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The ReWalk in action (Courtesy)
Israel’s ReWalk snaps up AlterG for $19 million in profitability push
By Sharon Wrobel
Firm hopes acquisition will help boost access and sales of robotic exoskeleton systems to clinics and hospitals, especially in the US market
Check Point Software's founder Gil Shwed speaking at CyberTech 2017. (Courtesy, Gilad Kavalerchik)
Check Point scoops up Tel Aviv cyber startup in $490m deal to protect remote workers
By Sharon Wrobel
Deal comes after Perimeter 81 was valued at $1 billion in June 2022; founded in 2018, the startup develops network cybersecurity solutions for hybrid workplaces
Airwallex (courtesy)
Promoted Content
One-click currency exchange makes it easier to invest via OurCrowd
Jerusalem-based venture investing platform teams up with Australia’s Airwallex to ease payments in local currencies
Israeli startup Wint develops water leakage detection technology operated by an intelligence data system. (Courtesy)
Israeli smart water leak detection startup raises $35 million from funding round
By Sharon Wrobel
Wint develops a water meter using machine learning to detect and stop leaks before they cause major damage; funding co-led by US VC Insight Partners and European climate tech fund
A stock market ticker screen in the empty lobby of the Tel Aviv Stock Exchange, on March 15, 2020. (Flash90/File)
Negative sentiment over judicial impact drives market underperformance, TASE warns
By Sharon Wrobel
Stock exchange head blames political uncertainty for downward investment trends; Israeli public pulls NIS 21.5b from funds tracking local stocks and bonds
Finance Minister Bezalel Smotrich leads a Knesset faction meeting of his far-right Religious Zionism party, July 10, 2023. (Chaim Goldberg/Flash90)
Fiscal deficit swells to 1% as tax income drops and government expenditure grows
By Sharon Wrobel
An illustrative photo of a hacking concept. (Sergey Shulgin on iStock via Getty Images)
Israel-based Laminar gets snapped up by Microsoft-backed cybersecurity firm Rubrik
By Sharon Wrobel
Laminar’s visibility and security tools will be integrated into Rubrik’s software solutions to help businesses protect against cloud-based breaches
Team at Tel Aviv-based venture capital fund Symbol. (Courtesy)
Israeli venture capital fund Symbol closes $50 million debut fund
By Sharon Wrobel
Fund invests in ‘pre-consensus’ Israeli-founded entrepreneurs pitching ideas outside the tech spotlight; founder shares investor concerns about domestic political uncertainty
UK-based fintech Paysend partners with Israeli-Swiss fintech firm Okoora to serve local market. (Courtesy)
UK’s Paysend partners with Israeli fintech Okoora to expand in local market
By Sharon Wrobel
Using Okoora’s currency management platform, Paysend seeks to tap into growing market for cross-border transactions, as Israelis are increasingly transferring funds abroad
An anti-overhaul protest in Tel Aviv on July 29, 2023. (Amir Goldstein)
London hedge funds wary of overhaul impact on Israel’s risk premium, credit ratings
By Sharon Wrobel
In meetings in London with Bank Hapoalim, one of Israel’s largest lenders, some asset managers say they expect a downgrade of Israel’s outlook by credit rating agencies
A Citibank office is seen in New York on January 13, 2021. (AP Photo/Mark Lennihan, File)
Citi lowers Israeli growth forecast, citing ‘recent turmoil’ over judicial overhaul
By ToI Staff
Incoming Israel Securities Authority chairman Yosef (Seffy) Zinger. (Courtesy)
Seffy Zinger approved as new head of Israel Securities Authority
By Sharon Wrobel
Zinger, a partner at law firm Herzog Fox & Neeman, confirmed as chairman of regulatory authority
The Amazon logo in Santa Monica, California, September 6, 2012. (Reed Saxon/AP)
Amazon to invest $7.2b in Israel as it rolls out local cloud data region
By Sharon Wrobel
US online tech giant launches AWS Israel region with cloud data centers in the country; investment is estimated to add about $13.9 billion to Israel’s GDP through 2037
Bank of Israel main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/Flash90)
Bank of Israel sees increased risk to economy due to judicial overhaul uncertainty
By Sharon Wrobel
In report on domestic financial stability, central bank says Israel’s financial system ‘remains stable’ but raises the level of risk, citing overhaul impact
Tech workers march in Tel Aviv to protest against the government's planned overhaul of the judicial system, January 31, 2023. (Tomer Neuberg/Flash90)
Private funding for Israeli tech startups slumps to 5-year low, data report shows
By Sharon Wrobel
Tech workers protest Israel's right-wing government in Tel Aviv, on Januay 24, 2023. The Hebrew on the blue sign reads: 'No democracy, no high tech; and the yellow sign reads: "No to the coup d'etat.' (AP/ Maya Alleruzzo)
Israel approves tax benefits to boost tech, as judicial jitters imperil investments
By Sharon Wrobel
A DALL-E illustration created by Shoshanna Solomon: A futuristic cyborg riding a wave in the middle of the sea with an Israeli flag in the background.
