2021 was the best year ever for Israeli tech sector with record investments in startup companies (total of over USD 23 Billion). According to the IVC-Gross Investors Report 2021, financial paper Globes, ranked the most active VC funds investing in Israeli tech, in 2020 and in 2021, and the Israeli law firms that act for […]
Author: Idan Nishlis
DLA Piper have shared a vital client update about the proposed EU AI Regulations set to impact organizations around the world. It is expected that the proposed regulation will be enacted in 2024 or 2025. Click here to read the update.
Venture capital funds are key players in the Israeli high-tech ecosystem and provide the main source of funding for start-ups. The Gross – IVC Report reviews the trends and activities of investors and venture capital funds. The newly published report outlines the amount raised by the funds, total investments made by each fund, the number of […]
Israeli consumer intelligence start-up Konnecto has raised USD 21 million in a Series A financing. Konnecto is one of the first artificial consumer intelligence platforms whose Path-to-Purchase Optimization platform offers highly targeted recommendations to increase online sales. The national U.S. firm, Lowenstein Sandler represented PeakSpan Capital as lead investor, with the team including Dotan Barnea, Anthony O. Pergola, Lesley […]
Ormat Technologies has recently announced plans to issue USD 350 Million of Green Convertible Senior Notes. The gross proceeds of the offering, at approximately USD 375 million, will be used by the company to fund sustainable projects. With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically […]
Israeli company iron Source and Unity Software Inc., the world’s leading platform for creating and operating interactive, real-time 3D content, announced that ironSource will merge into a wholly-owned subsidiary of Unity via an all-stock deal. The transaction values ironSource at approximately USD 4.4 billion. Morrison & Foerster and Herzog Fox & Neeman served as legal […]
Priority Software, a leading global provider of business management solutions and a portfolio company of Fortissimo Capital and TA Associates, is to buy f Silverbyte, Israel’s leading hospitality and vacation property management software. This is Priority’s fifth acquisition in the past 15 months. Priority Software was represented by Gornitzky and partner Yoni Raff, together with associate Josh Cohn and […]
US tech giant IBM announced it has acquired Israeli provider of data observability software company Databand.ai, to expand data capabilities. Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality. The acquisition of Databand.ai is IBM’s fifth acquisition this year and it builds on IBM’s […]
Israeli startups raised USD 9.7 billion in H1 2022, well below last year but ahead of 2020 when start-ups raised USD10 billion for the whole year. Israeli startups raised USD 9.7 billion in the first half of the year, well below last year’s figure but ahead of 2020 when start-ups raised USD10 billion in the […]
Lightbits Labs Ltd., the data platform startup, has raised USD 42 million in new funding to fuel the growth of its Lightbits Cloud Data Platform, with the funds to be used for investments in innovation and expansion. With this financing, the company has raised more than USD 100 million since its founding in 2016. Meitar […]
