Cyber startup Torq’s $70M funding pushes 2024 total to $112M amid triple-digit growth

Cyber startup Torq’s $70M funding pushes 2024 total to $112M amid triple-digit growth. The Israeli startup has seen revenue growth of over 3x for the second consecutive year and expects to reach $100 million in annual recurring revenue (ARR) by the end of 2026.

Nvidia SVP: “We’re always concerned we are not fast enough or good enough.” Amit Krig, SVP networking software and Nvidia-Israel site leader, added that “no one offers a complete end-to-end solution like ours, and that is our biggest advantage.”

Imaging sensor unicorn Vayyar laying off dozens of employees as cash burn forces strategic shift. After raising $300M, the 3D sensor company narrows focus to core markets in a bid for sustainability.

Avi Eyal: "Maybe the next OpenAI won’t come from Israel, but there will be significant successes here." Eyal was speaking on a panel at Calcalist's AI conference together with Orna Kleinmann, Managing Director SAP Labs Israel & Senior Vice President at SAP Business Technology Platform, Sarai Bronfeld, Partner at NFX, Rona Segev, Co-Founder & Managing Partner at TLV Partners, and Ziv Katzir, Head of the National Program for AI Infrastructure at the Israel Innovation Authority.

“We are committed to helping AI startups in Israel shape a new future.” Kevin Cochrane, Vultr's Global CMO, added that “we're at the beginning of a new 10-year cycle, with artificial intelligence architecture, where we’re developing not only for cloud computing and cloud storage but also new types of storage and network computing to support AI applications.”