2022 has started with a bang among Israel’s start-ups. This week saw Google announce its purchase of Israeli cybersecurity company Siemplify for a reported USD 500 million, with Goldfarb Seligman advising Google, White & Case, and Pearl Cohen acting for the Israeli start-up. Another start-up joined the unicorn club, as cyber start-up Noname Security raised USD 135 million, advised by Yigal Arnon, while another Israeli start-up – the animal-free dairy company, Remilk – completed its Series B funding round, at a USD 325 million valuation, with Herzog Fox & Neeman advising.
Meanwhile, in the electricity sector, S. Horowitz acted for the Israel Electric Corporation in its sale of “East Hagit” power station to the Shikun & Binui -Edeltech consortium for NIS 1.6 billion, in the latest sell-off by the IEC.
In other news and updates, Yariv Ben-Ari, partner in Herrick, Feinstein’s Real Estate Department and a co-chair of the firm’s Israel practice group, comments on the new NYC real estate program to impact Israeli real estate investors. Israel records highest deal total in a decade – tech companies raised USD 25.7 billion in 2021 and the IVC -Meitar Tech Review publishes key insights. Last, Shibolet expands its medical and pharma sectors with merger of Amos Bentzur & Co.
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