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Sam Altman-backed Apex Security in advanced talks to be acquired by Varonis for up to $40M
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"Everyone will be a manager" - what the world of work will look like with AI agents
3
Facial recognition firm Oosto, formerly AnyVision, sold for $125M after raising $352M
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What went wrong at AnyVision? Lessons from a $352M flameout
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"Wiz is the world's fastest-growing cyber company and together we can build the largest security company to come out of Israel"
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Sophie Shulman

20 stories about Sophie Shulman
מוסף שבועי 22.2.24 היזמית מיכל צור

"Until there is unity and equality here, Israel has no chance"

22.02.24|Sophie Shulman
At night, serial entrepreneur Michal Tsur doesn’t sleep, worrying about her son fighting in the army. During the day, she is busy with her third startup, Remepy, and dreaming of a new country - the same country for which she took to the streets as one of the leaders of last year’s protest against the judicial reform
מימין נשיא פאלו אלטו ניקש ארורה ו ניר צוק מייסד ו מנהל טכנולוגיות פאלו אלטו

Palo Alto Networks loses over $30 billion in market cap, sends shockwaves throughout cyber market

21.02.24|Sophie Shulman
The cybersecurity giant’s biggest one-day share drop came after the company said that softer client spending and steep promotions forced it to cut its annual billings forecast and that it plans to offer up to six months of free services to customers who are switching to its one-stop-shop platform
מפגש עיתונאים ראשון עם נשיא ומנכל חברת טבע ריצ'רד פרנסיס

Teva CEO: "The company played not to lose, now we’ll play to win"

21.02.24|Sophie Shulman
Richard Francis' decision to focus on innovative drugs has boosted the stock by 40% since he took office. However, the high debt is still burdensome and the realization of the potential depends on the success of developments that are still in the laboratory
צוות אייבקס IBEX

“Israeli tech will export the innovations created as a result of the war and that will be a game-changer”

21.02.24|Sophie Shulman
“The current situation in Israel is the best in the 12 years I have been working here,” added Justin Borus, Founder and Chief Investment Officer of Ibex Investors, which announced a new $106 million fund to invest in Israeli startups
מטה פאלו אלטו סנטה קלרה קליפורניה

Palo Alto Networks shares plunge following reduced 2024 forecast

21.02.24|Sophie Shulman
The cyber powerhouse forecast third-quarter billings between $2.30 billion and $2.35 billion, compared with analysts' average estimate of $2.62 billion. Revenue for the quarter that ended on January 31 grew about 19% to $1.98 billion, compared with estimates of $1.97 billion
מטה וויקס Wix תל אביב

Wix registers first full year net profit, forecasts acceleration in “profitable growth in 2024”

21.02.24|Sophie Shulman
The software company ended 2023 with revenues of $1.56 billion, a 13% growth compared to 2022. GAAP net income amounted to $33.1 million
Shelly Hod Moyal and Mor Assia Co CEOs and founding partners at iAngles

Mor Assia and Shelly Hod Moyal raise $70 million for second iAngels fund

19.02.24|Sophie Shulman
The fund will invest in early-stage startups, with investments ranging between $2-4 million for Seed rounds
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
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