Zaken
Fintech Photo: Shutterstock Health incentive life insurance co Sproutt raises $26m

The Israeli company has developed a predictive life insurance that rewards healthy behavior.

Pagaya founders Photo: Roy Perry Israeli fintech co Pagaya set for $9b SPAC deal - report

Pagaya, which has developed an AI platform for analyzing credit applications, is to merge with EJF Acquisition, "The Wall Street Journal" reports.

15/09/2021 09:32 Start ups Globes correspondent

14 September 2021

CPI up 0.3% in August, housing prices up 1.3%

The Consumer Price Index has risen 2.3% since the start of 2021, while housing prices have risen 8% over the past year.

14/09/2021 18:51 Real estate Guy Ben Simon
Mizrahi Tefahot sells properties to Mivne for NIS 530m

Most of the assets were formerly branches of Union Bank, with which Mizrahi Tefahot merged last year.

Israeli payments platform Melio raises $250m at $4b valuation

The Israeli B2B platform for small businesses has tripled its valuation since its last financing round in January.

14/09/2021 15:00 Start ups Globes correspondent
Israeli AI construction optimization co Versatile raises $80m

Since its 2019 launch, CraneView has been adopted by over 40% of the leading general contractors in North America.

Israelis had smaller and fewer overdrafts in August

In August 2021 the average overdraft for an Israeli family was NIS 11,216, 2.3% smaller than in July.

14/09/2021 13:00 Economy Eti Aflalo
ISA probing Tzrifin logistics park sale

Losing bidders in the auction have alleged possible conflicts of interest on the part of directors of the pension fund selling the site.

14/09/2021 12:33 Real estate Omri Cohen
Leumi sees shekel appreciating rapidly

Bank Leumi strategist Kobi Levi: The basic conditions of the Israeli economy clearly point to a strengthening of the shekel.

14/09/2021 11:23 Economy Globes correspondent
Bennett, Al-Sisi discuss deepening cooperation

Prime Minister Naftali Bennett described his meeting with Egypt's President Abdel Fatah Al-Sisi as "very important and very good."

14/09/2021 10:52 Economy Danny Zaken
Bnei Zion residents petition court against Google data center

Residents say the Hof HaSharon Regional Council did not consider environmental and health issues when granting approval.

14/09/2021 07:20 Real estate Assaf Gilead

13 September 2021

Siris Capital in talks to buy Radware for $1.7b - report

The US private equity firm is negotiating to acquire the veteran Tel Aviv-based cybersecurity company, CNBC reports.

Kape buys VPN provider ExpressVPN for $936m

The Israeli cybersecurity company says the acquisition will help it define the next generation of privacy and security protection tools and services.

Rafael's Drone Dome secured G7 UK summit

The Israeli company's protection system locates, identifies and neutralizes threats from drones and UAVs with hard kill and soft kill capabilities.

13/09/2021 18:06 Aerospace & defense Danny Zaken
Israel's fiscal deficit narrows to 8%

The cumulative fiscal deficit in Israel for the twelve months to the end of August 2021 narrowed to 8% of GDP, or NIS 116.9 billion, down from 9.2% at the end of July.

13/09/2021 17:12 Economy Guy Ben Simon
Israel's Planck teams with Japanese insurance giant Sompo

Planck’s AI-based platform gathers publicly available data about businesses and applies machine learning to generate insights, allowing insurance companies to more accurately assess risks.

JFrog buys Israeli remote device management co Upswift

Upswift has developed a management platform for remote updates of IoT devices by developers is led by two 27 year-olds.

David Ezra amasses NIS 700m from Neto in three years

In his most recent deal, Ezra, who remains in control of Neto ME Holdings, sold a further stake at double the market price.

13/09/2021 15:26 Market Aviv Levy
Bat Yam most popular as new home sales hit all-time high

15,220 new homes were purchased between May and July 2021, an unprecedented quarterly figure, the Central Bureau of Statistics reports.

13/09/2021 14:59 Real estate Arik Mirovsky
Elbit Systems wins unmanned anti-submarine vessels deal

The Israeli defense electronics company has won contracts worth $56 million to deliver the vessels to an Asian-Pacific country.

13/09/2021 14:20 Aerospace & defense Danny Zaken
BitSight buys Israeli cyber risk assessment co VisibleRisk

VisibleRisk was founded in 2019 as a collaboration between Israel venture group Team8 and Moody's, who have invested $30 million in the company to date.

13/09/2021 13:54 Mergers & acquisitions Ofir Dor
IAI launches Rex Mk II autonomous combat vehicle

The Rex Mk II is capable of dealing with especially difficult terrain, and is equipped with movement-detecting radar systems and smart cameras.

13/09/2021 12:35 Aerospace & defense Danny Zaken
Israeli sleep diagnostics co Itamar Medical sold for $538m

The buyer, ZOLL Medical, is paying a 50% premium over Itamar Medical's share price before the announcement.

