Articles by September, 2021

The Israeli cyber company Cybellum is acquired by the Korean giant LG. Seiblum was founded in early 2016 and has raised $ 15 million so far. LG acquires 64% of the company for $ 140 million, at a value of $ 220 million. "The remaining shares will be acquired in the near future, after the company's final valuation," the exit announcement now said. LG will also invest an additional $ 20 million in the company, bringing the company's value to $ 240 million after the money. Sybelum is a company in the field of car cyber. "We are developing a solution that helps car manufacturers and suppliers...

Bank Leumi reported that it has signed a deal with the American Valley National Bank under which Leumi USA and the American bank will merge at a value of $ 1.2 billion. Thus, after the merger, Leumi USA will hold 14.2% of the merged bank and will be the largest shareholder in the bank - but not a controlling shareholder. Bank Leumi is expected to post a profit of up to NIS 750 million from the transaction. The merger The transaction is subject to regulatory approvals and the approval of the General Meeting of Bank Valley. The merged bank will be the 29th largest bank among the banks traded...

The US House of Representatives this evening (Thursday) approved by a majority of 420 supporters against nine to provide Israel with a total of $ 1 billion in aid for the purpose of equipping interceptors and Iron Dome batteries. The bill will go to a Senate vote and then pass to Biden for approval. The law has won support from all parts of the House - Democrats and Republicans. Of the few opponents, eight were Democrats - most of them progressives known for their opposition to American aid to Israel - and one Republican. Opposing Republican Thomas Massey explained on Twitter: "My 'no to...

The number of corona patients hospitalized in critical condition continues to decline and tonight (Saturday) their number stands at 694, compared to 741 on Wednesday. However, there has been an alarming increase in the number of serious patients connected to respirators and their number stands at 221 - a record in the fourth wave. Among the severe patients - 486 are not vaccinated, 134 are vaccinated in two doses and 56 are vaccinated with a booster dose. No data were provided for the other severe patients. The rate of severely unvaccinated patients now stands at 72%. Among severe patients...

The Jerusalem-based Lightricks company is currently completing a $ 130 million round of funding in the fourth round. $ 100 million of that amount will be invested into the company and the rest will be sold at a secondary sale (Scandry, a deal that allows existing shareholders and employees to exercise their holdings before the company is sold). The company's fourth round of funding was led by Insight Partners and Hanaco Ventures. The round was held with the participation of existing investors, including Goldman Sachs, Claltech, Harel Insurance and Finance and Greycroft, and was joined by...

Prime Minister Naftali Bennett addressed the UN General Assembly in New York. In his remarks, Bennett addressed the Iranian issue and the need to harness the international community against Iran, alongside the fight against the Corona plague. A torch of democracy, deliberately diverse, innovative in nature and determined to contribute to the world. For too long, Israel has been defined by wars with our neighbors. But this is not the essence of the State of Israel. Israelis do not wake up in the morning thinking about the conflict. "Israelis want to live a good life and build a better world...

Nearly 50,000 daycare children in kindergartens and lower grades of elementary schools will return to activity on Wednesday morning after the Sukkot holiday - and tomorrow Thursday the entire education system will return after long weeks of the holiday season. The daycare principals were instructed not to allow the entry of the children who would not present a signed parent declaration of a negative result in the antigen tests, as well as in the schools that would welcome the pupils and pupils tomorrow. Data from the Ministry of Education show that so far 1.15 million home tests have been...

Israeli exports grew by 24% in the first half of 2021, according to data published today (Sunday) by the Foreign Trade Administration at the Ministry of Economy. The data show a sharp increase in exports, mainly in light of the fact that in the first half of 2020 the corona crisis erupted which led to a sharp decline in world trade. Total exports from Israel in the first half of 2021 amounted to $ 67.6 billion. According to estimates by the Ministry of Economy, Israeli exports are expected to reach $ 135 billion this year, an increase of 20% compared to 2020, and of $ 15 billion compared...

Good news for the pharmaceutical company Teva. Teva's subsidiary in the United States has reached an agreement with the state attorney general of the state of Louisiana, which settles the state's lawsuits dealing with opioids. The agreement is subject to final approval by the state on November 1st. Under the agreement all the counties in the state release Teva from the claims as part of the arrangement. Under the terms of the arrangement, Teva will pay Louisiana $ 15 million over 18 years, and will provide an additional contribution of life-saving drugs, valued at $ 3 million (at retail...

Successful exit for the Israeli cyber company Guardicore: The American company Akamai has announced that it will acquire the Israeli company in a $ 600 million cash transaction and integrate its security solution into its Zero Trust basket of solutions. The closure of the transaction, which is subject to acceptable closing conditions, is expected to occur in the fourth quarter of 2021. To the purchase amount will be added the cash in the Guardicor fund, which will be divided among the shareholders and employees, as well as an additional amount that will be used as a package for employee...