CTECH: Latest Israeli Innovation & Technology News Feb. 26, 2025
Quantum Machines raises $170M at a $700M valuation as quantum computing surges. The Israeli startup secures one of the industry’s largest funding rounds amid rapid technological breakthroughs. Read more
Skybox Security’s dramatic shutdown stuns employees and industry. The sudden closure leaves employees scrambling to recover lost wages and severance. Read more
Ex-Nice CEO Barak Eilam appointed Payoneer director amid fintech’s turnaround. Payoneer’s stock has surged 80% as the company expands its global payments and clearing operations. Read more
Lawyer’s AI reliance results in fictitious court citations in Supreme Court petition. The petition, based on fabricated legal precedents, was dismissed after being flagged by the court. Read more
Intel-backed Ignite launches new accelerator programs to boost Israeli deep tech. New programs will support startups from pre-Seed to post-Seed stages, with backing from Intel and industry leaders. Read more
Skybox Security shuts down, lays off 300 employees as Tufin acquires assets. The Israeli cybersecurity firm ceases operations, leaving workers without final paychecks. Read more
Aleph Farms raised $140 million—but now it’s struggling to survive. The cultured meat pioneer is scrambling to secure $25 million to stay afloat as industry struggles deepen. Read more
Gilad Altshuler: Nasdaq will keep climbing as new technologies emerge. The Israeli investment giant remains bullish on AI, cloud computing, and quantum tech. Read more
Mylo’s “AI wingman” helps reignite a fatigued online dating scene. The Israeli dating app uses artificial intelligence to introduce users through a three-way group chat, only revealing additional images when ‘vibes’ are matched. Read more
Intel’s Xeon 6 promises AI and network breakthroughs amid company struggles. New processors promise energy efficiency and AI power, but Intel is fighting to stay relevant amidst broader industry shifts. Read more
AI won’t replace developers—but it will change who gets hired. AI is transforming coding from a technical task into a multidisciplinary challenge. Read more
Bybit breach: How hackers stole $1.5 billion without breaking blockchain security. Check Point research shows that social engineering, not smart contract flaws, enabled one of crypto’s largest thefts. Read more
Yad2 now valued at $420 million as investors line up for potential sale. A decade after its record exit, Israel’s largest classifieds site is drawing global interest. Read more
‘It was through their lies that they became multimillionaires’: Charlie Javice fraud trial opens. Prosecutors claim Javice and her Israeli co-defendant Olivier Amar faked user data, while her lawyers blame JPMorgan, which bought their college financial aid startup, Frank, for $175 million. Read more
Tel Aviv real estate reaches new peak at over $45,000 per sqm. Israel Canada’s She project challenges pricing norms in one the city’s most sought-after districts. Read more
Israel-China tech ties persist amid political tensions. Despite shifting geopolitics after October 7, Israeli tech companies continue to expand in China, leveraging government-backed innovation hubs and strong partnerships in AI, healthcare, and cybersecurity. Read more
Nice beats Q4 estimates but shares plunge on weak 2025 outlook. The Israeli software firm surpassed earnings expectations with revenue of $721.6 million but issued a disappointing forecast. Read more
Europe’s regulation-heavy reputation hides big opportunities for Israeli startups. While Israeli founders often look to the U.S., Europe’s evolving ecosystem is creating new possibilities. The continent’s rush to regulate innovation is making it a key player in the future of tech. Read more
From ‘Made in China’ to ‘Anywhere but China’. Tech giants are embracing the ‘China Plus One’ strategy, shifting factories to Southeast Asia and Latin America. Read more
Meta settles Israeli privacy lawsuit for $338,000. Facebook parent company accused of misusing phone numbers provided for security. Read more
Augury secures $75M at over $1B valuation to scale industrial AI. The new funding will fuel Augury’s expansion as it enhances its AI-driven solutions for machine health, helping global manufacturers reduce downtime and improve operational efficiency. Read more
Riskified cuts staff as struggles continue. The fraud prevention company, once valued at $3.3 billion, is laying off dozens of employees. Read more
Wix reports record profit but sticks to conservative 2025 forecast. Company’s AI rollout expected to boost growth, but impact remains uncertain. Read more
SolarEdge stock surges despite steep loss, as cash flow turns positive. The renewable energy company beats revenue forecasts and signals a shift toward profitability. Read more
Guidde raises $15 million to expand AI-powered training. With its new autonomous video platform, Guidde aims to reshape how organizations adopt and implement software, competing with the likes of WalkMe, recently acquired by SAP for $1.5 billion. Read more
