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The Israeli company Demostack - which was the first to develop a platform for creating demos for sales teams of SaaS companies, has completed a $ 34 million B round of funding. Tiger Global Management led the round of funding, with the participation of Bessemer Venture Partners, Amiti Ventures and Operator Collective. A year ago, Demostack completed the $ 13.5 million A round of funding, and at the end of 2020, the company raised $ 4 million. In total, the company raised $ 51.5 million over the course of a year and a half

The relative security calm in Kiev and in large parts of Ukraine and the shift of the fighting to defined areas encourage the Israeli high-tech companies to return and recruit workers in Ukraine and even launch broad campaigns to absorb workers, with an emphasis on development positions. The company Optimove, which develops advanced marketing technologies for the companies' existing customers, currently employs 30 people through agencies in Kiev and Twiniitsa

Prolonged shutdown of three power plants, for the purpose of carrying out maintenance and renovation work, resulted in a decrease in the operating profit of the OPC company controlled by the Canon company of the Idan Ofer group. OPC, which is managed by Giora Almogi, lost NIS 11 million in the second quarter of 2022, an 85% decrease in loss compared to the corresponding quarter in 2021. The second quarter, which is a transition season in Israel and the US, is the seasonally weakest quarter in OFC's operations. The company operates two power plants in Israel and controls (70%) the American...

The increase in the number of corona patients in a difficult situation continues: data from the Ministry of Health show that 201 critically ill patients are hospitalized tonight (Saturday) in hospitals across the country, compared with 168 in the update before Shabbat. This is the highest number of serious patients since mid-April. There has also been an increase in the number of respirators and their number now stands at 31. Data from the Ministry of Health show that yesterday 2,435 positive for the virus were diagnosed in Israel and today another 1,589 were diagnosed. That means over the...

After three days of fighting, Western countries have agreed to impose the most severe sanction on Russia: cut off (not all) Russian banks from the Swift system, the World Interbank Financial Communications Association. This means that funds will not be able to flow out of and into the Russian financial system. The decision was supported by the European Union, Canada, the United Kingdom, France, Germany, Italy and the United States, which initially opposed it. This is a very extreme step. The decision was made to take "drastic measures" against Russia. "We will make sure that these banks are...

Prime Minister Benjamin Netanyahu said this evening (Thursday): "We have decided on the establishment of an official and complete peace between Israel and the United Arab Emirates." According to Netanyahu, "this is a historic moment." Netanyahu issued a statement following the agreement between Israel, the United States and the United Arab Emirates to postpone annexation in the West Bank in favor of normalization with the United Arab Emirates. However, the prime minister said at the press conference: "There is no change in my plan to apply our sovereignty in Judea and Samaria in...

Significant news for Holocaust survivors: Their annual pension will increase by more than NIS 2,500. A memorandum of law to increase the annual grant for Holocaust survivors has been circulated for public comment. As part of the budget discussions, Deputy Prime Minister Yair Lapid, Finance Minister Avigdor Lieberman and Minister of Social Equality Meirav Cohen agreed to increase the annual grant for Holocaust survivors. Today, the Ministry of Finance raised for public comments a memorandum of law stating that the annual grant transferred to Holocaust survivors will increase to the amount of...

The state aid scheme for airlines, which are suffering from a loss of revenue due to the omicron, is finally closed. The government approved the Ministry of Finance and Transportation's proposal to provide increased assistance in the amount of $ 85 million to the three airlines: El Al, Israir and Arkia. This is after according to the outline formulated in November, the assistance to the companies was supposed to amount to only $ 41 million - that is, an increase in the assistance by $ 44 million

The situation of the labor market in January was more difficult than in October, when the second closure ended - both in the rate of job seekers and in the length of the period in which many of them are out of work. This emerges from an analysis of the employment service. 127.7 thousand new job seekers were registered in January - an increase of 56.4% compared to December 2020. On the other hand, only 18.2 thousand people reported returning to work - the lowest number of returnees since the beginning of the crisis. At the beginning of January, 727.4 thousand jobseekers were registered and...

Israel celebrates 73: This morning (Thursday), President Reuven Rivlin hosted for the last time during his tenure the event "All Israel from Jerusalem" and the ceremony of the 120 outstanding soldiers. Chief of Staff Major General Aviv Kochavi also attended the event, but Prime Minister Benjamin Netanyahu and Defense Minister Bnei Gantz are not attending this year due to Corona restrictions. Rivlin congratulated the outstanding soldiers. "My dear, I must say that I am excited to stand before you here today, for the last time as President. On this Independence Day you and you give us 120...