Ze'evi-Farkash was born in Romania. He received a B.A. and M.A. in Middle East and Islam Studies from Tel Aviv University, as well as an AMP/ISMP from Harvard Business School. He commanded the IDF Technological and Logistics Branch and the IDF Planning Branch. He is head of the Intelligence and National Defense Program of the Tel Aviv University's Institute for National Security Studies (INSS).
According to Der Spiegel, before Ze'evi-Farkash's retirement from the military he set up a secret commission to evaluate all available information on the missing Israeli navigator Ron Arad. The commission concluded that Arad died between 1993 and 1997.
In 2006, Ze'evi-Farkash founded FST21 Ltd. (Farkash Security Technologies), which provided technologies and services for home safety and container security (it was later renamed FST21 Biometrics). FST21 has developed an award-winning building safety and security system that acts as a virtual doorman. In spite of winning several design awards, FTS21 failed to gain a significant market share, and it was folded in 2018.
- Aryeh Dayan (8 August 2007). "Crying out from a cubbyhole in a male preserve". Haaretz. Retrieved 26 January 2014.
- Christoph Schult; Holger Stark (7 September 2009). "Missing for 23 Years: Secret Israeli Report Reveals Truth about Ron Arad's Fate". Der Spiegel. Retrieved 26 January 2014.
- Paul Rothman, ed. (8 April 2011). "The smart yet virtual doorman of tomorrow". securityinfowatch.com. Retrieved 26 January 2014.
- Chris Burt, ed. (25 July 2018). "Israeli media reports FST Biometrics is shutting down". biometricupdate.com. Retrieved 6 October 2018.
- Amos Harel (4 May 2011). "Will bin Laden killing pave way for similar moves by Israel?". Haaretz. Interview with Aharon Ze'evi Farkash.