CTECH: Latest Israeli Innovation & Technology News May 9, 2025
Elastic acquires Israeli startup Keep to cut through tech alert chaos with AI. After a scrappy pivot and open-source breakthrough, Keep will bring alert intelligence and workflow automation to the Elastic stack. Read more
Deel and Rippling lawyer up in cross-border legal showdown. Veteran GCs step into a dispute that spans three continents and billions in market value. Read more
Teva’s quiet layoff announcement reveals bold restructuring plan. CEO signals this is ‘just the first step’ in multi-year effort to streamline and scale. Read more
Insight Partners begins alerting victims after January hack revealed deep data exposure. As the New York investment giant notifies affected individuals, questions linger about cybersecurity vulnerabilities across private equity — and what it means when the investors get hacked. Read more
Israeli-founded Tripledot Studios acquires AppLovin’s games portfolio in $800M deal. The mobile game company, founded by Lior Shiff and Eyal Chameides, expands global footprint to 23 cities and 2,500 employees, reaching $2 billion in annual revenue. Read more
Teva to cut 3,000 jobs by 2027 in drive toward higher profit margins. Pharma giant targets 30% operating margin by laying off approximately 8% of its global workforce as it boosts forecasts on drug sales and updates its “Pivot to Growth” strategy. Read more
Ox Security raises $60M Series B to cut through cyber noise. By focusing only on threats that matter, the Israeli firm is challenging how enterprises approach AppSec. Read more
“AI flattens our hiring curve”: CrowdStrike CEO justifies 500 layoffs as strategic shift. George Kurtz says layoffs are necessary to scale efficiently and lead in AI-driven cybersecurity. Read more
Sett raises $15M Series A to help mobile games win with AI-powered storytelling. The Israeli company offers studios scalable tools for content creation and player engagement. Read more
Intel Chairman: “There are no quick fixes.” Chairman Frank Yeary’s candid letter sets the tone for Intel’s new CEO and a long-term turnaround strategy. Read more
Intel shareholders reject proposal to reevaluate Israel operations. Proposal citing human rights concerns fails as board warns of economic harm. Read more
Orca AI secures $72.5M in Series B to advance AI-powered maritime navigation. With over 80 million nautical miles of visual data, the startup aims to lead the future of autonomous shipping. Read more
General Motors to lay off hundreds in Israel amid Cruise shutdown. Hundreds summoned for hearings as parent company restructures its global autonomous vehicle operations. Read more
Insight Partners’ Jeff Horing: “Wiz looked expensive every round, but in hindsight everybody made money.” The veteran VC says Israel’s startup scene still delivers—even as valuations, AI competition, and IPO hurdles mount. Read more
How a hand-drawn sketch became a $10 billion air defense missile system. IAI’s CEO reveals the origin of the Barak MX and how independent development is giving Israel a marketing edge over U.S.-funded systems. Read more
Who’s cashing out in eToro’s IPO? Founders, ministers, and moguls eye big gains. With shares priced at $46–$50, Israeli fintech insiders prepare for a $250 million sell-off. Read more
The female founders shaping Israel’s startup scene in 2025. From Calcalist’s Top 50 list of the most promising private tech companies, these standout innovators are redefining the future of the Startup Nation. Read more
Israel’s climate-tech crossroads. A new report by the Israel Innovation Authority points to a troubling decline in climate-tech investment. In the domain of clean energy, not a single startup was founded in Israel in 2024. Read more
“Our entrepreneurs are building the country with world-class, groundbreaking technologies.” LeumiTech CEO Maya Eisen Zafrir was speaking at the opening of Calcalist’s Tech Independence event. Calcalist Publisher Yoel Esteron said: “The State of Israel owes a debt of gratitude to the entrepreneurs who continue—even in difficult times—to energize our high-tech sector.” Read more
Israel’s talent drain comes at a heavy price — it’s time to rethink global strategy. “Technology alone won’t solve the problem. Belonging, culture, and human connection must now transcend geography,” writes Rinat Buchholz, Founder and CEO of Global Teams, as the high-tech industry grapples with employee retention and global workforce management solutions. Read more
“We’re looking at another year or two of pain and uncertainty before a new growth cycle begins.” Venture capital is drying up, IPOs are on ice, and Israeli tech faces a critical test of resilience. Read more
eToro’s IPO could be days away. The firm had shelved its IPO amid volatility but is now ready to move ahead. Read more
How Israel’s defense-tech industry rebooted after October 7. Once caught off guard by Hamas, the Defense Ministry is now turning to startups and AI to shape the battlefield of the future. Read more
Six forces that could derail the generative AI boom. As generative AI reaches hundreds of millions of users in record time, it now faces a set of growing challenges—from geopolitics and regulation to labor shortages and existential risk—that could slow or reshape its trajectory. Read more
Deep Instinct cuts staff amid strategic shifts. Cybersecurity firm lays off 20 as operational changes follow past restructuring and leadership overhaul. Read more
Israel’s quantum moment is now. Why the nation must act boldly to lead the next great technological revolution. Read more
