
Economy
Israeli firm Reliance, spun off from Intel, sells for $600 million within 14 months
After pivoting and nearly closing following Intel cuts, Reliance became an independent company in 2025 and is now being acquired by Cognex. According to Reliance, 80 of its Israeli employees are expected to each receive more than 1 million shekels as a result of the deal. CEO Nadav Urbach: "We will remain a full, separate business unit with our brand"
· Source: TheMarker. Photo as published in the article
After pivoting and nearly closing following Intel cuts, Reliance became an independent company in 2025 and is now being acquired by Cognex. According to Reliance, 80 of its Israeli employees are expected to each receive more than 1 million shekels as a result of the deal. CEO Nadav Urbach: "We will remain a full, separate business unit with our brand"