13/09/2021 10:21 Healthcare Globes correspondent
Umm al-Fahm to gain 15,000 homes

The project, which will cost some NIS 800 million, is part of the first ever roof agreement applying to an Israel Arab town.

13/09/2021 09:56 Real estate Guy Nardi

12 September 2021

Keshet Media Group closes $65m VC fund

Stardom Ventures will invest in startups with a connection to the media industry.

12/09/2021 19:07 Start ups Ofir Dor
Israel Aerospace IPO postponed until 2022

The TASE offering has been slowed down by its complexity. The offering requires various regulatory approvals, among other things because of its security sensitivities.

12/09/2021 18:26 Aerospace & defense Aviv Levy
Elbit Systems unveils AI-powered assault rifle

The innovative system transforms assault rifles into digital networked combat machines.

Check Point uncovers Israeli group selling fake Covid tests

Check Point has reported to Israel Police a Telegram group selling fake negative tests to pilgrims returning from Uman.

12/09/2021 15:02 Healthcare Assaf Gilead
Barak family to become partner in WeSure, Ayalon for NIS 270m

The family's Caesarea Medical Eelctronics is buying part of Wesure Global Tech's stake in Ayalon Holdings, and will invest in Wesure itself.

Court dismisses petition against Sde Dov long term rental homes

These apartments will be expropriated from the landowners and registered to the Tel Aviv Municipality at the landowners' expense.

12/09/2021 14:03 Real estate Arik Mirovsky
Apartments sold and rented

A selection of recent real estate deals in Israel including in Ramat Gan, Holon, Rishon Lezion, Lod, Modi'in, Ashdod, Kiryat Motzkin and Ma'alot.

Indian military inaugurates use of IAI's missile defense system

The Indian Armed Forces has inaugurated the integration and operational use of Israel Aerospace Industries (IAI) Barak 8 MRSAM Air & Missile Defense System.

12/09/2021 13:13 Aerospace & defense Danny Zaken
Court denies Teva's motion to dismiss Copaxone kickbacks case

The District Court in Boston Massachusetts ruled that Teva must face claims under the False Claims Act of defrauding Medicare.

12/09/2021 10:48 Healthcare Globes correspondent

11 September 2021

Papaya Global raises $250m at $3.7b valuation

The Israeli payroll platform for cross-border employee salary management has tripled its valuation in the past six months.

11/09/2021 21:25 Financial services Ofir Dor

09 September 2021

New affordable housing program gives priority to locals

The Israel Land Council has approved Minister of Construction and Housing Zeev Elkin's "Target Price 2.1" program.

09/09/2021 20:33 Real estate Guy Nardi
Weebit Nano teams with Skywater

The companies have announced an agreement to take Weebit’s Resistive RAM memory technology to volume production.

09/09/2021 17:56 IT Globes correspondent
Shopify invests $30m in Israeli startup Yotpo

The investment is part of a strategic investment between Yotpo and Shopify, "to develop innovative marketing solutions that help brands deepen customer relationships."

09/09/2021 16:09 Start ups Ofir Dor
Treasury offers El Al $50m aid

The aid is contingent on the Israeli airline selling aircraft and part of its frequent flyers club and an owner's loan.

09/09/2021 15:44 Tourism Michal Raz-Chaimovitz
Time Out ranks Tel Aviv world's most fun city

In a survey of 27,000 people, Tel Aviv was ranked the world's eighth best city and the second best for food and drink.

09/09/2021 15:02 Economy Haya Engel
SentinelOne reports strong results and Q3 guidance

The Israeli cybersecurity company's CEO Tomer Weingarten said, "Our IPO was a significant milestone and is only the beginning of the opportunity in front of us."

09/09/2021 13:25 IT Shiri Habib-Valdhorn
888 buys William Hill bookmakers for $3b

888 said that the acquisition would create a global gambling giant would allow £100 million savings in annual expenses.

Cybersecurity co Snyk raises $300m at $8.5b valuation

In addition to the new capital raised, investors will pay $230 million to buy existing shares in the Israeli-founded cloud native application security company.

09/09/2021 11:15 Start ups Ofir Dor
Israeli startup Quantum Machines raises $50m

The Tel Aviv-based company has launched the Quantum Orchestration Platform, and a programming language called QUA, which enables research groups to write algorithms that can be run on any quantum computer in the world of any kind.

09/09/2021 07:35 Start ups Globes correspondent
Global-e files for $857m secondary offering

The Petah Tikva based e-commerce platform's shareholders are taking advantage of the share price's 186% rise since its IPO in May.

09/09/2021 07:16 IT Shiri Habib-Valdhorn

08 September 2021

Perrigo acquires HRA Pharma for $2.1b

HRA is a fast-growing OTC company, with three category-leading self-care brands in blister care, women's health, and scar care.

08/09/2021 22:03 Healthcare Globes correspondent
Mobileye to launch driverless taxis in 2022

Mobileye announced that electric autonomous vehicles will operate under the MoovitAV brand for taxi services in Tel Aviv and Munich.

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