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high-tech

Salesforce completes $2 billion acquisition of Israeli unicorn Own

Israeli cloud backup firm, valued at $3.3 billion in 2021, sees decline in valuation with deal; primary beneficiaries include founders, Israel’s Vertex Ventures and US funds Insight, BlackRock and Tiger Global

Omer Kabir, Calcalist | 11.18.24

Despite war-induced economic strain, Israeli tech sees surge in massive fundraising rounds

Ongoing war, economic pressures and budget cuts haven’t slowed Israeli high-tech; recent fundraising shows sector's resilience, with new and smaller investors stepping in as major funds pull back; experts project 2024 investments could reach $10 billion

Tal Shahaf | 11.01.24

נוסע חרדי בשדה התעופה נתב"ג, עת היערכות לתקיפה איראנית

High-tech industry offers flights to US in private deal

Tech industry officials say tickets are to be sold at pre-war prices on chartered planes after most international airlines suspend flights to Israel leaving companies stranded

Calcalist, Meir Auerbach | 10.31.24

'Clear warning sign': Israel's high-tech employee numbers stagnate

New Israel Innovation Authority report shows number of new tech workers entering sector has diminished greatly since 2022; report commends sector for withstanding Gaza war

Israel Wolman | 09.23.24

Half of Israel's high-tech companies report canceled investments since start of war

Report by Start-Up Nation Central reveals that some 70% of companies are concerned about their ability to raise capital in the coming year, nearly half of the northern-based firms are considering relocating abroad, and most companies and investors lack confidence in the current government's ability to lead the industry’s recovery efforts

Israel Wullman | 09.12.24

Against all odds, Israeli innovations succeed as war impedes funding

Israeli companies like Dig Robotics innovate amid crisis, advancing AI and robotics despite a 55% drop in fundraising and logistical challenges

Maayan Hoffman, Veronica Neifakh, The Media Line | 09.01.24

Israeli tech companies continue to struggle amid war, local report shows

Data from Israeli group investing in 50 leading Israeli tech companies shows promising companies lost millions in valuation amid local and international troubles

Meir Orbach/Calcalist | 08.26.24

High-tech's growing influence: 36% of Israel’s income tax comes from tech workers

Over a period of six years, nearly 100 billion shekels were collected from the income tax payments of high-tech employees

Meir Orbach, CTech | 08.13.24

Wiz backs out of $23 billion Google deal, eyes IPO instead

CEO Assaf Rappaport announces in memo to employees company now eyeing ambitious IPO plan and $1 billion in annual recurring revenue within next year after talks with tech behemoth break down

News agency | 07.23.24

Amdocs to slash workforce by 3,000 in latest round of layoffs

Software giant aims to reduce workforce by up to 10% in order to 'adjust operations'; many of company's Israeli employees estimated to be affected

Meir Orbach/Calcalist | 07.19.24

The surprising Israeli investors who are cashing in on Google's Wiz deal

While Israel's cybersecurity sector is abuzz with the largest upcoming exit deal in the country's history, some are set to profit more than others

Sophie Shulman, Meir Orbach/Calcalist | 07.18.24

Wiz acquisition offer is a show of trust in Israeli high-tech

Analysis: Google's offer to acquire Israeli-founded cloud security company could become the country's largest deal in history, invigorating the market for foreign investors

Tal Giladi | 07.15.24

High-Tech salaries in Israel take nosedive in April

Sector sees average salaries falling from record high in March, overall number of salaried positions decreases slightly compared to previous month and year

Gad Lior | 07.06.24

Biotech company founded by Google parent Alphabet to leave Israel in 2024

Verily spokesperson says in statement move has no relation to the ongoing war in Gaza and is being done as an overall company strategy

News Agencies | 06.30.24

SAP acquires Israeli software company WalkMe for $1.5 billion

Cash purchase represents 45% premium on WalkMe's shares, now valued at $880 million; company's staff will be integrated into SAP's development centers in Israel

Sophie Shulman | 06.06.24