Tech

Israeli startup Oligo has raised $60 million to further develop its runtime application security platform. The technology enables the blocking of cyberattacks in real-time without requiring application downtime.

Arik Shtilman, founder and CEO of the fintech company Rapyd, has revealed the timeline for the company's NASDAQ IPO, while confirming that it will not be traded on the Tel Aviv Stock Exchange.

Prediction platform Polymarket is seeking to raise $1 billion at a valuation exceeding $20 billion. The company faces stiff competition from Kalshi and an ongoing investigation by the CFTC.

QuantHealth, a company developing AI-based simulations for clinical trials, has raised $45 million in a Series B funding round. The total amount raised by the company has now reached $75 million.

Tesla may take an extreme move of selling or separating its giant factory in China, against the backdrop of a potential merger with the billionaire's defense space company.

American defense-tech company Palantir reported second-quarter results that exceeded analysts' forecasts. Consequently, the company raised its full-year guidance, and its stock climbed 12% following the announcement.

The Jerusalem Development Authority, the Ministry of Defense, and the Jerusalem Municipality are launching a new deep-tech accelerator. Selected startups will receive up to two million shekels in funding and access to defense research facilities.

Roni Friedman, who managed Apple's development center in Herzliya for over nine years, is moving to lead the company's new CHIP-AI division, focused on integrating AI tools for employees. Tal Inbar has been appointed as the new site manager for Apple in Israel.

Israeli cybersecurity firm Zenity has secured $125 million in a Series C funding round to scale its platform for securing corporate AI agents. The company, which helps organizations monitor and control autonomous AI actions, plans to use the capital to accelerate global expansion.

The company developed a system for identifying and preventing fraud in the banking system using biometric and behavioral means. Only two years ago, BioCatch was sold to the Permira fund for $1.3 billion.

Efrat Rapoport, who previously sold Bonobo AI to Salesforce, has returned with a new startup, June AI. The company raised 20 million dollars in a Pre-Seed round led by Marc Benioff and Michael Dell.

June AI has raised $20 million in a pre-seed round. The startup, founded by former Salesforce employees, focuses on integrating enterprise AI solutions into existing business systems.

The team that sold a company for $50 million is exiting stealth with a $20 million funding round led by the founder of Salesforce, Michael Dell, and George Kurtz, to solve the challenge of AI integration in corporate systems.

Samsung is launching the Galaxy Z Fold8 and hosting two exclusive dinners for startup founders in Tel Aviv. The events will take place on August 6 and 9, featuring Uri Levine and Dov Moran.

Israeli 3D printer manufacturer Nano Dimension is at the center of a corporate battle as activist fund Murchinson gains influence. The struggle centers on the company's significant cash reserves and the future of its strategic direction.

Israeli startup Arrakis Security, founded by former Palantir and Torq employees, has raised $8 million in a seed round. The company provides a security layer to monitor and protect autonomous AI agents within corporate systems.

The AI startup Lemon-Lime offered immediate interviews to anyone willing to get a tattoo. After the campaign sparked significant backlash on social media, the company deleted its posts and pledged to fund tattoo removal for participants.

Gaming giant Razer has announced the acquisition of assets from the streaming platform StreamElements. The deal follows months of severe financial instability and the threat of insolvency for the service.

The Israeli company Tabnine, a pioneer in AI-powered code completion tools, has been acquired by the American corporation Tricentis. The startup will continue to develop its product under the new ownership.

Check Point CEO Nadav Zafrir is facing significant challenges as the company struggles with stagnant sales and declining market performance, prompting a major internal reorganization.

Sagi Gidali, one of the founders of Perimeter 81, which was sold for half a billion, won a research innovation award in the US through Rafa’s Moonshot, the non-profit organization he founded to develop drugs for the rare disease STXBP1, which his son Raphael suffers from.

Amnon Shashua has announced he is stepping down as CEO of Mobileye to concentrate on his new AI venture, DoubleAI. This move marks a strategic shift for the entrepreneur, who has spent decades balancing the management of multiple high-profile companies.

July proved to be a month of remarkable activity for the Israeli ecosystem, with startups raising approximately $1.3 billion. Over half of this total was secured in the final week, marking a level of investment not seen since 2021.

Elon Musk, who became the first trillionaire in history, responded to an appeal from economist Daron Acemoglu to donate his fortune to charity by 2036. Musk expressed his intention to take such a step.

Israeli startup Tomgrow has developed Medium X, a hydrogel growth medium that allows plants to thrive without soil. This technology provides plants with a steady supply of water and minerals, significantly reducing maintenance and enabling greenery in challenging office environments.

Situational Awareness, a hedge fund once considered a leader in AI investing, has faced financial distress following failed bets. Ken Griffin's Citadel has acquired a significant portion of its portfolio, triggering a rally in tech stocks on Wall Street.

Maor Shlomo, the founder of BASE44, has announced the establishment of a private fund to invest in startups developing cancer treatments. The decision follows the personal loss of his mother to the disease.

Israeli chip company Xsight Labs has raised approximately $300 million at a $2.8 billion valuation. This figure is five times higher than its 2021 valuation, driven by strong business growth.

Xsight Labs has raised $300 million at a $2.8 billion valuation. The funding follows the successful integration and testing of its X2 communication processor on SpaceX's V3 satellites, bolstering its position against competitors like Nvidia.

Cybersecurity startup Bloom Security has raised $20 million in a seed round. The company is developing a platform to manage risks associated with autonomous AI agents and extensions running on employee computers.

Israeli startup Bloom Security has exited stealth mode with a $20 million seed round led by Gallei Capital. The company offers a new approach to endpoint security, using a tiered 'onion method' to analyze risks posed by AI agents and browser extensions.

YouCC, part of the Octally group, is acquiring BLeader. This strategic move strengthens YouCC's position as a leader in cloud transformation, data, AI, and cybersecurity.

Despite the war and fears of a change in attitude from the US management, the tech giant plans to build a huge campus in the north that will house about ten thousand employees. Amit Krig, CEO of Nvidia Israel, notes that the fear of the situation was definitely there, but reveals how the mobilization of the employees dispelled any doubt from the company's president.

Cybersecurity firm Onyx Security has raised $113 million in a Series B round led by Bessemer Venture Partners. The company's platform enables organizations to securely and controllably deploy AI agents, mitigating risks associated with autonomous machine operations.

Groundcover has completed a major funding round that quadrupled its valuation, bringing total capital raised to $160 million, led by British fund One Peak and Morgan Stanley Expansion Capital.

The groundcover company has completed a third funding round led by One Peak, bringing its total funding to $160 million. The company, which has developed a platform for monitoring computer systems, employs 140 people and reports more than 250 paying customers.

Israeli startup Encore AI has developed a technology called Interaction Mining that analyzes the work patterns of top-performing employees and replicates them across the company using artificial intelligence.

The startup helps managers more accurately track artificial intelligence activity within their organizations. The funding round was led by the British fund One Peak.

Encore AI has raised $30 million in a Series A funding round. The investment is notable for the participation of the company's own clients, who chose to back the firm after experiencing the platform's impact on their operations.

Innoviz raised 30 million dollars at a deep discount, triggering a sharp stock decline and diluting existing shareholders. Since its 2021 SPAC merger, the company has lost about 95% of its value, and its pivot to the defense sector has yet to translate into significant revenue.