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Oracle is expanding layoffs but its new CFO says “don’t do more with less”

WeSure’s NIS 1 billion Altshuler Shaham deal reshapes Israel’s investment industry

Nofar Energy to invest €103 million in battery storage for two Romanian solar projects

El Al to resume direct flights to Marrakech after two-year hiatus

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Buildots raises $130 million at nearly $1 billion valuation as AI boom drives data center construction

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Oracle’s AI transformation gets more expensive as layoffs continue

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OpenAI acquires Israeli-founded camera startup Glass Imaging for over $300 million

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How an Israeli engineer went from Rafael to iPhone Portrait Mode and a $300 million OpenAI exit

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Oracle begins another round of layoffs as $2.8 billion restructuring plan expands

Unit

4 stories about Unit

דורון סומך ו איתי דמתי מייסדי Unit

Fintech unicorn Unit lays off 15% of workforce

19.06.24|Viki Auslender

“For now, we need to focus on efficiency and account for slower than expected revenue growth,” wrote the founders of the startup, which raised $100 million in a Series C round at a $1.2 billion valuation in May 2022. Around 25 employees are estimated to be affected by the cutbacks

Unit raises $100 million Series C at $1.2 billion valuation for banking-as-a-service platform

17.05.22|Meir Orbach

The Israeli startup helps accelerate time to market and enables companies to launch bank accounts, cards, payment, and lending products in weeks

דורון סומך ו איתי דמתי מייסדי Unit

Banking-as-a-Service startup Unit announces $51 million Series B led by Accel

17.06.21|Meir Orbach

Israeli startup launches Unit Go to allow companies and fintechs to build banking products in minutes

Ornit Shinar Shahar Friedman Yael Waisbourd Sucary

Citi, Israel Discount Bank, and Visa announce Israel’s most promising Fintech startups for 2021

One year into Covid-19, Citi, Israel Discount Bank and Visa, published the list of startups they are most excited about