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Discure CEO Yuval Mandelbaum credit: Discure Bioelectronic implantable device co Discure raises $16m

The Israeli company has developed a device for the treatment of degenerative disc diseaseõ

Quantum Source management credit: Rami Zarniger Photonic quantum computer co Quantum Source raises $50m

Former Prime Minister Naftali Bennett is a member of the Israeli company's board of directors.

Venture capital funds undergoing slowdown credit: Shutterstock, Tali Bogdansky Israeli VC funds undergoing major slowdown

The IVC - Gornitzky - KPMG Investors Report found a dramatic fall in the funds raised and activities of investors in the first half of 2024.

Aviad Ariel  credit: Omer Hacohen Salesforce-Own deal hugely lucrative - for the early birds

"Globes" talks to Aviad Ariel, whose Vertex fund has made a handsome return, about Own's origins and the decision to put its eggs in the Salesforce basket.

Own execs Ariel Berkman, Ori Yankelev and Sam Gutmann credit: Eyal Izhar Salesforce buys Israeli data protection co Own for $1.9b

Own has developed a platform that provides companies with backup to protect against the loss of essential data.

Baku credit: Shutterstock Azerbaijan tax breaks tempt Israeli tech firms to relocate

Azerbaijan is offering major tax incentives to startups that move operations to the country.

Ilya Sutskever credit: Cadya Levy Ilya Sutskever raises $1b for AI co SSI - report

SSI will focus on building a small highly trusted team of researchers and engineers in Palo Alto and Tel Aviv, company executives have told "Reuters."

Raising dollars credit: Shutterstock Israeli startups raised $200m in August

The low amount in August reverses the recent trend of higher amounts being raised by privately-held tech companies in Israel.

Check Point CEO Nadav Zafrir credit: Shlomi Yosef Check Point acquires Israeli co Cyberint for $200m

The threat intelligence and digital protection company has raised an estimated $65 million, thus providing investors with handsome returns.

Avigdor Willenz credit: Intel Serial entrepreneur Avigdor Willenz founds new chip startup

The founders of Habana Labs, sold to Intel for $2 billion, have set up Touch in Tel Aviv to develop AI processors.

Johnson & Johnson credit: PR Johnson & Johnson buys Israeli co V-Wave for up to $1.7b

V-Wave’s shunt is an implantable device designed to decrease elevated left atrial pressure seen in congestive heart failure.

Benny Landa credit: Eyal Izhar Landa’s lab-grown diamonds co LUSIX seeks debt settlement

Benny Landa’s LUSIX wants to reach a debt settlement with its creditors to stabilize the company after lab-grown diamond prices have fallen 90% on world markets.

Chaos Labs founder and CEO Omer Goldberg credit: Sophie Sahara Onchain risk management co Chaos Labs raises $55m

The Israeli company strives to empower decentralized applications with contextualized data to improve risk management, and economic security posture.

Knostic founders Gadi Evron and Sounil Yu credit: Knostic AI access control co Knostic wins Black Hat startup award

Three months ago Israel’s Knostic took first place in the startup competition at the prestigious RSA Launch Pad cybersecurity conference.

Defense startups credit: Tali Bogdanovsky, Xtend, Smartshooter, Colgo Israeli startups provide IDF with tech advantage

“Globes” looks at five of the main startups with which the Ministry of Defense has been collaborating since the outbreak of the war: Smartshooter, Xtend, Regulus, CopterPIX and Robotican.

TipRanks founders Gilad Gat and Uri Gruenbaum   credit: Tal Cohen Prytek buys control of Israel fintech co TipRanks

Singapore-based Prytek is buying 40% of TipRanks at a valuation of $200 million, bringing its total stake to 80%.

Autofleet team  credit: Efrat Mazor Canadian co Element Fleet Management buys Israel's Autofleet

Among Autofleet's customers is Alphabet's automomous taxi company Waymo.

DatTwo app credit: DayTwo Microbiome personalized health co DayTwo shuts down

Ultimately the Israeli company’s platform was not distinct enough from other nutritional menus.

High-tech credit: Shutterstock Tech workers pay a third of all income tax - study

The study by the Chief Economist's Department and the Israel Innovation Authority also finds that non-haredi Jewish males in central Israel are the main taxpayers in the tech sector.

Broken unicorns Illustration: Gil Gibli Israeli exits halved in 2023

Acquisitions and IPOs of Israeli companies fell 50% last year in dollar terms and 36% in the number of deals.

Nvidia offices in Yokneam credit: Nvidia US antitrust probe endangers Nvidia - Run:ai deal - report

The Department of Justice investigation jeopardizes the completion of the $700 million acquisition, “Politico,” and “The Financial Times” report.

Impression of Sderot Innovation Center  credit: Strassburger Ben-Naim Architects Sderot to have own innovation center

The center, next to the Sderot railway station, will house a technology incubator.

Viola Credit partners credit: Arik Sultan Viola Credit closes $600m of $1.5b credit fund

The credit provided to fintech companies is not designed for routine operations but to be available capital to provide credit to customers.

Raising dollars credit: Shutterstock Israeli startups raised over $700m in July

Israeli startups have now raised $5.2 billion in the first seven months of 2024 with the upward trend and recovery in the tech sector in recent months continuing.

Startups credit: Shutterstock Israeli gov’t launches $155m Yozma 2.0 VC fund

In the first stage 18 Israeli institutional entities will receive funding of $155 million for investment in Israeli venture capital funds that invest in Israeli startups.

Seed-stage startups  credit: Shutterstock Seed round valuations on the rise in Israel

Contrary to the global trend, Israeli early-stage tech companies are attracting increasing investment. "Globes" investigates the phenomenon.

Unocuppied workstations  credit: Unsplash Most laid-off tech workers find new jobs quickly - study

The study by RISE Israel finds that the wave of layoffs in 2022-2023 resulted in a movement of workers from large to small, early-stage companies.

Dr. Moshiel Biton Photo: PR GM leads $39m round in smart battery co Addionics

Addionics develops and manufactures 3D Current Collectors, which drive significant car battery manufacturing and performance benefits.

Amnon Shashua credit: Eyal Izhar OrCam to halt developing visual aid devices

The Israeli company, founded by Amnon Shashua and Ziv Aviram, will lay off dozens of employees and focus on development of its digital listening device for the hard of hearing.

Wiz cofounder snd CEO Assaf Rappaport composition Tali Bogdanovsky Regulatory risk thought factor in Wiz deal cancellation

Acquisition deals by technology giants like Google can come under close reglatory scrutiny, sometimes delaying them by years.

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