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Eynat Guez, co-founder and CEO of workplace management platform Papaya Global. (Courtesy)
Israel payroll platform Papaya Global says it plans to move funds out of country
By Sharon Wrobel
CEO Eynat Guez says planned judicial changes threaten democracy, hurt economy; VC fund Disruptive AI says foreign investors worry, ask for funds to be held in banks outside Israel
Israeli startup GreenOnyx showcases fully-automated technological platform for growing fresh green vegetables. (Courtesy)
Agriculture 4.0: Israeli startup sets up smart urban farm for fresh green superfood
By Sharon Wrobel
GreenOnyx has developed a sterile, fully autonomous modular tech farm to grow fresh ready-to-eat duckweed-based green superfood for daily intake
Pigmentum founders Tal Lutzky and Amir Tyroler hold up lettuce used to produce animal-free milk protein. (Courtesy)
Israeli agrotech startup pulls in $6m for cow-free milk and cheese made from lettuce
By Sharon Wrobel
Israeli smart freight firm to list on Nasdaq via SPAC merger at $500m valuation
By Sharon Wrobel
Freightos, a Jerusalem-based smart freight booking and payment platform, will start trading on Nasdaq on Thursday through a merger with a special purpose acquisition company (SPAC) at a valuation of $500 million. The firm is listing on Nasdaq after closing its merger with Gesher I Acquisition Corp., a publicly traded SPAC. The combined... Continue Reading
Freightos' online marketplace for international air and ocean freight services. (Courtesy)
Apollo Power opens first-of-its-kind factory for mass production of lightweight flexible solar panels. (Ilan Safra/Courtesy)
Israel’s Apollo Power opens ‘world’s first’ factory for flexible solar film panels
By Sharon Wrobel
Amazon, Volkswagen and Audi are among a number of companies deploying the company’s technology for use on cars, roofs and aircraft
Image: Theranica
Promoted Content
US doctors offer drug-free migraine relief from Israeli startup
Theranica’s wearable, FDA-cleared Nerivio device shows electrical stimulation can be as effective as drugs and injections – or even better
Israeli tech company employees stage a one-hour protest in Tel Aviv against judicial overhaul, January 24, 2023 (Courtesy)
Employees of legal civil service warn of potential strike
Hundreds of tech workers strike, block Tel Aviv road to protest judicial overhaul
By Sharon Wrobel
Demonstrators against controversial plan warn of threat to foreign investments, impact on economy; NY-based investor in local startups says it supports action
Tens of thousands of Israelis protest against the government's planned judicial overhaul, in Tel Aviv, January 21, 2023. (Avshalom Sassoni/Flash90)
Top Bank of Israel official quits, says he can’t remain ‘while democracy in danger’
By TOI staff
Sanofi extends cooperation with Israel’s CytoReason for bowel disease drug discovery
By Sharon Wrobel
Sanofi extended its cooperation with CytoReason, a developer of computational disease models for drug discovery, to help the French drugmaker in its pursuit of new treatments for patients with inflammatory bowel disease (IBD). Under the terms of the expanded agreement, Sanofi will pay CytoReason an undisclosed multimillion dollar amount to use its computational... Continue Reading
CytoReason co-founders from right to left: David Harel, CEO; Prof. Shai Shen-Orr, chief scientist; Elina Starosvetsky, VP Biology; Renaud Gaujoux, principal scientist and data science architect. (Fabian Koldorff)
Founders of Israel-based startup Iguazio (from left to right) Yaron Haviv, Yaron Segev, Orit Nissan-Messing, and Asaf Somekh (Credit: Yanai Yehcieli/Courtesy)
McKinsey buys Israeli AI startup Iguazio, its first acquisition in the country
By Sharon Wrobel
Global management consultancy firm says Israel has vibrant startup ecosystem, seeks further partnerships, acquisitions
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
Finance minister requires Israel Discount Bank to spin off its credit card business
By Sharon Wrobel
Israel’s fourth-largest bank needs to sell CAL as part of government policy to boost competition in the consumer credit market, Smotrich says
