Discount Investment in talks to sell Elron to foreign VC fund
Elron, which invests in early stage Israeli medical devices, cybersecurity and software companies, has a company valuation of $90 million.
Source: globes.co.il
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Fortissimo outbids Aaron Frenkel for control of Cellcom
Fortissimo has signed an MOU with Discount Investment to buy its 35.6% stake in telco Cellcom at a company valuation of NIS 2.6 billion.
Source: globes.co.il
Global tech coalition launches initiative to support Israeli tech crisis
The group is the latest addition to a series of collaborative efforts within the tech industry since October 7 aiming to keep Israeli tech afloat as war with Hamas continues.
Source: jpost.com
Israeli cohort rushes in advanced medical equipment to front lines
The equipment will ensure the preservation of as many lives as possible as the conflict in Gaza rages on.
Source: jpost.com
Israel High Tech Scene September 23 – September 29
Palo Alto Networks Looks to Acquire Dig Security for $400 Million
Source: jewishbusinessnews.com