Ehud Shneiorson Leaves Paragon to Join Startup Rivon

In depth

Ehud Shneiorson, a former Unit 8200 commander and Paragon co-founder, is leaving the company and joining the startup Rivon, founded by his former partner Idan Nurick, as an entrepreneur. According to Globes, the venture raised investment commitments well before its establishment. According to Calcalist, Rivon has so far raised approximately $200 million in its latest round at a valuation of over $1.5 billion.

According to Calcalist, the move comes as Paragon prepares to enter the Nasdaq through a merger with a SPAC. According to Bizportal, the SPAC's shareholders redeemed approximately 15.4 million shares, and the deadline for completing the merger was postponed to June 2027. According to Ice, Shneiorson will continue to serve as an adviser to Paragon.

According to TheMarker, Shneiorson's and Nurick's partner in the new company is Lt. Col. D., a senior officer in a technology unit who established a fund while serving. According to TheMarker's estimates, the company is expected to focus on building artificial intelligence infrastructure for countries and government bodies.