Israeli work management company Monday.com (see here previously) has reached $1 billion in annual recurring revenue (ARR). The company said it recently achieved this financial milestone, a decade after it launched its Work Operating System (Work OS) and 8 years … Continue reading →

Israel’s Defense Ministry has awarded Israel’s Elbit Systems a 10-year, 1.5 billion contract to build and operate a state-of-the-art munitions factory. Its strategic aim is to give Israel military autonomy in the face of slowdowns and stoppages of arms exports … Continue reading →

Cytactic raised $16 million; IR-Med received $0.5 million from the Israel Innovation Authority.

Israel’s Check Point has acquired Israel’s Cyberint Technologies for $200 million; Computer giant Cisco is to acquire Israel’s Robust Intelligence.

To encourage immigration, Israel is to expand tax benefits granted to new citizens who purchase their first home in the Jewish state. On homes valued between 1.98 million and 6 million shekels they will now pay 0.5% purchase tax instead … Continue reading →

The Israel Innovation Authority has launched a NIS 35 million fund to encourage high-tech companies to expand into Israel’s Northern and Southern regions. It is part of a program called “Leap to High-Tech” that will help companies open new branches … Continue reading →

The IVC & LeumiTech Israeli Tech Review reports that 226 Israeli startups raised $4.78 billion in H1 2024 – 36% more than in the first half of 2023. Startup Nation Central also reported strong support for Israeli tech startups. Calcalist … Continue reading →

The Central Bureau of Statistics reports that Israel’s unemployment rate in July fell to 2.8%,  down from 3.1% in June. 63% of Israelis aged 15 and older participate in the labor force. https://www.jpost.com/israel-news/article-815692