Eldad A. Fux

American design software company Figma is opening a research and development (R&D) center in Israel after buying the Israeli startup Weavy. Weavy was founded just a year ago and has raised only $4 million so far. The main investor in Weavy’s funding round was Entrée Capital, a venture capital firm led by Avi Eyal, along with Designer Fund and Founder Collective. The company has around 20 employees, and while the financial details haven’t been shared, experts in the industry estimate that the acquisition value is over $200 million. Dylan Field | Lior Albeck | Jonathan Alumot | Jonathan Gur-Zeev | Itay Schiff 🔗 Read full article link in comment #figma #weavy #startupnews #businessupdate #busienssnews

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“𝗪𝗲 𝗰𝘂𝘁 𝗼𝘂𝗿 𝗰𝗹𝗼𝘂𝗱 𝘀𝗽𝗲𝗻𝗱 𝗯𝘆 𝟮𝟱% 𝗶𝗻 𝘁𝗵𝗲 𝘃𝗲𝗿𝘆 𝗳𝗶𝗿𝘀𝘁 𝗺𝗼𝗻𝘁𝗵.” These words come directly from Ofer LaOr, VP Engineering, and Avishay Cohen , Co-founder & CEO at Anima. Anima is a fast-growing tech company serving over 1.5M users. They faced a challenge: rapidly rising cloud costs and the need to scale quickly, all while keeping their team focused on building and innovating. That’s where CloudZone’s Max Squad stepped in. A dedicated team of a Customer Success Manager, Solutions Architect, and FinOps Expert, working side-by-side with Anima to cut waste, streamline operations, and always stay three steps ahead. In just one month, Anima reduced cloud spend by 25%, scaled seamlessly to handle 20× growth in LLM demand, and freed up its engineers to focus on its product and users. 𝗪𝗮𝘁𝗰𝗵 𝗵𝗼𝘄 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻, 𝘁𝗲𝗮𝗺𝘄𝗼𝗿𝗸, 𝗮𝗻𝗱 𝗮 𝗯𝗶𝘁 𝗼𝗳 𝗵𝘂𝗺𝗼𝗿 𝗰𝗼𝗺𝗲 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝘀𝘁𝗼𝗿𝘆.

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Torq, the Israeli-American AI security operations startup founded in 2020 by Ofer Smadari, Leonid Belkind, and Eldad Livni, raised $140 million in a Series D round led by Merlin Ventures, pushing its valuation to $1.2 billion and total funding to $332 million. The company plans to use the capital to expand adoption of its self-service AI SOC Platform across Fortune 500 enterprises and into U.S. federal and public sector markets, building on strong growth driven by widespread deployment of its AI Agents for investigation and response in security operations centers. FOUNDERS: Ofer Smadari, Leonid Belkind & Eldad Livni INVESTORS: Merlin Ventures, Evolution Equity Partners, Notable Capital, Bessemer Venture Partners, Insight Ventures Partners &Greenfield Partners ROUND: Series D AMOUNT: $140,000,000 VALUATION: $1,200,000,000 HQ: #TelAviv #Israel #VentureCapital #Torq #OferSmadari #LeonidBelkind #EldadLivni #MerlinVentures #EvolutionEquityPartners #NotableCapital #BessemerVenturePartners #InsightVenturesPartners #GreenfieldPartners #TradedVC

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Novee Security raises $51.5M in Seed and Series A. Led by YL Ventures, with participation from Canaan Partners and investor oren zeev through Zeev Ventures., marking one of the largest early-stage rounds in Israeli cybersecurity. Novee is building an AI-powered penetration testing platform that continuously simulates real attackers, helping security teams identify and prioritize real exploit paths in fast-changing environments. Founded by Ido Geffen, Gon Chalamish, and Omer Ninburg, the team combines deep offensive security, R&D leadership, and large-scale cybersecurity experience to rethink how organizations test and defend their systems. Follow Who Got Funded Israel for more startup funding updates.

