Israel Tech Daily
A short daily briefing on Israel's tech industry, in English: the funding rounds, acquisitions, IPOs, product launches, layoffs and scandals from the last day, explained in about six minutes. From Startup to Follow. Written from the day's reporting in English and Hebrew, with every source linked in the show notes, and voiced by AI hosts.
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Classiq's founder on choosing Intel, Israeli defense tech M&A jumps to $3.26 billion, Nexera sells KeepZone
<p>Classiq's chief executive tells Ynet the company came close to an IPO before Intel, and that Intel's quantum effort will be led from Israel. Plus a Frost & Sullivan report on defense tech deals, Nexera's KeepZone sale and Tel Aviv tech shares after the election.</p> Classiq's founder says the company was close to an IPO before choosing Intel, and that Intel's quantum effort will be led from Israel - Nir Minerbi told Ynet that Classiq's 140 employees will roughly double Intel's quantum headcount and that Classiq becomes a business unit under Intel's chief technology officer.<br>Sources: Ynet, GeektimeIsraeli defense...
Intel buys Classiq for $2.3 billion, Unconventional AI acquires NeuReality, and SolarEdge cuts about 200 jobs
<p>Intel is buying Israeli quantum software company Classiq in a deal valued at $2.3 billion, US startup Unconventional AI is acquiring chipmaker NeuReality, and SolarEdge lays off about 10% of its staff.</p> Intel acquires Israeli quantum software company Classiq for $2.3 billion - Globes puts the effective price at about $2.2 billion after Classiq's cash, the largest acquisition ever of a quantum computing company.<br>Sources: Globes, Ynetnews, Israel HayomClassiq's founders and early investors stand to collect hundreds of millions, and Intel's CEO was an early backer - CTech reports Lip-Bu Tan invested in Classiq in 2022 and recused himself from discussions on...
US seeks control of Israeli tech in aid talks, Check Point sees election cyberattack surge, monday.com rallies
<p>Globes says technology control, not money, is the sticking point in US aid talks. Check Point reports a surge in cyberattacks on Israeli organizations before the election, and monday.com's stock is up about 81% since April.</p> US seeks control of Israeli defense technology as the price of future aid, Globes reports - The current US aid agreement expires in 2028, and both sides have agreed future military financing will be sharply lower.<br>Sources: GlobesCheck Point reports a surge in cyberattacks on Israeli organizations ahead of the election - Attacks averaged 2,700 a week in early October, up 55% from a...
Tech backlash to Netanyahu's crypto plan, Fireblocks cuts 7% of staff, and FIMI's $65 million Maytronics bid
<p>Israel's tech industry and the Bank of Israel push back on Netanyahu's call for a crypto-based alternative economy, Fireblocks cuts about 7% of its workforce, and FIMI offers $65 million for half of Maytronics.</p> Netanyahu's call for a crypto-based alternative economy draws fire from tech leaders and the Bank of Israel - Netanyahu said on Saturday that crypto is one tool among several and it is not certain it will be used, Globes reports.<br>Sources: Calcalist, CTech, GlobesFireblocks cuts about 7% of its workforce, including dozens of jobs in Israel - It is the company's third round of cuts since 2023...
Upwind and a reported $4 billion Datadog offer, Visa's reported Fireblocks talks, and Wiz on a major PHP flaw
<p>Reports say Upwind turned down a $4 billion offer from Datadog and Visa is in talks to buy Fireblocks, Wiz researchers help expose a major PHP flaw, and 2Delta gets backing from Bill Ackman and Eric Schmidt.</p> Upwind reportedly turns down a nearly $4 billion acquisition offer from Datadog - The Information reported the offer and Globes says Upwind rejected it, while CTech says it learned the reported offer was not made.<br>Sources: Globes, CTechVisa is reported to be in advanced talks to buy Fireblocks for about $2.5 billion - The report comes from Axios, and Fireblocks denies it.<br>...
