Wiz has completed the USD350 million acquisition of Gem Security in a deal that is not just a milestone in cloud cybersecurity, but it also underlines the strength, brilliance and resilience of the Israeli tech ecosystem, especially during these challenging times. According to Calcalist, Wiz has a valuation of USD10 billion and has raised USD900 […]
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U.S. tech giant Nvidia has acquired Israeli company Run: ai for USD700 million and is close to buying another Israeli start-up, Deci, founded in 2019. Meanwhile, Run: ai, founded in 2018, allows enterprise customers to manage and optimize their computer infrastructure, whether on premises, in the cloud or in hybrid environments. The purchase of Run:ai […]
Tel Aviv listed ZOOZ Power Ltd., a company driving solutions for the electric vehicles (“EV”) charging infrastructure market, has entered into a business combination agreement (de-SPAC) with Keyarch Acquisition Corporation (Nasdaq: KYCH), a Cayman Islands exempted company. Upon completion, ZOOZ will become dual-listed on the Nasdaq and on the Tel Aviv Stock Exchange. ZOOZ is committed […]
With a recognized Israel Desk, the U.S. law firm Wiggin and Dana LLP has expanded its Intellectual Property practice, bringing on board seasoned litigator Kate Cassidy and her team, which had worked at Quinn Emmanuel Urquhart & Sullivan LLP and the litigation boutique LTL Attorneys LLP before joining Wiggin and Dana. Having joined as a partner in […]
Agmon with Tulchinsky has welcomed a team of lawyers to its Projects and Infrastructure practice, which will be headed by new arrival Sharon Adler. Sharon, who has held a number of significant roles in the largest and most complex projects undertaken in Israel in the last two decades, is also joined by attorney Matthew Nahum, […]
Egged Public Transportation Company (“Egged”) has had a planned NIS350 million dividend to shareholders approved by the Tel Aviv District Court. The company had submitted a request to the Economic Department in the Tel Aviv-Yafo District Court to have the distribution of the dividend approved, in accordance with the provisions of Section 303 of the […]
Israel-based BioLineRX, a biopharmaceutical company traded in both Israel and the U.S., has announced a USD6m registered direct offering, with the transaction led by Greenberg Traurig. Tel Aviv shareholder Gary Emmanuel, with support from Devora Snyder-Shefer and Michael Soumas, advised the company, which is in the commercial stage and is pursuing life-changing therapies for certain cancers and rare diseases.
Guesty, the leading property management software platform for the short-term rental and hospitality industry, has raised USD 130 million via a Series F funding round led by leading global investment firm KKR. Inovia Capital, together with existing investors Apax Funds, BDT & MSD Partners and Sixth Street, also joined the round, extending their support following […]
McDonald’s has taken the decision to buy back its Israel franchise after fallout from the pro-Palestinian boycott against the fast food chain. Agmon with Tulchinsky represented Omri Padan, who had held the McDonald’s Israel franchise for 30 years and built a chain of 225 outlets with 5,000 employees. The lawyers acting on the deal included […]
Israeli data security company Cyera has announced the completion of a USD300 million financing round at a company valuation of USD1.4 billion. The financing round was led by Coatue with the participation of new investors AT&T, Spark Capital and Georgian, and existing investors RedPoint, Accel, Sequoia and Cyberstarts. This brings to nearly USD500 million the total amount […]
