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Tech Israel
Daily Updates from Silicon Wadi for
Monday, June 30, 2025
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Cybersecurity unicorn Cato Networks snags $359m, soaring to $4.8 billion valuation
By
Sharon Wrobel
Investment in entrepreneur Shlomo Kramer’s company, a maker of cloud-based secure networks, comes almost two years after previous round, when the firm was valued at $3 billion
Iran’s cyber threat largely fizzled much like its military during Israeli and US strikes
By
AJ Vicens
and
Rafael Satter
Despite claims made by Iranian hacking groups, cybersecurity experts saw few attempts to attack Israeli assets, most notably against Chinese-made security cameras
New Zealand’s Xero to snap up Israeli fintech startup Melio for up to $3 billion
By
Sharon Wrobel
Based in Tel Aviv, Melio is the developer of a platform that seeks to make paying and getting paid electronically less of a burden to small and medium-sized businesses
Blog
How Melio showed Israeli high-tech Is the ‘Iron Dome’ of the Israeli economy
By
Dror Bin
Six-month old Israeli startup is bought up by website builder Wix for $80 million
By
Sharon Wrobel
Bootstrapped startup Base44 is the developer of an AI-based platform that lets users build apps with no coding experience, by writing a text prompt, similar to ChatGPT interface
Israeli travelers again face astronomical air fares for peak summer season
By
Sharon Wrobel
Most European and US airlines are still avoiding Israel after the Iran ceasefire; with few flights available, Israelis forced to buy expensive tickets from local carriers
Arkia and Air Haifa to face class action suit over profiteering during Iran war
By
Sharon Wrobel
Inside story
Disgruntled El Al customers stranded abroad find little help in getting back home
By
Sharon Wrobel
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