Financial

The industrial cyber company Clarotti raised $ 140 million in Round D
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by Ifi Reporter

Category: Financial

The industrial cyber company Clarotti raised $ 140 million in Round D. The company declined to state the value at which it raised, but learned that it stands at $ 1 billion. This is the company's first recruitment since 2018. The round was co-led by Bessemer Venture Partners' Century II growth fund, set up to invest in market-leading companies, and 40 North, the investment arm of global industry giant Standard Industries. Other strategic investors who participated in the round are LG and I Squared Capital's ISQ Global InfraTech Fund. In addition, all previous investors in Clarotti -...

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Jun 17, 2021

Vianai Systems  has raised $140M in a Series B financing from SoftBank Vision Fund 2*
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by Ifi Reporter

Category: 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...

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Jun 17, 2021

WeSure acquires  control of about 50% in the Ayalon Holdings Group at a value of NIS 700 million
418 Views Details

by Ifi Reporter

Category: Financial

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...

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Jun 27, 2021

Israeli "Enlight" acquires 90.1% of the American company Clenera for up to $ 390 million
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by Ifi Reporter

Category: Financial

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...

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Jun 30, 2021

Finance minister Avigdor Lieberman, has decided to increase the income supplement for seniors
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by Ifi Reporter

Category: Financial

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...

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Jul 26, 2021

The average wage in May was NIS 11,300, A decrease of 3% - the number of jobs rose by 15%
476 Views Details

by Ifi Reporter

Category: Financial

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...

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Aug 4, 2021

Paz will acquire Freshmarket for NIS 2.1 billion in cash and reflects a 14% premium on it's value
916 Views Details

by Ifi Reporter

Category: Financial

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...

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Aug 4, 2021

El Al might send 800 employees to unpaid leave due to the sharp decline in the company's operations
711 Views Details

by Ifi Reporter

Category: Financial

Four destinations remain on the list of European countries to which travel is permitted, and do not require returnees from them in a week's isolation. This decision, and the refusal of the Ministry of Health to adopt the airlines' proposals for an abbreviated isolation outline, bring Israeli airlines closer to a situation in which they will be forced to open a new and extensive round of layoffs. Israeli airlines are sharply criticizing government ministries, which have adopted stricter policies on the movement of Israeli passengers. This is in stark contrast to other countries, which...

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Aug 10, 2021

Castro expands into items for the home sector and opens 15 homewear complexes
1725 Views Details

by Ifi Reporter

Category: Financial

Castro expands into items for the home: The fashion company today (Sunday) launched 15 homewear complexes under the CASTRO HOME brand. The complexes are located inside Castro stores in three malls in B'Shlosha, as well as in Ashkelon, Jerusalem, Haifa, Ashdod, Sakhnin, Kiryat Ata, Rosh Pina, Rishon LeZion and Hadera. Only one store is entirely dedicated to items for the home - and is located in the Gan Ha'ir mall in Tel Aviv. Even earlier Castro had already started selling home items on its website. Among other things, she sells: bedding, towels, cutlery, vases, candles, picture frames,...

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Aug 22, 2021

 Directors of public hospitals have threatened to stop accepting Corona patients from Monday
311 Views Details

by Ifi Reporter

Category: Financial

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...

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Aug 22, 2021

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