Hitech

The Solaredge company significantly exceeded analysts' forecasts, as well as the forecasts it provided to the market regarding its revenues in the first quarter of 2022, under the auspices of a surge in energy prices in the wake of the Ukraine war. However, the company missed earnings per share forecasts, due to the component crisis and the jump in transportation costs. Solaredge released a second-quarter revenue forecast for 2022 that was higher than market forecasts, and its stock responded with a 2% increase in late trading

The data published by the Central Bureau of Statistics (CBS) show that by narrow definition, the unemployment rate reached only 2.9% in the first half of April, compared with 3.4% in March and 3.8% before the corona crisis. Labor, stood at only 4.4%, compared to 4.8% in March, however, the employment rate was 61.0%, compared to 61.3% in the second half of March

The Innovation Authority today released its comprehensive report for 2022, which raises a number of issues that are of great concern to the local high-tech industry. The State of Israel is failing to integrate ultra-Orthodox and Arabs into the high-tech industry in significant numbers, despite investing tens of millions of shekels in efforts to integrate them into high-tech. According to the report, Israel ranks first in OECD countries in terms of R&D expenditure relative to GDP. In 2019, Israel first crossed the 5% threshold in this index, and in 2020 the figure was already 5.44%. On the...

The Israeli start-up company Anodot joins Ituro, Verbit, Bizabo, Transmit, Sqream, Leitrix and Nexar in the current wave of layoffs in high-tech and is laying off 35 employees, who make up 27% of the workforce in a company that employs 129 people. The layoffs will be from all parts of the company, which was established in 2014 and has raised about $ 62 million to date, including Intel Capital, Softbank Ventures Asia, Samsung NEXT, La Maison, Keren Alef and Disruptive Technologies

Along with the crisis in high-tech - there is also an exit: in the days when many Israeli high-tech companies are making layoffs and experiencing declines in stock prices and market value, Databand.ai, also Israeli, is being acquired, the acquiring company, IBM, announced today (Wednesday). The companies did not give the amount of the deal, but according to market estimates it is tens of millions of dollars. Databand.ai offers a real-time data monitoring solution that helps organizations fix problems with their data - including errors and failures in data flow, and its poor quality -...

U.S. President Joe Biden, pausing from political pressures to bask in the glow of the cosmos, on Monday released the debut photo from NASA's James Webb Space Telescope - an image of a galaxy cluster revealing the most detailed glimpse of the early universe ever seen. Reuters reports that the White House sneak peek of Webb's first high-resolution, full-color image came on the eve of a larger unveiling of photos and spectrographic data that NASA plans to showcase on Tuesday at the Goddard Space Flight Center in suburban Maryland. The $9 billion Webb observatory, the largest and most...

Elbit Systems reports another huge deal, in which it will provide the European country with intelligence systems for $ 660 million. The contract will be performed over a period of four years and includes a maintenance period of an additional ten years. Most of the revenue will be recognized over the four years of delivery of the orders, and some will be recognized throughout the maintenance period

The Innovation Authority announced the group of companies selected to establish the Israeli Quantum Computing Center with a budget of NIS 100 million for three years. The group will be led by the Israeli start-up company Quantum Mashins, and the Israeli start-up Classic will also participate. The quantum processors will be provided by three foreign companies: Quantware, ORCA Computing, and cold quanta

After a long series of cuts in the startup companies and the unicorns, it is the turn of the public high-tech companies. The Fiverr company, which was considered one of the most successful Israeli IPOs of recent years, informed its employees of the layoff of 60 employees, half of them in Israel. Fiverr developed a platform to connect freelancers with organizations and enjoyed a tremendous boom during the Corona period which led to the recruitment of many employees to meet the load of demand

Talon Cyber ​​Security, developer of the first secure browser for enterprises, has completed a $100 million Series A funding round. The round was led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike's Falcon Fund, Merlin Ventures, SYN, and existing investors George Kurtz, founder and CEO of CrowdStrike, Lightspeed Venture Partners, Sorenson Ventures and Team8 Capital. The round brings the total amount that Talon has raised since its inception to $126 million.The fundraising funds will be used to continue developing and improving the product and speeding...