July’s updates highlight both scale and direction in the local tech scene.
Leading the headlines was one of the country’s largest ever cybersecurity deals: Palo Alto Networks’ $25 billion acquisition of CyberArk, the second biggest tech exit in Israel’s history. CyberArk, a global leader in identity security, helps organizations safeguard access across cloud, enterprise, and DevOps environments.
In the energy tech space, Zooz Power secured $180 million in a PIPE round to scale its innovative flywheel based EV charging technology, a fast and sustainable alternative to traditional battery based solutions.