SaaS management platform Torii laying off 30% of team

SaaS management platform Torii laying off 30% of team. The Israeli startup, which raised a $50 million Series B led by Tiger Global last February, is parting ways with 28 employees.

Wenrix raises $15 million led by Insight Partners to predict optimal timing for purchasing flight tickets. The Israeli startup's algorithms are based on big data and deep learning models that predict when flight tickets are at their lowest price.

Thoma Bravo's Applitools acquires Preflight in $10-15 million deal to expand AI-powered test automation tools. With this acquisition, Applitools expands its portfolio to offer an end-to-end testing platform that covers the entire automated testing lifecycle.

General Catalyst to invest up to $150 million to help Lemonade acquire new customers. Lemonade is aiming to expedite its path to profitability through the Synthetic Agents program in which General Catalyst will finance 80% of the cost of acquiring new customers in return for 16% of the premiums generated from the insurance policies.

Israelis should look to Virginia to cozy up to U.S lawmakers. The state of Virginia is near the nation’s capital and a unique spot for Israeli companies looking to partner with the U.S. government.