Articles

The Jerusalem-based Lightricks company is currently completing a $ 130 million round of funding in the fourth round. $ 100 million of that amount will be invested into the company and the rest will be sold at a secondary sale (Scandry, a deal that allows existing shareholders and employees to exercise their holdings before the company is sold). The company's fourth round of funding was led by Insight Partners and Hanaco Ventures. The round was held with the participation of existing investors, including Goldman Sachs, Claltech, Harel Insurance and Finance and Greycroft, and was joined by...

Nearly 50,000 daycare children in kindergartens and lower grades of elementary schools will return to activity on Wednesday morning after the Sukkot holiday - and tomorrow Thursday the entire education system will return after long weeks of the holiday season. The daycare principals were instructed not to allow the entry of the children who would not present a signed parent declaration of a negative result in the antigen tests, as well as in the schools that would welcome the pupils and pupils tomorrow. Data from the Ministry of Education show that so far 1.15 million home tests have been...

Good news for the pharmaceutical company Teva. Teva's subsidiary in the United States has reached an agreement with the state attorney general of the state of Louisiana, which settles the state's lawsuits dealing with opioids. The agreement is subject to final approval by the state on November 1st. Under the agreement all the counties in the state release Teva from the claims as part of the arrangement. Under the terms of the arrangement, Teva will pay Louisiana $ 15 million over 18 years, and will provide an additional contribution of life-saving drugs, valued at $ 3 million (at retail...

Successful exit for the Israeli cyber company Guardicore: The American company Akamai has announced that it will acquire the Israeli company in a $ 600 million cash transaction and integrate its security solution into its Zero Trust basket of solutions. The closure of the transaction, which is subject to acceptable closing conditions, is expected to occur in the fourth quarter of 2021. To the purchase amount will be added the cash in the Guardicor fund, which will be divided among the shareholders and employees, as well as an additional amount that will be used as a package for employee...

The Israeli gaming company Beach Bum is being sold for half a billion dollars to the French hyper-casual gaming company VOODOO, Calcalist has learned. In the first phase, shareholders will receive $ 300 million, and later an additional $ 200 million subject to meeting targets. The company employs 150 people in its offices in Raanana. Beach Bum, whose mobile games are based on popular board games like backgammon that have adapted to the digital world, has barely raised outside capital since its inception in 2015. In the first round, held in 2016, it raised only $ 3 million, and has not...

The Ministry of Health updated on Saturday evening that yesterday 3,585 corona patients were diagnosed out of 113,694 tested, and the positive rate was 3.15%. By midnight, another 1,270 patients had been diagnosed, and a total of 4,770 patients had been diagnosed over the weekend. These are data that are expected to change later in the evening, with further updates regarding the number of patients diagnosed today. 867 corona patients are hospitalized in hospitals across the country, 587 of them in critical condition. 261 of the patients in critical condition are in critical condition, and...

5 million people have died so far from corona and virus-related complications worldwide. This was reported on Saturday by the Reuters news agency, which noted that with the spread of the delta strain, most of the victims are not vaccinated. According to the news agency, the number of victims worldwide stood at 2.5 million after almost a year after the epidemic broke out, and another 2.5 million died within 236 days. According to Reuters, more than half of the deaths are from the US, Russia, Brazil, Mexico and India. Last week, Reuters noted that an average of 8,000 deaths were reported per...

In the shadow of the decline in morbidity and after a month without discussions, the Corona Cabinet convened on Sunday. The Ministerial Committee has decided that starting this coming Tuesday businesses will be required to scan the new green label by reading a barcode. Libraries and museums will meanwhile be excluded so that organic classes in capsule layout can come through their gates without corona testing. However, it was decided that enforcement of the new green label would only begin on Thursday. During the discussion, the professionals presented to the Prime Minister and the Cabinet...

A heated debate took place on Monday in the Knesset's Finance Committee, when the Minister of Finance, Avigdor Lieberman, presented to the committee members "the most social budget ever approved in the Knesset," while the former chairman of the committee, MK Moshe Gafni, claimed that it was "The most anti-social budget that has ever been here." Lieberman emphasized in his remarks that "interest rates should be taken into account. There may be an increase in interest rates and this is a significant event for us." In the first discussion of the presentation of the state budget in the Finance...

A report by the Ministry of Finance reveals that there are too many teachers in Israel, and the worst ones are very difficult to fire. The average starting salary for teachers reached NIS 5,287 (gross) per month in 2020, according to data from the department in charge of salaries and employment agreements in the Ministry of Finance. This is a salary given in the average scope of work for beginning teachers (the salary for a full-time job is NIS 8,474, but beginning teachers are not employed full-time). Like other reports concerning the Israeli education system, the report of the...