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Linx Security has appointed Sarit Reiner Frumkes as its new chief technology officer, effective March 24, 2025. With over 20 years in cybersecurity, including senior roles at Microsoft and Payoneer, she will oversee the company's technology strategy and product development. Founded in 2024, Linx Security specializes in identity security and has raised $33 million in funding, aiming to double its workforce by 2025.
Google's $32 billion acquisition of cybersecurity firm Wiz is expected to invigorate Israel's housing market, as bonuses for 1,800 employees may lead to increased spending. Despite a rise in apartment transactions in 2024, the market remains 6.4% below 2022 levels, influenced by rising interest rates and recent security concerns. Historical trends show a link between tech sector growth and real estate performance, with significant tax revenue increases during the tech boom of 2020-2021.
Elon Musk has launched a fierce campaign against U.S. judges following a federal ruling that his dismantling of USAID likely violated the Constitution. He has called for their impeachment, labeled them as "activist judges," and directed funds to support Republican lawmakers who share his views. Amid numerous legal challenges to his initiative, Musk's rhetoric mirrors that of Trump, escalating tensions between the judiciary and the administration.
Alphabet plans to acquire cybersecurity firm Wiz for $32 billion, with the deal expected to close in 2026, pending regulatory approval. Investment firm Insight Partners is projected to earn approximately $2.7 billion from the sale, reflecting a return of 15.5 times its initial investment, as it holds an estimated 8% stake in Wiz through various funds.
Google's acquisition of Israeli cybersecurity firm Wiz is set to significantly increase Israel's tax revenue. The deal, involving share sales, will see founders—each owning about 9.3%—receive around $3 billion, leading to an estimated $900 million tax liability per founder. Additionally, Israeli employees, holding roughly 10% of Wiz, will also face capital gains tax on their shares, valued at approximately $3.2 billion.
Oil prices increased on Thursday, driven by a strong demand outlook in the US and a weaker dollar. Brent crude rose to $71.21 a barrel, while US West Texas Intermediate climbed to $67.54, supported by a significant drawdown in distillate inventories and expectations of a Federal Reserve interest rate cut.Despite a rise in US crude inventories, analysts noted that the overall demand remains healthy, with global oil demand averaging 101.8 million barrels per day. Geopolitical tensions in the Middle East and potential ceasefire talks in Ukraine also contributed to market volatility.
Israeli neurotechnology firm Brain.space has secured $11 million in a Series A funding round led by Toyota Ventures, with additional support from Mangrove Capital Partners and The Group Ventures. The company also received a $3.5 million non-dilutive grant from the Israel Innovation Authority, bringing total funding to over $14 million. The funds will enhance data collection infrastructure, improve models, and accelerate commercialization efforts for technology that quantifies cognitive and emotional states in real time.
Alphabet is set to acquire Israeli startup Wiz for $32 billion, marking its largest deal to date, as it aims to enhance its cybersecurity offerings within the cloud computing sector. The acquisition, expected to close in 2026 pending regulatory approvals, will allow Wiz to continue serving clients across various cloud platforms, addressing potential antitrust concerns. Despite Alphabet's stock dip, analysts suggest the high price reflects Wiz's significant growth and the increasing demand for cybersecurity solutions.
SoftBank has achieved a remarkable return on its investment in Israeli cybersecurity firm Wiz, following Google's acquisition of the company for $32 billion. Having invested in Wiz just eight months prior, SoftBank has more than tripled its initial stake as Wiz, a key player in cloud security, serves nearly 45% of Fortune 100 companies. This acquisition marks the largest tech deal in Israel's history, highlighting the surging interest in cybersecurity amid increasing digital threats.
Alphabet is set to acquire cybersecurity firm Wiz for $32 billion, potentially making each of its four founders, Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, approximately $3.2 billion richer after taxes. This deal, if finalized, would significantly boost Israeli tax revenues.
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