Meytal Vaizberg

Israeli NeuroAI company Hemispheric has emerged from stealth and announced the completion of a $52 million financing round. After six years of development, the company is launching Descartes, an AI model that it says can analyze brain activity measured by non-invasive means and turn it into quantitative metrics designed to help doctors and researchers make diagnoses and make decisions.

Israeli cybersecurity company Oak has emerged from stealth to complete raising $60 million in seed funding. The company is developing an AI-based platform for managing identities and permissions in organizations, an area that has become more complex with the introduction of AI agents, service accounts, and automated systems into work environments. The round was co-led by Accel, Greylock Partners, and CRV, with participation from Hetz Ventures, AlphaDrive Ventures, and strategic angel investors.

Semiconductor manufacturers Tower Semiconductor (TASE: RSEM; Nasdaq: TSEM) and Intel Corporation (Nasdaq: INTC), which have production facilities in Israel, have announced investments of billions of dollars in expanding their activities outside the country. Tower, which is headquartered in Israel, plans to invest some $3 billion in raising its production capacity in Japan, while Intel has announced a €5 billion investment in expanding its factory in Ireland.