Author: David Rutman

Cyber Attack Shuts Down Major U.S. Pipeline Colonial Pipeline It was a ransomware attack. Colonial Pipeline CNBC screen capture Major American fuel pipeline operator Colonial Pipeline was forced to shut down its entire system after the company suffered a cyberattack. The company, which transports 45% of the U.S. East Coast fuel supply, acknowledged in a […]

Monday.com Is Ready for Its IPO The company previously expected a $4 billion valuation. Monday.Com, an Israeli startup which deals with management software, has filed confidentially with the U.S. Securities and Exchange Commission for its initial public offering. According to a report in Bloomberg, the company has been working on its IPO with Goldman Sachs […]

How Print on Demand Businesses Can Save Money By Contributing Author Millions of people all over the world use print on demand businesses to buy and sell custom products. In fact, the print on demand e-commerce market is a multi-trillion dollar industry that has grown significantly in recent years. Whether you are an artist who […]

Israel High Tech Scene Week In Review May 2 – May 9 Tel Aviv at sunset, Israel New Startups / VC FundingChunk Foods Is An Israeli Alternative Meat StartupNew Israeli startup Chunk Foods develops meat-alternatives. The company has raised $2 million in a pre-seed round led by Kansas firm Stray Dog Capital, Good Seed Ventures, […]

Manufacturers Limit Product Repairs to Block Competition — FTC report Says That’s why its so hard to get spare parts. According to the U.S. Federal Trade Commission, manufacturers restrict repairs on their products in a deliberate effort to stifle competition. The report, which was submitted to the U.S. Congress, singled out mobile phone and automobile […]

Israeli Insurance Company Migdal Invests $355 Million in $355 Million in Global Energy Generation Doral LLC Doral has solar power projects. Doral Energy Solar Field in Israel (company pic) Migdal, an Israeli insurance giant, is expanding into the renewable energy business with an investment in the fellow Israeli firm Doral LLC. Migdal paid about $355 […]

Fintech Firm Global-e Looks Too $3.5 billion NASDAQ IPO Fintech and cybersecurity startups are worth billions these days. Global-e co-founders Amir Schlachet (from right), Shahar Tamari, and Nir Debbi. (Company PR pic) Israeli fintech startup Global-e is planning an initial public offering. The company submitted a revised F-1 filing with the U.S. Securities and Exchange […]

Israel’s Simplex Fintech Firm Acquired by Nuvei for $250m Million Simplex deals with Cryptos. Simplex co-founders CEO Nimrod Lehavi (center), Chief Technology Officer Erez Shapira (right) and Chief Analytics Officer Netanel Kabala. (Simplex PR Pic) Nuvei Corporation (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, entered into a definitive agreement to […]

Afghanistan – has Biden taken a wrong turn? Taliban execute Zarmeena in Kabul in 1999 / RAWA by Neville Teller On April 14, 2021 President Joe Biden announced that he was abandoning the timetable for withdrawing US troops from Afghanistan that his predecessor, Donald Trump, had agreed with the Taliban.  He had decided that the […]

IBM Unveils World’s First 2 Nanometer Chip Technology It is projected to achieve 45 percent higher performance. A 2 nm wafer fabricated at IBM Research’s Albany facility. The wafer contains hundreds of individual chips. Courtesy of IBM IBM (NYSE: IBM) today unveiled the world’s first 2 nanometer nanosheet technology. This is a breakthrough in semiconductor […]