Proptech startup Stoa slashes workforce after raising $300 million, uncertain future ahead

Proptech startup Stoa slashes workforce after raising $300 million, uncertain future ahead. The company cut its workforce by 80% from around 100 employees to just 20 and said that “there are several deals on the table that the company is considering.”

Spiritt takes Seed funding to $13.5 million for AI platform that builds apps through verbal descriptions. The Israeli startup's platform allows individuals with no programming knowledge or access to programmers to independently develop end-to-end complex applications by verbally describing their ideas to the computer.

Nitrofix raises $3.1 million Seed to produce ammonia from water and air. By using water as a source of protons instead of fossil fuels, the Israeli startup’s technology reduces the activation energy needed to combine nitrogen with hydrogen.

CEOs of Israeli public companies speak out against judicial overhaul. "We, the CEOs of global public companies active in Israel and around the world, supporting the Israeli economy, view the current events in Israel with concern and call on Prime Minister Netanyahu to implement significant judicial changes only on the basis of broad consensus,” the CEOs wrote.

CTalk | "Generative AI is a savior for high tech." General Partner at Disruptive AI VC Yorai Fainmesser spoke to CTech at Calcalist and KPMG’s Work After Work event in Tel Aviv about the promise of Generative AI.