War can't stop Israeli cyber growth

War can't stop Israeli cyber growth. Israeli cyber startups raised $2.9 billion between January and mid-June, compared to $1.9 billion in all of 2023 and $3.2 billion in 2022. There were also 12 exits in early 2024, compared to 21 in 2023, 16 in 2022, and a record 35 in 2021, according to a report by YL Ventures.

“Intel is the only Western company that manufactures silicon chips with the most advanced technology and this is an opportunity.” Karin Eibschitz Segal, VP at Intel, added that “Intel's uniqueness in AI is that it is one of the only companies in the world that has a full portfolio—meaning the ability to develop end-to-end solutions."

Illumex raises $13 million Seed round for enterprise GenAI platform. The platform acts as an intermediate layer that reconciles data silos and automatically adds context and meaning to data.

Bright Machines bags $126 million Series C one month after closing Israeli R&D center. The company, headed by Israeli CEO and founder, Lior Susan, laid off 60 of 68 employees in Israel, with the rest relocating to San Francisco.

X adds Stripe identification services - at the expense of Israeli AU10TIX. The social media company now uses U.S-based Stripe following user concerns about privacy and alleged links to Israeli intelligence agencies. AU10TIX: We do not disclose information about our customers.