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ISRAEL AT WAR - DAY 530

SoftBank

Founders of US-Israeli cyber unicorn Wiz from left to right: VP Product Yinon Costica, CEO Assaf Rappaport, CTO Ami Luttwak, and VP R&D Roy Reznik. (Avishag Shaar-Yashuv)
August 7, 2024, 11:58 pm
Backed by SoftBank investment, Wiz pushes plans for expansion in Asia
Japanese investment giant invests in Israeli-founded cloud security unicorn as cloud spending is projected to increase over the coming years in Asia
By Sharon Wrobel
Cybereason co-founders, left to right, Yonatan Striem Amit, Lior Div and Yossi Naar. (Cybereason)
February 1, 2022, 3:38 pm
Israel’s Cybereason, backed by Softbank and Alphabet, files for IPO at $5b valuation
American-Israeli company, also backed by former US treasurer Steve Mnuchin’s fund, expects to go public later in 2022
By Ricky Ben-David
Claroty's leadership team from left to right: Udi Bar Sela, CFO, Benny Porat, co-founder and CTO, Amir Preminger, VP research, Guilad Regev, SVP customer care, Natalie Katester Boimer, global VP HR, Yaniv Vardi, CEO, Seth Gerson, VP and general counsel. (Courtesy)
December 8, 2021, 2:24 pm
Softbank backs $400m investment in Israeli industrial cybersecurity firm Claroty
Japanese investment giant’s Israel operations are led by former Mossad head Yossi Cohen, who is joining Claroty’s board
By Ricky Ben-David
A woman walks past a SoftBank mobile store in Tokyo on August 11, 2020 (Kazuhiro NOGI / AFP)
October 27, 2021, 5:09 pm
Japan’s Softbank buys $25m stake in Israeli investment firm OurCrowd
Companies will work together to explore joint investment opportunities, source deals, evaluate market trends, says OurCrowd’s Jon Medved
By Ricky Ben-David
WeWork offices are shown, on Thursday, January 16, 2020, in New York. (AP Photo/Mark Lennihan)
October 21, 2021, 9:02 pm
2 years after canceled public launch, revamped WeWork rises in Nasdaq debut
Previous attempt at becoming a publicly traded company disintegrated in spectacular fashion with Israeli founder and CEO Adam Neumann ousted abruptly
By AFP
Head of the Mossad Yossi Cohen speaks at a cyber conference at Tel Aviv University on June 24, 2019. (Flash90)
July 9, 2021, 4:16 pm
Former Mossad chief Yossi Cohen to head SoftBank’s Israel operations
Appointment comes a month after he retired from spy agency; bank tells Globes it plans to capitalize on his local and international connections
By ToI Staff
Jonathan Cherki, CEO and Founder of Contentsquare, right, and Contentquare Global CFO and former Clicktale CEO Shlomi Hagai (Courtesy)
May 26, 2021, 2:36 pm
France’s Contentsquare to double Israel R&D team as firm raises $500 million
Digital analytics firm bought Israeli analytics startup Clicktale in 2019; the 150-strong team in Ramat Gan is French firm’s local R&D base
By Shoshanna Solomon
WeWork offices are shown, on Thursday, January 16, 2020, in New York. (AP Photo/Mark Lennihan)
March 26, 2021, 9:45 pm
Year after pandemic cleared out offices, WeWork to make 2nd try at going public
SPAC deal values company at $9 billion plus debt, far lower than $47 billion valuation in September 2019, before IPO imploded after reveal of massive losses
By Michelle Chapman and Kelvin Chan
Adam Neumann, co-founder of WeWork, attends the opening bell ceremony at Nasdaq, in New York, January 16, 2018. (AP/Mark Lennihan, File)
February 27, 2021, 7:56 am
SoftBank says deal reached with WeWork founder Adam Neumann, directors
Israeli-American entrepreneur will receive another $50 million windfall and other benefits, the WSJ reports
By Agencies and ToI Staff
A woman walks past a SoftBank mobile store in Tokyo on August 11, 2020 (Kazuhiro NOGI / AFP)
August 11, 2020, 5:22 pm
SoftBank recovers with $12bn profit after record losses, WeWork debacle
Group pulls back after turbulent financial year that saw investment woes, including in the troubled office-sharing firm co-founded by Israeli Adam Neumann
By Shingo Ito
Adam Neumann, co-founder of WeWork, attends the opening bell ceremony at Nasdaq, in New York, January 16, 2018. (AP/Mark Lennihan, File)
May 5, 2020, 3:50 pm
WeWork co-founder Neumann sues SoftBank for aborted $3b deal
Israeli entrepreneur files lawsuit against Japanese conglomerate, a former benefactor, for withdrawing from part of office sharing startup’s rescue package
By Luke Tress
Lemonade's Shai Wininger at the Tel Aviv offices of the insurance firm, December 20, 2017 (Shoshanna Solomon/Times of Israel)
November 13, 2019, 5:53 pm
Lemonade reportedly delays IPO on investor jitters from WeWork flop
Japanese giant SoftBank, which injected billions in WeWork, is also an investor in online insurer Lemonade, founded by Israeli entrepreneurs Shai Wininger and Daniel Schreiber
By Shoshanna Solomon
People walk by WeWork offices in Dublin, Ireland, October 6, 2019. (Mark Lennihan/AP)
November 9, 2019, 9:00 am
WeWork to sell MeetUp, cut jobs in 90-day turnaround plan
Workspace provider co-founded by Israeli-American Adam Neumann to divest from 5 non-core businesses, as it tries to recover after failed stocks sale
By Alexandra Olson
SoftBank Group Corp. CEO Masayoshi Son speaks during a SoftBank World presentation at a hotel in Tokyo, Japan, July 20, 2017. (AP Photo/Shizuo Kambayashi, File)
November 6, 2019, 10:20 am
Japan’s SoftBank takes major hit after WeWork valuation tumbles
Firm reports staggering operating loss of $6.4 billion in 2nd quarter amid sharp drop in value of its stake in workspace provider co-founded by Israeli-American Adam Neumann
By AFP
Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York, January 16, 2018. (AP Photo/Mark Lennihan, File)
October 23, 2019, 7:52 am
WeWork co-founder pushed aside in $5b SoftBank takeover
Adam Neumann walks away with nearly $2 billion from the company he co-founded, will stay on as an ‘adviser’
By Alexandra Olson
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