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Four months after Intel shut it down, Ignite relaunches as an independent accelerator

Israel launches its first domestically built quantum computer

Boomi acquires Israeli data management startup Rivery in $100M deal

Spyware startup Paragon acquired for up to $900M by investment firm AE

“I foresee one of the best decades in the history of the State of Israel”

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Wix

20 stories about Wix

Wix returns to $10 billion valuation amid strong revenue growth

20.11.24|Sophie Shulman

Bookings rise 15% as the company accelerates its path to $2 billion in annual revenue.

ניר זוהר יו"ר וויקס WIX גיליון ראש השנה 2024

“I'd like Wix to become a $100 billion company”

07.10.24|Diana Bahur-Nir

Nir Zohar, President of Wix, which is traded at a valuation of over $8.5 billion, is optimistic the company is well-positioned to increase its profitability. He takes pride in its Israeli identity, is unafraid to express a clear stance on the fight for democracy, and has an optimistic outlook even after the events of October 7.

Wix surprises with consistent double-digit growth, boosts annual forecast

07.08.24|Sophie Shulman

The Israeli website-building company continues to demonstrate a double-digit growth rate, with the fastest-growing segment being revenue from business partners who create websites for their clients. Wix more than doubled its operating profit in the second quarter, and revenues increased by 12%.

Wix VP: “With AI you can get the same visual content that the big guys are getting.”

03.07.24|James Spiro

Oren Inditzky, VP and GM of Online Stores at Wix, spoke to CTech about the democratization of sales in the AI age

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

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

מימין ניר זוהר מיכה קאופמן שי וינינגר שלומי בן חיים

Israeli software companies thrive amidst macroeconomic transformation

06.08.23|Sophie Shulman

Growth and cash reserves bolstered the bottom line in the financial reports of Wix, Fiverr, JFrog, and even Lemonade

Wix’s quick fix: Website builder increases full year growth outlook after cutting 18% of workforce

17.05.23|Sophie Shulman

Wix reported a 10% growth in first quarter revenues to $374 million and now expects to end the year with 10-11% revenue growth, compared to 9% in its previous outlook

The Wix fix: “We began implementing further cost efficiency measures; reduced headcount by 15%"

22.02.23|Sophie Shulman

Wix laid off around 370 employees last week, most of them in support centers in the US. On top of the $150 million cost reduction plan announced in August 2022, the company is implementing an incremental $50 million of cost savings in 2023

Wix cuts another 370 jobs in second round of layoffs in six months

15.02.23|Sophie Shulman

The website building company will part with over 6% of its workforce, with most of the layoffs being made in the customer care department

Wix announces $150 million cost-cutting plan as bragging backfires

11.08.22|Sophie Shulman

Just three months ago the company's CEO boasted on social media that the only cuts he will be making will be in the brand of alcohol at the company, but this week it already announced the laying off of 100 employees

The hits keep coming: Plummeting tech giants turn focus to profitability and streamlining in turbulent times

19.05.22|Sophie Sulman

Following the collapse in technology stocks, the Israeli representatives on Wall Street changed their tone and began to talk about profitability and efficiency instead of glorifying growth

“Globalization is a very big question, and localization is an even bigger question”

01.05.22|James Spiro

Amit Sagiv, Co-Head of Wix Payments at Wix, shares how the company can accommodate the needs of billions around the world

“DevOps is a culture, it's not a job description”

20.03.22|James Spiro

Aviran Mordo, Wix’s VP of Engineering, talks about the dev-centric culture it fosters for its 1,200 engineers

Russia-Ukraine conflict presenting Israeli tech with real-world challenges

27.02.22|Sophie Shulman

While the world’s eyes are glued to the news, Israeli high-tech companies with centers in the Ukraine attempt to move hundreds of their workers out of the country

ניר זוהר מיכה קאופמן תום ליבנה רוני זהבי עדי הורוביץ אבי שניר

Filling the Israeli tech talent pool

04.10.21|Daniel Farber-Ball

Tech recruitment has become a nationwide concern, so how do the heads of Wix, Fiverr, and other top companies face the challenge?

Tasq.ai raises $4 million in Seed led by former Wix exec

30.09.21|James Spiro

The Israeli startup’s AI development platform will “completely upend the way AI is built,” promises CEO

“Get out of your comfort zone and go for it”

24.07.21|Daniel Farber-Ball

Oren Rubin, who founded test automation app company Testim after working at both Wix and Applitools, believes the recent wave of IPOs will allow employees to pursue new ventures more easily

PropTech startup Bllink raises $1.6 million led by Wix executives

07.07.21|James Spiro

The Israeli startup’s platform allows buildings and their committees to manage and execute all building payments digitally and automatically

Wix acquires Rise.ai to expand its e-commerce activities

05.05.21|James Spiro

Rise.ai has had partnerships with Facebook and Google to help provide companies with online gift card solutions