Financial

Iron Source has announced a $ 2.3 billion fundraiser. The raising represents a value of $ 11.1 billion for the company. Of that amount, the company's shareholders will receive $ 1.5 billion. About 50% of the shares are with the company's founders, about 40% with the company's investors and about 10% with the employees. Iron Source merges with Thoma Bravo's Spock Company, a private equity fund that, among other things, acquired the Israeli-American Impreva. As part of the merger, $ 1.3 billion was raised in PIPE, a private investment in a public company, and the rest comes from the Spock...

The households of the Arabs in Israel are very vulnerable in relation to the households of the Jews, and accordingly suffered more severe damage during the Corona period, according to a report published by the Bank of Israel. The main reasons for this are low income and savings and lack of adequate infrastructure. The report noted that even before the corona, the Arab household was vulnerable: its average monthly income in 2018 was NIS 12,000 on average, compared with 18,000 in a Jewish household - a gap of 32%. 45% of Arab households are below the poverty level. Only in 29% of Arab...

Elbit Systems, managed by Bezalel Machlis, won a $ 1.65 billion contract to build and operate a Greek Air Force flight training center as part of an agreement signed between the Israeli Ministry of Defense and the Greek Ministry of Defense. As part of the contract, which will be executed in the next 20 years, the company will provide new M-346 (Lavi) training aircraft and will strengthen the entire training squadron array, consisting of dozens of M-346 and T-6 (Efroni) training aircraft. Elbit Systems will also provide an innovative layered training avionics to be installed on the...

Shikun VeBinui, controlled by Nati Saidoff, continues to expand its activities in the renewable energy market in the United States. Shikun VeBinui acquired 49% of a 400-megawatt energy storage facility under construction north of Los Angeles for NIS 190 million. By the Swiss investment fund Capital Dynamics, which specializes in investing in renewable energy assets. The project was purchased from Strata Solar and is located in the city of Oxnard, located 40 km north of Los Angeles. It was established at a total cost of NIS 750 million, financed in equal parts by equity and bank financing...

Doral shares rose 9.75% at the start of trading, after the company signed a huge deal to partner with the insurance company Migdal in renewable energy investments in the US. Migdal will invest $ 110 million in the purchase and allotment of 20% of the shares of Doral's American subsidiary Doral. Energy Generation (Doral Energy Generation) With the completion of the transaction, Doral's holding in the subsidiary will decrease from 50.1% to 41%, and the American partner Nicholas Cohen, who will sell shares in Migdal for $ 20 million, will hold 39% of the shares of The subsidiary. Migdal will...

The Minister of Finance, Israel Katz, announced that he had agreed with the Director of the Tax Authority on the outline of compensation for indirect damages due to Operation The Wall Guard. This means that gates in the south, such as Ashkelon, Sderot and Beer Sheva, will receive compensation, but the Gush Dan and Shefela areas will not receive any compensation, even though they have received rocket fire. The compensation will be given to businesses for a decrease in business turnover or for wages paid to employees who are absent due to the security situation. Businesses in the Gaza...

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 -...

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...