Disappointment for Elbit: Lost a huge $7 Billion tender in the US
Elbit's Roem-based SIGMA lost a $7B US Army tender to Hanwha's K9. The US will buy 18 systems for $263M, marking its first South Korean weapon purchase.
Tech & Start Ups
The company collapsed - then sold its employees' messages to Google for $10 Million
'Think before you type': Expert explains how Yahalomi case shows dangers of sharing all with an AI
German giant acquires Israeli company for $575 million
Shay Gal launches line of state
An international strategic practice for state files where policy becomes power
$7.6 billion in half a year: Tech fundraising surged by 52%
The innovation industry concludes a dream first half with $7.6 billion, led by cyber and foreign investors.
AI arrives for reserve soldiers in a free training program by a tech entrepreneur
Amid ongoing security challenges and heavy workloads, Prakti AI is launching a long-term initiative offering hands-on training in leading tools transforming today’s job market.
Aligned is raising $60 million
After being ranked at the top of G2's summer reports, the Israeli company Aligned signs an impressive Series B funding round.
Israel pushes for deep tech start ups with Israel Innovation Authority’s new funding program
The Israel Innovation Authority will offer up to NIS 1 million more in funding through its startup fund to deep tech companies in the early stages of development.
Tech workers laid off and collapsing under the mortgage burden
Crash course: The AI and the dollar are emptying the tech sector, and mortgages are threatening those laid off.
Tech Talk: Lightkey, the AI-powered Israeli startup transforming writing
People haven’t stopped typing. They’ve simply moved elsewhere.
After Wix: Elementor fires about 30% of its employees
Only a month after the massive cuts at Wix, the website development company Elementor joins the wave and will part ways with about 100 employees.
The rate of young Haredim in tech has tripled
While the issue of Haredi conscription continues to agitate Israel, a first-of-its-kind study reveals a significant leap in the integration of Haredim into the tech sector.
Cyber security company NewCore raises $66 million
Among the investors in the company's round, which was founded by serial entrepreneurs and 8200 alumni: Assaf Rappaport, Yevgeny Dibrov, and Ofer Ben-Noon.
