Vayyar Imaging has raised USD 108 million in a Series E financed with a USD 1 billion valuation for the 4D imaging radar company. It takes the company’s total funding over USD 300 million. The Israeli semiconductor company supplies radars to the automotive and senior care sectors, producing affordable sensors that provide detection and tracking Herzog […]
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Israeli SaaS company, Coralogix has completed a USD 142 million Series D financing. Advent International and Brighton Park Capital co-led the round with participation from Revaia Ventures and existing investors Greenfield Partners, Red Dot Capital Partners, O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments H-F & Co advised the company, with advice provided by partner, Yuval Oren, […]
The Israel Electric Company (“IEC”) has successfully handed over the Hagit -East power plant to the consortium of new owners, Shikun & Binui Energy and Edeltech. The sale of the 660MW East Hagit Power Plant is part of the 2018 electric grid reform in which government-owned Israel Electric Corp. is relinquishing its electricity production monopoly. […]
The Israeli billionaire is asking £1.3 billion for the popular London tourist attraction, “The Financial Times” reports. Sagi is asking £1.3 billion for the popular London tourist attraction, the UK paper adds. The historic site, covering 16 acres, includes market stalls, bars, entertainment venues, housing and offices. Read more here.
The program aims to group Mexican and Israeli entrepreneurs to work collaboratively to advance creative solutions to local challenges, such as health, communication and water management, within Mexico — the 15th-largest economy in the world. Read more here.
Israeli credit asset manager Viola Credit has closed a USD 700 million fund to provide credit lines to fintech companies with platforms across the US, Western Europe, UK, Australia, and New Zealand that disrupt traditional lending sectors. All the money was raised from Israeli institutional investors. Viola Credit, formerly known as Plenus, was founded in […]
Under a new proposed plan, the two countries are set to jointly develop the Nitzana crossing between them, where commercial trade is handled, as a regional logistics center and a joint employment area; engage in R&D cooperation; develop joint projects in the area of green energy; and increase the number of direct flights. The plan […]
Dozens of Israeli tech entrepreneurs and businesspeople recently flew to Saudi Arabia for advanced talks on Saudi investments in Israeli companies and Israeli investment funds, according to a report in the Globes business daily. The report said a number of agreements, both in the civilian and defense sectors, have been since signed between Israelis and Saudis […]
The UAE’s Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi announced the figures at the World Economic Forum in Davos this past week. The minister made the comments during a panel titled “The Future of the Abraham Accords,” alongside former Bahraini foreign minister Khalid bin Ahmed Al Khalifa, Chief Product Officer […]
Yariv C. Ben-Ari, Partner and Co-chair of Herrick’s Israel Practice and Real Estate Hospitality Practice You have had an Israel Desk and team for some time, what was the driving force behind that and how does it fit in with the firm’s overall strategy and focus? Herrick has always been an entrepreneurial, out of the […]
