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21:58
Global AI acquires Israeli AI startup Tectu for $13 million
21:13
NetApp sells Spot to Flexera for $100 million, four years after $450 million acquisition
18:19
Israel enhances air defense with new Iron Dome and Iron Beam orders
17:20
eToro files for US IPO, targeting $5 billion valuation
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Lenovo acquires enterprise storage company Infinidat in its first Israeli acquisition
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NetApp sells Spot to Flexera for $100 million, four years after $450 million acquisition
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eToro files for US IPO, targeting $5 billion valuation
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Spot.io founder nets $7 million Seed round to tackle cloud chaos with new startup
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Qbiq raises $16M Series A for its automated architectural solutions
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Defense
20 stories about Defense
Israel’s weapons orders cross $5 billion since outbreak of war
14.01.24
|
Yuval Azulay
Due to local demand, major defense companies Rafael, Israel Aerospace Industries, and Elbit Systems have delayed the supply of weapons worth over $1.5 billion to their global customers
BIRD invests $6.3 million in three homeland security projects
08.01.24
|
James Spiro
Companies include features that can detect fraud in real-time, scan for improvised explosives, and advance wildfire situational awareness
Israel perfectly positioned to spearhead a defense tech renaissance
18.12.23
|
Elihay Vidal
Israeli startups should prioritize defense tech, with TLV Partners' Yonatan Mandelbaum coining it "Patriotism as a Service." Aligned with Andreessen Horowitz's "American Dynamism," the call for innovation in defense tech is underscored by the evolving global landscape and accessible weaponry, emphasizing AI and a "Defense First" approach
Rafael to hire 2,000 amid surge in employees who want to ‘participate in war effort’
10.12.23
|
Maayan Manela
Sagit Sela-Gal, Executive VP of Human Resources for Israeli defense company Rafael, speaks about meeting demand during wartime with 20% of employees drafted into the reserves and 250 evacuated from their homes, as well as Rafael’s plans to hire 2,000 new employees in 2024 after exceeding more than NIS 40 billion in sales.
Elbit CEO: "We recruited hundreds of employees and brought back retirees due to demand and war"
28.11.23
|
Yuval Azulay
Some 2,000 of the employees of the public security company were called up to the IDF reserves due to the war in Gaza. Elbit supplied the IDF, among other things, with the "Iron Sting" precision mortar; In the third quarter, the company's net profit increased by 8.2% to $61 million
Arms manufacturers' stocks surge worldwide following Hamas attack
11.10.23
|
Amir Perger
As the Gaza conflict unfolds, arms manufacturers globally witness significant stock price gains
Air defense system sales propel Rafael to record earnings, $10.8 billion order backlog
27.08.23
|
Yuval Azulay
During the first half of the year, the company's sales increased by 28% in comparison to the first half of 2022, totaling around $1.61 billion
US Marines adding Iron Dome to arsenal, planning to buy three batteries and over 1,800 interceptors
27.08.23
|
CTech
The deal with the Marines, who tested the systems last year, could be worth hundreds of millions of dollars for Rafael
Russia-Ukraine war drives European demand for Israeli missile defense systems
07.08.23
|
Yuval Azulay
Arrow 3 and David's Sling gaining momentum with first-ever exports to Germany and Finland
Sex, lawsuits, and millions down the drain: the secrets behind Aerodrome's value destruction
05.07.23
|
Tomer Ganon
A staggering 95% plunge in value merely scratches the surface of the tumultuous events that have unfolded at this UAV manufacturer in recent years. One instance involved an employee who, while providing training in Kazakhstan, violated security protocols by bringing a local woman to his hotel room, resulting in severe damage to the company's collaboration with Elbit
We'll always have Paris: Geopolitical shakeup means big business for Israel's defense sector
26.06.23
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Yuval Azulay
Israel Aerospace Industries, Rafael, Elbit and others showed out in full force in the Paris Air Show after a record year in which Israel exported a record $12.5 billion in defense products
Is Israel's hypersonic missile interceptor SkySonic a game changer?
15.06.23
|
CTech
SkySonic has yet to undergo its first flight tests and the timetables for the completion of the development are unclear. However, the first-ever such interceptor to be revealed is still generating plenty of intrigue
Israel’s Rafael reveals SkySonic, the first-ever hypersonic missile interceptor
14.06.23
|
Yuval Azulay
The Israeli state-owned defense contractor behind the Iron Dome and David's Sling air shields announced the development of the new system a week after Iran said it had produced its first such weapon
Israel defense exports reached record $12.5 billion last year, including a quarter to Arab partners
14.06.23
|
Reuters
The 2022 figures marked a 50% increase over the previous three years and a doubling in volume over the previous decade
"Our mission is to turn the State of Israel into an AI superpower"
22.05.23
|
Reuters
Defense Ministry director-general Eyal Zamir also revealed that steps to harness rapid AI evolutions include the formation of a dedicated organization for military robotics in the ministry, and a record-high budget for related research and development this year
Beam me up: Israel’s new laser system is a security game changer
30.04.23
|
Yuval Azulay
"Magen Or" (Iron Beam) is the next step up in Israel's self-defense: a laser system that can "cook" rockets, missiles or drones from afar, and at zero cost compared to the Iron Dome. It will be able to intercept rockets from Gaza even before they cross the border while Israeli citizens sleep soundly with no need to sound alarms
Elbit closing on $1 billion in deals in 2023 with latest contracts
02.03.23
|
CTech
"We are witnessing a trajectory of an increased demand for advanced artillery solutions from militaries around the world, including European countries and NATO members,” said Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems
Elbit reaches $450 million in deals in just two weeks
18.01.23
|
CTech
Since the start of the year, the defense giant has landed deals to supply advanced electro-optical systems, rockets for armed forces, as well as the operating and maintaining of simulation centers for the Israeli Air Force's F-16 fleet and the IDF's Armored Corps
“Chaos actually becomes the greatest threat in a crisis situation.”
25.08.22
|
CTech
Yoni Sherizen shares that wanting to detect threats quickly and empower the people nearby led him to co-founding Gabriel, where he is CEO
The Israeli company using satellite data to monitor international conflicts
30.06.22
|
Yafit Ovadia
“There’s a staggering amount of data out there; if you know what to do, you can turn yourself into a miniature intelligence powerhouse,” says Managing Director of The Intel Lab Itay Bar-Lev
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