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The rise and fall of StreamElements
“Globes” charts the demise of Israeli influencer sponsorship platform StreamElements, which raised $115 million during the Covid pandemic but has now sold its assets for a small fraction of this sum.
Amnon Shashua doubles down on doubleAI
Sources familiar with Shashua’s plans say he has stepped down as Mobileye CEO, not to slow down, but to focus his efforts on doubleAI, with an ambitious vision that could even surpass the achievements of Mobileye.
As AI hits software sector, defense-tech flourishes
A report by Israeli recruiting firm GotFriends finds that while software firms are adjusting to AI with layoffs, defense-tech job vacancies are up 20% while salaries are comparable with other tech sectors.
Cyera acquires Oasis Security for $1b
After the all-Israeli deal is completed, Oasis will become an independent unit within Cyera and will continue to operate in the field of securing non-human identities.
Cisco investing in, not acquiring Zafran Security
Cisco: We are excited to invest in Zafran to create a more unified, intelligence-driven security ecosystem that empowers our customers to better discover vulnerabilities and reduce risks in their infrastructure.
WSC Sports to lay off over 60 employees
The Israeli company, which provides systems for automatically creating short highlight clips of matches and distributing them to social media, will dismiss 10% of employees.
NeuroAI diagnostic co Hemispheric raises $52m
The Israeli company’s AI model can analyze brain activity measured by non-invasive means and turn it into quantitative metrics designed to help doctors and researchers make diagnoses.
Startup builds algorithm for hotel room trading
The founders of Mize, acquired by Korea’s Yanolja for $300 million, tell “Globes” how a hotel room - like an option in the financial markets - has an expiration date, a constantly fluctuating price, and can be traded.