How an Israeli CEO balanced saving lives in Gaza with running his healthtech startup
CTech by Calcalist
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How an Israeli CEO balanced saving lives in Gaza with running his healthtech startup. Alon Joffe, CEO of Eleos Health, talks about balancing being a major in the IDF's combat search and rescue extraction unit and managing a promising startup. "There was a quarter when the company was run without a CEO, but rather by the management team and they were amazing."
From Seminary to Startup Nation: Could Haredi women propel Israel's tech boom? Employment and education among ultra-orthodox women, including in tech, is only rising, says a recent Israel Democracy Institute report. This is in part due to initiatives like Ultra-Code, a two-year program that provides haredi women with advanced study and training in technological subjects to help them gain employment in the tech sector.
Shadow of uncertainty still lingering over SolarEdge despite huge cutbacks. Sources close to the company reveal that SolarEdge had formulated a work plan based on quarterly revenues ranging between $600-700 million. More layoffs could be coming should the company continue to fall short of its target.
J.P. Morgan affirms commitment to Israel through expanded local tech center. The global bank has a center in Israel that is partly responsible for Athena, its risk and trade management platform.
Red Dot Capital Partners completes first close of $250 million early growth fund. The fund leads investments in Israeli companies that show first signs of product market fit and have reached revenues of $1-5 million, usually in A-C rounds.