A combination of photos showing former Bank of Israel governors Karnit Flug (L) and Jacob Frenkel. (Yonatan Sindel and Yossi Zeliger/Flash90)
Ex-Bank of Israel chiefs warn judicial overhaul ‘could deal severe blow’ to economy
By TOI staff and Sharon Wrobel
Jacob Frenkel, Karnit Flug say ‘strength of judicial system a central factor determining Israeli economy’s status in world’; dozens of companies plan strike Tuesday
VC warns: If Israel democracy is harmed, tech firms will need to flourish elsewhere
By Sharon Wrobel
CEO warns judicial overhaul plan threatens Israel’s position as a business hub
By Sharon Wrobel
Mellanox founder says investors are raising questions about incoming government
By Sharon Wrobel
Outgoing Interior Minister Ayelet Shaked seen in the Knesset plenum in Jerusalem on December 26, 2022. (Olivier Fitoussi/ Flash90)
Former minister Ayelet Shaked to serve as chairman of Kardan Real Estate
By Sharon Wrobel
Appointment subject to approval of the firm’s remuneration committee, board of directors and shareholders
Israeli appointed CEO of US chip manufacturer Texas Instruments
By TOI staff
Texas Instruments on Thursday announced the appointment of Israeli-American Haviv Ilan as the US chip company's new CEO. He will replace the semiconductor manufacturer's longtime executive Rich Templeton in April after the latter held the post for 18 years. Ilan, 54, joined the Dallas-based firm in 1999 when it purchased his Israeli tech startup... Continue Reading
Texas Instruments CEO Haviv Ilan. (Texas Instruments)
Israeli startup Verobotics develops autonomous AI-powered robots used to clean and inspect the facades of high-rise buildings. (Courtesy)
Meet the Israeli robot spiderman that will clean skyscraper facades in Hong Kong
By Sharon Wrobel
Verobotics inks $5.4 million deal for its AI-powered ‘human-like’ vertical robots to clean and inspect the exterior of high-rise buildings in Hong Kong
The new Tel Aviv University robot, with smell capabilities that use a locust's antenna (YouTube screen grab/Tel Aviv University)
Israeli robot fitted with locust antenna gains scent superpowers
By Nathan Jeffay
AI21 founders (from right to left): Prof. Yoav Shoham, Ori Goshen, and Prof. Amnon Shashua. (Roei Shor Photography)
AI21 Labs, co-founded by Amnon Shashua, rolls out AI feature to spice up writing
By Sharon Wrobel
NLP startup says Wordtune Spices is a generative AI toolbox to help students and professionals enrich their writing with statistical facts, analogies, and jokes
Passengers wait for a bus at the entrance to Jerusalem on August 1, 2022. (Olivier Fitoussi/Flash90)
Israel’s inflation at 5.3% in 2022, its highest level since 2008
By Sharon Wrobel
Consumer price index rose 0.3% in December, led by gains in housing, food, transportation, and telecommunications prices, according to Central Bureau of Statistics
An illustrative photo of newly completed high-rise residential buildings in the 1200 neighborhood of Hod Hasharon, in central Israel on September 14, 2022. (Michael Giladi/Flash90)
Rise in housing prices slows but still up almost 19% from 2021
By Danielle Nagler
Illustrative image of economic downturn, recession, and crashing stock markets (SARINYAPINNGAM; iStock by Getty Images)
World’s chief executives most pessimistic in over a decade about global growth
By Sharon Wrobel
New Finance Minister Bezalel Smotrich, left, shakes hands with outgoing minister Avigdor Liberman at a handover ceremony at the Finance Ministry in Jerusalem, January 1, 2023. (Yonatan Sindel/FLASH90)
For first time in 35 years, Israel posts budget surplus driven by higher tax revenue
By Sharon Wrobel
Finance Ministry says last 12 months saw ‘exceptionally high increase in state revenues’ and ‘impressive recovery’ by economy from pandemic crisis
FILE - Activists participate in a climate march calling on the government to take action to reduce greenhouse gas emissions to limit the impact of climate change in Tel Aviv, Oct. 28, 2022. (AP Photo/Oded Balilty, File)
Israel raises $2 billion in its first-ever issuance of 10-year green bonds
By Sharon Wrobel
