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24/7
Headlines
12:48
Full list of Israeli high-tech layoffs in 2025
12:44
Unicorn Augury lays off 18% of staff just months after $75M raise
12:11
How ChatGPT pinpointed Iranian missile strikes with just Google and the news
09:33
The less Intel, the better: Intel’s desperation could be Mobileye’s salvation
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1
Intel offers up to 19 salaries to laid-off employees if they don’t fight firings
2
Inside Intel's painful cuts: Who's being let go and why
3
Intel offloads $900 million in Mobileye shares to ease cash crunch
4
Remote work’s dark side: The Soham Parekh story
5
Intel CEO: "The strength, resilience and resolve of Intel Israel's team has no bounds"
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Insurtech
20 stories about Insurtech
The fall of Vesttoo enters criminal phase with Hong Kong arrests
08.06.25
|
CTech
Two former bankers accused of aiding billion-dollar fraud with fake LOCs.
Lemonade reaches $1 billion in premiums as 2025 kicks off strong
06.05.25
|
Sophie Shulman
Israeli insurtech achieves major milestone with solid revenue growth despite challenges from California wildfires.
Munich Re acquiring Next Insurance at $2.6 billion valuation
20.03.25
|
Sophie Shulman
The acquisition will see the digital insurer become part of Munich Re’s ERGO Group, expanding its presence in the U.S. small business insurance market.
Lemonade shares soar after promising Q3 results
31.10.24
|
Sophie Shulman
Insurtech company signals turnaround with strong cash flow and positive revenue forecasts.
After surpassing $110M in annual net revenue, At-Bay appoints Ken Riegler as President
06.08.24
|
CTech
The insurtech unicorn recorded gross insurance premiums of $301 million in 2023
Lemonade shares fall on Q2 results, 2024 forecast
31.07.24
|
Sophie Shulman
The insurtech company showed some positive progress in its latest earnings report, but its shares dropped after missing expectations.
Applied Systems acquires insurtech startup Planck in $300 million deal
23.07.24
|
Meir Orbach
The Israeli company will form the base for the insurance software giant’s AI Development Center in Israel.
Honeycomb raises $36M Series B for landlord insurance platform
07.05.24
|
Meir Orbach
The Israeli startup insures more than $21 billion worth of real estate assets and expects to triple that number in the next 12 months
From $200 million valuation to insolvency: Insurtech startup Sproutt heading for bankruptcy
01.05.24
|
Almog Azar
The Israeli startup raised $38 million since its founding in October 2017, but struggled to generate income and turned to the court due to its inability to pay its debts
Israeli insurtech company Sapiens, valued at nearly $2 billion, eyes sale
06.04.24
|
Reuters
Sapiens started exploring a sale after attracting takeover interest last summer and put its plans on hold after the outbreak of the war between Israel and Hamas. The company revived its efforts to sell itself a few weeks ago
Lemonade's stock crashes on 2024 forecast despite topping estimates
28.02.24
|
Sophie Shulman
The insurtech company's stock plummeted by 25% at the opening of trading on Wall Street following its forecast of doubling marketing expenses and a deceleration in revenue growth
Microsoft looks at Israeli high-tech as its ‘Gas and Oil’ in the Middle East
24.01.24
|
James Spiro
As the company searches for potential growth engines in the region, it partnered with Sapiens as a way to better penetrate the insurtech industry.
Insurtech startup DigitalOwl raises $12 million from insurance giant RGA
09.01.24
|
Meir Orbach
The Israeli startup's platform provides automated reading, summarization, and analysis of medical records for insurance companies and lawyers, providing real-time, highly accurate assistance in their underwriting, claims settlement, and fraud prevention processes
Vesttoo creditors claims reach $4.8 billion, but less than $100 million likely to be recovered
24.12.23
|
CTech
The bankruptcy court in Delaware conditionally sanctioned last week the reorganization plan under Chapter 11 for Vesttoo's bankruptcy, but according to industry website Artemis, it seems likely the creditors will only ultimately receive a miniscule portion of their claims
Fairmatic appoints Boaz Ram as Vice President of Product
19.11.23
|
James Spiro
“His rich experience in managing and launching innovative products will be fundamental in Fairmatic's growth and expansion in the U.S. and other markets," added Founder and CEO Jonathan Matus.
Creditors demand to liquidate Vesttoo and halt any attempt to reorganize the company
24.10.23
|
Meir Orbach
“Vesttoo – viewed as the Madoff of insurance – never operated as a business or as a going concern without revenue from the fraud,” read a statement by the Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case
Court approves seizure of $30 million in assets from Vesttoo co-founders, execs
19.09.23
|
Meir Orbach
The request, submitted by the company and approved by the Tel Aviv District Court, included foreclosures totaling approximately $23 million on the assets of co-founders Yaniv Bertele and Alon Lifshitz, as well as foreclosures totaling $7.2 million on two former executives and a service provider
Vesttoo report claims co-founders “directly involved in creating fake documents and forging identities”
07.09.23
|
Meir Orbach
The insurtech’s board filed its first interim report with the bankruptcy court and confirmed the source of Letter of Credit allegations. "This is a biased and fundamentally flawed investigation, which targeted the company's founders from the beginning," Bertele said
Ousted Vesttoo CEO appoints combative director to fight hostile board
07.09.23
|
Almog Azar
Co-founder Yaniv Bertele, who was officially fired by the board last week, has brought in attorney Ziv Ironi, regarded in Israel as a pioneer in the area of director activism, to fight on his behalf
Vesttoo CEO breaks silence in message to employees: “We were entirely unaware of any document falsification”
04.09.23
|
CTech
“We were targeted, tried, accused, and swiftly condemned even before the investigation commenced,” Yaniv Bertele wrote in a long message sent directly to current and former employees on Monday
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