Financial

Vianai Systems, a Human-Centered AI platform and products company, today announced that it has raised $140M in a Series B financing from SoftBank Vision Fund 2* and several industry luminaries. Vianai will use the new capital to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide. For many enterprises, AI has not lived up to its hype. AI's true potential originates from the ability to put humans at the center of technological solutions. Vianai’s pioneering human-centered AI approach amplifies human judgment thus empowering domain experts...

WeSure GlobalTech reported the signing of an agreement to acquire control (approximately 50.44%) in the Ayalon Holdings Group from Adv. Moran Meiri, the estate manager of the late Levi Yitzhak Rahmani, the former controlling shareholder in the company. WeSure, which signed the deal with Ayalon on Friday, will pay NIS 354.5 million for the shares - that is, the deal was made at a value of NIS 700 million, while on the stock exchange Ayalon is traded at a value of NIS 500 million. WeSure indicates that they have several options for financing the transaction, and that they are currently...

Renewable energy company Enlight, managed by Gilad Yavetz, has signed an agreement to acquire 90.1% of the shares of the American company Clenera for up to $ 390 million - that is, at a company value of up to $ 430 million. The founders of the acquired company, its CEO and VP of Operations, will continue to hold 9.9% of Clinara shares and remain in office. The final consideration that Analyte will pay is conditional on the milestones of the development of the photovoltaic asset portfolio owned by the acquired company, and the continued tenure of the CEO and VP of Operations for a period of...

The Minister of Finance, Avigdor Lieberman, has decided to increase the income supplement for seniors. The benefit will increase by almost NIS 500 per person. The Ministry of Finance says that the move means that exercising the rights to receive income supplementation will allow the elderly to receive income above the poverty line. Income supplement is paid to adults whose income is low, usually without a pension, and who are mainly based on an old-age pension. The average benefit today is NIS 3,230 per person per month, and will now increase to at least NIS 3,710 per month. This amount is...

The average wage in the economy last May was NIS 11,300 gross, a decrease of 3% compared to April this year. This is according to data from the Central Bureau of Statistics. The number of jobs in May was 3.552 million, an increase of 15.5% compared to the same period last year and an increase of 1.1% compared to the previous month. The continued decline in the average wage in the economy can be attributed to the return of weaker workers to the labor market. Most of the laid off or workers who were expelled from the IDF were in occupations where the monthly income was low, especially in the...

Paz will acquire Freshmarket, controlled by Shlomi and Yossi Amir, for NIS 2.1 billion in cash (80%) and shares (20%). The transaction reflects a 14% premium on the value of a fresh market on the stock exchange. Simultaneously with the decision to acquire Freshmarket, the Paz Board of Directors decided to reject the two proposals it received for the acquisition of control of the company by Leumi Partners and by Shikun VeBinui. Leumi Partners offered to inject NIS 1.055 billion, in exchange for an allotment of 20% of Paz's shares at a company value of NIS 3.85 billion - and an option to...

The seven directors of public hospitals in Israel have threatened to stop accepting Corona patients from Monday - because they claim that the agreements with them have not been fulfilled. "We are here several months after signing an agreement with the Ministries of Finance and Health, and this agreement has been violated," said Shaare Zedek Hospital director Prof. Ofer Marin. These are the Shaare Zedek and Hadassah hospitals in Jerusalem, Laniado in Netanya, the Springs of Salvation in Bnei Brak, the English Hospital in Nazareth, and the Holy Family (Italian) and St. Vincent de Paul...

Itamar Medical is acquired for $ 538 million by American ZOLL Medical in a transaction that is entirely in cash. Itamar is a medical device company with a digital platform that focuses on diagnosing sleep apnea, which is traded in Tel Aviv and New York. In accordance with the terms of the agreement, which was unanimously approved by the boards of directors of each of the companies, Zol Medical will purchase in full the full share capital of Itamar Medical at a price of $ 31 for each deposit certificate (ADS), equivalent to $ 1.03 (NIS 3.31) for an ordinary share of The company. The offer...

The crisis at El Al. Kenny Rosenberg, the controlling owner of the airline, is demanding $ 100 million in compensation from the state. In addition, it rejects the Treasury's claim that it did not meet the previous aid conditions and did not alienate the company with $ 43 million as part of the issuance of EL AL shares for $ 105 million, which did not materialize due to the fourth wave of the corona. El Al, which in its financial reports carries a living business note due to its debts, applied to the state following the fourth wave for additional assistance in the amount of $ 150 to 200...

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...