CTECH: Latest Israeli Innovation & Technology News May 28. 2026
The secretive Israeli defense-tech startup that raised $60 million during wartime. Airis Labs built an AI platform designed to make sense of battlefield chaos. Read more
Elbit acquires Bluewhite as it deepens push into AI robotics. Deal adds AI-powered ground autonomy platform with 100,000 hours of operational use, strengthening Elbit’s efforts to integrate unmanned systems across air and land domains. Read more
Israel’s elite military units built a tech powerhouse. Now the state wants a share. A proposal targeting startup founders with intelligence backgrounds is igniting concerns over government overreach. Read more
Lightricks preparing new layoffs as AI reshapes company structure. Jerusalem-based unicorn expected to cut dozens of jobs amid organizational overhaul. Read more
PayPal plans layoffs in Israel amid wider restructuring effort. Local development center employs hundreds of engineers and data scientists. Read more
Wiz CEO Assaf Rappaport: “AI creates disruption, but also opportunity. That is true for Wix too.” The Wiz founder says the AI revolution will force companies to reinvent themselves, argues Israel is falling behind in artificial intelligence, and calls Google’s $32 billion acquisition of Wiz a major vote of confidence in the country during wartime. Read more
Wix’s historic cuts could become a turning point for Israeli high-tech. The layoffs highlight how AI is beginning to reshape not only software products, but the economics of tech employment itself. Read more
Wix CEO to employees: “I won’t pretend that we’re not looking at potential changes.” Company reportedly preparing to cut 1,000 jobs as AI pressures mount. Read more
Data security unicorn BigID cuts 20% of workforce in shift to AI-first strategy. Company says restructuring supports transition to AI-centric development model. Read more
Phytolon raises $23.6 million Series B to scale natural food color production. Israeli biotech targets US market with fermentation-based alternatives to synthetic dyes. Read more
“The strong shekel is good news” – until it hurts high-tech. Bank of Israel balances cooling inflation against mounting pressure on tech and industry. Read more
Wix to cut 1,000 jobs in largest layoff round in company history. The company will reduce roughly 20% of its workforce after a steep stock decline and rising AI-related costs. Read more
Base44 is booming. So why is Wix collapsing? The startup Wix bought to secure its AI future is growing at breakneck speed, but the costs are shaking investor confidence. Read more
Amdocs expands AI ambitions through acquisition of Israeli startup Yess. The telecom software giant is integrating autonomous AI agents into its core operations platform. Read more
AI infrastructure startup SQream heads for sale after collapsing under heavy debt. The company, which develops GPU-based data processing technology, accumulated losses of more than $100 million. Read more
Payoneer: “Burnout isn’t resolved by any single benefit.” Adi Ickovic, VP HR at Payoneer, explains what it takes to provide employees with genuine stability amid regional turmoil, and how the global payment platform is upskilling its teams for an AI-first future, as part of CTech’s HR: The Next Leap series. Read more
Israel’s tech boom faces an unexpected threat: Its own currency. As the shekel surges, Israeli engineers are becoming among the world’s most expensive workers. Read more
High-tech dials down the glamour as employee burnout rises. Firms replace large events with targeted well-being and support programs. Read more
The giant models threaten to wipe out classic cybersecurity companies. Who will survive the revolution? The cybersecurity-model announcements from OpenAI and Anthropic are not merely a threat to existing startups. They are the opening shot of a critical shift, from a world of vulnerability detection to one of autonomous remediation and prevention. Read more
Project Glasswing by Anthropic didn’t just find the bugs. It also found the real vulnerability in cybersecurity. By the end of last week, Anthropic published an update on Project Glasswing that most people missed. I think it’s one of the most consequential signals in cybersecurity in years – and the headline numbers are only half the story. Read more
China’s EV giants are colliding with Israel’s security concerns. As Chinese electric vehicles dominate the market, Israel is debating how much trust connected cars deserve. Read more
