The UK-based cybersecurity company, Snyk, has acquired the cybersecurity start-up, enso.security (part of Snyk). The acquisition of Enso Security expands Snyk’s capabilities and further solidifies its presence in the cybersecurity market and Israel. The deal saw two juggernauts go head to head , with Herzog advising Snyk, with Dan Sharot, Efrat Kesler Kadmon, Dr. Ehab Farah, Hanan Haviv, Iris Achmon, Nir Gal, Ronen […]
Author: Idan Nishlis
Autonomous inspection and monitoring solution provider Percepto has announced a successful Series C funding round, raising a combined total of USD67 million for its autonomous drone-based technology. Koch Disruptive Technologies (KDT) led the funding round, with participation from new investors Zimmer Partners and a major U.S. energy company. Herzog Tech advised Percepto, led by Yuval Zilber, Matan […]
Canada’s LeddarTech Inc. has signed a business combination agreement with Prospector Capital Corp., a publicly traded SPAC led by the former President of Qualcomm. Upon closing, LeddarTech will become a publicly listed company, with an equity value of approx. USD 350 million. Stikeman Elliot and Vedder Price are advising LeddarTech with Erdinast, Ben Nathan, Toledano […]
Investment in Israeli privately-held tech companies amounted to just USD 2.7 billion in the first five months of 2023. Israeli privately-held tech companies raised USD 15 billion in 2022, according to IVC-Leumitech, after raising a record USD 25.6 billion in 2021. In May, larger financing rounds were led by vehicle inspection solitions company UVEye, which […]
Four international consortiums have filed bids for the final tender of the Nofit light rail. The tender was issued by the Ministry of Transportation and Road Safety through Trans Israel National Transportation Ventures after passing the preliminary qualifying phase (P.Q.) of the tender. The Nofit light rail is a major project that will connect the […]
Visiting co-founder of Microsoft-backed OpenAI, Sam Altman came to Israel this week, met President Herzog, high-tech leaders and students, and said it is examining various investment options in Israel. Meanwhile, Microsoft Israel R&D Center to develop security for ChatGPT, with the Herzliya center’s cybersecurity capabilities will play a key role in the commercialization of OpenAI’s […]
Israel’s EnergyTech sector is thriving, and has more than 230 established companies as of 2023, as revealed in a recently-held event by Start-Up Nation Central (SNC), a nonprofit that promotes Israeli innovators to help solve global challenges. See the infographic here.
Mobileye Global Inc controlling shareholder Intel has made a regulatory filing to sell 35 million shares in the Israeli advanced driving assistance systems (ADAS) company. Since holding its Wall Street IPO in late 2022, Mobileye’s share price has doubled in value and now Intel is cashing in to the tune of USD 1.4 billion in […]
The Tel Aviv Stock Exchange the office of the Accountant General at the Israeli Ministry of Finance, and three leading tech companies in the field have completed the proof of concept (PoC) phase for Project Eden. The project will see the issuance of a government digital bond on a dedicated blockchain platform. Read more in […]
Clal Insurance Enterprises Holdings Ltd. has successfully raised NIS 250 million, via a private placement of TASE traded bonds. Goldfarb Gross Seligman represented Clal, led by Adva Bitan, Head of the Securities, Capital Markets and Corporate Department, together with associate Matan Kaddar.
