American private equity firm AE Industrial Partners has recently acquired Israeli spyware maker Paragon for a reported $500 million. This acquisition includes extensive deals with U.S. agencies and a firm background in Israeli intelligence, establishing Paragon as a formidable presence in the cybersecurity arena. The deal follows a trend of Western investments in Israeli companies known for developing surveillance tools, raising questions about the ethical use of such technologies.
Tag: venture capital
Greek startups achieved remarkable growth in 2024, raising over €555 million—a 15% increase compared to last year, defying Europe’s funding downturn. Key sectors like AI, biotechnology, and health technology led the way, while foreign investors showed strong interest, with 36% from the U.S. The ecosystem continues to mature, with standout achievements like the $1.24 billion acquisition of BETA CAE Systems
Eurobank has launched a new venture banking unit aimed at supporting fast-growing and innovative businesses. The unit will provide tailored financing tools, advisory services, and co-investment opportunities to startups, venture capital funds, and private investors, helping drive economic growth in Greece and beyond. Led by Deputy CEO Konstantinos Vassiliou and Head Roula Bachtalia, the unit underscores Eurobank’s commitment to fostering the innovation ecosystem.
Backed by Alibaba’s recent investment, Connectly is pioneering the use of AI to enhance customer engagement through personalized messaging. Founded by Stefanos Loukakos and Yandong Liu, the platform is transforming how e-commerce retailers interact with customers, automating and customizing communications across various messaging platforms. With significant growth and a robust funding round, Connectly is positioning itself as a leader in AI-driven conversational commerce.
Gen Y tech investor Michael Frazis is pushing into venture capital investment after buying a…
The prospect of longer-term higher US borrowing costs is sending Bitcoin down