Digging

DESPITE IMMEDIATE CHALLENGES TO ISRAEL'S TECH SECTOR AFTER OCTOBER 7TH, NEW REPORT SHOWS RESILIENCE IN PRIVATE INVESTMENT ROUNDS, M&A DEALS & NEW FUNDS

Retrieved on: 
Tuesday, April 2, 2024

Private investment rounds: There were 220 private investment rounds announced since October 7th with an estimated $3.1 billion raised.

Key Points: 
  • Private investment rounds: There were 220 private investment rounds announced since October 7th with an estimated $3.1 billion raised.
  • The most notable investment was in Next Insurance which saw two foreign VCs invest $265 million.
  • The leading sectors in the number of rounds were health tech (47), enterprise software solutions (42) and security technologies (39).
  • New Funds: Since October 7th, over 20 new funds were established raising a total of $1.7 billion.

Team8 Raises $500M in New Funds for Building and Investing in Cyber, Data Infrastructure, AI, Fintech, and Digital Health Startups

Retrieved on: 
Tuesday, March 5, 2024

Since launching in 2014, the Team8 model has innovated and extended the traditional venture capital approach by taking a more aligned and operationally intensive approach to investing.

Key Points: 
  • Since launching in 2014, the Team8 model has innovated and extended the traditional venture capital approach by taking a more aligned and operationally intensive approach to investing.
  • In addition, it has expanded its focus beyond its original scope of cybersecurity to encompass fintech, data infrastructure, AI, and digital health.
  • These funds will fuel the creation and growth of over 30 startups in areas critical to technological advancement and societal progress.
  • In addition, Team8 also raised approximately $85 million more in follow-on funds, doubling down on Team8’s most successful companies on an ongoing basis.

Palo Alto Networks Completes Acquisition of Dig Security

Retrieved on: 
Tuesday, December 5, 2023

SANTA CLARA, Calif., Dec. 5, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced it has completed its acquisition of Dig Security, an innovative provider of Data Security Posture Management (DSPM). The large volumes of data stored in the cloud require data security solutions that are purpose-built to handle the complexities of cloud environments. Dig's cutting-edge capabilities, seamlessly integrated into Palo Alto Networks Prisma® Cloud platform, will provide organizations with near-real-time data protection across the entire cloud estate.

Key Points: 
  • SANTA CLARA, Calif., Dec. 5, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced it has completed its acquisition of Dig Security, an innovative provider of Data Security Posture Management (DSPM).
  • Dig's cutting-edge capabilities, seamlessly integrated into Palo Alto Networks Prisma® Cloud platform, will provide organizations with near-real-time data protection across the entire cloud estate.
  • "We are thrilled to welcome Dig to Palo Alto Networks," said Nikesh Arora, chairman and CEO, Palo Alto Networks.
  • Palo Alto Networks Prisma Cloud is the industry's most complete cloud-native application protection platform (CNAPP), revolutionizing how organizations protect their multicloud environments.

Israeli Tech Deli Delivers - NO MATTER WHAT: Investments Reach One Billion USD, M&A Activity Also Reaches One Billion USD, and Early Launch of Nvidia's Israel-1 Supercomputer

Retrieved on: 
Monday, November 27, 2023

Despite ongoing challenges, Israel's tech ecosystem remains resilient and continues to present investment and M&A opportunities.

Key Points: 
  • Despite ongoing challenges, Israel's tech ecosystem remains resilient and continues to present investment and M&A opportunities.
  • The cybersecurity and health tech sectors are maintaining substantial activity, emphasizing the resilience and growth potential of these verticals.
  • In the past month, we've seen over $1.5B of exits and many new investments in Israeli startups, indicating investors' trust.
  • This interconnectedness not only fosters local opportunities but also positions Israeli startups for global expansion, leveraging relationships with international corporations and investors.

Palo Alto Networks® Announces Intent to Acquire Cloud Security Start-up Dig Security

Retrieved on: 
Tuesday, October 31, 2023

SANTA CLARA, Calif., Oct. 31, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced that it has entered into a definitive agreement to acquire cloud security start-up Dig Security, an innovative provider of Data Security Posture Management (DSPM).

Key Points: 
  • SANTA CLARA, Calif., Oct. 31, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced that it has entered into a definitive agreement to acquire cloud security start-up Dig Security, an innovative provider of Data Security Posture Management (DSPM).
  • They will continue leading their teams in joining the Prisma Cloud team at Palo Alto Networks after closing.
  • Dig's highly innovative DSPM technology helps safely enable this shift, and its dedicated team will complement and help advance Palo Alto Networks' strengths across cloud security.
  • Ankur Shah, SVP Products, Prisma Cloud for Palo Alto Networks:
    "Data protection was the top priority for cloud security cited in the 2023 The State of Cloud-Native Security Report .

