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Weekly #FIRGUN Newsletter – September 20 2024
- The #Firgun newsletter highlights the accomplishments of Israeli startups, such as Playtika acquiring Israeli gaming company SuperPlay for $700M and Israeli startups delivering over $12 billion in exits in the first 9 months of 2024.
- OpenAI is on course to raise $7 billion at $150 billion valuation, while Microsoft and BlackRock are teaming up for a new $100 billion AI infrastructure fund.
- Other global tech news includes Apple shipping the new iPhone 16, Snap Inc. releasing new AR glasses, and YouTube offering creators access to new AI video models created by Google DeepMind.
- In Israeli news, Cybersecurity firm Intezer raises $33M in series C funding, Cherre raises $30M for real estate data analytics and management platform, and Payouts.com raises $8M to automatically manage payments and vendor relationships.
- Israeli gaming company SuperPlay was acquired by Playtika for $700M, and UNICAMEL, a new $10M venture fund focused on early stage Israeli startups, was launched by Gilli Cegla.
- Silicon Valley Bank's State of the Markets Report notes that nearly 30% of US unicorns are unprofitable, and Deloitte’s Q3 2024 State of GenAI in Enterprise Report reveals that ROI from Generative AI is a rising concern.
- The EU has a competitive problem and faces a shrinking share of the global economy.
- The #Firgun newsletter has crossed 5,500 subscribers.
- Daniel Barel's REE Automotive secures a strategic investment of $45M to scale new electric delivery vehicle platform.
- Cybord raises an $8.7M series A funding for their visual analytics platform focused on the electronic component manufacturing process.
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