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24/7
Headlines
11:27
A month after Arora said Israel dominates AI-agent security, Palo Alto is in talks to buy two of its startups
10:59
The new CFO: From reporting the past to shaping the future
10:50
The shadow of Steve Jobs: What Elizabeth Holmes reveals about Silicon Valley’s favorite myth
10:26
What happens to brands when AI helps consumers choose?
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1
Palo Alto Networks in talks to acquire Israeli startup Clutch Security for $500 million
2
Google expands buyouts while Wiz acquisition helps lift headcount to record levels
3
ServiceNow lays off more employees as its shares fall 35% in under two weeks
4
Qualcomm's restructuring costs surge to $332 million amid workforce overhaul
5
ServiceNow's board approves $127 million in retention awards as it cuts jobs
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Meir Orbach
20 stories about Meir Orbach
Bank Leumi CIO: "Fintech does not disrupt banking, but complements it"
06.03.24
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Meir Orbach
"Large organizations are learning how to deal with the introduction of AI,” Bank Leumi CIO Eyal Efrat said at Calcalist and Bank Leumi’s Mind the Tech conference in New York. Stephen Chase, Vice Chair, AI & Digital Innovation, at KPMG added, “There are many companies that need help and AI technologies that are still not ready to be integrated."
CrowdStrike acquiring cyber startup Flow Security in $200 million deal
06.03.24
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Meir Orbach
Founded in 2021, the Israeli startup, which develops a cloud data runtime security solution, has raised just $13 million to date
"Companies must arrive ready for an IPO"
05.03.24
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Meir Orbach
Ira Robbins, CEO of Valley Bank, and Cassandra Seier, Head of International Capital Markets of the New York Stock Exchange, spoke at Calcalist and Bank Leumi’s Mind the Tech conference in New York. "It takes 18 months to issue from the moment a company chooses to go public. If you exit too soon, it will be felt on the stock price and the response to it," they said.
Team8 raises $500 million in new funds, taking AUM to over $1 billion
05.03.24
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Meir Orbach
Ten years since its inception, Team8 has achieved close to $2 billion in exits
Verbit cutting dozens of jobs in third round of layoffs
05.03.24
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Meir Orbach
The move comes one month after company President Yair Amsterdam was named Acting CEO, replacing long-time CEO Tom Livne
Deel acquiring PaySpace for $100 million, ARR already over $500 million
05.03.24
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Meir Orbach
In under five years, the company has grown to 3,000 team members in more than 100 countries. Deel noted it has been EBITDA positive and generating cash for a year and a half
El Al CEO: "We're waiting for foreign airlines to return to Israel because we can't meet all the demand"
04.03.24
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Meir Orbach
At Calcalist and Bank Leumi’s Mind the Tech conference in New York, El Al CEO Dina Ben Tal Ganancia spoke about the way the company dealt with the withdrawal of foreign airlines from Israel following the war: "We routinely received 6,000 calls a day, and now the numbers are 60,000 calls a day."
Next October: resilience, entrepreneurship and optimism
04.03.24
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Meir Orbach
Izhar Shay and his son Ophir spoke at Calcalist and Bank Leumi’s Mind the Tech conference in New York about the "Next October" project that was established to commemorate his son Yaron, who fell on October 7th in the defense of Kibbutz Kerem Shalom
Healthee secures $32 million Series A for employee healthcare platform
04.03.24
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Meir Orbach
The startup's platform offers individualized, immediate, and straightforward responses to inquiries about coverage, treatment, and benefits, as well as complete assistance throughout the Open Enrollment process
Fintech unicorn Melio laying off 7% of workforce
04.03.24
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Meir Orbach
This is the second round of layoffs at the startup. The vast majority of the people being let go are based in Israel, with the company summoning about 40 employees from the local branch to a hearing on Monday
U.S. giant Workday acquiring HiredScore for hundreds of millions of dollars
27.02.24
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Meir Orbach
The enterprise cloud applications company, which has a market cap of around $79 billion, will utilize HiredScore’s AI-powered talent orchestration solutions to enable companies to use data-driven insights to improve recruiting and talent mobility processes
Exodigo adds $105 million in new funding to modernize underground mapping
27.02.24
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Meir Orbach
Combining multiple types of powerful sensors, 3D imaging, cloud computing simulations and a proprietary AI platform, the Israeli startup fuses massive amounts of data into one map so companies can see risks and assets underground
Japanese investments in Israel dropped 57% in 2023
25.02.24
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Meir Orbach
Investments by Japanese companies in Israel returned to 2018 levels, even though the number of transactions remained stable
Teva has sights on $12.2 billion Humira market after receiving FDA approval for arthritis injection
25.02.24
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Meir Orbach
The Israeli pharma company and Iceland’s Alvotech announced that the SIMLANDI injection has been approved as an interchangeable biosimilar to Humira for the treatment of adult rheumatoid arthritis, juvenile idiopathic arthritis, adult psoriatic arthritis, adult ankylosing spondylitis, Crohn’s disease, adult ulcerative colitis, adult plaque psoriasis, adult hidradenitis suppurativa and adult uveitis
"AI has become an overarching catalyst unlocking multiple vectors of growth," says NICE CEO after company beats forecasts
22.02.24
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Meir Orbach
In the fourth quarter, the Israeli software company recorded 10% growth in revenue to $623 million, along with a profit of $2.36 per share, above market expectations. The cloud activity generated revenues of $429 million
Faddom raises $8 million Series A for IT operations platform
21.02.24
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Meir Orbach
The Israeli startup’s platform discovers, visualizes, and protects a company’s entire hybrid IT infrastructure – whether on-premise, virtual, in the cloud, or a hybrid combination of them – in as little as 60 minutes
Loora lands $12 million Series A for generative AI English learning platform
21.02.24
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Meir Orbach
The Israeli startup provides English language learners with an app-based platform that harnesses AI specifically built, trained, and optimized for gaining practical fluency through personalized learning
BRIA raises $24 million Series A for ‘ethical’ visual generative AI platform
21.02.24
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Meir Orbach
The Israeli startup collaborates with many of the world’s leading stock image providers and manages over one billion licensed images. These images are used to train BRIA’s text-to-image foundation models while ensuring the original creators, artists, and media companies receive royalties to fairly compensate for their images’ contribution to the final generated output
Court overturns Vesttoo's seizure request against founders and execs
20.02.24
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Meir Orbach
District Court in Tel Aviv rules in favor of co-founders Yaniv Bertele and Alon Lifshitz, dismissing seizure bid
Personetics names Udi Ziv as new CEO
20.02.24
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Meir Orbach
Ziv, former CEO of Kissterra, Earnix and Pontis, is taking over from co-founder David Sosna
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