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Sophie Shulman

20 stories about Sophie Shulman
חדר נקי ב מפעל אינטל ב קריית גת

"Intel can no longer afford to build a production line without knowing in advance who its customers will be"

13.06.24|Sophie Shulman
The freeze on construction at the Kiryat Gat Intel plant is a severe blow to Israel, potentially creating ripples throughout the industry. This situation arises from internal troubles within the faltering company, which is hesitant to open a new plant without having customers, especially since subsidies abroad are much higher.
מפעל שבבים אינטל קרית גת

Intel halts construction of new $25 billion factory in Israel

10.06.24|Sophie Shulman
Intel's suppliers received notice of the cancellation of contracts for the supply of equipment and materials required for the establishment of the company's new factory over recent days. The Ministry of Finance was aware of the company's decision to halt the establishment of the plant. 
מטה סאפ SAP ולדורף גרמניה

Employee concerns, investor pressure, and security woes: WalkMe's exit is no celebration

06.06.24|Sophie Shulman
The enterprise digitization solutions company is being acquired by the German giant SAP for $1.5 billion, far below its 2021 IPO value. After the completion of the transaction, it is uncertain if SAP will maintain WalkMe's inflated workforce of 1,000 employees
חיילי מילואים בחזית

"Israel is becoming a pariah state, a hated country, and it’s trickling down to high-tech"

06.06.24|Sophie Shulman
High-tech executives point to the depth of the crisis in the industry: from the more extensive recruitment of employees from abroad at the expense of workers in Israel to the difficulty of raising money due to criticism of Israel.
נציגי ווקמי במעמד פתיחת המסחר במניה אתמול בנאסד"ק

SAP acquiring digital adoption platform WalkMe for $1.5 billion

05.06.24|Sophie Shulman
The Israeli company was valued at less than $880 million on Tuesday, meaning the offer of $14 per share represents a 45% premium 
מייסדי פאגאיה מימין אביטל פרדו יהב יולזרי ו גל קרובינר - חדש

Fintech company Pagaya cutting around 20% of workforce in second round of layoffs

05.06.24|Sophie Shulman
The Nasdaq-traded firm is laying off 100 employees in total and is continuing to reduce its presence in Israel
ינאי עופרן

Biolojic Design lands drug discovery collaboration with Merck potentially worth up to 346 million euros

03.06.24|Sophie Shulman
The partnership will leverage Biolojic Design’s AI-driven discovery platform to design therapeutic antibodies for the treatment of cancer and immunological disorders. 
אמנון שעשוע מ מייסדי מובילאיי ו

OrCam cuts almost half of workforce in second round of layoffs in four months

03.06.24|Sophie Shulman
Amnon Shashua’s startup is laying off 100 employees, primarily in marketing and sales, four months after cutting 50 jobs  
מימין נועם ארקינד ו קובי מרנקו מייסדי ארבה

After falling 86% from its peak, Arbe is coming to Tel Aviv in search of fresh funding

03.06.24|Sophie Shulman
The chip developer for the autonomous vehicle industry was listed on Nasdaq three years ago at a valuation of half a billion dollars. Since then, it has burned through $100 million and emptied its coffers. The solution? Raising debt in Tel Aviv.
חיילים חיילי מילואים בגולן

Tech leaders to Netanyahu: Recruitment inequality could spark mass job migration

30.05.24|Sophie Shulman
"A law that exempts ultra-Orthodox from enlistment and burdens reserve soldiers with dozens of days a year will cause serious damage to human capital in high-tech and harm the economy's growth, which high-tech drives," the letter reads
תערוכת ויוה טק פריז

VivaTech exhibition shows that the threat to Israeli tech will not come from France

27.05.24|Sophie Shulman, Irit Avisar
Israel’s Business Delegation led by Calcalist and Bank Hapoalim toured the high-tech exhibition VivaTech in Paris, which is seeking to overtake Berlin as Europe’s main tech center. Much emphasis was placed on sustainability and fashion, artificial intelligence, but very little cyber - a relief for Israeli tech 
מייסדי Orca AI ירדן גרוס ו דור רביב

Orca AI raises $23 million for autonomous shipping platform

27.05.24|Sophie Shulman
The Israeli startup's system, already installed on ships operated by major companies including MSC and Maersk, reduces the number of marine accidents, optimizes sailing, and thus reduces fuel consumption and air pollution
כנס פריז - שולחן מיקרוסופט

"The main question for every startup is does it know how to leverage AI technology"

27.05.24|Sophie Shulman
At a round table on the AI ​​revolution, held as part of the business delegation to Paris, Erez Shachar, Managing Partner at Qumra Capital, estimated: "The medical field will be the fastest beneficiary of the adoption of AI capabilities." Israel Country General Manager at Microsoft, Alon Haimovich: "Through AI we enable each person to achieve more, and today we do this with the help of CoPilot, which is already implemented in almost all Microsoft technology" 
כנס פריז ראובן קרופיק יו"ר בנק הפועלים

Bank Hapoalim Chairman: "Israel stands at a crossroads"

26.05.24|Sophie Shulman
"Those who look at the short term may think that this is an existential crossroads," Bank Hapoalim Chairman Reuven Krupik said in Paris as part of Israel’s Business Delegation led by Calcalist and Bank Hapoalim, "but those who examine the events from a long-term historical perspective know that we have already faced challenges in the past."
פנים בינה מלאכותית

Israel’s AI hopes high, but investment and talent shortages persist

21.05.24|Sophie Shulman
In 2023, half of the investments in startups, both in terms of capital and the number of rounds, were in AI companies, with investments in generative AI startups jumping by 85% between 2020 and 2023. However, this seemingly positive trend is overshadowed when compared globally. Between 2020 and 2023, the volume of investments in AI in the U.S. increased tenfold, and in Europe, it quadrupled
סייברארק קונה את Venafi

CyberArk makes bold move with $1.54 billion acquisition of Venafi

20.05.24|Sophie Shulman
The Israeli company is purchasing the machine identity management company from Thoma Bravo as it looks to combine Venafi’s expertise with its identity security capabilities 
מטה וויקס Wix תל אביב

Wix increases profit, upgrades forecast for 2024

20.05.24|Sophie Shulman
Wix's revenues in the first quarter amounted to $419.8 million, while GAAP net income reached $24 million
ברק עילם מנכ"ל נייס

Why did NICE shares drop 13% after the CEO announced his retirement?

19.05.24|Sophie Shulman
The main concern of NICE investors is that Eilam is retiring at its peak. GenAI is expected to have critical consequences specifically for the world of marketing, sales, and customer relationship management, presenting a formidable challenge for the next CEO 
ברק עילם מנכ"ל נייס

NICE CEO Barak Eilam to step down after 10 years

16.05.24|Sophie Shulman
Eilam will remain in his position as CEO until the end of the year and will actively participate in the search for his replacement
הארי נליס שותף בקרן אקסל

Accel raises new $650 million fund to invest in Israeli and European startups

14.05.24|Sophie Shulman
The VC giant has invested to date in over 30 Israeli startups, including Melio, Snyk, and Fiverr in the past, and Cyera and Oasis since the start of the war 
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