Startups Correspondent. Beat: Startups & High-Tech, Funding rounds, founders and the Israeli ecosystem.
After their $32 billion exit to Google, Assaf Rappaport and his partners are negotiating for the franchise at a price far below the previous deal, and have approached Discount Bank about the credit card company.
Boomi acquired Israel's Elementary Data for about $40 million to $45 million, and Rocket Software bought Geniez AI in a deal estimated at up to $100 million. A trend reshaping Israel's exit map.
The Jerusalem-based autonomous driving technology company reports before the New York open. Last quarter revenue was nearly flat, and the company narrowed its annual forecast.
The Israeli solar energy company is cutting about 10% of its workforce despite improved second-quarter results. The reasons: weak demand for residential solar in the US and excess distributor inventory in Europe.
According to Tel Aviv University researchers, emigration from Israel has surged since 2023 and is especially pronounced among engineering and computer science graduates. The Innovation Authority reports the first drop in a decade in R&D employees.
The Israeli fintech company, valued at $8 billion in 2022, is cutting 60 to 70 employees. At the same time it denies an Axios report that Visa is in advanced talks to buy it for just $2.5 billion.
The chip giant is buying the Tel Aviv quantum software company in a cash-and-stock deal, its first major acquisition in four years. Classiq will keep supporting rivals' hardware.
The US hardware startup, valued at $4.5 billion, is buying the Caesarea-based chip company in a cash-and-stock deal. Market estimates put the deal at $150 million to $200 million, and about 40 employees will join the acquirer.
Tel Aviv-based doubleAI unveils Maxwell, a model that optimizes software while it runs. Investors include Lightspeed, Bessemer, Nvidia and Dell, and the business model is a share of the savings.
