Healthy.io lays off a third of its workforce after raising $50 million. The medtech startup is parting ways with around 70 employees despite receiving a fresh $50 million investment. Read more

Insurtech startup Novidea raises $50 million Series C. Using an open API architecture, Novidea’s software platform enables brokers, agents, and MGAs to modernize and manage the customer insurance journey. Read more

Magenta Medical raises $55 million for world’s smallest heart pump. The Israeli company’s device is a powerful heart pump that is initially folded, inserted through the groin using a small puncture, and expanded for activation inside the left ventricle. Read more

Latest layoffs at Unity to include dozens of employees in Israel. The gaming company will be parting ways with a total of 600 employees in its third round of layoffs in a year. Read more

Corning closing R&D center in Israel, laying off entire workforce. Dozens of employees will lose their jobs due to the multinational tech giant’s cutbacks. Read more

Israel-Japan Conference | Who’s who at the upcoming Israel-Japan Conference. The first Israel-Japan conference, hosted by Calcalist and Discount Bank, will include three days of meetings, networking, and lectures with some of the biggest players in the Japanese economy and business sector. Read more

Fear factor: Israeli startups registering abroad due to judicial coup. According to the Israel Innovation Authority, “there is a concern that venture capital funds and high-tech in Israel will be split off from the world.” The Authority’s CEO Dror Bin: “The government must be active and reduce uncertainty.” Read more

Foretellix raises $43 million in Series C, adds Toyota and Nvidia as investors. The Israeli startup develops safety-driven verification and validation solutions for ADAS. Read more

CTalk | “There will always be a need for tech startups. Tech has to prevail.” Yaron Carni, Founder of Maverick Ventures Israel, spoke to CTech at Calcalist’s Tech on the Beach event about why Semperis was selected as the most promising Israeli startup for 2023. Read more

Locusview CEO: “Lucky to be on the right side of history.” Shahar Levi, CEO and Founder of Locusview, spoke to CTech at Calcalist’s Tech on the Beach event about how climate change drives investment in cleantech. Read more

Opinion | All eyes on Tokyo: The time is ripe for Israeli companies to take over Japan. Once viewed as a distant market with entry barriers, Japan is now more alluring than ever for Israeli startups. Noa Asher, CEO of NTT Israel Innovation Lab, urges a shift in focus towards the East. Read more

“There is a concern that VC funds and high-tech in Israel will be split off from the world.” Israel Innovation Authority CEO Dror Bin was speaking after the publishing of a report warning that the local ecosystem is on the verge of a situation in which there will be a “splitting” between the global and Israeli markets. “If this is the case, many Israeli hi-tech companies will find it very hard to raise investment and will be forced to close or move to other countries.” Read more

Check Point CEO: “We are still far from the peak of the high-tech crisis.” Regarding the state of high-tech in Israel, Gil Shwed said: “Israel must do its utmost to preserve high-tech, the state must do it for the entire economy.” Read more

Thermal vision startup ADASKY raises $30 million led by Gentex. ADASKY’s proprietary LWIR (Long Wave Infrared) sensors can help ADAS and other vision-based systems to operate more reliably in low light and in all-weather situations. Read more

“Israel is definitely the foodtech hub of the world.” Chanan Schneider, Managing Partner at RePlate Ventures, spoke to CTech at the Food Waste and Sustainability conference in Tel Aviv about investment in Israeli foodtech. Read more

Opinion | Data infrastructure: The picks and shovels of the AI gold rush. “While we believe it is too early to call what AI will look like in a few years’ time given the mind-blowing pace of innovation, it is clear to us that a solid data foundation is key to enabling its progress,” writes Itay Inbar of Greenfield Partners. Read more

From $3 billion to $300 million in one year: Cybereason’s hard landing. The Israeli cybersecurity company, which in 2021 was on the verge of an IPO at a $5 billion valuation, has experienced a year from hell, including the removal of the CEO, the dismissal of hundreds of employees, and a dramatic drop in valuation. Read more

Cybereason and Rapid are paying the price for SoftBank’s mistakes. The collapse of Cybereason’s value by 90% along with the layoffs of half of the employees and the replacement of the CEO at Rapid are two more milestones in the crisis engulfing Israeli high-tech. However, these two companies have another common denominator: Belonging to SoftBank’s portfolio. Read more

Beam me up: Israel’s new laser system is a security game changer. “Magen Or” (Iron Beam) is the next step up in Israel’s self-defense: a laser system that can “cook” rockets, missiles or drones from afar, and at zero cost compared to the Iron Dome. It will be able to intercept rockets from Gaza even before they cross the border while Israeli citizens sleep soundly with no need to sound alarms. Read more

85% of CTOs will use GenAI and LLMs for their R&D teams. The joint survey, conducted by Pitango First and Intel Ignite, showed that more than half of participants see an ‘immediate’ effect on the way their teams operate. Read more

“The only way to combat landfills is to create alternative technologies.” Jack ‘Tato’ Bigio, CEO and Co-Founder of UBQ Materials, spoke to CTech at the Food Waste and Sustainability conference in Tel Aviv about combating food waste and landfills. Read more

“As the bee population dwindles, climate change will become even worse.” Saar Safra, CEO and Co-Founder of Beewise, talked to CTech at the Food Waste and Sustainability conference in Tel Aviv about why saving the bees is imperative to saving the planet. Read more