Investments, mergers and acquisitions, and salaries are rising despite the war but industry experts warn that the latest recovery may not be sustainable. Read more in Globes. Meanwhile, in the first five months of 2024, Israeli privately-held tech companies have raised USD4.1 billion, according to Globes.
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The list, selected by Chief Information Security Officers (CISOs), security leaders, and startup investors, includes 30 companies in total. Twelve are Israeli-founded. Gomboc, Oligo, and Wing were named among the 10 early-stage companies; Astrix, Descope, Gutsy and Grip at the mid-stage; and Cyera, Drata, Island, Orca, and Wiz at the growth stage. Read more here […]
Arbe Robotics, a global leader in perception radar solutions, announced its ordinary shares are now traded on both NASDAQ and the Tel Aviv Stock Exchange (TASE). Erdinast, Ben Nathan, Toledano represented Arbe Robotics in this precedent-setting process of dual registration and issuance of convertible bonds to institutional investors and the public, to the tune of approximately […]
Michlol Mimun, a non-bank credit provider for residential construction and business financing, has announced a strategic financial move through its subsidiary,Michlol Real Estate. They are issuing a private bond series worth approximately NIS 190 million, backed by collateral for urban renewal residential projects. This marks the first time in the Israeli capital market that institutional […]
Israeli insurance company Phoenix will invest €100 million in renewable energy projects, as a sponsor equity for the projects. Shibolet advised Yevulei Shemesh, a private company that has solar projects in Israel, Poland and is also promoting projects in Greece. The company also plans to build wind, solar and storage projects in Europe totaling NIS […]
German enterprise software giant SAP is acquiring Israeli company WalkMe for USD1.5 billion in an all-cash transaction, serving as a powerful testament to the resilience and excellence of Israel’s tech sector. Founded in 2011, WalkMe has developed a platform for adopting digital technologies without the need to write additional code. Based in Tel Aviv, the […]
In Israel, Novartis focuses on marketing and clinical trials, but Country President Elad Maron says, “We know we can do much more. We want to make our mark beyond Israel in the biomedical industry.” Read more in Globes.
The two Israeli cybersecurity unicorns are embroiled in a lawsuit in which Orca claims that Wiz copied its technology. Last July, Israeli cybersecurity company Orca Security filed a lawsuit against fellow Israeli firm Wiz. Orca demanded that Wiz cease selling products that allegedly infringed on Orca’s patents and sought financial compensation for their use. Additionally, […]
In the latest IsraelDesks rankings, congratulations to DLA Piper, who took pole position in our M&A: Volume table for Israel related transactions. They were joined in a fiercely competitive Elite category by Freshfields Bruckhaus Deringer in a close second, followed by Greenberg Traurig Tel Aviv, White & Case, and Latham & Watkins. Moonactive’s acquisition of […]
The Israeli Economy in 2023: Turbulence and Hope. Simon Weintraub and Avi Anouchi, partners at law firm Arnon, Tadmor-Levy, highlight some of the key trends and challenges that shaped the Israeli economy in 2023, and share some thoughts on the implications for the future. Read the article. published in the recent US-Israel Legal Review 2023, […]
