CTECH: Latest Israeli Innovation & Technology News Nov. 5, 2024
Wiz eyeing Dazz acquisition in deal worth hundreds of millions. The cybersecurity giant is considering acquiring Israeli startup Dazz, which provides AI-powered cloud security remediation. Read more
“You need an internal vision to build something big out of this insane crisis.” Maya Azoulay, partner at lool ventures, spoke to CTech about investing in Israeli tech in this tumultuous period, the role of investors in stimulating Israel’s economy, her personal career odyssey, and her membership in the small club of female investors in Israel. Read more
Caught between duty and career: How Israeli reservists are facing tough choices. Despite legal protections, extended reserve duty is causing job losses, stalled promotions, and stunted careers. Read more
Incredibuild acquires German startup Garden in $65M deal, but trims staff by 11%. The German startup’s open-source tools help developers to speed up CI pipelines, increasing deployment frequency and shortening development cycles. At the same time, Incredibuild began the process of laying off 18 employees. Read more
Choking off the oxygen of terror: Stronger economic sanctions against Hamas and Iran for the sake of the hostages. Hamas taps into a terrorist global financing network that provides them with the rationale they can continue to control Gaza in the future. The international community must do more to break this terrorist financing network. Read more
Intel’s struggles deepen with $16.6 billion loss but AI chip growth provides hope. Company eyes AI and data center demand as it cuts costs and reorganizes. Read more
Sequoia-backed Decart raises $21M in Seed funding to pioneer scalable, cost-efficient GenAI. The Israeli startup has built an AI infrastructure platform that enhances the efficiency of AI models, offering faster and more reliable training as well as real-time inference. Read more
Nvidia’s $700M acquisition of Run:ai hits new obstacle as EU demands approval. EU antitrust scrutiny follows that of the US Department of Justice and may force Nvidia to offer concessions, delaying its acquisition of the Israeli AI firm. Read more
AI security platform Noma raises $25 million Series A. The Israeli startup’s platform provides end-to-end AI discovery, security, protection, and compliance. Read more
High-tech sector steps up with new Israel-US flights as government fails to act. With high demand and soaring prices, and the Ministry of Transportation failing to provide a solution, Israel’s high-tech industry launches affordable flights open to all. Read more
NextSilicon takes on Nvidia with Maverick-2 chip, secures tens of millions in sales. Over the last year, the company has raised an additional $100 million, reaching a valuation of $1.6 billion. Read more
Intel issues ultimatum to employees to decide whether to take severance or fight layoffs. Following months of delay, Intel workers in Israel have days to decide whether to take a layoff package or appeal their terminations. Read more
MIND nets $11 million in Seed funding to combat data loss in the age of AI. The Israeli startup’s intelligent DLP platform integrates AI and smart automations and can automatically identify, detect, and prevent data leaks at machine speed. Read more
AI startup Sana buys Israel’s Ctrl to drive automated workflow. The companies aim to solve multi-step workflows including sales process progression, customer support management, and employee onboarding. Read more
Monday.com eyes $200M office lease in Tel Aviv amid growth in revenue and personnel. The tech firm’s move to lease 30 floors in Azrieli’s newest skyscraper in a 10-year deal reflects its skyrocketing ARR and aggressive expansion plans for a 2,500-strong workforce. Read more
Intel shuts down Granulate less than three years after $650M acquisition. Intel is closing the Israeli startup it acquired in 2022, laying off its entire workforce of over 100 employees amid sweeping global cutbacks. Read more
Melio’s valuation drops 50% to $2B in $150M Series E funding. Despite the valuation cut, the Israeli fintech is estimated to have registered a tenfold revenue increase since its last raise three years ago. Read more
DoorLoop raises $100 million Series B as valuation soars. The Israeli startup’s automated property management platform is challenging U.S. giants like Yardi and RealPage. Read more
Zenity raises $38 million Series B to protect AI copilots from cyber threats. The Israeli startup’s platform secures the use of AI copilot systems and low-code applications—apps created with minimal coding. Read more
Check Point’s Q3 revenue reaches $635M as valuation hits record $22B. The Israeli cyber company met analysts’ forecasts as operating profit reached $218M. Since the beginning of the year, Check Point’s stock has surged 36%. Read more
