Electra has won the tender published by Igudan and Dan Region Water to finance, build and operate the sludge drying facility at the Shafdan site. The drying facility will be fueled by natural gas and will process approx. 400 tons of dewatered sludge per day. The costs of the project during the construction period are […]
Author: Idan Nishlis
Israeli company Camtek Ltd. has announced it has agreed to buy FRT Metrology from owner, FormFactor Inc., for USD100 million in cash. Shibolet and White & Case represented Camtek, with the addition of FRT’s unique technology, will provide customers with broader and more comprehensive solutions for inspection and metrology while solidifying Camtek’s leading market position. […]
Israeli company HiBob has raised USD 150 million in its latest fundraising round, with today’s valuation believed to be approximately USD2.7 billion. HiBob, which develops a platform for HR management, and has raised approximately USD 150 million annually over the past three years, accumulating a total of around USD 574 million in funding since its […]
In the first eight months of 2023 Israeli startups have raised just USD4.2 billion, compared with USD 15 billion in all of 2022, and a record USD25.6 billion in 2021. This was more than double 2020’s figure of USD10 billion, which was itself a record. In August, the biggest financing round was completed by AI21 […]
Israel Securities Authority will work with the Central Bank of Bahrain to provide regulatory guidance and support to fintech entrepreneurs and startups in both countries. The fintech cooperation agreement was signed on Monday as part of this week’s visit by Israel’s Foreign Minister Eli Cohen to the Gulf nation to strengthen economic and civil ties […]
In recent months there has been significant progress in the negotiations toward the signing of a free trade agreement (FTA) between Israel and Japan, car industry sources report. In November 2022, Israel and Japan announced the renewal of talks for the FTA after almost a decade of examining the matter and recently negotiations have gained […]
Pitango HealthTech II has announced the first closing of a USD175 million fund to invest in data science, AI, medical devices and novel biology start-ups. Pitango HealthTech is the dedicated healthcare fun of 30 year-old Pitango VC, Israel’s largest venture capital fund with over USD 2.8 billion under management. Read more in Globes.
Chapman has been selected and is serving as U.S. counsel to the bond trustee in connection with the restructuring of approximately USD60 million of bonds traded on the Tel Aviv Stock Exchange. The bonds had been issued by Delshah Capital Limited, a British Virgin Islands issuer whose U.S. subsidiaries are engaged in the acquisition and […]
The Vesttoo board of directors officially fired Bertele and Chief Financial Engineer Alon Lifshitz last week. This decision came in light of the investigation by financial and risk advisory Kroll, which looked into the alleged fraud at the fintech company. Founded in 2018, the Israeli company filed for Chapter 11 bankruptcy protection in a Delaware […]
Israeli generative AI unicorn company AI21 Labs has closed a USD155 million Series C financing round, valuing the company at approximately USD1.4 billion. Investors include Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next and co-founder Prof. Amnon Shashua, with participation from Google and Nvidia. The new funding brings the total amount raised by AI21 Labs to USD283 million. […]
