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ISRAEL AT WAR - DAY 424

Israeli high-tech industry

‘Zionism 2.0’: Former NBA player Omri Casspi raises $60m to invest in Israeli startups
By Sharon Wrobel
The athlete’s second seed venture capital fund, Swish Ventures, seeks to fund locally founded businesses in cybersecurity, cloud infrastructure and AI
For illustration: Former NBA player and investor Omri Casspi (second from right) tours Israel's devastated south with tech billionaire Elon Musk (right) in November 2023. (Courtesy)
For illustration: Former NBA player and investor Omri Casspi (second from right) tours Israel's devastated south with tech billionaire Elon Musk (right) in November 2023. (Courtesy)
December 2, 2024, 7:18 pm
‘Zionism 2.0’: Former NBA player Omri Casspi raises $60m to invest in Israeli startups
The athlete’s second seed venture capital fund, Swish Ventures, seeks to fund locally founded businesses in cybersecurity, cloud infrastructure and AI
By Sharon Wrobel
Nvidia employees in Israel. (Courtesy)
October 30, 2024, 7:11 pm
In a year of war, Nvidia overtakes Microsoft as best firm to work for in Israel: D&B
2024 ranking by Dun & Bradstreet takes into account the impact of Gaza conflict on company operations and employees, finds workers seek stable workplace and career development
By Sharon Wrobel
Illustrative image of employees working in the tech sector. (Hadas Porush/Flash90)
October 6, 2024, 9:37 pm
Fears of a ‘lost decade’: Will the tech sector be able to save the war-hit economy?
One year on from the Hamas onslaught, experts fret over whether economic recovery is possible in the face of government inaction to bolster a key growth engine
By Sharon Wrobel
Illustrative: A tech development center in Herzliya, Oct 30, 2020. (Gili Yaari/Flash90)
September 23, 2024, 6:34 pm
Slowdown in growth of tech workforce is bad for tax revenue, report warns
Israel Innovation Authority says despite the war, the local tech ecosystem is 3rd-largest global hub for capital raising, but notes that investments flowing largely to cyber firms
By Sharon Wrobel
Illustration: High-tech development centers in Herzliya, October 30, 2020. (Gili Yaari/Flash90)
September 12, 2024, 6:51 pm
Loss of confidence in the state’s actions drives startups to grow elsewhere – survey
A third of tech firms are considering moving some operations out of Israel due to war uncertainty and amid a lack of trust in the government’s ability to lead recovery efforts
By Sharon Wrobel
Mellanox founder Eyal Waldman (second from right) speaks at a panel discussion at the annual Journey conference by Ernst & Young Israel in Tel Aviv, Sept. 10, 2024. (Courtesy)
September 10, 2024, 11:31 pm
Entrepreneurs and investors ponder the future of tech as fundraising slumps
Only 10 new Israeli VC funds managed to raise a total of $554 million in January to June, in what is set to be one of the worst years for capital raising in tech industry
By Sharon Wrobel
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
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
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