Illusive Networks has entered into an agreement to be bought by Proofpoint of the U.S. Financial details of the transaction were not disclosed but the deal value is estimated at USD 100-150 million, according to a report in the Hebrew press. Illusive is a developer of deception technology used to detect targeted hacker attacks. Meitar advised […]
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Israeli-US cybersecurity company Snyk has announced the completion of a USD 196.5 million Series G financing round, at a USD 7.4 billion valuation. This is only 12% below the valuation of USD 8.5 billion achieved in the company’s most recent financing round when the company raised USD 300 million in September 2021. The financing round […]
Abu Dhabi funds led by Abu Dhabi Development Holding Co. (“ADQ”) are in talks to buy a stake worth about USD 855 million in Israeli financial services firm and Israel’s largest insurance company, Phoenix Group, as the United Arab Emirates expands into the country after normalizing ties two years ago. ADQ is set to acquire […]
Delek Group Ltd. Mediterranean energy exploration unit NewMed Energy, formerly Delek Drilling, and Moroccan energy company Adarco have signed agreements for oil and natural gas exploration and production activities in the Boujdour Atlantique exploration license, which is situated in the Atlantic Ocean off the coast of Morocco. Agmon & Co., Rosenberg Hacohen & Co.’s Dan […]
This year’s fastest growing company in Israel is travel-tech company Holisto, founded in 2015, and has enjoyed average annual growth of about 460% between 2018 and 2021 and revenues of USD 15.1 million. This was one company listed in the Fastest Growing Companies in Israel. “The Fastest Growing Companies in Israel” is a list of […]
According to industry experts, the cost of cybercrime worldwide will increase by 15% annually in the next five years, and by 2025 that cost will reach USD 10.5 trillion per year. If cybercrime were a country, it would have the world’s third-largest economy, after the US and China. Furthermore, says American security company Norton, more […]
Israeli company Lumen, which has developed a handheld device to measure metabolism through the breath, has recently raised USD 62 million via a Series B funding round led by Pitango Growth. Participating investors include Disruptive VC, Unorthodox Ventures, Hanwha Group, Resolute Ventures, RiverPark Ventures, and Almeda Ventures. The H-F & Co. team included Yuval Oren, […]
Hong Kong corporation, Animoca Brands Ltd. has acquired Israeli start-up, TinyTap Ltd., which has developed a platform enabling the creation of educational games for children without prior knowledge in programming. FBC & Co. (Fischer) acted for Animoca Brands, led by Eran Yaniv and Asaf Gabay, partners in the Hi-Tech practice; together with Yuval Peled, a […]
Leonardo DRS Inc., a leading defense technology innovator, has completed its dual listing on Nasdaq and Tel Aviv Stock Exchange, following its successful merger with RADA Electronic Industries Ltd. Leonardo DRS, Inc., headquartered in Arlington, Virginia, develops and manufactures advanced defense products for the U.S. military, intelligence agencies and allies around the world. Herzog advised DRS, led by […]
Israeli energy storage company Tigo Energy has agreed a SPAC merger with Roth CH Acquisition IV at a company valuation of USD 600 million. White & Case advised Tigo Energy, a leading provider of intelligent solar and energy storage solutions. The team was led by M&A partner Bryan Luchs, and Capital Markets partners Colin Diamond (both in New York) […]
