Israeli tech firms have raised a staggering $17.8b so far this year – almost double the total for the same period last year, and over 70% more than for the whole of 2020.  October’s $3 billion investments were an all-time … Continue reading →

Tech giant Oracle has inaugurated its new data center in Jerusalem, which will function as a cloud provider for Israeli clients.  The facility covers thousands of square meters, over four floors and over 50 meters underground. Oracle also announced plans … Continue reading →

Israel’s cumulative fiscal deficit for the twelve months to the end of October 2021 narrowed to NIS 47.1 billion.  It represents 5.5% of GDP, which is far less than the 7.2% at the end of September. https://en.globes.co.il/en/article-budget-deficit-narrowed-sharply-in-october-to-55-1001390172

US mega-chain 7-Eleven is to open hundreds of Israeli stores. However, unlike other locations, they will be closed on Shabbat, the Jewish day of rest, from Friday evening until Saturday night. Local company Electra will invest NIS 60 million in … Continue reading →

Israel’s HiBob (see here previously), the company behind human resources management platform ‘bob’, is raising $150 million at a $1.65 billion valuation. Meanwhile Israeli biotech startup Immunai (see here previously) has raised $215 million at a valuation of just over … Continue reading →

Deel raised $425 million; TripActions raised $275 million; Wiz raised $250 million; Immunai raised $215 million; Cato Networks raised $200 million; HiBob raised $150 million; Hailo raised $136 million; Arbe Robotics raised $118 million (IPO); SeaLights raised $30 million; Karma … Continue reading →