5 stories for “Israeli startup”
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.
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 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 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.
