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Quantum computing is gaining momentum, with startups like Quantum Machines securing significant funding, including $170 million in a recent Series C round. Meanwhile, notable deals include Blinkit raising $172 million and various acquisitions in the fintech sector across Asia. The region's digital economy is projected to reach $1 trillion by 2030, highlighting the growing investment potential in emerging sectors.
This week in startups saw a mix of positive and negative developments. Proxima Fusion gained credibility with plans for a reliable fusion power plant, while Y Combinator faced backlash after deleting posts about Optifye.ai, criticized as "sweatshops-as-a-service." Notable funding rounds included Quantum Machines' $170 million Series C and Shop Circle's $60 million Series B, highlighting significant investor interest in innovative technologies.
During his first Cabinet meeting, President Trump welcomed Elon Musk, co-chair of the 'department of government efficiency' (DOGE), who emphasized his role in cutting government spending. Musk's team faces backlash over a controversial email demanding federal staff report their weekly work, with threats of termination for non-compliance. Trump also confirmed Ukraine's President Zelenskyy's upcoming visit to sign a minerals deal but ruled out any security guarantees for Ukraine, stating NATO inclusion is off the table.
Vayu, a Tel Aviv-based revenue management platform, has secured $7 million in seed funding, co-led by Flint Capital and The Garage, with contributions from Fresh.Fund and other angel investors. The investment will enhance Vayu's no-code platform, designed to automate billing and provide real-time revenue insights for B2B companies managing complex hybrid pricing models. Founded by Erez Agmon, Shenhav Avidar, and Shai Gross, Vayu specializes in processing large-scale data to establish accurate billing rules.
Payoneer has appointed Barak Eilam, former CEO of Nice, as a new board director. Eilam, who led significant transformations at Nice, including a shift to cloud services, joins Payoneer as it navigates post-2021 tech bubble challenges and anticipates nearly $1 billion in annual revenue. The company's stock has surged 80% over the past year, reflecting improved performance in small-business payment processing.
A rally in Lausanne demanded the cessation of investments by UBS and the Swiss National Bank in Israeli arms manufacturer Elbit Systems, highlighting Switzerland's complicity in ongoing violence against Palestinians. Protesters condemned the banks for profiting from war and called for an end to military collaboration with Israel, citing the humanitarian crisis in Gaza and the significant investments made by Swiss financial institutions in companies linked to war crimes. The event was marked by confrontations with pro-Israel groups, underscoring the tensions surrounding the issue.
Israeli cybersecurity firm Skybox Security has shut down, resulting in the layoff of approximately 300 employees, including 100 in Israel and 200 in the U.S. CEO Mordecai Rosen announced the closure on February 24, stating that employees would not receive final salaries and should seek assistance from the National Insurance Institute. The company is entering liquidation while simultaneously selling its business and technology to Tufin.
SolarEdge Technologies, Inc. specializes in inverter solutions for photovoltaic systems, offering a range of products including power optimizers, inverters, energy storage, and monitoring software. Their technology features module-level maximum power point tracking, optimizing the performance of individual PV modules through a cohesive system of DC optimizers, inverters, and cloud-based monitoring.
UBS has raised its price target on Wix.com to $255 from $250 while maintaining a Buy rating. Wix.com, based in Israel, offers a website building platform that allows businesses to establish their online presence, incorporating features like e-commerce, reservations, and appointment scheduling. The company provides both front-end solutions and a back-end management dashboard, with specialized software applications for various industries, enabling users to set up websites without coding.
UBS has raised its price target for SolarEdge from $18 to $22, reflecting a positive outlook for the company. This adjustment highlights the growing confidence in SolarEdge's market position and potential for future growth.
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quantum computing startups secure significant funding amid growing investment interest
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fusion hype and yc controversy dominate startup funding landscape this week
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04:25 27.02.2025
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SolarEdge price target increased to 22 dollars by UBS
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