Israeli company in a 12 million shekel deal: "A milestone"
Jeen Technologies (Jeen.ai) reports its first deal with the Israeli banking system, valued at approximately 12 million shekels.
Jeen Technologies (Jeen.ai), which develops a secure platform for deploying artificial intelligence (AI) applications in organizations, reports its first deal with a leading bank in Israel, valued at approximately 12 million shekels.
As part of the agreement signed with an Israeli banking corporation, the company will provide a license to use its platform alongside development, implementation, and integration services. The engagement is expected to continue until the end of 2028, with payment to be made according to work orders submitted to the company throughout the agreement period.
According to the deal details, the first usage license is expected to begin during 2026 and last for 18 months. Additionally, during 2026 and 2027, Jeen will provide development and implementation services, with the client having the option to extend the engagement into 2028 for an additional 12-month period, depending on needs and the scope of work.
Oded Tahori, CEO of Jeen Technologies, said:
"The new agreement, which is the first with the banking system in Israel, constitutes a significant milestone in deepening the company's activity in the Israeli financial sector. Financial organizations are currently required to integrate advanced AI capabilities while meeting strict requirements for information security, regulation, and reliability."
According to him, "We believe that the choice of the Jeen platform reflects our ability to provide large organizations with a secure, flexible, and advanced enterprise solution that enables the deployment of AI applications on a large scale."
The deal joins a series of moves by the company to expand its activity in the enterprise market. Recently, Jeen reported additional agreements with financial entities, one of the three largest health organizations in Israel, and other clients in the fields of security and corporate services.
Last June, the company also updated on a capital raise of approximately 30 million shekels as part of a private placement of shares to qualified and institutional investors. As part of the raise, Menora Mivtachim became a stakeholder in the company after investing approximately 16 million shekels and acting as the lead investor in the move.
