Transmit Security raised $543 million; Lendbuzz raised $360 million; Vianai Systems raised $140 million; Firebolt raised $127 million; Hailo raised $110 million; Unit raised $51 million; JoyTunes raised $50 million; Tonkean raised $50 million; KAHR Medical raised $46.5 million; DataRails … Continue reading →

Israeli AI chipmaker Hailo (see here previously) completed a $110 million funding round at a valuation of $1.1 billion, making it the latest Israeli company to join the “Unicorn” list. https://www.calcalistech.com/ctech/articles/0,7340,L-3910807,00.html

Israel’s Transmit Security (see here previously) leaped in value to become another Israeli startup to gain the status of a “Unicorn”, with the largest Series A investment in the history of cybersecurity. The $543 million of new funds gives Transmit … Continue reading →

Music education startup JoyTunes (see here previously) has just completed a $50 million funding round at a $1 billion valuation, giving it the financial status of a “Unicorn”. https://www.calcalistech.com/ctech/articles/0,7340,L-3910571,00.html

The Hilton hotel chain is looking forward to the end of the pandemic. It announced plans to build two new hotels on Tel Aviv seafront. In total there will be 577 rooms in the two hotels, which will be housed … Continue reading →

Paid Time Off (PTO) is often unusable until an employee terminates their job. Israel’s Sorbet has developed a platform that allows employees to convert unusable PTO into cash. Sorbet buys out PTO and gives employees virtual prepaid cards for travel … Continue reading →

Israel’s Aquarius Engines (see here previously) and UK’s Kampac International (KIP) are forming the Middle East Aquarius Automotive company to produce automotive products based on Aquarius technology in the United Arab Emirates. KIP will invest up to $1.2 billion in … Continue reading →

Deloitte Israel and Deloitte US are to mentor a second group of seven Israeli startups that wish to grow their business in the US after the pandemic. The Launchpad program will advise on strategy, relocation, sales infrastructure, and access to … Continue reading →

Entrepreneur and JVP chairman Erel Margalit has launched Startup City.Galil – a unique studio for startups in the fields of foodtech and agritech in the Galilee. It will provide members with a range of laboratory infrastructure, and dozens of researchers … Continue reading →

The Bank of Israel has issued digital currency for a first internal pilot program prior to the possible issue of a digital Shekel. Israel’s Central Bank Deputy Governor Andrew Abir has been tasked with examining the need for a Central … Continue reading →