A new report by investment firm Viola Groupshows some USD 4.5 billion in investments in fintech start-ups and companies, more than double the total for 2020. In fact, 17% of all Israeli unicorns — private companies valued at USD 1 billion or more — are fintech or insurtech (insurance tech) companies, often a sub-sector of fintech. […]
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“Artificial intelligence is the infrastructure for the future of Israeli science and hi-tech,” said Science and Technology Minister Orit Farkash-Hacohen Farkash-Hacohen.“The artificial-intelligence market is growing by about 20% every year and in the coming years will even reach half a trillion dollars”Israel’s involvement in the advancement of artificial-intelligence technology cannot be understated. A crucial aspect […]
In response to Russia’s ongoing military invasion of Ukraine, President Biden has ordered a series of broad sanctions designed to “imperil Russia’s ability to raise capital key to its acts of aggression” and “isolate Russia from international finance and commerce.” In an update by law firm Herrick, learn how these sanctions generally prohibit U.S. individuals […]
Offshore law firm Walkers has a long history of working with clients in Israel, advising on matters of Cayman, BVI, Bermuda, Jersey, Guernsey and Irish law. Partner, Neil McDonald, from Walkers’ London office leads the firm’s Israel desk. In this Q&A, Neil discusses the trends in instructions emanating from Israel since 2019, as well as […]
Israeli fintech company Lendai has announced the completion of a USD 35 million financing round in equity and debt seed funding. The round was led jointly by Meron Capital and Cardumen Capital, with participation from Discount Capital, Skywell Capital Partners, Mindset Ventures, and Viola Credit. The funding will help us expand Lendai’s cutting-edge technology and […]
Yigal Arnon and Tadmor Levy have officially announced their merger, becoming the 3rd largest law firm in Israel. The firm – Yigal Arnon Tadmor Levy – will have 350 lawyers, including 140 partners, this is the largest law firm merger to ever take place in Israel. Meitar is Israel’s largest law firm with 448 lawyers […]
Israeli-founded cybersecurity firm SentinelOne is set to acquire California-based cyber company Attivo Networks, an identity security and lateral movement protection outfit, in a cash and stock transaction valued at USD 617 million. SentinelOne developed AI-based software that protects laptops and cellphones from security breaches by identifying unusual behavior in enterprise networks. The Mountain View, California-based […]
Highcon Systems has successfully raised NIS 60 million by means of a private share placement. Founded in 2009 and headquartered in Yavne, Israel, Highcon has developed a unique and proprietary technology for digital cutting and creasing solutions for post print processes in the Folding Carton and Corrugated carton industry. The company successfully completed an Initial […]
SatixFy Communications has announced its merger agreement with Endurance Acquisition Corp. in a transaction valued up to USD 815 million that will result in SatixFy becoming a US publicly listed company. SatixFy is a vertically integrated fabless semiconductor chip company providing products based on in-house developed chips across the entire satellite communications value chain. Endurance […]
Those acquainted with Common Law will recognize many of the foundational principles of the Israeli legal system, alongside other formal and unwritten rules unique to Israel. Israel is a highly litigious state with the highest number of lawyers per capita. Traditionally, Israeli civil procedure embraces written submissions and affidavits (subject to cross examination), rather than oral arguments […]
