Cyberstarts nets $60 million for fourth Seed fund

Cyberstarts nets $60 million for fourth Seed fund. Gili Raanan’s VC fund took its assets under management to $720 million on the back of acquisitions of portfolio companies Axis Security, Bionic, and Noname Security.

ASML forecast cuts $1 billion from Israeli chip manufacturer Nova’s market cap. Nova, Tower, and Camtek face steep losses after ASML signals slower growth for 2025, impacting global chip demand.

Israeli pension funds shift toward private investments and S&P 500 as high-tech exposure drops. Despite war and political instability, Israel’s institutional investors expand into private funds and global markets, reducing high-tech exposure while managing over 2.5 trillion shekels in assets.

Nebius eyes $1 billion in AI revenue as Nasdaq trading resumes post Yandex split. With a focus on AI infrastructure, Nebius is set to capitalize on the booming demand for GPUs and data centers, aiming for massive revenue growth by 2025. Nebius has a significant R&D center in Israel and is headed by CEO Arkady Volozh, founder of Yandex, who has been living in Israel in recent years.

Will we ever know how many employees Intel is laying off in Israel? In the U.S., companies are required to reveal mass layoffs by law, but in Israel, they are free to keep the public in the dark. This discrepancy raises concerns about the accountability of tech giants and leaves the likes of Intel Israel employees in limbo.