Traders work on the floor at the New York Stock Exchange in New York City, August 10, 2022. (AP/Seth Wenig)
Investment in Israeli tech startups plunged by almost half in 2022, data shows
By Sharon Wrobel
Cybersecurity firms suffered a 60% decline in funding, while seed investments grew by 22% in 2022, according to report by Start-Up Nation Central
Illustrative: The Tel Aviv Stock Exchange. November 29, 2020. (Miriam Alster/FLASH90)
Israeli tech exits slump 54%, to lowest level since 2014, amid market downturn
By Sharon Wrobel
Bank of Israel governor Amir Yaron (third from left) hands conditional bank license to Shmuel Hauser (third from right), chairman of a new digital banking venture led by Nir Zuk, the founder of cybersecurity giant Palo Alto Networks. (Courtesy/Bank of Israel)
Clal to buy NIS 100 million stake in Israel’s 2nd digital bank
By Sharon Wrobel
Insurance company to become shareholder in Esh with 4.99% holding; investment values the new digital bank at NIS 1.8 billion
Bank of Israel governor Amir Yaron (third from left) hands conditional bank license to Shmuel Hauser (third from right), chairman of a new digital banking venture led by Nir Zuk, the founder of cybersecurity giant Palo Alto Networks. (Courtesy/Bank of Israel)
Bank of Israel gives green light to Palo Alto’s Nir Zuk for new digital bank
By Sharon Wrobel
Bank of Israel main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/Flash90)
Bank of Israel hikes interest rates to 3.75%, highest since 2008
By Sharon Wrobel
Central bank governor warns new government about budget demands in coalition deals, calls for responsible fiscal policy
New Finance Minister Bezalel Smotrich, left, shakes hands with outgoing minister Avigdor Liberman at a handover ceremony at the Finance Ministry in Jerusalem, January 1, 2023. (Yonatan Sindel/FLASH90)
At treasury handover, Smotrich vows to stick to Liberman’s free-market policy
By Sharon Wrobel
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/ FLASH90)
Bank Hapoalim to halt mortgage rate hikes for over 10,000 first-time homeowners
By Sharon Wrobel
Illustrative view of high-tech office buildings in Herzliya Pituach, Israel, December 12, 2015. (Nati Shohat/Flash 90)
Inside story
Year of the reset: As era of cheap money ends, how will Israeli tech fare in 2023?
By Sharon Wrobel
Israeli tech firms brace for more cost savings, downsizing to get through global slowdown as the strong get stronger and the weak get weaker
Israeli startup GreenOnyx showcases fully-automated technological platform for growing fresh green vegetables. (Courtesy)
January 26, 2023, 10:31 pm
Agriculture 4.0: Israeli startup sets up smart urban farm for fresh green superfood
GreenOnyx has developed a sterile, fully autonomous modular tech farm to grow fresh ready-to-eat duckweed-based green superfood for daily intake
By Sharon Wrobel
Eynat Guez, co-founder and CEO of workplace management platform Papaya Global. (Courtesy)
January 26, 2023, 4:29 pm
Israel payroll platform Papaya Global says it plans to move funds out of country
CEO Eynat Guez says planned judicial changes threaten democracy, hurt economy; VC fund Disruptive AI says foreign investors worry, ask for funds to be held in banks outside Israel
By Sharon Wrobel
Freightos' online marketplace for international air and ocean freight services. (Courtesy)
January 26, 2023, 11:35 am
Israeli smart freight firm to list on Nasdaq via SPAC merger at $500m valuation
Jerusalem-based Freightos’s online booking and payment marketplace allows businesses to compare, book and manage air and ocean freight services
By Sharon Wrobel
Apollo Power opens first-of-its-kind factory for mass production of lightweight flexible solar panels. (Ilan Safra/Courtesy)
January 25, 2023, 8:47 pm
Israel’s Apollo Power opens ‘world’s first’ factory for flexible solar film panels
Amazon, Volkswagen and Audi are among a number of companies deploying the company’s technology for use on cars, roofs and aircraft
By Sharon Wrobel
Pigmentum founders Tal Lutzky and Amir Tyroler hold up lettuce used to produce animal-free milk protein. (Courtesy)
January 25, 2023, 4:09 pm
Israeli agrotech startup pulls in $6m for cow-free milk and cheese made from lettuce
