How Israeli high-tech companies are adapting to IDF reserve duty demands
CTech by Calcalist
CTech is a technology news site providing high impact stories from the Israeli tech scene
How Israeli high-tech companies are adapting to IDF reserve duty demands. With the beginning of the war, many high-tech workers were recruited into the IDF reserves, including senior management. Most have returned to the office, but some still continue to serve several days a week in between work.
February 2024 in Israeli tech funding: $293 million in 16 deals. This is a 60% decrease compared to the $731 million raised by Israeli startups in February 2023.
Why Israel's deficit is actually $11 billion larger than reported. According to Prof. Momi Dahan, the deficit in 2024 is much larger than the one shown in the budget book, standing at NIS 170 billion ($47 billion) and making up 9% of GDP.
German retailer REWE using Israeli startup’s AI platform to digitize shopping. Catch has developed a multichannel platform that operates across smart carts, smartphones, and self-checkout kiosks.
8200 Alumni Association launches global program to support Israeli startups amid tech slowdown. Eight Israeli startups will be taking part in an intense program in New York in the coming week, receiving tailored programming on the U.S. market, access to leading VCs and local experts, and will participate in Calcalist’s Mind the Tech conference.