Author: David Rutman

Israel’ Verbit Buys American Captioning Products Provider VITAC Verbit declares that the acquisition now makes it the world’s largest AI-powered transcription and captioning platform. Verbit VITAC (Twitter) Verbit, an Israeli developer of an AI-powered transcription and captioning platform, has acquired the American company VITAC, which offers captioning products and solutions in North America. The purchase […]

Similarweb Completes $1.6 Billion IPO It had expected a $2 billion valuation. SimilarWeb CEO and founder Or Offer Similarweb Ltd., an Israeli provider of digital intelligence solutions, has completed its initial public offering on the New York Stock Exchange, according to a report in Globes. The company came away with a $.6 billion valuation. This […]

Lili a New Israeli Banking App for Freelancers – Raises $55 Million Lili offers services to freelancers. Lili cofounders Lilac Bar David (right) and Liran Zelkha (Company pic) Israeli startup Lili, a mobile banking service for freelancers in the U.S., offers “relevant and timely” features such as expense management, effortless tax preparation, and no-fee accounts. […]

Cisco Buys Israel’s Sedona Systems for $100 Million Sedona Systems offers the NetFusion platform. Sedona Team (Company Pic) Cisco Systems has announced its intent to acquire Israeli network intelligence and automation company Sedona Systems Ltd. While the purchase price was not revealed, Globes reports that it was $100 million. Founded in 2014, Sedona Systems’ NetFusion […]

Joan Rivers’ Manhattan Penthouse for Sale for $38 Million It previously sold for $28 million. 1 East 62nd St. (Google) The late great Joan River’s spectacular Manhattan penthouse is on the market again. It sold seven years ago for $28 million to a certain anonymous member of a Middle Eastern royal family. Now it is […]

Bill Ackman Worried That Inflation Is a Black Swan Risk But he does also see some good news ahead. Bill Ackman Facebook Billionaire investor Bill Ackman is concerned that we may see renewed inflation in the near future. This is because of the all money currently being pumped into the U.S. economy through the $1.9 […]

ironSource Launches New Publishing Solution LiveGames for Independent Developers Good news ahead of its IPO. The ironSource management team (Company PR pic) Israeli startup ironSource, which offers a multi-media platform, announced today the launch of LiveGames, available to developers publishing with its Supersonic publishing solution. The news comes as the company plans its IPO which […]

Mr. Go Pizza Pizza Vending Machine Debuts in Rome But will people eat pizza from a machine? Romans are trying out a new way to order a pizza. They can now get it made by machine with the help of the Italian company Mr. Go Pizza. The new vending machine offers freshly cooked pizzas in […]

Israel’s EVR Motors Has New Electric Motor Startup Nation is at the forefront of green tech. EVR Motors Team (Company Pic) EVR Motors, an Israeli company which develops electric motors for vehicles, has revealed its newest motor. The Trapezoidal Stator Radial Flux Permanent Magnet (TS-RFPM) motor (TSRF) is less than half the size and tens […]

Its Starbucks Vs Facebook Will Starbucks quit Facebook? Coffee giant Starbucks is in a feud of sorts with Facebook. Starbucks is not happy with how the social media company allows what it feels is hostile rhetoric about it to proliferate on its platform. Specifically, Starbucks is fed up with what it calls hateful posts on […]