Alphawave IP acquires Banias Labs, an Israel-based optical digital signal processing chip developer for data centers, for $240M (Meir Orbach/CTech)

Meir Orbach / CTech:
Israeli startup Mesh Payments, which helps companies track and manage employee expenses, raised a $60M Series C led by Alpha Wave, bringing its funding to $127M  —  The Israeli startup’s solution gives finance teams more visibility into each payment, from SaaS subscriptions to employee expenses …

Meir Orbach / CTech:
Cybersecurity startup Snyk lays off 198 employees, or 14% of its staff, after laying off 30 people in July 2022; Snyk was valued at $8.5B in September 2021  —  The Israeli-founded company raised $530 million at an $8.5 billion valuation last year  —  Israeli cybersecurity unicorn Snyk …

Meir Orbach / CTech:
Israel-based Weka, which makes data management tools for AI, ML, HPC, and research, raised a $135M Series D at a $750M valuation, after raising $73M in January  —  The Israeli startup doubled its valuation since its previous round in January despite the dramatic economic downturn

Meir Orbach / CTech:
Source: Israeli cybersecurity startup Cybereason laid off 200 employees, or 17%, after letting ~100 staff go in June and filing for a US IPO earlier in 2022  —  This is the second round of layoffs at the company, which parted ways with around 100 employees in June

Meir Orbach / CTech:
Sources: Palo Alto Networks to buy Cider Security, which helps enterprises identify security risks in DevOps pipelines, for $200M in cash and $100M in shares  —  The startup, which develops an AppSec operating system, will receive $200 million in cash and $100 million in Palo Alto stock

Kyle Wiggers / TechCrunch:
RisingWave Labs, which is developing a data stream processing service, raised a $36M Series A led by Yunqi Partners, bringing its total funding to $40M+  —  RisingWave Labs, a company developing a platform for data stream processing, today announced that it raised $36 million in a Series …