Meir Orbach / CTech
ARTICLES BY: Meir Orbach / CTech
Snap Sacks Dozens of Employees in Israel, to Close Herzliya R&D Center
CTech - Snap is laying off around 30 employees in Israel, most of them from its R&D center in Herzliya. The center was based on...
NSO Lays Off 100 Employees, CEO Shalev Hulio to Step Down
CTech - Offensive cyber company NSO is laying off 100 of its 700 employees, Calcalist has learned. In addition, co-founder and CEO Shalev Hulio will...
Quantum Machines to Establish Israeli Quantum Computing Center in $30 Million Deal
CTech – The Israel Innovation Authority has chosen Israeli startup Quantum Machines to establish the Israeli quantum computing center with a budget of 100 million...
Mobileye IPO Set to Be Postponed
CTech – Intel and Mobileye announced last December the former’s plans to take the self-driving car unit public in the United States in mid-2022. However,...
Investment in Israeli High-Tech Startups Plummets by 31% in Q2
CTech – Investments in Israeli high-tech companies fell to $4.5 billion in the second quarter of 2022, a drop of 31% compared to the corresponding...
Founder of Israel’s Gett Partnering With NBA Stars to Take US Lottery Tickets Online
CTech — Roi More, one of the founders of Gett, is focused these days on revolutionizing lottery tickets with his new company Jackpot. In the United...
Walmart to Acquire Israeli Augmented Reality Startup Memomi
CTech – Walmart is acquiring Israeli-founded Memomi, an augmented reality (AR) optical tech company. Memomi, which employs just 10 people, all of them in Israel,...
Israeli Startup Gloat Raises $90 Million Series D Led by Al Gore’s Investment Firm
CTech – Gloat, which has developed an AI-powered talent marketplace, announced on Tuesday the completion of a $90 million Series D round led by Generation...
Starburst Acquiring Israeli Startup Varada for Approximately $60 Million
CTech - Israeli startup Varada, which develops data lake analytics solutions, is being acquired by US company Varada. The companies did not reveal the size...
Why Israeli Unicorns With Plenty of Cash Are Making Significant Cuts
CTech – In recent days, three Israeli unicorns, Trax, OpenWeb and Cybereason, have announced the dismissal of more than 200 workers. Trax laid off 110...
Israel’s Air Doctor Raises $20 Million for Platform Connecting Ill Travelers Abroad With Local Private Doctors
CTech – Medical care and travel startup Air Doctor has secured $20 million in funding led by Lightspeed Venture Partners. Joining this round are Vintage...
Wiz CEO: ‘Anyone Who Thinks That Salaries in High-Tech Will Fall Is Wrong’
CTech – Assaf Rappaport, CEO of the cybersecurity company Wiz, sees the current downturn in the high-tech industry in a slightly different way and manages...
Gal Gadot Investing in Israeli Edtech Startup Safe School
CTech – Actress and film producer Gal Gadot and her husband Jaron Varsano have announced they are investing in ed-tech startup Safe School, founded last...
Israel’s Unit Raises $100 Million at $1.2 Billion Valuation for Banking-as-a-Service Platform
CTech – Unit, which has developed a banking-as-a-service platform that enables companies to embed financial services in their products, announced on Tuesday that it has...