Sheba's ARC merges with Redesign Health, Mave raises $34 million, and Israel weighs a tax on tech options
<p>Sheba Medical Center's innovation arm ARC merges with New York's Redesign Health, cyber startup Mave raises $34 million, Modelyo raises about $17 million, and a plan to tax unexercised options draws opposition.</p> Sheba Medical Center's innovation arm ARC Global merges with New York's Redesign Health - Calcalist puts the deal at tens of millions of dollars, paid to Sheba, with about 10% going to the state.<br>Sources: Calcalist, PR NewswireCybersecurity startup Mave raises $34 million for AI agents that investigate security alerts - The total includes a $28 million Series A led by Red Dot Capital Partners.<br>Sources: Business Insider, WallaModelyo...
Elbit buys underwater drone maker ISE, RGo Robotics winds down, and XTEND shares hit a new low
<p>Elbit Systems completes its purchase of Canadian underwater vehicle maker ISE, RGo Robotics sells licenses to its technology as it winds down, and XTEND falls to about a third of its listing value.</p> Elbit Systems completes the acquisition of Canadian underwater vehicle maker International Submarine Engineering - Elbit did not disclose the price, describing it as not material.<br>Sources: Globes, CTech, The Jerusalem PostRGo Robotics winds down and sells licenses to its technology, including to John Deere's Blue River - Blue River will open its first R&D center outside the US in Israel, according to TheMarker.<...
Boomi buys Elementary, TTM pays $650 million for Ophir's optics business, and doubleAI launches Maxwell
<p>Boomi buys Israeli data observability startup Elementary for about $40 to 45 million, TTM Technologies agrees to buy Ophir's Jerusalem optics business for $650 million, and Amnon Shashua's doubleAI unveils its first code execution model.</p> Boomi buys Israeli data observability startup Elementary for about $40 to 45 million - It is Boomi's third Israeli acquisition, after Rivery and Lunar.dev, according to CTech.<br>Sources: CTech, Business WireTTM Technologies agrees to buy MKS's Ophir Optics business in Jerusalem for $650 million - The deal excludes Ophir's laser measurement business and the Ophir brand, which stay with MKS.<br>Sources: Globes, Yahoo FinanceAmnon Shashua's doubleAI...
Israel plans a 200 MW cap on data centers, OpenWeb staff threaten liquidation, and IAI faces an IPO deadline
<p>Israel's Electricity Authority outlines a 200 megawatt cap on new data centers, OpenWeb's Israeli employees threaten to seek liquidation, IAI has six weeks to rescue its IPO plan, and senior managers leave monday.com.</p> Israel's Electricity Authority outlines a 200 megawatt cap on each new data center - Grid operator Noga received connection requests totaling about 27,000 megawatts, according to Calcalist.<br>Sources: Calcalist, CTechOpenWeb's Israeli employees demand to be paid from company funds or they will seek liquidation - OpenWeb is under a court-appointed temporary trustee and in a dispute with its lender, Liquidity.<br>Sources: GlobesIsrael Aerospace Industries has...
Hex-Rays buys Ventris for up to $35 million, Rocket buys Geniez AI, and Gauzy's CEO leads a rescue
<p>Belgian reverse-engineering firm Hex-Rays buys six-person Israeli AI security startup Ventris, Rocket Software buys mainframe AI startup Geniez, Gauzy's CEO leads a $7 million rescue, and John Paulson gives Hebrew University $250 million.</p> Hex-Rays, maker of IDA Pro, buys Israeli AI security research startup Ventris for $30 million to $35 million - Ventris has six employees, was founded in 2025 and never raised outside capital, according to CTech.<br>Sources: CTechRocket Software buys Geniez AI, an Israeli startup building AI agents for mainframes - The price was not disclosed; Calcalist estimates it at up to $100 million.<br>Sources: CTech, Quasa.ioInvestors led by...
