PalWallet, a UK-registered fintech company, has unveiled a strategic collaboration with Tectona, a publicly traded firm on the Tel Aviv Stock Exchange specializing in blockchain and digital assets.

The joint venture will introduce an advanced digital wallet in Israel, enabling individuals and businesses to trade cryptocurrencies while integrating account management and smart payment solutions.

This partnership represents a major step forward for Israel’s fintech industry, expanding digital payment capabilities and enhancing cryptocurrency accessibility.

Gornitzky & Co. played a key role in structuring the agreement for PayWallet, ensuring a strong foundation for the initiative’s success.

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Herzog Fox & Neeman advised Evolution Equity Partners, with legal guidance provided by partner Aviram Hazak and associates Zahava Moerdler and David Azimov.

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This award follows Egged’s previous success as part of the Tevel consortium, which won the Red Line tender in October 2021. However, some government ministries have opposed the decision, citing concerns over one operator managing multiple lines. Despite this, NTA Metropolitan Mass Transit System Ltd. proceeded with the contract, aiming to streamline operations and ensure the efficient rollout of Tel Aviv’s expanding rail infrastructure.

Read more here

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Economic ties have also deepened, with Israel ranking among the top ten sources of foreign direct investment in the UK in 2023-2024.

Nineteen Israeli companies expanded or established UK operations, creating 532 new jobs. Over the past five years, more than 400 Israeli firms have invested over USD 1.14 billion, generating approximately 4,000 jobs.

Notable contributions include Optibus, an AI-driven public transportation optimization company that powers 70% of the UK’s public buses, and Nofar Energy, which secured USD 193 million for the Cellarhead project, one of the UK’s largest energy storage ventures at approximately 624 MWh.

The UK-Israel Tech Hub, founded in 2011, has played a pivotal role in fostering technology partnerships. In 2023-2024, it facilitated 80 strategic collaborations and secured over USD 1.26 million for health-tech R&D.

Programs like The Dangoor Health-Tech Academy have connected Israeli startups with the UK healthcare sector, advancing AI diagnostics, mental health solutions, and personalized treatments. These efforts highlight the growing significance of science, technology, and trade diplomacy in driving economic progress.

Read more from the Jerusalem Post here

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The industry’s resilience amid geopolitical and economic challenges highlights Israel’s continued dominance in global cybersecurity innovation.

Early-stage investments grew, with 58 seed deals, reflecting a 9.5% increase, but Series A and B rounds declined by 21% and 36%, respectively, signaling hurdles in mid-stage funding. However, late-stage funding saw significant gains, with Series C rounds up 40% and advanced-stage investments also rising by 40%, emphasizing the sector’s maturation.

Despite increased funding, exit values fell 37% to USD 4.39 billion, down from USD 7.1 billion in 2023, as mergers and acquisitions drove most transactions while IPOs remained scarce. With strong foreign investment and a dynamic mix of emerging startups and established players, Israel’s cybersecurity sector continues to lead on the global stage.

Read more in Calcalist.

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According to Calcalist Tech, numerous companies have raised funding to scale their technologies and expand into global markets.

Notable rounds include Quantum Machines, which secured USD 170 million at a USD 700 million valuation to push advancements in quantum computing, and Rapyd, which raised USD 500 million to finalize its USD 610 million acquisition of PayU, expanding its workforce and revenue.

In cybersecurity, Cybereason landed a USD 120 million investment from SoftBank and Liberty Strategic Capital after overcoming financial challenges, while Pentera secured USD 60 million at a valuation exceeding USD 1 billion to accelerate U.S. expansion. AI-driven startups are also making strides, with Brain.space raising USD 11 million to integrate real-time brain data into AI and Voyantis securing USD 41 million to enhance predictive analytics in marketing.

Other significant investments include Nofar Energy’s USD 193 million for the Cellarhead project, a large-scale energy storage initiative, and Blockaid’s USD 50 million to combat rising crypto security threats. As Israeli startups continue to attract global investors, the industry’s rapid innovation underscores the country’s role as a powerhouse in emerging technologies.

Read more from Calcalist here

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The 12 licenses, covering 1,700 square kilometers in the Mediterranean Sea near the Leviathan gas field, were initially granted in October 2023 but formally signed on March 17, 2025, in the presence of Azerbaijan’s Economy Minister Mikayil Jabbarov and Israel’s Energy Minister Eli Cohen. The consortium will conduct seismic and geological surveys, with potential drilling based on findings.

The partnership structure designates SOCAR as the operator with a 33.34% stake, while BP and NewMed Energy each hold 33.33%. This initiative reinforces Israel’s commitment to expanding natural gas production for domestic use and export, strengthening energy security and international collaboration.

Arnon represented SOCAR in this transaction.

Read more in Reuters.

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This move strengthens Google’s cloud security offerings as it competes with Amazon Web Services (AWS) and Microsoft Azure in the enterprise cloud market.

Founded in 2020 by former Microsoft and Adallom executives Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, Wiz rapidly became one of the fastest-growing cloud security firms, serving major Fortune 100 clients.

The acquisition builds on Google’s USD 5.4 billion purchase of Mandiant in 2022, reinforcing its commitment to cybersecurity.

Despite initial resistance to acquisition talks in favor of an IPO, Wiz accepted Google’s enhanced offer, which includes USD 1 billion in retention bonuses for employees to ensure leadership continuity. The deal is expected to face FTC regulatory scrutiny, though shifting policies in Washington may favor approval. This acquisition underscores the escalating battle among tech giants to secure enterprise clients through advanced cybersecurity solutions.

Google was advised by Freshfields Bruckhaus Deringer with Cleary Gottlieb advising on regulatory issues. Fenwick  advised Wiz, with Meitar and Cravath as company’s regulatory counsel.

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The deal enhances Armis’ capabilities in securing operational technology (OT) and cyber-physical systems (CPS), reinforcing its presence in critical industries such as energy, utilities, and manufacturing. Otorio’s Titan platform will integrate into Armis’ Centrix suite, enabling an on-premises, air-gapped security solution for industrial operations.

This marks Armis’ third acquisition within a year, following its purchases of AI security startup CTCI and risk prioritization firm Silk Security. The transaction aligns with Armis’ rapid growth, fueled by its USD 200 million funding round at a USD 4.3 billion valuation.

Analysts view these moves as part of Armis’ preparation for an IPO.

Meitar advised Armis.

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The transaction unfolded in a challenging environment following Intel’s cancellation of a major project with Teva Tash, significantly affecting the expected exit valuation and financial outlook.

This development underscores shifting business strategies in the tech and corporate sectors. Legal representation included Lustigman Lefler for Shapira, led by Oren Lustigman, Gal Turgeman, and Michal Levy; Lipa Meir for Rimon Consulting, represented by Gary Copelovitz, Dr. Yariv Ilan, and Natalie Shva; and Meitar for Avi Cohen.

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