Investors in Pigmentum’s seed round include Kibbutz Yotvata, Tnuva, Tempo, Arkin Holdings, and OurCrowd
By Sharon Wrobel
CytoReason co-founders from right to left: David Harel, CEO; Prof. Shai Shen-Orr, chief scientist; Elina Starosvetsky, VP Biology; Renaud Gaujoux, principal scientist and data science architect. (Fabian Koldorff)
January 24, 2023, 9:02 pm
Sanofi extends cooperation with Israel’s CytoReason for bowel disease drug discovery
Tel Aviv-based startup that uses AI to build digital models of the human immune system and diseases inks multi-million-dollar deal with French drugmaker
By Sharon Wrobel
Israeli tech company employees stage a one-hour protest in Tel Aviv against judicial overhaul, January 24, 2023 (Courtesy)
January 24, 2023, 2:01 pm
Hundreds of tech workers strike, block Tel Aviv road to protest judicial overhaul
Demonstrators against controversial plan warn of threat to foreign investments, impact on economy; NY-based investor in local startups says it supports action
By Sharon Wrobel
Founders of Israel-based startup Iguazio (from left to right) Yaron Haviv, Yaron Segev, Orit Nissan-Messing, and Asaf Somekh (Credit: Yanai Yehcieli/Courtesy)
January 23, 2023, 5:48 pm
McKinsey buys Israeli AI startup Iguazio, its first acquisition in the country
Global management consultancy firm says Israel has vibrant startup ecosystem, seeks further partnerships, acquisitions
By Sharon Wrobel
A combination of photos showing former Bank of Israel governors Karnit Flug (L) and Jacob Frenkel. (Yonatan Sindel and Yossi Zeliger/Flash90)
January 22, 2023, 10:49 pm
Ex-Bank of Israel chiefs warn judicial overhaul ‘could deal severe blow’ to economy
Jacob Frenkel, Karnit Flug say ‘strength of judicial system a central factor determining Israeli economy’s status in world’; dozens of companies plan strike Tuesday
By TOI staff and Sharon Wrobel
Illustration of an electric bus traveling along a stretch of Electreon smart road, recharging as it travels. (ElectReon screenshot)
January 22, 2023, 5:59 pm
Israeli startup raises NIS 40m to bid in ‘smart road’ electric tender in Sweden
Electreon passes pre-screening for tender to build Sweden’s first electric road along 42 kilometers, the longest stretch in the world
By Sharon Wrobel
Texas Instruments CEO Haviv Ilan. (Texas Instruments)
January 20, 2023, 7:51 pm
Israeli appointed CEO of US chip manufacturer Texas Instruments
Haviv Ilan, who joined the semiconductor manufacturer in 1999 after it bought out his Israeli startup, will replace longtime chief in April
By TOI staff
File - illustrative image of the human brain. ALS, a degenerative disease, is caused by by motor neuron death in the brain and spinal cord. (Ozgu Arslan via stock by Getty Images)
January 20, 2023, 10:51 am
New ALS drug headed to Israel, in first distribution deal outside North America
Medicine is believed to extend patients’ lives by almost a year on average; FDA has approved it based on Phase II trial
By Nathan Jeffay
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
January 19, 2023, 3:07 pm
Finance minister requires Israel Discount Bank to spin off its credit card business
Israel’s fourth-largest bank needs to sell CAL as part of government policy to boost competition in the consumer credit market, Smotrich says
By Sharon Wrobel
Israeli startup Verobotics develops autonomous AI-powered robots used to clean and inspect the facades of high-rise buildings. (Courtesy)
January 18, 2023, 8:39 pm
Meet the Israeli robot spiderman that will clean skyscraper facades in Hong Kong
Verobotics inks $5.4 million deal for its AI-powered ‘human-like’ vertical robots to clean and inspect the exterior of high-rise buildings in Hong Kong
By Sharon Wrobel
TLV Partners is managed by (left to right) Rona Segev, Eitan Bek, Adi Yarel-Toledano, and Shahar Tzafrir. (Eyal Tueg)
January 18, 2023, 4:38 pm
VC warns: If Israel democracy is harmed, tech firms will need to flourish elsewhere
TLV Partners says makeover of justice system could force best minds to leave and local tech entrepreneurs to create startups outside of Israel
By Sharon Wrobel
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