Mellanox magic: The secret behind Nvidia’s meteoric trillion-dollar rise. In 2019, the American chip giant purchased Yokneam-based Mellanox for about $7 billion. While success has many fathers, you cannot deny the Israeli contribution to ensuring Nvidia was in the right place and at the right time for the AI revolution. Read more

Monday.com raises revenue forecast, eyeing acquisitions to accelerate growth. The Israeli software company, which now estimates that its total revenue for the year will be between $713 million and $717 million, also plans to increase its workforce by 10% by the end of the year. Read more

White Rock requests Tel Aviv court to freeze all Vesttoo’s Israeli accounts. This comes after Vesttoo had all its assets, including bank accounts, in the U.S. frozen by a New York court last week following a request by White Rock. Read more

In Iowa, support for Israel transcends the drama of national politics. The Hawkeye State is a melting pot of agtech, finance, and political professionals – something Israelis can work with regardless of party affiliation. Read more

Biden tightens screws with China investment restrictions. A presidential order designed to significantly limit China’s technological capabilities is driving away American money after years of investment by funds such as Warburg Pincus and Carlyle. Read more

Cyber chess: Check Point’s $490 million Perimeter 81 deal and market dynamics. Examining the timing and strategic considerations behind the all-Israeli cybersecurity deal. Read more

Bird’s eye view: “Bing AI still makes mistakes but we try to get it down to a minimum.” Dr. Sarah Bird, Responsible AI Leader at Microsoft, has been part of Bing’s AI chat from the beginning. In an in-depth interview, she shares how it’s taught not to be racist, chauvinistic or discriminatory and when it is okay for the model to behave “in a humanlike way and when is it crossing the line.” Read more

Tel Aviv University ranks second on universities’ unicorn founder list. TAU’s ability to produce founders of unicorn companies remains impressive on the global stage – but controversial proposals by the government might affect its future appeal to young talent, says Moshe Zviran, Professor and Chief Entrepreneurship and Innovation Officer at TAU. Read more

The Gen X complex: Seeking meaning for life away from my tech job. Ariel Greisas resigned from a prestigious position in high-tech about a year ago, because he could no longer take it. Since then he has been at home, looking for a purpose in life other than work, oscillating between the need to relax and anxiety for his generation, which was brought up to keep running and not stop even for a moment to catch its breath. Read more

Vesttoo assets frozen by New York court. The beleaguered fintech startup was handed another blow after all its assets, including bank accounts, were frozen at least until next week following a request by reinsurance broker Aon’s White Rock SAC. Read more

Discount unicorn: Check Point pays $490 million for Perimeter 81, one year after being valued at $1 billion. Perimeter 81 develops Security Service Edge (SSE) solutions and Check Point intends to leverage its capabilities to deliver a unified security solution across the network, cloud, and remote users. Read more

WINT announces $35 million Series C for AI-based water management solution. The Israeli startup has developed AI- and IoT-based solutions for managing water and mitigating water damage throughout a building’s lifecycle. Read more

Innoviz raises $65 million on Wall Street at deep discount. The LiDAR developer’s worrying rate of cash burn prompted the decision to raise funds at a 20% discount compared to the stock price on the eve of the announcement. Read more

“Any cybersecurity company failing to leverage AI is obsolete.” “The bar has been raised for both attackers and defenders. No one will ultimately emerge victorious; it will remain a cat-and-mouse game. Education is valuable, but technology is the solution,” says Team8 Chief Innovation Officer Bobi Gilburd. Read more

Vesttoo names Ami Barlev as interim CEO as it continues to grapple with fraud scandal. “We are working around the clock in order to provide solutions for our customers and partners around the world, and we will work intensively to restore the company’s activities,” Barlev said. Read more

Yandex in negotiations to sell Yango Israel. A sale to an Israeli entity would disconnect the company from its association with Russia, making it more competitive against local brands. Read more

Security startup led by former Israeli military cyber chiefs lands $12 million in Seed funding. Sweet Security was founded by retired Brigadier General, Dror Kashti, former CISO of the Israel Defense Forces (IDF), retired Colonel, Eyal Fisher, former head of the Cyber Department at Unit 8200 and Orel Ben-Ishay, former Head of the Cybersecurity R&D center at Unit 81. Read more

Wireless Logic acquiring mobile virtual network operator Webbing for over $200 million. The Israeli company operates in the Internet of Things (IoT) sector, providing a leading-edge connectivity service for global customers across sectors including Enterprise Mobility, Automotive and Logistics. Read more

Dealtale shut down by Vianai one year after being acquired. All 70 employees of the Israeli startup, which was purchased for around $20 million last May, were notified they are being laid off. Read more

Could deploying a massive sunshade help curb Earth’s rising temperatures? From blankets that cover glaciers, to water cannons that create white clouds to reflect the sun’s rays, scientists are investigating innovative solutions to a long-term problem. Read more

Tel Aviv Stock Exchange CEO blames judicial overhaul for poor performance. “The Israeli government must take responsibility and pay attention to the warnings from international bodies,” said Ittai Ben-Zeev. “These warnings have been piling up and indicate significant risks that could damage Israel’s economic strength.” Read more