11 stories for “Israeli high-tech”
According to The Wall Street Journal, the valuation is about $7 billion. According to Calcalist, the price is lower, about $5.5 billion, after Nvidia and Anthropic passed. The company, founded by 8200 veterans, was only founded in 2023.
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.
The valuation of the cloud security company founded by Israeli entrepreneur Amiram Shachar more than doubled in nine months. The round comes days after the disputed report of a Datadog takeover offer.
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 company, formerly called Nagish, with about 32 employees, will train its models on Nvidia's supercomputers. The goal: real-time translation from sign language to text and speech.
The Tel Aviv company, founded by Unit 8200 veterans, develops AI agents that investigate security alerts and filter out false positives. A $28 million Series A was led by Red Dot.
According to The Information, Datadog offered nearly $4 billion for the cloud security company founded by Israeli entrepreneurs, which preferred to raise capital instead. Calcalist reports the offer was never made.
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.
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.
