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Israeli cybersecurity startup Zero Networks has secured $55 million in a mid-stage funding round, raising its total funding to over $100 million. Since its last funding round in late 2023, the company has experienced a 300% revenue growth and tripled its customer base, driven by its technology aimed at preventing ransomware and cyber attacks. The funding round was led by Highland Europe, with participation from existing investors F2 Venture Capital and PICO.
Japanese startup Ispace is set to attempt a lunar landing with its Resilience lander on June 6, 2025, targeting Mare Frigoris. This mission follows a previous failure in April 2023 and carries multiple payloads, including the Tenacious microrover developed with the European Space Agency. If successful, it will mark the first European-built rover to land on the moon, highlighting the shift towards private lunar exploration and the emerging cislunar economy.
Israeli startups raised over $950 million in May 2025, a decline of more than 30% from the previous year. The largest funding round was AI21 Labs’ $300 million series D, with significant interest in AI and defense technology, reflecting a diverse and resilient tech ecosystem. This funding landscape highlights ongoing investment in frontier technologies and the strategic focus on defense amid regional security challenges.
The recent lifting of Western sanctions on Syria has sparked cautious optimism among Syrians, signaling potential economic recovery and improved living conditions. Professionals like graphic designers, who have faced immense challenges under sanctions, now envision a future with better access to technology and financial systems. However, significant hurdles remain, including a crippled banking system and the need for comprehensive reforms to fully realize these opportunities.
Israel faces increasing international condemnation for its military operations in Gaza, with recent actions resulting in significant civilian casualties, including entire families. Despite the EU, UK, and Canada finally taking steps to address the situation, the effectiveness of these measures remains uncertain, raising questions about the delayed response to the ongoing humanitarian crisis. The urgency for a more decisive international approach is critical as the conflict continues to escalate, with calls for accountability and a reassessment of diplomatic strategies.
The Asia Economic Summit is poised to be a pivotal event, attracting C-suite executives, investors, and government leaders for a day of strategic discussions and networking opportunities. Attendees will gain insights from main-stage sessions, engage in executive roundtables, and enjoy curated meals designed to foster meaningful connections. Recent funding trends highlight a significant focus on climate tech, with notable investments in startups addressing carbon removal and sustainability.
Israeli construction tech firm Buildots has secured $45 million in a Series D funding round led by Qumra Capital, bringing its total funding to $166 million. The investment will enhance its AI-driven platform for predictive analytics, aimed at improving project timelines and costs. With plans to expand in North America by 2025, Buildots is partnering with major contractors and capitalizing on the growing demand for AI solutions in the construction sector, particularly amid labor shortages and supply chain challenges.
A couple is suing the Swiss Confederation for CHF 54,000 after purchasing 38,000 Credit Suisse shares just before the bank's takeover by UBS on March 19, 2023, citing assurances from the Federal Council about the bank's stability. In other news, Federal Councillor Elisabeth Baume-Schneider discussed the upcoming AVS2030 reform, which is projected to cost CHF 3 to 4 billion annually, while Geneva's cab drivers react to a ruling that subjects Uber drivers to employment laws. Additionally, there are calls for a ban on cell phones in schools, and Switzerland faces criticism for its inaction regarding the humanitarian crisis in Gaza.
Wix.com Ltd (WIX) has had its price target cut by UBS from $255 to $230, while maintaining a Buy rating amid macroeconomic uncertainty. The company reported a 12% year-over-year increase in Q1 bookings, reaching $511 million, and reaffirmed its fiscal 2025 guidance despite lighter second-quarter expectations. Analysts project an average target price of $238.05, indicating a potential upside of 56.26% from the current price of $152.34.
Elon Musk, currently in a legal dispute with Microsoft, made a virtual appearance at the company's Build conference to announce that his Grok AI chatbot will be hosted on Microsoft's Azure platform. Despite the ongoing lawsuit regarding his contributions to OpenAI, Musk emphasized the importance of honesty in AI safety. The event was also marked by protests against Microsoft's collaboration with the Israeli government amid the Gaza conflict.
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Israeli cyber startup Zero Networks secures 55 million in funding round
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