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ISRAEL AT WAR - DAY 340

Israeli high-tech industry

Own employees, formerly known as OwnBackUp. (Courtesy/Buxa Photography)
Israeli startup Own purchased for $1.9 billion by Salesforce
By ToI Staff
Having started out to help clients recover data from discs and hard drives, company earned $250 million a year specializing in Cloud-based information
Own employees, formerly known as OwnBackUp. (Courtesy/Buxa Photography)
September 6, 2024, 10:52 pm
Israeli startup Own purchased for $1.9 billion by Salesforce
Having started out to help clients recover data from discs and hard drives, company earned $250 million a year specializing in Cloud-based information
By ToI Staff
Reem and Imad Younis at Alpha Omega company headquarters, August 7, 2024. (Courtesy)
August 19, 2024, 8:09 am
Doubling down on unlikely success story, Arab-Israeli couple takes med-tech giant to Jenin
Short on cash but long on grit, Reem and Imad Younis co-founded their company Alpha Omega in 1993 to make a ‘brain Waze’; now they’re taking a risk, in line with their vision
By Diana Bletter
Illustrative image of employees working in the tech sector. (Hadas Porush/Flash90)
August 11, 2024, 1:43 am
Layoffs resume as Israeli high-tech industry struggles to thrive in dark times
Fraught politics and the Gaza war are harming Israel’s technology sector, but the US is also seeing a downturn, while Europe is closing in on both of them — and fast
By Tani Goldstein
Wiz's offices in Tel Aviv. (Courtesy)
July 17, 2024, 8:36 pm
Google’s Wiz acquisition would be new feather in cap of Israeli military intelligence
As war in Gaza squeezes Israel’s economy, likely deal underscores resilience of tech industry, where many are alumni of military intelligence units
By Steven Scheer
SolarEdge Technologies' offices in Modiin, seen on January 21, 2022. (MagioreStock/ Shutterstock.com)
January 22, 2024, 10:44 am
Smart energy giant SolarEdge to slash 900 jobs including 550 in Israel
Company says it is cutting 16% of its global workforce, with more than half of the layoffs at Herzliya headquarters; HP to fire 50 Israeli employees
By Sharon Wrobel and ToI Staff
Israeli developers volunteer joining together to develop technologies to bolster Israel's defenses and civil resilience in wake of war with Hamas terror group. (Courtesy)
November 23, 2023, 9:06 pm
Volunteer group of Israeli developers raising $2m to fortify defense tech amid war
Group of 200 volunteers develops generative AI and computer vision-based applications and life-saving technologies to shore up Israel’s national security and civil resilience
By Sharon Wrobel
Volunteers search for information on hostages abducted by Palestinian terrorists on October 7 from a music festival in southern Israel near the border with Gaza, at the offices of Gitam BBDO communications group in Tel Aviv on October 25, 2023 (GIL COHEN-MAGEN / AFP)
October 26, 2023, 4:28 pm
Israeli tech workers bring innovation, AI to search for hostages held in Gaza
Volunteers operate ‘civilian war room’ as they work with facial recognition software to gather any available information on whereabouts of the over 220 people seized by terrorists
By AFP and ToI Staff
A volunteer blows balloons for children from Kibbutz Nir Am, near Gaza, who have fled fighting in the south to the Herods Hotel in Tel Aviv, October 9, 2023. (Sue Surkes/Times of Israel)
October 16, 2023, 2:47 pm
Israeli tech entrepreneurs launch bid to raise $100m for kids orphaned by Hamas war
Led by a group of 20 Israeli founders and CEOs, the Israeli Children’s Fund pledges $100,000 per child along with mentorship and support until age 22
By Sharon Wrobel
For illustration: High-tech development centers in Herzliya, October 30, 2020. (Gili Yaari/Flash90)
August 17, 2023, 6:19 am
Around 80% of new Israeli startups said electing to incorporate in the US
Various entrepreneurs tell Reuters the move is a result both of economic advantages in America as well as local uncertainty caused by the judicial overhaul
By ToI Staff
The R&D center of Dropbox in the Azrieli Sarona Tower in Tel Aviv, May 15, 2018 (Shoshanna Solomon/Times of Israel)
April 30, 2023, 4:38 pm
US cloud storage giant Dropbox to close R&D operations, leave Israel
Cloud storage provider will lay off about 50 people, mostly engineers, in Tel Aviv office, as part of global cutback
By Sharon Wrobel
Tel Aviv's financial business district skyline, June 2022. (Elijah Lovkoff via iStock by Getty Images)
March 22, 2023, 5:30 pm
Tel Aviv startup ecosystem ranks 2nd in Europe, Mideast and Africa, behind London
Tel Aviv is home to the fifth-highest number of unicorns worldwide; placed third in the world for cybersecurity investments, with startups raising $1.7b in 2022
By Sharon Wrobel
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
March 12, 2023, 4:07 pm
Tel Aviv shares drop as SVB failure triggers cash-flow concern for Israeli startups
LeumiTech says it helped Israeli startups transfer $1 billion out of SVB accounts; government pledges to help tech firms
By Sharon Wrobel
Dollars and shekels. (Olivier Fitoussi/Flash90)
February 20, 2023, 3:15 pm
Top venture capital fund calls on its companies to move most cash out of Israel
Citing judicial overhaul and illiberal policies, Bessemer Venture Partners warns of a ‘new era of instability’ ushered in by an ‘unrestrained government’
By Harry Roper
Winter dragon sitting on rock at snowy mountains landscape. (iStock photos/klyaksun)
June 9, 2022, 2:00 pm
Daily Briefing June 9: Unicorns, centaurs, dragons! Israel’s fanciful startup sphere
Palestinian affairs correspondent Aaron Boxerman on the tragic death of activist Johara Khnifes; Tech Israel editor Ricky Ben David on the Tel Aviv opening of a Dubai trade office
By ToI Staff
Illustrative: Participants at the DLD Tel Aviv Digital Conference, Israel's largest international high-tech gathering, featuring hundreds of start ups, VCs, angel investors and leading multinationals, held at the Old Train Station complex in Tel Aviv on September 27, 2016. (Miriam Alster/ FLASH90)
April 18, 2022, 5:09 pm
Some Jewish tech workers won’t ever return to the office: They’ve moved to Israel
Working from the Holy Land while retaining a Bay Area tech job is feasible thanks to the willingness of many Silicon Valley firms to allow employees to work remotely — indefinitely
By Emma Goss
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