"Israel is becoming a pariah state, a hated country, and it’s trickling down to high-tech"
CTech by Calcalist
CTech is a technology news site providing high impact stories from the Israeli tech scene
"Israel is becoming a pariah state, a hated country, and it’s trickling down to high-tech." High-tech executives point to the depth of the crisis in the industry: from the more extensive recruitment of employees from abroad at the expense of workers in Israel to the difficulty of raising money due to criticism of Israel.
Tenable acquires Israeli cyber startup Eureka for tens of millions of dollars. Eureka had several offers before closing a deal with the American cyber giant.
Cyber wars: Wiz denies Orca’s patent claims, strikes back with counterclaims. Patent dispute intensifies as Wiz rejects claims that it has infringed on any of Orca's patents, offering a counter-narrative highlighting its own technological advancements and market success.
Gauzy settles for underwhelming $244 million valuation in Nasdaq IPO. The nanotech startup was forced to make a significant compromise on its valuation, even though it aimed for a valuation of $500 million, as it only had $4.2 million remaining in its account as of the end of the first quarter.
Employee concerns, investor pressure, and security woes: WalkMe's exit is no celebration. The enterprise digitization solutions company is being acquired by the German giant SAP for $1.5 billion, far below its 2021 IPO value. After the completion of the transaction, it is uncertain if SAP will maintain WalkMe's inflated workforce of 1,000 employees.
????
5 个月Very deep and valuable analysis. “We wanted the war to finish asap so much and get back to our “normal” life. We are not experts in global politics and whatever but we really wanted everything to be cool and ok. Shit, it’s really tough. We don’t like it. We will write a letter to the government now they completely failed to make our dreams come true! And oh shit again, so many people hate us”. Keep yourself busy boys and girls and you will be just fine except for less media attention. Shabbat Shalom