Cohesity Forms Industry’s Largest Alliance of DSPM Vendors To Reduce Customer Risks of Cloud Transformation and Data Democratization

Retrieved on: 
Tuesday, October 3, 2023

Because of this, data security, cyber recovery, and compliance are at risk, as evidenced by 82%† of breaches involving data stored in the cloud.

Key Points: 
  • Because of this, data security, cyber recovery, and compliance are at risk, as evidenced by 82%† of breaches involving data stored in the cloud.
  • The need for DSPM capabilities, coupled with modern data security and management services, has never been greater.
  • With these partnerships, Cohesity expects to integrate with the broadest and most comprehensive selection of DSPM solutions in the industry.
  • Cohesity is working to solve this issue by partnering with the leading DSPM vendors and members of the Cohesity Data Security Alliance.

CrowdStrike Launches Startup Accelerator with AWS to Support Next Generation of Cloud-Native Cybersecurity Companies

Retrieved on: 
Wednesday, September 27, 2023

CrowdStrike (NASDAQ: CRWD) announced the launch of an equity free Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for EMEA-based startups.

Key Points: 
  • CrowdStrike (NASDAQ: CRWD) announced the launch of an equity free Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for EMEA-based startups.
  • Created to foster and fuel cybersecurity’s next market-defining disruptors, the new AWS & CrowdStrike Cybersecurity Startup Accelerator cohort, will offer customized mentorship, technical expertise and partnership opportunities, as part of AWS Startup Loft Accelerator (SLA) program.
  • High-potential early-stage cybersecurity companies could also get funding from CrowdStrike’s strategic investment vehicle, the CrowdStrike Falcon Fund .
  • Applications for the AWS & CrowdStrike Cybersecurity Accelerator is open from September 27 to October 31, 2023.

Lowey Dannenberg Notifies UiPath Inc. (“UiPath” or the “Company”) (NYSE: PATH) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $300,000 in Losses to Contact the Firm

Retrieved on: 
Friday, September 22, 2023

NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Dig UiPath Inc. (“UiPath” or the “Company”) (NYSE: PATH) for violations of the federal securities laws on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired UiPath securities between April 21, 2021 and March 30, 2022, both dates inclusive (the “Class Period”).

Key Points: 
  • NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Dig UiPath Inc. (“UiPath” or the “Company”) (NYSE: PATH) for violations of the federal securities laws on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired UiPath securities between April 21, 2021 and March 30, 2022, both dates inclusive (the “Class Period”).
  • When investors learned the truth, UiPath’s common stock declined precipitously, injuring investors.
  • If you suffered a loss of more than $300,000 in UiPath’s securities, and wish to participate, or learn more, click here , or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).
  • Any investor who wishes to serve as Lead Plaintiff must act before November 6, 2023.

Komprise Introduces Storage Insights to Unify Data and Storage Management

Retrieved on: 
Thursday, September 21, 2023

Storage costs are continuing to grow unchecked; 73% of organizations are spending more than 30% of their IT budget on data storage and backups, according to a recent Komprise survey .

Key Points: 
  • Storage costs are continuing to grow unchecked; 73% of organizations are spending more than 30% of their IT budget on data storage and backups, according to a recent Komprise survey .
  • With Storage Insights, Komprise customers can view new storage metrics, such as free and used space across vendors or shares with the highest volume of modifications indicating possible anomalous activity.
  • In addition to powerful analytics, Storage Insights leverages Komprise Transparent Move Technology to execute plans and move data without obstructing data access and with no disruption to users or applications.
  • “This latest release gives customers an easier, faster way to proactively manage and deliver data services across this complex hybrid IT environment while optimizing their data storage investments.”
    Storage Insights is included in the Komprise Intelligent Data Management 5.0 platform release and available with Komprise Analysis and Komprise Elastic Data Migration.

JetBlue Adds Amsterdam Service from Boston Starting Today

Retrieved on: 
Thursday, September 21, 2023

To celebrate the launch of new service to Amsterdam, seats are on sale today with low fares for U.S.-originating travelers starting at $499 roundtrip for the airline’s award-winning core experience and starting at $2,199 for JetBlue’s premium Mint experience.

Key Points: 
  • To celebrate the launch of new service to Amsterdam, seats are on sale today with low fares for U.S.-originating travelers starting at $499 roundtrip for the airline’s award-winning core experience and starting at $2,199 for JetBlue’s premium Mint experience.
  • Netherlands-originating travelers can enjoy special introductory roundtrip fares starting at €399 ($433) for core and €1,599 ($1712) for Mint available on jetblue.com (a).
  • JetBlue’s Amsterdam service introduces a new model of customer-focused, low-fare travel for leisure and business travelers.
  • JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan.