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9 mentions found


☆ How the tech sector in Israel is navigating the war
  + stars: | 2023-10-13 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +6 min
London CNN —Israel’s vast tech sector has seen its fair share of crises, from financial downturns and the Covid-19 pandemic to periodic flare-ups in the Israeli-Palestinian conflict. “This is different than anything we’ve faced before,” said Avi Hasson, the CEO of Start-Up Nation Central (SNC), a non-profit that promotes Israel’s tech industry globally. “Seasoned investors with experience backing Israeli startups are not backing away due to the war,” said Samid of TechAviv. For many in Israel’s tech industry, the devastating circumstances have only served to underscore the sector’s famed resilience. “Israeli [tech] hasn’t stopped,” Hasson noted.
Persons: we’ve, ”, Avi Hasson, wasn’t, Leah Walters, Monday.com, Rafael Henrique, Yaron Samid, Jensen Huang, Jon Medved, “, Hillel Fuld, it’s, hasn’t, ” Hasson Organizations: London CNN, Hamas, Nation Central, CNN, Tech, SNC, Nasdaq, Tel, Nvidia, Israel Innovation Authority, ” Tech, Microsoft, Google Locations: Israel, Tel Aviv, “, Israeli
☆ Israeli startup founders go to war: 'We're fighting for our home.'
  + stars: | 2023-10-13 | by ( Madeline Renbarger | Alistair Barr | Shona Ghosh | ) www.businessinsider.com   time to read: +11 min
Insider spoke with startup founders and VCs who are managing companies while aiding the war effort. Startup founders and employees have traveled back to Israel from their homes abroad to take up arms and defend their country. The call to serveIn Israel, military service is mandatory for all citizens over 18. These startup founders and employees are using the skills they use every day like problem solving, multitasking and leading during the war effort. "I'm lucky to be a cofounder not a sole founder, so I'm relying on my cofounder," Kandel explained.
Persons: Israel, VCs, —, Oren Kandel, I'm, We're, Munch, Kandel, Isaac Gili, Jon Medved, David, Noy, Danielle Eisenberg, Leyb, Eisenberg, I've, Medved, Oren Kandel Kandel, that's, Ben Yellin, Ofer Sharon, Itamar Friedman, " Eisenberg, Tasmin Lockwood Organizations: Palestinian, Hamas, Service, Wednesday, Israeli Defense Forces, Startup, Israel Relief, Microsoft, Israel, Tel, Lightspeed Venture Partners, GGV, Insight Partners Locations: Gaza, Israel, Gedera, New York, cyberintelligence, Tel Aviv, Binyamina
☆ This is not something Israeli tech sector should be proud of, OurCrowd CEO says
  + stars: | 2023-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is not something Israeli tech sector should be proud of, OurCrowd CEO saysJon Medved, OurCrowd founder and CEO, discusses the failure of the Israeli intelligence service to foresee Hamas' attack.
Persons: Jon Medved, OurCrowd
☆ Israel's tech hub is a crucial part of its economy. Now, startups could face tougher funding rounds amid the war, experts say.
  + stars: | 2023-10-11 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Getting overseas funding could become difficult for Israel's tech industry amid the war, experts told Reuters. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIsrael's tech startups have already been facing a tough year attracting funding amid the implosion of a major lender for start-ups, global recession fears, and rising borrowing rates. Investment in Israel's tech startups has already been falling for seven straight quarters even before the war started, according to a report by the think tank Startup Nation Policy Institute, released on September 30. AdvertisementAdvertisementTech insiders also express optimism for the industry, citing Israel's reputation as an established tech hub.
Persons: —, Jon Medved, Avi Hasson, Catalyst, Hasson Organizations: Reuters, Tech, Silicon Valley Bank, Service, Nation Central, Investment, Nation Policy Institute, Israel ., Insight Partners Locations: Israel, Silicon, Tel Aviv, Europe, Israel . New York
☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
  + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com   time to read: +5 min
"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.
Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem
☆ Israel's ThetaRay raises $57 mln in private round
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +1 min
JERUSALEM, Sept 5 (Reuters) - Israel's ThetaRay said on Tuesday it raised $57 million in a private funding round led by global fintech platform Portage. ThetaRay's technology uses artificial intelligence to identify financial cyber threats like money laundering so users can take action against suspicious transactions. "Global payment infrastructure too often fails to accurately differentiate between perfectly legitimate transactions and ones from bad actors dealing with illicit funds," said Peter Reynolds, CEO of ThetaRay. Venture capital funds JVP, the largest investor in ThetaRay, OurCrowd and others also participated in the funding round. (This story has been corrected to remove reference to ThetaRay being a cyber security firm in paragraph 1)Reporting by Steven ScheerOur Standards: The Thomson Reuters Trust Principles.
Persons: Israel's ThetaRay, Peter Reynolds, Steven Scheer Organizations: Venture, JVP, Thomson Locations: Portage, ThetaRay, OurCrowd
☆ Analysis: Israel's tech sector reels from SVB collapse, proposed judicial reform
  + stars: | 2023-04-03 | by ( Steven Scheer | ) www.reuters.com   time to read: +7 min
In an industry of around 400,000 there are currently around 6,000 vacant tech jobs, according to government data. More than half of the country's startups held an account with SVB, companies and venture capital investors said, in some cases their only U.S. banking facility although the amounts involved are not fully known. Tech companies and investors alike said SVB was a rarity in the banking industry, familiar with Israel's tech ecosystem and offering loan terms unmatched by other banks. Citing the judicial reforms, Adam Fisher, a partner at investment firm Bessemer Venture Partners, said fewer American banks may be willing to lend to Israeli companies, which means less competition and more onerous terms. Israel's tech companies are therefore likely to flock to register as U.S. companies, while keeping R&D back home, said Yaron Samid, managing partner of the TechAviv Founder Partners fund.
☆ Israel’s OurCrowd to Launch AI Business in U.A.E.
  + stars: | 2022-11-16 | by ( Dov Lieber | ) www.wsj.com   time to read: 1 min
TEL AVIV—Israeli venture-capital firm OurCrowd is investing tens of millions of dollars to start an artificial-intelligence business in the United Arab Emirates, in the latest sign of deepening commercial ties between the two neighbors after they established diplomatic relations two years ago. OurCrowd said it is partnering with Abu Dhabi Investment Office, a government entity responsible for facilitating investment in the U.A.E. capital, to expand its operations in the country, which will see its team grow to 60 employees from four over the next four years.
☆ Israel's OurCrowd starts $200 mln health technology fund
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
JERUSALEM, Sept 19 (Reuters) - Israeli investment firm OurCrowd said on Monday it launched a $200 million fund focusing on technology that can impact healthcare globally. OurCrowd said its Global Health Equity Fund (GHEF) "will fuel innovation and increase investment in the health sector, with the shared goals of delivering competitive returns to investors and ensuring equitable access to medical care." The fund, OurCrowd said, was conceived in the wake of the COVID-19 pandemic that stressed health systems across the world. It will focus on healthcare and industries like energy transition and food agriculture that also impact health. Target portfolio companies will be those looking to improve medical care and working to mitigate global health risks related to climate, fossil fuels, and looming food shortages, it said.
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