Upwind's round grows to $400 million, IAI folds Elta into the parent, Tel Aviv falls after the election
Upwind closes a $400 million Series C at a $3.8 billion valuation. Plus Israel Aerospace Industries' board approves merging Elta, Tel Aviv's sharp post-election drop, and Entrée Capital on Classiq.
Upwind completes a $400 million Series C at a $3.8 billion valuation - Bessemer led the round, which grew from the $300 million announced in September.
Sources: Globes, CTech, SiliconANGLE, Geektime
Israel Aerospace Industries' board approves merging Elta into the parent company - Elta becomes one of IAI's four main divisions; completion is subject to state approvals.
Sources: CTech, Defence…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.