NASDAQ listed JFrog is buying Israeli start-up Qwak for USD230 million in an all-Israeli deal in the field of AI. With the acquisition, JFrog, which is traded on Nasdaq with a market cap of USD3.6 billion, aims to offer a unified and scalable solution for DevOps, Security, and MLOps stakeholders, enhancing its machine learning (ML) […]
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In our series of getting to know the Israel Desks at global law firms, we continue with Yariv Ben-Ari, partner in Herrick‘s Real Estate Department and a co-chair of both the firm’s Israel practice group and Real Estate Hospitality group. What are the primary strategic objectives for the Israel-focused legal team in the upcoming year, […]
Calcalist lists those start-ups raising funds in 2024: Discover who they are and what they are doing here.
Ground Up Ventures and Microsoft Israel R&D are launching the Liftoff program – designed to support 10 companies each year. It will focus on projects that solve significant and challenging problems such as energy supply, energy storage and smart grid, food security for a growing population, smart construction and sustainable construction, defense and the future […]
Founded two years ago with an initial NIS 1 billion, Israel’s Citizens Fund now holds almost NIS 6 billion from gas production profits.. By June 16, 2024, levies reached NIS 6.85 billion. The Israel Tax Authority revised its forecast, projecting NIS 55-72 billion collections from gas, oil, and resources, up from NIS 45-53 billion due […]
A huge deal was signed between the Bank of Jerusalem and Migdal Insurance and Financial Ltd., as a result of which the two companies will cooperate in providing housing loans totaling NIS 1.8 billion. Meitar advised the Bank of Jerusalem, which will be responsible for operating and managing the joint portfolios of mortgage borrowers. This […]
Once valued at USD47 billion and seen as the future of the workplace, WeWork has emerged from bankruptcy protection in the U.S. WeWork’s chapter 11 plan was confirmed by the bankruptcy court for the District of New Jersey following a hearing held on May 30, 2024, before WeWork emerged from Chapter 11 on June 11, […]
Leading U.S. cybersecurity company Tenable has bought the Israeli startup Eureka Security. Founded by industry veterans Liat Hayun and Asaf Weiss, Eureka specializes in Data Security Posture Management (DSPM), helping organizations secure their data across multi-cloud environments. This acquisition will enhance Tenable’s capabilities, providing its customers with even better cloud risk management. Arnon, Tadmor Levy […]
Gilat Satellite Networks has entered into a definitive agreement to acquire STELLAR BLU Solutions, a U.S.-based leading avionics solution provider of next-generation SATCOM terminal solutions, for up to USD245 million. Gilat offers In-Flight Connectivity (IFC) solutions like modems and amplifiers, while Stellar Blu developed electronically steered antennas, making them complementary in the IFC market. Naschitz […]
Leonardo Hotels has agreed to buy Zien Group and 12 hotels in the Netherlands from affiliates of KSL Capital Partners and its partner Garden Capital Group. The acquisition will expand Leonardo Hotels’ portfolio to 28 hotels in the Benelux region. Founded in 2006, Leonardo is the European arm of the Fattal Hotel Group, Israel’s largest […]
