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AI won’t replace developers—but it will change who gets hired
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Sophie Shulman

20 stories about Sophie Shulman
שלומי בן חיים

JFrog hits $5 billion market cap for the first time since 2021 on back of promising 2024 outlook

15.02.24|Sophie Shulman
The software company registered revenues of $350 million in 2023, growing at a rate of 28%. It is forecasting a 22% growth rate this year
מטה טאואר סמיקונדקטור במגדל העמק

Tower shutting down one Israeli chip factory, pegs hopes on Indian market

15.02.24|Sophie Shulman
CEO Russell Ellwanger said all of the employees from Fab 1 in Migdal Ha’Emek will receive offers to either work in Fab 2 or one of the factories abroad. "There's no point in keeping a factory alive if it's operating at a loss," said Ellwanger. "I've never been more bullish on Tower's future"
נפתלי בנט ו מיכל צור

Naftali Bennett and Michal Tsur unite at Remepy: Former PM joins Board for hybrid drug endeavor

14.02.24|Sophie Shulman
This is the third high-tech board Bennett has joined since he left politics, previously joining AI cyber company Lasoo and quantum computing startup Quantum Source. Tsur and Bennett founded Cyota in 1999 together with Ben Enosh and Lior Golan and sold it to RSA Security in 2005 for $145 million
גדי מזור מנכ"ל BioCatch

Australian investment giant Macquarie acquires $32 million-worth of BioCatch shares

12.02.24|Sophie Shulman
The Israeli unicorn completed its third secondary deal in less than a year, with Sapphire Ventures and Permira Growth Opportunities purchasing $70 million and $40 million in shares, respectively, last year
ערן זינמן ו רועי מן מייסדי מאנדיי

Monday.com eyeing acquisitions, 600 new employees, despite underwhelming 2024 outlook

12.02.24|Sophie Shulman
The enterprise software company beat forecasts for 2023 with $729.7 million in revenue and 41% growth, but its outlook for 2024 disappointed investors
אודי מוקדי, מנכ"ל, יו"ר ומייסד חברת CyberArk

CyberArk reaches record $10 billion market cap on back of identity security boom

08.02.24|Sophie Shulman
The veteran cybersecurity company predicts that in 2024 it will come close to the $1 billion revenue threshold, reflecting an annual growth rate of 22%-24%, similar to its growth in 2023
גיל שויד מנכל צק פוינט

Big shoes to fill: Check Point's Gil Shwed will cast giant shadow over successor

08.02.24|Sophie Shulman
The retirement of the founder of the cyber giant from the position of CEO after 31 years poses a significant challenge to his successor. On the one hand, the company is at its peak from a business standpoint. However, it needs a vision to move to another level and Shwed, who will be appointed as Executive Chairman, is not going anywhere
מימין ניר צוק מייסד פאלו אלטו ומייסד צ'ק פוינט גיל שוויד

What if Shwed had managed Check Point more like Zuk's Palo Alto Networks?

07.02.24|Sophie Shulman
“If there is something that the investors are signaling to Shwed and whoever will replace him in the position, it is that in the long term they still prefer phenomenal growth and bold moves, provided they succeed, of course, over conservatism that sanctifies profitability”
אופן ספייס אלנבי חלל עבודה משרד סטארט אפ

Are emergency grants for startups merely postponing their inevitable end?

07.02.24|Sophie Shulman
The Israel Innovation Authority established an emergency grant program after the outbreak of the war with the aim of extending the runway for startups, but the money often arrives too late
אדם נוימן לשעבר מנכ"ל wework 2018

Adam Neumann wants to buy back WeWork

06.02.24|Sophie Shulman
Neumann's new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat
גיל שויד יו"ר מנכ”ל ומייסד צ’ק פוינט

Gil Shwed: "This is the perfect time to step down. We have peaked on all levels"

06.02.24|Sophie Shulman
After 30 years at the helm of Check Point, Shwed announced on Tuesday that he will be leaving the role of CEO. “I was 24-years-old when we started the company, and now, especially after the last quarter, the timing is perfect,” noted Shwed
מוסף שבועי 21.3.19 ד.נ.א גיל שוויד

Gil Shwed stepping down as Check Point CEO after 30 years

06.02.24|Sophie Shulman
“I feel it is the right time for me to focus on the evolution of Check Point and its next stage. I intend to transition into the role of Executive Chairman charting the future of Check Point and the cyber security market,” said Shwed after the company announced that it ended 2023 with revenues of $2.4 billion, a 4% increase from 2022, and a net profit of $997 million
מימין סונדאר פיצ'אי סאטיה נאדלה

Big Tech continues to soar as GenAI convinces Wall Street to reject overpricing predictions

05.02.24|Sophie Shulman
Around 80% of the S&P 500 who have reported their earnings for Q4 of 2023 have exceeded expectations. Notably, reports from major companies such as Meta, Microsoft, and Amazon, which make up a significant portion of the index's growth, indicate a profound impact from the use of Generative AI
Generative AI Chip

Mapping Israel's GenAI security pioneers

01.02.24|Sophie Shulman
It is estimated that in the past year there were between eight and ten Seed rounds for Israeli AI security companies, averaging $5-6 million
רכב אוטונומי מובילאיי Mobileye ירושלים

Despite 2024 worries, Mobileye's Q4 success points to resilient future

25.01.24|Sophie Shulman
In the fourth quarter of 2023, revenues grew by 13% compared to the corresponding quarter, reaching $637 million. However the company anticipates a 50% drop in revenues to $230 million in Q1 of 2024 due to the supply glut in the market for driver-assistance chips
חנות דיוטי פרי ג'יימס ריצ'רדסון ב שדה ה תעופה בן גוריון

James Richardson exits Duty Free market, turns focus to tech investments

23.01.24|Sophie Shulman
The German Heinemann Group bought another half of the shares of the company that operates the cosmetics, perfumes and drinks store in Israel's international airport and became its sole owner. James Richardson will increase its focus on investing in Israeli high-tech and consulting startups
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר

Pagaya relocating HQ from Israel to NYC, reverse splitting shares, in hope of attracting US institutional investors

16.01.24|Sophie Shulman
In a report titled “Strategic Actions to Enhance Marketability of its Stock” the Nasdaq-listed company detailed its plans to relocate from Israel, file on U.S. domestic issuer forms with the SEC, and reverse split its stock, consolidating shares at a range between 1-for-10 to 1-for-15
כנס TechTLV - עמית קריג סגן נשיא בכיר ומנהל מרכז הפיתוח בישראל Nvidia

Nvidia SVP software: "Without Israeli entrepreneurship we would not have reached where we are as a company"

16.01.24|Sophie Shulman
Amit Krig, SVP software and NIC Product line at Nvidia and the head of its Israeli site, explained that the chip giant's commitment to Israel stems from the people: "Mellanox's systems sit deep within the infrastructure that makes ChatGPT possible"
סטיב מנוצ'ין

Steve Mnuchin: “We're looking at some very large significant investment opportunities in Israel”

15.01.24|Sophie Shulman
Despite the ongoing war, the former U.S. Secretary of the Treasury, who visited Israel last week, remains optimistic regarding the outlook of the local economy and its high-tech sector
תל אביב מגדלים

Unreported funding rounds propel Israeli high-tech investment to almost $10 billion in 2023

15.01.24|Sophie Shulman
According to a report by Startup Nation Central, the expectations for M&As and IPOs in 2024 are encouraging, and the leading sectors - AI, cybersecurity, and defense technologies - are expected to continue the upward trend
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