CTECH: Latest Israeli Innovation & Technology News Nov. 25, 2024
Eon rockets past $1 billion valuation in under a year, raising tens of millions more. AWS alumni had already previously raised $127 million in three funding rounds for Eon, which has been likened to “the next Wiz” due to its rapid fundraising trajectory and high-caliber team. Read more
Monday.com founders: “We have everything needed to get to $10 billion in revenue.” Wall Street’s muted response to monday.com’s $1 billion ARR hasn’t dampened the founders’ $10 billion ambition. In an exclusive interview, co-CEOs Roy Mann and Eran Zinman emphasize that the company’s potential remains vastly underappreciated. Read more
Israel’s next tech boom: Pioneering the future of global defensetech. A report from Viola Ventures explores the booming sector and what Israel can do to remain top of the game. Read more
Beyond bigger models: How AI’s next era will rethink growth. Scaling up is no longer the answer; AI companies pivot to refining existing technologies. Read more
Salary transparency: A step toward equality or a recipe for corporate chaos? Employers and candidates in Israel grapple with the potential benefits and risks of revealing pay scales. Read more
Wiz acquires Dazz for $450 million to strengthen AI-driven cloud security. The acquisition will enhance Wiz’s vulnerability management capabilities, integrating Dazz’s platform into Wiz Code. Read more
Mediaocean acquires Innovid for $500M, delisting it from the NYSE. The valuation reflects a premium of just over 100% on Innovid’s current stock price on Wall Street but falls significantly short of the $1.3 billion valuation achieved during its 2021 SPAC merger. Read more
TailorMed raises $40 million in equity and debt to help patients access critical medications. With growing demand in the U.S., the startup’s platform addresses one of healthcare’s biggest pain points. Read more
“Platformization is the game changer”: Palo Alto Networks Q1 beat reinforces multiyear growth strategy. CEO Nikesh Arora emphasizes security and AI benefits as company raises guidance for fiscal 2025. Read more
Walmart’s Director of Machine Learning on the future of the domain. Tomer Lancewicki, Director of Machine Learning at Walmart, spoke to CTech at Calcalist and Bank Leumi’s Tech & Invest conference in Miami about the future of AI. Read more
Cyera doubles valuation to $3B with $300M Series D, total funding hits $600M in seven months. The Israeli cybersecurity unicorn, which acquired Israeli startup Trail Security for $162 million last month, plans on growing its workforce from 400 to 600 employees by the end of 2025. “We aim to be the CrowdStrike of data security, with billions in revenue,” said CEO Yotam Segev. Read more
Prompt Security raises $18 million Series A to protect enterprises from GenAI risks. The Israeli startup’s platform safeguards organizations from shadow AI, prompt injections, and other emerging threats specific to generative AI tools. Read more
Wix returns to $10 billion valuation amid strong revenue growth. Bookings rise 15% as the company accelerates its path to $2 billion in annual revenue. Read more
Claroty veterans launch Twine with $12M in Seed funding from Dell and Wiz founders to deploy AI cyber workers. Twine’s AI platform automates key security tasks, starting with identity management, to support overwhelmed teams. Read more
Lidwave’s LiDAR technology may help eliminate drone threats. Drone attacks have been a persistent challenge for war-stricken countries. This company may have a solution. Read more
Nvidia’s $700M Run:ai acquisition hangs in the balance as EU promises ruling by December 20. Regulators cite competition concerns, leaving the chip giant’s ambitions uncertain and the Israeli startup in limbo. Read more
Spines raises $16 million Series A to transform the publishing industry with AI. By making publishing faster, cheaper, and more accessible, Spines aims to publish 8,000 titles annually by 2025 and redefine the author experience. Read more
“Entrepreneurs showcase the best attributes of Israel.” About 200 companies submitted applications for Calcalist and Poalim Tech’s RoadShow+ event, of which 18 startups were selected to present their pitch to senior investors from the leading funds in Israel. Read more
“You’ll never find harder, more resilient workers than Israelis.” David Bitton, Co-Founder of DoorLoop, spoke to CTech at Calcalist and Bank Leumi’s Tech & Invest conference in Miami about raising $100 million recently and his company’s future plans. Read more
Elbit Systems’ Israeli sales surge amid multi-front war. Defense giant doubles local market sales, accelerates production, and eyes record-breaking order backlog. Elbit CEO criticizes French defense policy, calling restrictions “brutal and hypocritical.” Read more
