CTECH: Latest Innovation & Technology News May 20, 2025
Wiz 2.0? Cyera’s meteoric $6B valuation is turning heads across the cyber world. After doubling its valuation twice in 2024, from $1.4B in April to $3B in November, Cyera is now poised to do it again, raising hundreds of millions at a $6B valuation. Read more
Check Point to hire 500 in Israel to power new AI research hub. CEO Nadav Zafrir leads transformation with aggressive growth plans and real estate investment. Read more
“House of cards is beginning to crumble”: Deel targets Rippling over alleged witness payments. Deel spotlights sworn testimony and demands unredacted agreements. Read more
Sequoia’s Shaun Maguire: “Maintaining the world’s most advanced cyber capabilities is existential for Israel.” In an interview with Entrée Capital founder Avi Eyal at the Tech1 conference in Eilat, Maguire, a partner at the VC fund Sequoia, said: “To create truly massive companies you need to concentrate enormous human talent into a very small number of teams.” Read more
“Execution, execution, execution”: Intel CEO vows to rebuild through results. Lip-Bu Tan lays out a blunt strategy to restore Intel’s credibility by focusing on delivery, not vision statements. Read more
Cyber startup Cyera raising hundreds of millions at over $6 billion valuation. Israeli startup continues meteoric rise with new mega round less than a year after raising $300M at $3B valuation. Read more
HR in the AI era – Israeli tech HR managers grapple with the AI revolution. Over the coming weeks, CTech will publish insights gathered from dozens of HR managers representing a wide array of Israeli tech companies. Their collective experiences will demonstrate the tangible effects, both personally and professionally, that AI is having on the nation’s tech ecosystem. Read more
Nebius rises from Yandex’s ashes to lead Israel’s supercomputing project. With roots in Russia and a base in Amsterdam, the AI upstart wins a critical national contract. Read more
From $3.1 billion to $25 million: REE Automotive on the brink. The once-hyped Israeli EV startup is running out of road after warning it may not survive the next 12 months. Read more
Moonshots and bottlenecks: Inside Israel’s new AI strategy. With a $15B private sector boom, the state races to catch up. Read more
“We’re officially opening the 2025 tech IPO market”: eToro CEO after $1.2B Nasdaq surge. Yoni Assia celebrates a 29% first-day pop and says the listing marks a turning point for fintech. Read more
Can Israel stay ahead in the AI arms race? Talent is abundant, but investment, policy, and education are falling behind. Read more
Salt Security integrates with Wiz to protect APIs in the cloud. The move follows Google’s $32 billion acquisition of Wiz, underscoring the urgency of unified security solutions as cloud complexity and API threats converge. Read more
AI startup Noogata shuts down after raising $28 million. Team8-backed company with clients like PepsiCo and Colgate failed to meet milestones and will seek to sell its tech. Read more
Check Point unveils massive Tel Aviv campus as part of long-term cybersecurity expansion. Israeli cybersecurity giant deepens its roots with a new 100,000 square meter global headquarters and dedicated AI R&D center. Read more
eToro tops $5.5 billion valuation as shares surge on Nasdaq debut. The Israeli fintech company rides crypto wave and market optimism to a strong public listing after two false starts. Read more
Nebius to build Israel’s AI supercomputer. Half a billion shekels will fund one of the world’s most advanced AI research infrastructures. Read more
Ramon.Space closes $70M deal with Eutelsat as space race heats up. Defense-tech boom and European geopolitics align for Israeli startup’s breakthrough. Read more
Oren Holtzman’s $1.75 billion journey: From accountant to Oddity billionaire. The cosmetics-tech hybrid he built is now worth more than double its IPO price. Read more
Trump’s Riyadh party went on without Israel. Can it still join fashionably late? Trillions changed hands, and global CEOs struck massive deals. Israel wasn’t there, but its tech still might afford it a seat at the table. Read more
Defense startup Kela raises $60 million, reaches $100 million in first-year funding. Founded after the October 7 attacks, the company is developing a battlefield operating system to help militaries integrate AI and commercial tech. Read more
Microsoft to cut 7,000 jobs in global restructuring. Layoffs affect employees across all levels, including dozens in Israel, as the company shifts its strategy for the AI era. Read more
IBM’s Red Hat acquires stealth Israeli startup Jounce for $20M to bolster AI cloud stack. Founded in 2024 by elite Unit 8200 alumni, Jounce developed a modular AI deployment platform; acquisition expected to integrate its tech into Red Hat’s open-source ecosystem. Read more
Somite AI secures $47.5 million Series A to expand AI platform for cell therapy. The company is developing DeltaStem, an AI-driven platform designed to improve the production of human cells for therapeutic use. Read more
Orca Security acquires Opus to automate cloud risk remediation. The deal, estimated to be in the tens of millions of dollars, brings AI agent capabilities to CNAPP platform in shift from visibility to prevention. Read more
eToro IPO 10x oversubscribed; Expected to raise over $500M at $4B+ valuation. Underwriters eye pricing boost amid soaring investor demand. Read more
Classiq raises $110 million in Series C: “We are building the Microsoft of quantum computing.” With a groundbreaking investment, Classiq aims to lead the future of quantum software, positioning itself as a cornerstone in the rapidly growing quantum computing market. Read more
KDDI and Israel’s DriveNets sign strategic deal to modernize telecom backbone. Partnership to support Japanese giants’ shift to open network architecture amid AI-driven data surge. Read more
Mentaily raises $3 million Seed round to tackle global mental health crisis with AI-powered platform. Founded in response to the aftermath of the October 7th terror attack, the Israeli startup’s LIV platform is designed to expand access to mental health care and assist with high-stress populations. Read more
Israeli Institutions pour over $400M into U.S. defense-tech fund Veritas Capital. The fund has exceeded expectations in as geopolitical turmoil drives interest in national security investments. Read more
