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Tech Israel
Daily Updates from Silicon Wadi for
Thursday, May 13, 2021
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Israeli startups raising funds virtually and faster, survey shows
By
Shoshanna Solomon
Relocation is no longer a must for founders to be close to investors, Startup Snapshot data shows; because of strong shekel and worker shortage, jobs are outsourced
Super-Pharm looks to expand robotic facilities as online demand booms
By
Shoshanna Solomon
Health and beauty retailer asks startup Fabric to set up an additional robotized ‘micro-fulfillment center’ in central Israel, increasing existing partnership
Fintech firm Nayax starts trading on TASE after IPO of shares
By
Shoshanna Solomon
The provider of cashless payment services says it raised NIS 430 million ($130 million) in share sale, which values the firm at $930 million
Israel’s promising ‘precision’ COVID drug starting trial in Greece next week
By
Nathan Jeffay
Medicine hailed as a ‘huge breakthrough’ by inventors and as a ‘miracle drug’ by Netanyahu embarks on path to possible approval, in hope it will help crisis spots like India
Chevron shuts Tamar offshore gas platform as Hamas says it targeted facility
By
ToI Staff
Energy Ministry says it asked the US-based company to shut down the site near Ashkelon a day ago, denies move connected to terror group’s announcement
Israel shuts Ben Gurion Airport to incoming flights; US airlines start canceling
By
ToI Staff
Amid dangers posed by ongoing rocket fire from Gaza, arriving planes diverted to Ramon airport near Eilat; departures continue from Ben Gurion; US airlines begin canceling flights
From the web
Global-E completes Nasdaq IPO at $3.55 billion valuation
Globes: e-commerce platform Global-E has raised $375 million in offering; sum could grow by added $56.3 million if underwriters exercise options
From the web
Israel’s Bank Hapoalim Q1 profit jumps on reversal of loan loss provision
Reuters: Israel’s largest lender posts a bigger-than-expected surge in quarterly profit, earning NIS 1.354 billion ($412 million) vs NIS 192 million in Q1 2020
Moody’s, Team8 invest $25 million in joint cyber-risk venture
By
Shoshanna Solomon
The ratings agency and the Israeli cybersecurity investor set up initiative in 2019 to create standards to objectively assess businesses’ cybersecurity vulnerability
David Bryfman
If you’re a Jewish educator this week…
You prepared your lessons, and then news from Israel changed everything. So you redid your lessons and comforted your students. What about yourselves?
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