-
Jan 16, 2025 | 
jpost.com | Meytal Vaizberg
The CEOs of the Israeli cybersecurity companies that merged in a huge deal last November go back a long way. Wiz CEO Assaf Rappaport and Dazz CEO Merav Bahat built Microsoft's cloud security system together and remained close friends after going their separate ways. Wiz, which completed the biggest financing round of any Israeli startup in 2024 and turned down a $23 billion acquisition offer from Google, acquired Dazz at the end of last year.
-
Jan 16, 2025 | 
en.globes.co.il | Sponsored SponsoredLearn MoreUndo |Meytal Vaizberg
Merav Bahat, CEO of Dazz, bought by Wiz last year, tells "Globes" she advised Wiz CEO Assaf Rappaport not to sell to Google. The CEOs of the Israeli cybersecurity companies that merged in a huge deal last November go back a long way. Wiz CEO Assaf Rappaport and Dazz CEO Merav Bahat built Microsoft's cloud security system together and remained close friends after going their separate ways.
-
Jan 15, 2025 | 
jpost.com | Meytal Vaizberg
Israeli cybersecurity companies, which account for 7% of all tech companies in Israel, raised $3.8 billion last year — about a third (36%) of total investments in the tech sector.
Israeli privately-held tech companies raised $12.2 billion in 2024, up 31% from 2023, Start-Up Nation Central (SNC) reported today.
-
Jan 14, 2025 | 
en.globes.co.il | Meytal Vaizberg
Of this figure, $10.6 billion was officially reported by the companies that raised the money, while an additional $1.6 billion was in deals that remain unreported. Israeli privately-held tech companies raised $12.2 billion in 2024, up 31% from 2023, Start-Up Nation Central (SNC) reported today. Of this figure, $10.6 billion was officially reported by the companies that raised the money, while an additional $1.6 billion was in deals that remain unreported.
-
Jan 13, 2025 | 
en.globes.co.il | Nvidia offices |Meytal Vaizberg
Leading international tech companies, led by Nvidia, are currently in advanced talks with Israel's Ministry of Finance on innovative tax arrangements in Israel, "Globes" has learned. In the talks, chip giant Nvidia has proposed a unique arrangement - raising the tax rate in Israel to 9% on activity, a move that could bring in about NIS 10 billion a year to the state's coffers. The proposal is based on the Subject to Tax Rule - a mechanism established as part of the OECD's Pillar Two Model Reforms.
-
Jan 7, 2025 | 
en.globes.co.il | Sponsored SponsoredUndo |Meytal Vaizberg
In a clear sign that tech companies have come to terms with lower valuations, employees are being urged to sell shares, even at a big discount. "Globes" investigates. A new trend seems to be taking hold in Israel's tech sector. After a year of almost complete stagnation, secondary trading in private technology companies is coming to life, but this time with an interesting twist: the entrepreneurs themselves are leading the movement.
-
Dec 26, 2024 | 
en.globes.co.il | Meytal Vaizberg
Pay in Israel's tech sector falls Smotrich reduces hike on EV purchase tax One highly successful software IPO has raised expectations of better times ahead for tech companies seeking to go public, with several Israeli startups poised to take advantage. US software company ServiceTitan (Nasdaq: TTAN) was floated on Nasdaq earlier this month, and since then its share price has soared by 41%, boosting its market cap to $9 billion.
-
Dec 26, 2024 | 
en.globes.co.il | Meytal Vaizberg
Kenon sells remaining ZIM stake Hedge funds sell El Al stock amid profit-taking According to a report by placement company Ethosia, junior tech workers are having a particularly tough time. Salaries in Israel’s technology sector, which have always been high and which we have become accustomed to see constantly going higher, took a hit in 2024, according to a comprehensive report from placement company Ethosia, which specializes in technology jobs.
-
Dec 26, 2024 | 
en.globes.co.il | Meytal Vaizberg
Meta (formerly Facebook) will pay $1 million and implement a comprehensive reform of its advertising in Israel, in a precedent-setting settlement filed this week in the District Labor Court. The settlement reveals how the largest social network in the world allowed employers to discriminate against job seekers on grounds of age and gender. The affair began in September 2021, when Ya’ala Lev, a sales and marketing worker aged 54, discovered that she was barred from many wanted ads on Facebook.
-
Dec 24, 2024 | 
en.globes.co.il | Meytal Vaizberg
The Chief Economist’s Office in the Ministry of Finance has released its annual report on foreign investment in Israel for 2023. According to the report, while inward investment globally fell 20%, the picture in Israel was more complicated.
In 2023, foreign investment in Israel totaled $32.9 billion, 40% more than in 2022, when the total was $23.5 billion. A single deal, however, namely Intel’s $15 billion investment in expanding its Kiryat Gat factory, accounts for the rise.
