Hightech

Elbit Systems completed a successful field demonstration of its patented HyDrop system, an innovative solution enabling high-altitude high-precision aerial firefighting. The field demonstration took place recently as part of an exercise led by the Israel Fire and Rescue Authority. During the exercise...

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...

Today, Wix reported excellent results, with second quarter revenues totaling $184 million, up 27% from Q2 of last year. Collections totaled $199 million, up 25% from last year. Both numbers were higher than the company’s previous guidance. Cumulative collections from H1 '19...

Profitect console

Elbit Systems Ltd. announced today that its UK subsidiary, Elbit Systems UK Ltd. was awarded an approximately $38 million contract from the UK Ministry of Defense to supply comprehensive JFST systems to the British Army. The JFST systems will be supplied over...

Israel has a new unicorn. Today, the Israeli software company, Lightricks, announced it has raised $135 million in Series-C funding round, at a $1 billion valuation. This round was led by Goldman Sachs Private Capital Investing, with participation from additional investors, including:...

Dario Health continues to introduce products that enable individuals to effectively keep tabs on their own health. The company that started with a single device to enable users to monitor their blood glucose level throughout the day (a device that is extremely...

Gilat Satellite Systems Gilat Satellite Networks Ltd. announced today that a Gilat high-throughput modem enabled the first ever demonstration of 5G services over a Low Earth Orbit (LEO) satellite. The successful test was conducted with the tier-1 European operator last month using Telesat's...

Human Xtensions, which has developed robotic devices to serve as assistants in non-invasive surgery, is in the midst of its fourth funding round, at a value of $140 million. The lead investor in the latest round is Pesagot Investments, which is set...

Fiverr has released a new stock prospectus, prior to a public offering on the NASDAQ. The company seeks to raise $100 million, while placing an after offering valuation of the company at $600 million. The company plans to sell 5.3 million shares,...