Hitech

The Israeli high-tech industry does not stop breaking records. According to Start Up Nation Central (SNC), a company that connects the Israeli high-tech industry to organizations and investors from around the world, start-up companies in Israel have raised over $ 10.5 billion since the beginning of the year - the amount raised in 2020 as a whole. In the last few days alone, Gong and Verbit have announced huge fundraisers of $ 250 million and $ 157 million, respectively. The huge fundraising phenomenon of high-tech companies coming close to their other fundraisers is another feature of the...

Years of regulatory stagnation, problematic government policies and the relentless exchange of ministers in the responsible ministry have brought the Israeli communications market to a significant laggard vis-à-vis the Western world in terms of communications infrastructure - both fixed and mobile. An internal report by Dr. Ofer Raz-Dror, VP of Economics at the Ministry of Communications, presents a rather bleak picture of the country's infrastructure. Israel lags significantly behind the world in deploying stationary infrastructure and is below the EU average, very far from the...

After the average wage in the economy for Israeli workers rose in February and March and reached a peak of NIS 12,740 - it fell in April by 6.9% compared to the previous month to NIS 11,661. This is according to data published by the Central Bureau of Statistics (CBS). During the crisis, which may explain the sharp decline in the average wage this month. The largest increase in the number of employee jobs was in the accommodation and food services industry - 12.5% ​​and in the entertainment and leisure arts industry - 11.1%. These industries were the main victims of the Corona crisis, and...

An investigation by a global media consortium based on leaked targeting data provides further evidence that military-grade malware from Israel-based NSO Group, the world’s most infamous hacker-for-hire outfit, is being used to spy on journalists, human rights activists and political dissidents. From a list of more than 50,000 cellphone numbers obtained by the Paris-based journalism nonprofit Forbidden Stories and the human rights group Amnesty International and shared with 16 news organizations, journalists were able to identify more than 1,000 individuals in 50 countries who were...

The Israeli company PandoLogic, which assists large companies in recruiting employees through artificial intelligence, is being sold to the American company Veritone for $ 150 million in cash and shares, the American company announced. Veriton, based in Costa Mesa, California, is developing the first artificial intelligence operating system, and the acquisition will allow it to expand into the field of manpower and recruitment. The deal consists of $ 50 million in cash, $ 35 million in Veriton shares, and $ 65 million in cash and shares - another amount that depends on the company's...

Three Israeli universities were ranked among the top 100 universities in the world in 2021, in the Shanghai index, which is considered one of the main indices for university rankings. This is the first time since 2013 that three Israeli universities have managed to make the list. This is despite the government's attempts to harm their public status. The Hebrew University was ranked 90th in the ranking and as the leading university in Israel, after failing to make the list of the top hundred in the previous year. According to the ranking, the Hebrew University is ranked 25th in the world in...

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...