As AI rides global wave, troubled Israel risks missing the splash
By Shoshanna Solomon
If judicial overhaul turmoil prevents Israel from being part of AI revolution, ‘we will weep for generations;’ argues expert who led task force on national cybersecurity policy
A facility outfitted with SolarEdge's technology. Illustrative. (Screenshot/YouTube)
Israel-based SolarEdge inks joint renewable energy venture with Saudi conglomerate
By Sharon Wrobel
Israeli-founded smart energy tech firm to work with Riyadh group to deploy solar energy in the kingdom, in one of the first known public pacts between the two countries
Zooz Power's booster for electric vehicles can fully recharge batteries within 15 minutes. (Courtesy)
Israeli fast-charging startup Zooz Power to list on Nasdaq via SPAC merger
By Sharon Wrobel
The startup has developed a flywheel-based system that charges electric vehicles within 15 minutes, leading to a deal valued at $100 million
Voia, a startup co-founded by Israeli entprereneurs, has developed an app to create videos with Hollywood quality visual effects. (Courtesy)
Hollywood-quality video tech startup secures $3m in early stage financing
By Sharon Wrobel
Voia’s app harnesses advanced AI capabilities to enable video creators to produce visual effects with Hollywood quality
The headquarters of US financial company Standard and Poor's (S&P) in lower Manhattan, New York, May 2014. (mixmotive via iStock by Getty Images)
Credit rating agency S&P warns lack of overhaul consensus imperils Israeli economy
By Sharon Wrobel
Report says ‘domestic political polarization’ to remain high amid uncertainty over the advancement of other parts of the government’s ‘controversial’ package
The new Twitter logo rebranded as X, is pictured in Paris on July 24, 2023. Twitter launched its new logo on July 24, 2023, replacing the blue bird with a white X on a black background, as the Elon Musk-owned company moves toward rebranding as X. (Alain Jocard/AFP)
Musk’s X Corp sues Israel’s Bright Data for scraping data
By Sharon Wrobel
X Corp., formerly known as Twitter, alleges that the Israel-based web data collection firm scrapes and sells content and user data pulled from the social media platform
Israel’s Aleph Farms gears up to sell first cultivated beef cuts in Europe
By Sharon Wrobel
Israel’s Aleph Farms Ltd., a startup that grows meat cuts directly from cattle cells, is gearing up to become the first to sell cultivated beef steaks in Europe. The Rehovot-based maker of cultivated meat this week initiated the regulatory process to sell Black Angus-style thin cultivated cuts in Switzerland, a country where grazing... Continue Reading
Aleph Farms' cultivated thin-cut steak. (Courtesy)
Stock quotes seen outside the Tel Aviv Stock Exchange on August 26, 2015. (Miriam Alster/FLASH90)
Moody’s ‘wake-up call’: Tel Aviv Stock Exchange head warns of looming financial crisis
By Sharon Wrobel
In direct appeal, TASE CEO Ittai Ben-Zeev urges prime minister and finance minister not to dismiss credit-rating agency’s warnings and seek to regain trust to avert a downgrade
A protester stands in front of a police water cannon being used to disperse demonstrators blocking a road during a protest against moves by Prime Minister Benjamin Netanyahu's government to overhaul the judicial system, in Jerusalem, July 24, 2023. (AP/Ariel Schalit)
Moody’s after overhaul law: Israel faces negative economic fallout, significant risk
By Sharon Wrobel
Tech workers march in Tel Aviv to protest against the government's planned overhaul of the judicial system, January 31, 2023. (Tomer Neuberg/Flash90)
Almost 70% of Israeli startups act to shift funds, relocate due to judicial shakeup
By Sharon Wrobel
File: High-tech development centers in Herzliya, October 30, 2020 (Gili Yaari/Flash90)
August 17, 2023, 6:19 am
Around 80% of new Israeli startups said electing to incorporate in the US
Various entrepreneurs tell Reuters the move is a result both of economic advantages in America as well as local uncertainty caused by the judicial overhaul
By ToI Staff
Intel Corp.'s R&D center in Haifa. (Courtesy)
August 16, 2023, 1:57 pm
Intel backs out of $5.4 billion deal to buy Israeli firm Tower Semiconductor
Chip giant to pay $353 million to terminate acquisition after reportedly failing to receive okay from Chinese regulators as demanded by contract
By ToI Staff and Sharon Wrobel
The ReWalk in action (Courtesy)
August 13, 2023, 6:14 pm
Israel’s ReWalk snaps up AlterG for $19 million in profitability push
