New cyber unicorn Upwind hits $1.5B. Elbit tops up the IDF. Electreon acquires its US rival.
Re: January 27, 2026 in Israel - and what it all means for investors at home and abroad.
Quick Takes:
Tech: Upwind becomes a unicorn with a $250M raise; Gilat books multi-million dollar aero deal; Pulsenmore signs $4.5M remote-health deal.
Defense: Elbit Systems secures ₪570M ammunition order from the Ministry of Defense.
Auto & Energy: Electreon acquires US rival InductEV; Nayax partners with Sonol EVI.
Finance: Opal Balance distributes 35th consecutive dividend; Knesset debates Gaza trade exclusivity.
Tech
Cloud security startup Upwind has raised $250M in a Series B round, propelling its valuation to $1.5 billion. The round was led by Bessemer Venture Partners, with participation from Cyberstarts, Greylock, and NBA star Stephen Curry. CEO Amiram Shachar noted 900% revenue growth in the last year as the company secures cloud infrastructure for global clients like Nubank and Siemens.
Gilat Satellite Networks (TASE:GILT) secured a multi-million dollar order from a major international avionics company. The deal covers the supply of Gilat’s "Sidewinder" Electronically Steered Antennas (ESA) for in-flight connectivity, to be delivered within six months. The stock rose 42% year-to-date on the TASE.
Pulsenmore (TASE:PULS) signed a strategic 5-year agreement with Clalit Health Services worth up to $4.5 million (₪14.3M). The deal will deploy the ‘Pulsenmore FC,’ a home ultrasound device for remote follicle monitoring for women undergoing IVF treatments, effectively creating a ‘hybrid’ fertility clinic model.
Defense
Elbit Systems (TASE:ESLT) received a strategic procurement order from the Israeli Ministry of Defense (IMOD) valued at over ₪570 million. The deal covers the supply of advanced air munitions to replenish IDF stocks for the coming decade. Defense Minister Israel Katz: "Expanding the Israeli defense production base is a national interest of the highest order."
Automotive & Energy
Wireless charging leader Electreon (TASE:ELWS) acquired full ownership of US competitor InductEV. The deal includes a stock swap and a $6 million direct investment by InductEV’s shareholders into Electreon at a premium. The acquisition cements Electreon’s dominance in the ultra-fast (300kW) static wireless charging market for heavy-duty fleets.
Nayax (NASDAQ:NYAX) is embedding its payment terminals into Sonol EVI’s fast-charging network. The ‘Tap & Charge’ technology will be installed in 200 public fast chargers, removing the need for proprietary apps and simplifying the payment process for EV drivers.
Finance & Policy
Non-bank credit firm Opal Balance (TASE:OPAL) announced a ₪5 million dividend distribution, marking the 35th consecutive payout. The company continues to maintain a high equity-to-balance ratio of 45.7%, signaling strong risk management despite the volatile credit environment.
The Knesset Economic Committee held a heated debate regarding agricultural trade with Gaza. New Tax Authority regulations currently restrict trade to entities with over ₪300 million in turnover, effectively barring small Israeli farmers from the market and handing exclusivity to monopolies. Committee Chair MK David Bitan threatened High Court legal action if the ‘discriminating’ procedure isn’t revised.
TASE snapshot for Tuesday, Jan. 27, 2026
TA-35 Index (TASE:TA35): 🟢 +0.09%
TA-90 (TASE:TA90): 🔴 -0.62%
TA-125 (TASE:TA125): 🔴 -0.06%
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