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Website platform Wix acquired Israeli “vibe coding” startup Base44 for $80 M in cash. Founded by Maor Shlomo six months ago, Base44 enabled 250k users to build full-stack applications via natural language prompts, achieving $189k in monthly profit. Wix will integrate Base44’s conversational AI tools into its no-code ecosystem, enabling millions to create databases, front-ends, authentication, and integrations via chat. The acquisition also includes retention bonuses for Base44’s eight-person team. This move reinforces Wix’s leadership in democratizing app development. Source: https://lnkd.in/gsZgH38D

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𝐖𝐈𝐗'𝐒 𝐀𝐈 𝐏𝐔𝐒𝐇 𝐈𝐒 𝐀 𝐌𝐈𝐒𝐒𝐄𝐃 𝐎𝐏𝐏𝐎𝐑𝐓𝐔𝐍𝐈𝐓𝐘 As part of its generative AI offering, Israeli web-development giant Wix has acquired fellow Israeli AI video generator Hour One, in a push to improve its standing with other web design tool providers such as Elementor (fellow Israeli WordPress empowerer). The $145 million deal positions Wix to offer studio-quality AI-generated video content directly within its platform, reducing SMBs' reliance on external production resources. But is this strategic pivot addressing the right problem? With no-code platforms like Lovable, Base44, and Bolt revolutionising how entrepreneurs build applications, Wix's focus on AI video generation may be solving yesterday's challenges while ignoring today's competitive threats, such as Google's VEO 3. DIGITAL DOMINANCE CHALLENGED Wix commands a significant portion of the website builder market, serving over 240 million users globally with its drag-and-drop platform designed for SMBs and entrepreneurs. The company has built its reputation on democratising web creation for non-technical users, generating $1.6 billion in revenue in 2023 through its subscription-based model. However, its core audience increasingly demands more sophisticated functionality beyond traditional websites, as reported by MarketScreener. The company has notably missed the low-code revolution, where competitors like Israeli startup Base44, Lovable, and Bolt have gained traction by enabling users to build full-stack applications through natural language prompting. These platforms target the same non-technical entrepreneurs Wix serves, but offer application development capabilities that dwarf traditional website building—a move that appears underwhelming given the market's direction towards comprehensive digital solutions rather than enhanced content creation tools. 𝑺𝒖𝒓𝒗𝒊𝒗𝒊𝒏𝒈 𝒕𝒉𝒆 𝑽𝒊𝒃𝒆 𝑪𝒐𝒅𝒊𝒏𝒈 𝑬𝒓𝒂 How will Wix compete when building websites and applications have become as simple as conversing with ChatGPT or Claude? Today's entrepreneurs can prompt AI models to generate production-ready code, deploy applications through platforms like Lovable or Bolt, and iterate rapidly without traditional development constraints. According to Bay Tech Consulting, these no-code platforms are specifically designed for non-coders wanting to build MVPs, internal tools, and complex applications—precisely the evolution that Wix's traditional website-building customers are seeking. #vibecoding #wix

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Wix Buys Israeli Startup to Intensify the GenAI Video Creation Tools Hour One, the Tel Aviv-based developer of software that turns text-based content into videos, was acquired by the Israeli film Wix. The sum of the deal is not disclosed. Wix plans to bolster its web creator and content offerings with generative AI-based video production tools. Hour One develops AI-based text-to-video technology with computer-generated characters based on real people To date, the Tel Aviv-based startup has raised $25 million. Hour One was founded by Oren Aharon, Lior Hakim and Arnon Kahani in 2019. Source: https://lnkd.in/gqfDAWvA

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We’ve got a new hire! 🎉 Before we dive into all the cool stuff about Israel Odunrintan, he’s got a quick tip for us. Well, for fellow software engineers like him. Engineers, what do you think? Do you do this? Drop your own favorite tip in the comments 👇

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