Israeli startups raise record $8B in 2019
Having secured some $6.4 billion in the first nine months of 2019, Israeli startups went on to raise roughly $2.05 billion in the fourth quarter of 2019
Business & Finance
Tesla expected to launch Israel operations this January
Elon Musk's electric car giant has advertised for a country manager for its Israel operations and is slated to open a pop-up store at the Ramat Aviv mall in north Tel Aviv.
Israeli tech exits in 2019 doubled to nearly $10 billion
The United States remains the largest investor in the Israeli market, accounting for 60% of the number of deals.
Tel Aviv Stock Exchange seeks to improve transparency, broaden appeal
The TASE, which went public in August, has lost 40% of investors since 2010. With 447 traded companies at a market value of $215 billion, the exchange has been struggling with delistings and declining trading volumes.
Intel buys Israel's Habana Labs for $2B
Intel VP Navin Shenoy: Habana "turbo-charges" our artificial intelligence offerings.
Israeli tech firm WalkMe raises $90 million
WalkMe technology helps users navigate software, websites and applications. Company says it will use the investment to expand into new markets, scale its platform to meet customer demand.
650 Christian entrepreneurs to attend economic event
ARISE, or the Alliance to Reinforce Israel’s Security and Economy encourages businesses to invest in Israel by showcasing the growing tech sector and startups.
Cyprus signs $9 Billion gas exploitation deal with Israeli firm, energy majors
Nicosia awards Israel's Delek, Shell, US-based Noble 25-year license for exploitation venture in the Aphrodite offshore natural gas field.
Teva says opioid settlement will not derail ability to cut debt
Pharmaceutical giant confident it will be able to continue paying down its huge debt burden even if it is forced to pay billions of dollars to settle thousands of US opioid lawsuits.
Elbit Systems wins $50M contract with Portuguese Defense Ministry
Israeli defense contractor to supply the Portuguese Air Force with a complete electronic warfare suite and customer logistics support for its new KC-390 multi-mission aircraft. Contract to be carried out over a five-year period.