Economics
Latest Economics News
Etraveli Group buys Israeli AI travel-tech co Wenrix
Swedish travel-tech company Etraveli Group announced today the acquisition of Israeli AI travel-tech startup Wenrix. Financial terms of the deal…
Hailo cuts 10% of workforce
Israeli chip company Hailo, which develops dedicated processors for running AI applications on smart edge devices, is currently streamlining and…
Elbit expands US production with Sigma howitzer
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) US unit Elbit America has recently completed manufacturing the first…
Cyera raises $400m at $9b valuation
Israeli AI and data security company Israeli cybersecurity company Cyera today announced the completion of $400 million Series F financing…
IEC suspends ‘service’ charges for rooftop solar panels
The Public Utilities Electricity Authority has instructed the Israel Electric Corp. (IEC) to suspend retroactive ‘systems service costs’ charges to…
Wix orders employees back to office full time
Israeli website building company Wix.com Ltd. (Nasdaq: WIX) has instructed employees to return to the office full time - five…
Fireblocks buys Israeli startup TRES Finance for $130m
Israeli cryptocurrency security company Fireblocks today announced that it is acquiring Israeli crypto accounting startup TRES Finance, which has developed…
Mobileye buys Shashua’s Mentee Robotics for $900m
Israeli advanced driving assistance systems (ADAS) company Mobileye Global Inc (Nasdaq: MBLY) founder and CEO Prof. Amnon Shashua announced last…
Private equity firm close to AppsFlyer acquisition for $3b
Israeli unicorn AppsFlyer has been in protracted negotiations to be acquired, which are now close to fruition. "Globes" has learned…
Mega Or to provide data center services to Nebius
Mega Or Holdings (TASE: MGOR) data centers unit Mega DC has announced that it will provide 80 MW of data…
