Autonomous drone developer Percepto raises $67 million Series C one month after second round of layoffs. The Israeli startup, which provides autonomous inspection and monitoring solutions, has cut over 25% of its workforce over the past year. Read more

What’s next? “VCs have an active role in promoting founders’ mental wellness amidst market turmoil.” Inbal Perlman, Partner at TAU Ventures, spoke with CTech as part of the project “Where do we go from here?”, which aims to examine how the Israeli VC industry is dealing with the crisis in the sector. Read more

Lightico acquires Vizolution after laying off 25% of workforce. The Israeli fintech startup will double its headcount following the acquisition that aims to create a global leader in B2B2C digital completion for the financial services and telecom industries. Read more

Uncharted territory: Israeli high-tech at crossroads, teetering on the edge of decline. Unprecedented challenges loom over Israeli high-tech industry as investments dwindle, startup numbers plummet, and concerns over governance cast shadows on future prospects. The race to secure the nation’s technological dominance hangs in the balance. Read more

Gen-Z is avoiding Google – this Israeli startup wants to become their home for recommendations. Superfy, whose text-based query platform connects humans online, is taking on TikTok and Instagram as a primary resource for a generation seeking personal connections. Read more

Cyber unicorn Snyk acquiring Israeli startup Enso Security for over $50 million. The acquisition provides some good news for Snyk following the laying off of around a quarter of its employees over the past year. Read more

Valens Semiconductor laying off 15% of workforce as pace of bookings slows significantly. The Israeli automotive chip company, which is currently traded with a market cap of $240 million after going public at a $1.1 billion valuation, also cut its guidance for the rest of the year. Read more

Comeet and Spark Hire to merge in $50 million deal. Private equity firm Boathouse Capital will facilitate the merger by acquiring the Israeli applicant tracking and candidate management platform. Read more

Institutional investment in Israeli startups dropped by 54% in 2022. Despite a decrease in the number of rounds with institutional participation and a reduction in the financial scale of investments, the half a billion dollars invested last year still marks a significant three-fold increase compared to 2020. Read more

Former Shin Bet director’s cyber startup Opora is shutting down. Opora Technologies, founded by the former head of the Israel Security Agency Yuval Diskin, has laid off most of its employees and is on the verge of a complete closure after raising a total of $10 million since its founding in 2020. Read more

BlackRock acquiring private debt manager Kreos Capital in $400 million deal. Kreos, which is headquartered in London, has significant activity in Israel which includes providing credit for over 100 Israeli companies. Read more

Israel is poised to lead the way in FemTech, but challenges remain in realizing full potential. While interest has risen in tech related to women’s health, investors must move past their bias for Israel to lead the world in this sector. Read more

“An economic downturn compels entrepreneurs to reevaluate their core business.” Gili Raanan, founder of Cyberstarts, spoke with CTech as part of the project “Where do we go from here?”, which aims to examine how the Israeli VC industry is dealing with the crisis in the sector. Read more

Tel Aviv again drops in global startup ranking. Israel as a whole has maintained its third place, but local cities have overall seen a drop, according to StartupBlink. Read more

Opinion | Navigating the stressful seas of entrepreneurship: The power of the “And Then What” approach. The “And Then What” approach is a valuable tool to mitigate the fear of failure and turn perceived failures into learning opportunities, bolstering resilience and adaptability, writes Nimrod Vromen. Read more