Who joined the Israeli unicorn club and which company is on its way to a NASDAQ IPO?

eToro joins Israeli unicorn club by tripling valuation in two years to reach $2.5 billion. The spike in valuation was confirmed following the recent purchase of shares in the secondary market by a U.S. institutional investor at a sum of at least $50 million. Read more  

Salt Security raises $30 million series B round led by Sequoia Capital. “We are on course to build a giant company, with our next milestone being to reach unicorn status in the next two or three years,” says CEO. Read more

E-commerce giant Global-e is on its way to a NASDAQ IPO. Company plans to raise an additional $300-$400 million, at a $1-$1.5 billion valuation; offering is planned for second quarter of 2021. Read more

Israeli startup Orca raises $55 million with goal to become global cloud security leader. The company aims to strengthen its position in the cloud security industry with its touchless and context-aware software for detecting malware and vulnerabilities and protecting assets on cloud platforms. Read more

Israel’s At-Bay raises $34 million for cyber insurance. “The significant raise we completed this year allows us to deepen our risk and security monitoring services,” says the company’s CRO. Read more

SeeTree completes $30 million series B to expand tree intelligence service. “Our vision is to enable the ‘Tree-Farming 4.0 Revolution’ with the Intelligence-per-Tree that we provide,” says CEO. Read more

Zurich Capital Funds Holding Group signs deal with Israel-based Levent for UAE banks. The deal, which will last five years, is set to total around $50 million. Read more

AppsFlyer: Dealing with Covid-19 ‘goes far beyond tools and technology'. Many companies had to build sudden remote workspaces and fix their digital infrastructure. For AppsFlyer, Covid-19 meant far more than that. Read more

Opinion | What are you rushing to Dubai for? Have you read the fine print? Some words of warning for Israelis seeking to do business in the UAE. Read more

Quantum SPARK completes first cohort with five graduating startups. Each startup launched Proof of Concepts with the program’s corporate partners. Read more

Sports Tech Nation Summit brings together global sports leaders to promote tech innovation. Former cyclist Lance Armstrong among more than 70 speakers participating in the three-day online event. Read more

Opinion | Shirbit's crisis is a reminder for organizations of the importance of transparency and honesty. "The rules of the game have changed dramatically over the past decade. This is a lesson learned by companies that tried to hide information, faults and unfit products,"

writes Meital Levi Tal. Read more 

Mind The Tech TLV | UBS has its eyes on Israeli tech says head of the bank’s AI Center of Excellence. Speaking at Calcalist’s Mind The Tech TLV, UBS’ Annika Schroeder talks about her unique position at the company. Watch full video

MTT TLV | Coronavirus has increased awareness for fiber optic-based internet,” says Partner CEO. The pandemic has raised the need for high-speed internet, says Israeli mobile phone company CEO during Calcalist’s MindTheTech Tel Aviv. Read more

MTT TLV | “Business owners realized that they must develop their online sales, otherwise they will become irrelevant.“ PayPal’s Efi Dahan said companies who didn’t make the transition to online shopping had a hard time surviving the Covid-19 era. Read more 

MTT TLV | After initial Covid-19 shock, video creation company Kaltura registers record year, says CEO. A surge in usage by education establishments and online events resulted in 100% growth for Kaltura in the second and third quarters. Read more