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Cybersecurity firm Armis has acquired Israeli company Otorio for $120 million. This strategic purchase aims to enhance Armis's capabilities in the cybersecurity landscape, further solidifying its position in the market.
UBS has raised its price target for Riskified Ltd from $4.50 to $5.50 while maintaining a neutral rating. The Israel-based company specializes in eCommerce risk management through its Riskfield platform, which utilizes machine learning to enhance transaction security and improve customer experiences.
Enlight Renewable has received a Buy rating from Deutsche Bank, signaling positive market sentiment towards the company. This recommendation highlights the potential for growth and investment opportunities in the renewable energy sector.
The recent eFishery scandal raises concerns about the ability of VCs, including Temasek, to prevent future frauds. To mitigate risks, investors should involve local experts in due diligence, verify revenue through investigative audits, and establish whistleblower frameworks within portfolio firms.In other news, Israeli AI firm Alta has secured $7 million in seed funding to enhance its virtual agents, while Tencent's AI chatbot Yuanbao tops the charts in China's iOS App Store. Sea Group reports a 36.9% revenue increase for Q4 2024, reaching $4.95 billion.
Gong, an Israeli sales intelligence platform, has surpassed a $300 million annual revenue run rate, driven by the growing adoption of its AI-powered solutions. The company, which serves major enterprises including four Fortune 10 firms, is experiencing a revenue growth of 25%-30% annually, with a significant increase in seven-figure contracts. Since raising $250 million in 2021 at a $7.2 billion valuation, Gong has not sought additional investments, ensuring financial stability while expanding its operations.
Eric Gan has resigned as CEO of Cybereason amid boardroom conflicts and financial struggles, with the company facing severe funding issues and a potential bankruptcy risk. Once valued at $5 billion, Cybereason's worth has plummeted to between $300 million and $400 million, exacerbated by internal disputes and a lawsuit against major investors. Gan plans to take legal action against these investors, leaving the company's future uncertain as it attempts to merge with Trustwave.
Argentina's boneless beef exports reached 935,261 tons in 2024, marking a 10% increase and surpassing the 900,000-ton threshold for the first time in years. The country sold meat in 53 international markets, with key partners including China, the EU, Israel, and the USA. The government remains optimistic about the beef sector's role in driving economic growth through new market development and strengthened trade relations.
UBS has raised its price target on AST SpaceMobile to $38 from $31 while maintaining a Buy rating. The company is developing a global cellular broadband network in space, utilizing a constellation of low earth orbit satellites to provide high-speed services to users outside terrestrial coverage. Currently, it is testing the capabilities of its BlueWalker 3 satellite in collaboration with cellular service providers.
Deutsche Bank has raised its price target for AST SpaceMobile, Inc. to $64 from $53 while maintaining a Buy rating. The company is developing a global cellular broadband network in space, utilizing a constellation of low earth orbit satellites to provide high-speed services to users outside terrestrial coverage. Currently, it is testing the capabilities of its BlueWalker 3 satellite in collaboration with cellular service providers.
Israeli AI firm Alta has raised $7 million in seed funding to enhance sales and revenue operations through AI-powered virtual agents. Founded in 2023, the company’s agents, Katie and Luna, automate tasks like lead research and data analysis, integrating with over 50 tools, including CRM and ERP systems. With backing from Entrée Capital and Target Global, Alta plans to expand its offerings and deepen integration into enterprise sales and marketing systems.
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Armis acquires Israeli cybersecurity firm Otorio for 120 million dollars
02:45 07.03.2025
ubs raises riskified price target to five fifty maintains neutral rating
16:04 06.03.2025
Enlight Renewable receives buy rating from Deutsche Bank
10:41 06.03.2025
investors seek strategies to prevent future fraud scandals in startups
10:30 06.03.2025
Israeli sales platform Gong achieves 300 million dollar revenue run rate
06:00 06.03.2025
cybereason ceo resigns amid funding disputes and financial turmoil
03:37 06.03.2025
argentina beef exports surpass 900000 tons for first time in years
20:04 05.03.2025
ubs raises ast spacemobile price target to thirty eight maintains buy rating
16:14 05.03.2025
deutsche bank raises ast spacemobile price target to sixty four dollars
13:53 05.03.2025
Israeli AI firm Alta secures 7 million dollars in seed funding
04:10 05.03.2025
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