Nice Systems has received its largest order ever — a ten year contract from the US Federal Aviation Administration, with a value of up to $137million. Nice will supply software to track and manage all incidents. "Millions of flyers...
Global warming has generated a host of rotten repercussions, the most dramatic being a considerable rise in the sea level. One of the damaging side effects of the rising level of the sea is the increased salinity of groundwater in many areas. The...
WSC Sports, has raised $23 million in Series-C financing, bringing the company's total funding to $39 million. The new capital will be used to further expand WSC's growth across new sports, products and geographic regions. This funding round was...
Rookout Founders Or Weis and Liran Haimovitch Today, Rookout, the data extraction and pipelining platform, announced it has raised $8 million in funding. The Series-A Round was led by Cisco Investments, who made a strategic investment alongside existing backers TLV Partners and Emerge....
SofWave Medical Ltd., has developed a unique device to help individuals look their best without complicated surgery. SofWave has developed a Non-Invasive Fractional Ultrasound Technology for skin tightening. Today Sofwave announced they closed a $8.4M financing round, led by XT Hi-Tech and...
Elbit Systems Ltd. has continued its series of sales to unnamed countries in Asia. Today, Elbit announced an $80 million contract to upgrade tanks and supply radio systems for the Army of a country in South East Asia. The contract will be...
Teva, once the flagship company of the Israeli economy, has had more woes than the prophet Job. Despite its many problems, Teva still has a strong core business and hopes that by cutting enough expenses from its operations it can become profitable...
Israel has another unicorn, the third in the past few weeks. The company, Cyberreason, announced it has raised $200 million from Softeam, at a valuation over $1 billion. Cyberreason initially raised money from CRV, Spark Capital, and Lockheed Martin. Until...
Tanks were first used in warfare during World War I, in an attempt to break the stalemate created by the trench warfare in the West. Since their introduction, tanks have evolved in a somewhat linear fashion. The guns have become larger, the armor thicker,...
Amazon has acquired Israeli storage firm E8 Storage. The exact price of the acquisition was not disclosed, but estimates suggest the sum was in the tens of millions of dollars— with some sources placing the price at $60 million. E8 was founded...