New Startups / VC Funding
Israel’s Aura Air Named Entrepreneurial Company Of 2021 For Covid Killing Tech
Aura Air, an Israeli air purification tech startup, was named the 2021 Entrepreneurial Company of the Year by independent research and consulting firm Frost & Sullivan. Aura has supplied buses in the UK and Ireland with its new purification system which can clean the air of the Coronavirus. Four hundred former tourist buses in the countries have been refitted to be used for frontline workers.
Frost & Sullivan is an… Read More Here
Israeli Researchers Developed Revolutionary Way To Extract Electricity From Seaweed
Researchers from the Technion have developed a novel way for harvesting an electrical current straight from seaweed that is both ecologically friendly and efficient.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
The idea originated with doctoral student Yaniv Shlosberg while swimming at the beach. He knew that the combustion of fossil fuels produces greenhouse gases and other harmful chemicals, which have been linked to climate change. Pollution begins with the extraction and transportation of fossil fuels to centralized power plants and refineries throughout the world. These perplexing… Read More Here
Israeli Startup Omnistream Improves Smartphone Streaming
Omnistream is an Israeli startup that says it will make broadcasts – streaming – of videos from mobile devices much more efficient and have greater quality. Everybody watches all manner of videos on their smartphones and tablets that are available to stream, but have you ever thought about when you send out a feed yourself?
Everybody wants to be famous and hopes to go viral with one sort of video or another. Things have gotten… Read More Here
Mergers and Acquisitions
Southwest Gas Rejects Carl Icahn Takeover Bid
Carl Icahn has been rebuffed in his effort to acquire Southwest Gas. An affiliate of Carl Icahn’s extended its tender offer to acquire any and all outstanding common shares of the Company for $75.00 per share in cash. But, Southwest Gas’ Board of Directors rejected Icahn’s unsolicited, inadequate, structurally coercive, highly conditional and illusory tender offer. Accordingly, the Board continues to recommend that stockholders not tender any of their shares… Read More Here
IPOs and Unicorns
SundaySky Looks To $300 Million IPO
SundaySky, an Israeli startup that offers a platform for video optimization at scale, is planning to hold an initial public offering IPO on the Tel Aviv Stock Exchange TASE. According to a report in Calcalist, SundaySky hopes to come away from the IPO with a $300 Million valuation. The details of the IPO have yet to be revealed… Read More Here
Israeli Cybersecurity Startup Snyk Looks To $8.5 Billion IPO
Snyk, an Israeli cybersecurity startup in the field of cloud native application security, is planning its initial public offering (IPO), which is expected to come sometime in the middle of 2022. According to a report made by Bloomberg, Snyk could end up with a valuation higher than its current $8.5 billion one.
The news comes just a few months after Snyk hit that valuation in September with a $300 million Series E financing round. Snyk has raised a total of $950 million in less than two years. And that round came just six months after… Read More Here
Salt Security Hits Unicorn Status
Israeli cybersecurity startup Salt Security is raising $120-150 million. According to a report in Calcalist, the fund raise is being led by Google parent company Alphabet and will leave Salt Security with a $1.5 billion valuation, making it Israel’s latest unicorn.
Just this past May, Salt raised $70 million in a Series C round of funding. That raise gave the company a $500 million valuation. So if the new report… Read More Here
Other Business Stories
Intel Assigns 10 Israelis To Senior Global Executive Positions
Intel, which has a major presence in Israel for its research and development, has announced the appointment of 10 Israeli executives to senior management positions with the company around the world.
“The nominations are a source of pride for Israel,” said Intel Israel’s management. “Intel Corporation continues to promote the executives of Intel Israel to lead global strategic operations and engineering from Israel. The significant promotion of 10 Israelis to these organizational levels testifies to the great confidence and appreciation that Intel Corporation has for the human capital in Intel Israel. The new appointments are to key roles in Intel’s operations and… Read More Here
Daniel Birnbaum Former SodaStream CEO Indicted For Insider Trading
Daniel Birnbaum, the former CEO of SodaStream, and Ayala Cohen, a company employee, were indicted today in the Tel Aviv District Court (Economics) on charges of insider trading and perverting the course of justice, two years after the subject first came to light.
The matter was initially reported by “Globes,” after Cohen provided a banker with a different account of events… Read More Here
Jared Kushner Raises More Than $3 Billion
Jared Kushner is ready for his comeback. Hus financial comeback that it is. In case you were worried that he might be finished in the world of business and high finance, it seems that his new firm Affinity Partners has brought in more than $3 billion in new cash for investments.
Reuters broke the news, but there is still now word yet on who the investors are or where the money will go. When it was formed, Affinity Partners declares its intention to invest in Middle East projects. However, it seems to be somewhat of a cryptic firm as JBN could not even find a website for it. Jared hasn’t even posted anything on… Read More Here