Illustration of Traps Towed Active and Passive Sonar Elbit Systems Ltd. announced that it was awarded a contract valued at approximately $53 million to provide and integrate intelligence suites onboard vessels of the Navy of a country in Southeast Asia. The contract...
Feelit has raised $1.5 million. The funding for this round came from Takwin, which specializes in investments in the Arab-Israeli sector, Exit Valley, and the venture fund of the Technion. This new round comes after the company had already raised an initial...
Simplify Team Siemplify Raised $30 million in a Series-C round of financing. The lead investor in this new funding round was Georgian Partners, with participation from Siemplify’s existing investors: 83North, G20 Ventures, and Jump Capital. Siemplify reports that it sales have been growing...
Elbit reported positive results for the first quarter of 2019. It was the first quarter that included the full consolidation of Israel Military Industries and Universal Avionics in its reporting, and as such, sales were clearly up.  However, IMI’s lower margins resulted...
Cylus, has raised $12million in a Series A funding round.The round was joined by several new investors, including Cyient a global provider of engineering and technology solutions for rolling stock and signaling OEMs and rail operators, Cerca Partners, GlenRock, Leon Recanati's private...
Teva Israel's leading pharmaceutical company released its quarterly and 2019 results today. They showed an improvement from 2018 as losses narrowed. Full-Year 2019 and Q4 2019 Highlights:   FY 2019 Q4 2019 Revenues $16.9 billion $4.5 billion Revenues prior to revision (*) $17.5 billion $4.6 billion Cash flow...
Kibbutz Givat Brenner, Israel – Equinom, Ltd., the leading seed breeding startup, announces it has closed its Series B round of funding of $10 million, led by BASF Venture Capital, Germany followed by Roquette, France; and Trendlines Group, Israel. Equinom’s current investor,...
Akamai the US based content distributor(CDN) and security firm has purchased Tel Aviv based Guardicore.   The purchase price is $600 million.  Current stockholders and employees will also receive the current cash balances of the company. Guardicore has developed a micro-segmentation solution...
Elbit Systems Ltd. was awarded an approximately $82 million contract from BAE Systems Hägglunds AB (“BAE Systems Hägglunds”) to supply the Royal Netherlands Army (“RNLA”) with Active Protection Systems (“APS”) and electro-optical commander sights. The contract will be performed over a period of...
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...