Globes (Rishon LeZion, Israel)

Publisher

Latest documents

• Israeli smart glass co Gauzy files for Nasdaq IPO

  Israeli smart glass manufacturer Gauzy has filed a prospectus for an IPO on Nasdaq. The Tel Aviv-based company is yet to report the amount it plans to raise and at what company valuation. Barclays, TD Cowen and Stifel will serve as underwriters.

• Apartments sold and rented

  Second-hand apartments sold

• Gov't decides not to decide on Reindeer power plant

  Last week, the government decided not to decide about the construction of the proposed Reindeer Energy Eastern Power Station power plant in the South Sharon regional council, and by a majority of eight to six voted to send the plans back to the National Infrastructures Committee. As for the plan for expanding the OPC power plant in Hadera, the government decided to cancel it.

• US House of Representatives approves special aid for Israel

  On Saturday, the US House of Representatives approved aid totaling $95 billion to several countries, among them Israel.

• Wiz signs letter of intent to buy Lacework - report

  Israeli cloud security company Wiz has signed a letter of intent to acquire US cloud security startup Lacework, sources close to the negotiations have told "TechCrunch." According to those sources Wiz will pay just $150-200 million for the US company, which was given a valuation of $8.3 billion, post-money in its last financing round.

• S&P cuts Israel's credit rating

  Due to the conflict with Iran, the ongoing war in Gaza and the escalation on the northern border, international ratings agency S&P has announced that it has cut Israel's credit rating from AA- to A+. In addition Israel's credit outlook has been downgraded from 'stable' to 'negative.' The announcement was unexpected, with S&P's official decision on Israel's credit rating not expected until May 10.

• Shekel at weakest for five months against dollar

  The shekel is weakening today against the dollar and against the euro. In late morning inter-bank trading, the shekel is 0.47% higher against the dollar at NIS 3.793/$ and 0.91% higher against the euro at NIS 4.052/€.

• Israel and US testing microwave and laser weapons - report

  The US and Israel are now testing microwave and laser weapon systems to combat drones that are being developed by private companies, "The Wall Street Journal" reports. The advantage of these armaments systems is economic.

• Mobileye receives 46m orders for new EyeQ6 chip

  Israeli advanced driving assistance systems (ADAS) company Mobileye Global Inc. (Nasdaq: MBLY) announced yesterday that it has delivered the first production-candidate hardware and software of its new EyeQ6 Lite system-on-chip to customers to speed ADAS upgrades worldwide. The company added that the new chips will be installed in 46 million vehicles over the next few years to make new vehicles safer and easier to drive.

• Cabinet approves budget cut despite Smotrich's opposition

  In an unprecedented move, the Cabinet in its final meeting before the Passover holiday today approved an across-the-board flat budget cut in all ministries, despite resolute opposition by Minister of Finance Bezalel Smotrich.

Featured documents

• Export controls strangling Israel's cyberattack industry

  In the past few days a small, little-known Israeli cyberattack company called Nemesis shut down. The company, which tried to compete with NSO Group with spyware that takes control of smartphones, was never exposed by the media, and did not even have a company website but its closure marks for many...

• Israel issues world's first digital bond

  The Tel Aviv Stock Exchange (TASE: TASE), the office of the Accountant General at the Israeli Ministry of Finance, and three leading tech companies in the field (Fireblocks, VMWare and BlockFold) last week completed the proof of concept (PoC) phase for Project Eden, issuing a government digital...

• Will a small Galilee factory deliver Nvidia's superconductor?

  Even at a distance, the Simtal Nano-Coatings factory stands out from its surroundings in the dusty Tsiporit industrial park in the Upper Galilee. The facade is mauve, and the color also dominates inside, where dozens of women work delicately alongside orderly rows of electronic boards, peering at...

• His company just raised $238m, so what's eating Shlomo Kramer?

  In recent months, it's been hard to find Shlomo Kramer in a peaceful moment. The serial entrepreneur, a partner in founding companies like Check Point Software and Imperva, as well as a funder of many other companies as they started out - the most prominent of which is Palo Alto Networks - looks...

• "Everybody cries"

  Kebe Dunn, wife of actor-comedian Michael Rapaport, hadn't seen her husband cry in a decade. But in December, during his visit to Israel, the floodgates opened. It happened when he met 17-year-old Ofir Engel, who had returned from Hamas captivity. That meeting came after weeks of Rapaport trying to ...

• A trip to better management skills?

  The substances described in this article are illegal in Israel and their use, even in a controlled manner, may cause physiological and mental disorders....

• Kenny Rozenberg: I mend broken companies

  In September 2020, as El Al Israel Airlines Ltd. (TASE:ELAL) was mired in debts of NIS 1 billion, and having failed to raise bank loans to save it from the Covid crisis, Uncle Sam came to the rescue. Kenny Rozenberg, until then a name few had heard of in Israel, invested $105 million in the airline ...

• Alan Feld: Israel's tech sector barometer

  Recently, Israel's senior tech leaders gathered in an events hall on Tel Aviv's Menachem Begin Road for a private conference. Present were prominent investors like Eran Barkat of BRM, Yanai Oron of Vertex Ventures and Avi Eyal of Entrée Capital, but all were waiting for another person to speak:...

• Israeli data analytics co Coralogix raises $142m

  Israeli in-stream data analytics company Coralogix today announced it has completed a $142 million Series D financing round. Most of the funds will go to the company for investment although some of the funds are being used to purchase shares from existing shareholders in a secondary deal. This...

• Israel thwarts Hamas on the financial battlefield

  Two weeks into the war, the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA) received secret intelligence information from two European countries that warned: "A large, well-known organization is raising funds for Hamas through posts on social networks, and fintech company...