In a remarkable display of growth and innovation, cybersecurity firm CyberArk has revealed impressive financial results for the second quarter of 2023. The company's revenue rose by 24% to $175.8 million in the second quarter, beating expectations. As a result of the...
In a significant move that highlights the growing importance of cybersecurity in the age of remote work and cloud computing, Israeli cybersecurity company Check Point (NASDAQ: CHKP) has announced the acquisition of Israeli start-up Perimeter 81 for $490 million. This...
In response to escalating global tensions, Israeli defense companies Rafael and the Israel Aerospace Industries (IAI) are poised to expand their production lines for air defense systems. These expansions come as a result of significant deals struck with Germany and...
Amazon Web Services (AWS) has made a significant move in Israel's cloud computing industry by launching its cloud infrastructure. The company has set up three local server farms, marking a shift from its previous reliance on server farms abroad. This development...
Electreon, an Israeli company that specialises in wireless charging technology for electric vehicles (EV), has won the French Prime Minister's Office's tender for the Charge As You Drive project. The firm has been given NIS 14 million to carry out the work. Although...
Electreon (TLV: ELWS), a leading Israeli company in wireless charging technology for electric vehicles, has secured a significant contract with the Transportation Authority of the Trondlag County in Norway. The company's stock has soared by 162% since the beginning of...
Bank Hapoalim (TASE: POLI), has announced its financial results for the first quarter, revealing a remarkable profit of NIS 2.01 billion. The bank's exceptional performance can be attributed to a significant surge in interest income, which witnessed a substantial 49%...
IBM has acquired Israeli cyber startup Polar Security, which specialises in cloud data protection management, for $60 million in a strategic move to enhance its cybersecurity capabilities. This acquisition signifies IBM's commitment to strengthening its position in...
Mobileye has announced a new strategic partnership with Porsche to integrate its advanced system for active driving assistance (ADAS), known as SuperVision, into future Porsche models. The new system will feature semi-autonomous functions such as automatic driving...
Mobileye, an automotive technology company, reported a 16% increase in revenue compared to the same time period in the previous year. In spite of this, the company has lowered its forecast for 2023 as a result of escalating economic challenges in the market and a...