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Weekly #FIRGUN Newsletter – Oct 11 2024
- Firgun is a concept in Israeli culture that means genuine, unselfish admiration and pride for the accomplishments of others; this week's newsletter highlights its importance in modern society.
- The anniversary of October 7th, 2023, a dark day in Jewish history, has recently passed, and the newsletter puts the spotlight on the unfortunate victims of that period, along with the necessity for the Israeli hostages held in G*a to be set free.
- Preliminary reports from IVC Data and Insights and LeumiTech suggest a positive trend for Israeli tech, whose funding increased between 32%-40%, whereas European funding was down 39% to $10B in Q3 2024.
- This week's newsletter provides insights into various companies such as OpenAI, Tesla, Google, and Meta, who are apparently impacting the science and startup worlds with their advancements.
- Hurricane Milton is predicted to cause $175B in damages, and the newsletter expresses hope for everyone's safety in the US during these difficult times.
- The newsletter features funding rounds and exits achieved by companies like TechnoPulm, Upstream Bio, Prime Security, and Orasis Pharmaceuticals.
- Interesting articles and media covered in this newsletter include the State of Private Markets by Carta, AI agents by Capgemini, and Q1-Q3 2024 Israeli M&A - most Israeli companies being acquired by US corporates.
- Lastly, Elon Musk's Optimus humanoid robots and a beautiful tribute to Nissim Louk, Shani Louk's father, conclude the newsletter for the week.
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