Firm hopes acquisition will help boost access and sales of robotic exoskeleton systems to clinics and hospitals, especially in the US market
By Sharon Wrobel
Check Point Software's founder Gil Shwed speaking at CyberTech 2017. (Courtesy, Gilad Kavalerchik)
August 10, 2023, 9:04 pm
Check Point scoops up Tel Aviv cyber startup in $490m deal to protect remote workers
Deal comes after Perimeter 81 was valued at $1 billion in June 2022; founded in 2018, the startup develops network cybersecurity solutions for hybrid workplaces
By Sharon Wrobel
Israeli startup Wint develops water leakage detection technology operated by an intelligence data system. (Courtesy)
August 10, 2023, 6:12 pm
Israeli smart water leak detection startup raises $35 million from funding round
Wint develops a water meter using machine learning to detect and stop leaks before they cause major damage; funding co-led by US VC Insight Partners and European climate tech fund
By Sharon Wrobel
PROMOTED CONTENT
Airwallex (courtesy)
August 10, 2023, 9:40 am
One-click currency exchange makes it easier to invest via OurCrowd
Jerusalem-based venture investing platform teams up with Australia’s Airwallex to ease payments in local currencies
By Matthew Kalman
A stock market ticker screen in the empty lobby of the Tel Aviv Stock Exchange, on March 15, 2020. (Flash90/File)
August 9, 2023, 10:32 pm
Negative sentiment over judicial impact drives market underperformance, TASE warns
Stock exchange head blames political uncertainty for downward investment trends; Israeli public pulls NIS 21.5b from funds tracking local stocks and bonds
By Sharon Wrobel
An illustrative photo of a hacking concept. (Sergey Shulgin on iStock via Getty Images)
August 9, 2023, 6:38 pm
Israel-based Laminar gets snapped up by Microsoft-backed cybersecurity firm Rubrik
Laminar’s visibility and security tools will be integrated into Rubrik’s software solutions to help businesses protect against cloud-based breaches
By Sharon Wrobel
The WeWork logo is displayed outside of an office space rental location in Santa Monica, California on March 20, 2023.(Photo by Patrick T. Fallon / AFP)
August 9, 2023, 6:33 am
WeWork warns it might go out of business
Citing financial losses, cash needs, and a drop in memberships, embattled office-sharing firm tells SEC ‘substantial doubt exists about the company’s ability to continue’
By AFP
Team at Tel Aviv-based venture capital fund Symbol. (Courtesy)
August 8, 2023, 7:15 pm
Israeli venture capital fund Symbol closes $50 million debut fund
Fund invests in ‘pre-consensus’ Israeli-founded entrepreneurs pitching ideas outside the tech spotlight; founder shares investor concerns about domestic political uncertainty
By Sharon Wrobel
PROMOTED CONTENT
Prof. Noam Lemelshtrich Latar Head of Innovation Center Reichman University Chair of Daniel Pearl International Journalism Institute (DPIJI) Chair of the Asper Institute for New Media Diplomacy Former Founding Dean of Sammy Ofer School of Communications, Reichman University, Herzliya Photo by: Gabi Dagon
August 8, 2023, 3:31 pm
Synthetic biology and artificial intelligence are set to change all aspects of our lives
By Tamar Shachaf Schneider
UK-based fintech Paysend partners with Israeli-Swiss fintech firm Okoora to serve local market. (Courtesy)
August 7, 2023, 11:12 pm
UK’s Paysend partners with Israeli fintech Okoora to expand in local market
Using Okoora’s currency management platform, Paysend seeks to tap into growing market for cross-border transactions, as Israelis are increasingly transferring funds abroad
By Sharon Wrobel
An anti-overhaul protest in Tel Aviv on July 29, 2023. (Amir Goldstein)
August 6, 2023, 9:19 pm
London hedge funds wary of overhaul impact on Israel’s risk premium, credit ratings
In meetings in London with Bank Hapoalim, one of Israel’s largest lenders, some asset managers say they expect a downgrade of Israel’s outlook by credit rating agencies
By Sharon Wrobel
Incoming Israel Securities Authority chairman Yosef (Seffy) Zinger. (Courtesy)
August 6, 2023, 6:03 pm
Seffy Zinger approved as new head of Israel Securities Authority
Zinger, a partner at law firm Herzog Fox & Neeman, confirmed as chairman of regulatory authority
By Sharon Wrobel
The Amazon logo in Santa Monica, California, September 6, 2012. (Reed Saxon/AP)
August 3, 2023, 5:10 pm
Amazon to invest $7.2b in Israel as it rolls out local cloud data region
US online tech giant launches AWS Israel region with cloud data centers in the country; investment is estimated to add about $13.9 billion to Israel’s GDP through 2037
By Sharon Wrobel
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