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CTECH

CTECH – Israel’s latest Technology and Innovation News

CTECH – Israel’s latest Technology and Innovation News

Trump announces “historic” peace agreement between Israel and UAE via Twitter. The move follows normalization of ties signaled by collaboration between Israeli and Emirati tech companies on Covid-19 solutions. Read more

Analysis | Israel-UAE diplomatic ties open door to big business opportunities. Israeli companies will have ample chances in a market that imports goods and services worth close to $250 billion each year. Read more

Mobility insurance company Bambi Dynamic secures series A funding.

With mobility changing around the world, customers can now get insurance on existing and future transportation models. Read more

Covid-19 period saw number of Israeli sellers on eBay double, says head of regional operations. ‘Second wave’ products are geared to beauty, home fitness, and recreational products; sanitizing gels – out, running – in. Read more

Is Intel primed for a bounce back with SuperFin and Israeli-developed Alder Lake?
Tech giant unveils the SuperFin, its name for a refined FinFET process that will sit at the heart of the Tiger Lake processor, and plan to launch Alder Lake, developed in Israel, in 2021. Read more

Future Meat wins Calcalist’s FoodTech innovation startup contest.
The sectors the competition focused on included food technology, agriculture technology, health, supply chain optimization, consumer experience, direct sales, and marketing innovation. Read more

Opinion | My last board meeting at Fiverr.
“In the six years on board, I have seen Fiverr grow from a young start-up to a mature and inspiring company,” writes Erez Shachar. Read more

North Korea was behind the foiled hack into the heart of Israel’s defense establishment. The attack is part of an ongoing campaign by the notorious Lazarus Group trying to steal data and money in the service of Pyongyang. Read more

Chelsea FC unveils Perfect Play training app developed by Israel’s Coach-AI. The virtual coach in the heart of the application enables users to improve their football skills based on professional knowledge provided by the Chelsea FC Academy. Read more

Israeli defense officials tease next gen nuke interceptors.
After a successful test of the Arrow 2 anti-ballistic missile system, all eyes are on the threats of the future. Read more

Israel’s AudioCodes Live Cloud for Microsoft Teams selected by Enablis.
The communication service has selected Audiocodes for its customers in Australia and New Zealand. Read more

11 Israeli-founded startups named Covid Disrupters by the New York–Israel Business Alliance.
Guided by data, it monitors economic development activity and trends in the public and private sectors to identify bilateral business growth potential. Read more

Opinion | Navigating the critical step of making your first cybersecurity sales hire. YL Ventures Partner John Brennan spoke with Medigate Co-Founder & CEO Jonathan Langer and EVP Global Sales Tyson Hempel about the importance of selecting the right sales hire for early-stage cybersecurity startups and how to find them. Read more

 

Sales conversation analytics company Gong raises $200 million at a
$2.2 billion valuation.
The mega-round, led by New York-based hedge fund Coatue Management, comes less than a year after Gong’s $65 million round in December. Read moreBig in Japan: Israel’s Binah.ai has partnered with four Japanese companies.The four companies operate in the healthcare, insurance, and network infrastructure industries. Read moreAdaptive Shield emerges from stealth with $4 million seed round.The startup developed a solution to automate complete control of the security of SaaS applications, like Zoom, Salesforce and Office 365, configuring those apps to prevent cyber attacks, data exfiltration and other risks. Read moreZebra Medical Vision partners with Canon Medical Systems USA.The automated imaging analysis technology can help clinicians provide faster and more accurate diagnoses. Read moreEyeControl raises $7.5 million for its AI-powered communication solution for ventilated patients.

Israeli company also received $2.5 million from the Enhanced European Innovation Council’s Covid-19 pilot program. Read moreNational cyber agency scans the web, detects scores of exposed Israeli databases.

The government body alerts owners and operators of databases if the private information they store is insufficiently protected. Read moreInterview | You can’t sit and wait for life-science startups to come to you, you have to create them.

CEO of VLX Ventures incubator says past ‘nightmare’ experiences convinced them to become more proactive and seek tech solutions at their source. Read morePhishing attacks triple in Israel courtesy of Covid-19.

A report by cyber protection company Kaspersky found nearly a million attempts to lure in unsuspecting users. Read more

Putting Israel back on lockdown would spell an economic disaster, says JVP founder in letter to politicians.
Erel Margalit highlights plight of small businesses, calls on government to instead focus on economic recovery. Read more

K2View completes $28 million funding round to expand DevOps platform.
Forestay Capital and Genesis Partners back the Israeli company that experienced a boom in the first half of 2020. Read moreIsrael-based Neura deploys the first-ever Covid-19 predictive testing solution.

The solution, named ViruScore, helps communities track their ‘pandemic index score’. Read moreFIH takes Moshe Hogeg to court over failure to pay for Finney blockchain phone production.

Despite the fanfare launch, only 10,000 units of the Finney were ever made, FIH says Hogeg owes it more than 20 million shekel. Read moreWith Belarus’ internet shutdown, Israeli companies cannot communicate with offshore employees. Local and international media has placed the blame for the connectivity crisis on the government attempting to dissuade protestors against the president. Read more

Appointment | Unit 8200 veterans accelerator gets new head in Yarden Abarbanel.
Abarbanel replaces Mor Chen, who is leaving to take on a new role at Accel London in which she will focus on the fund’s investments in Israel. Read more

Israel is in a great position to capitalize on the rapid rise of medtech, says veteran investor. Sanara Ventures’ Assaf Barnea says knowledge-sharing and precisely defining a product are the keys to success as the world opens up to a surge of innovation in the life science sector. Read more

Insight Partners leads $40 million series B in network safety company Perimeter 81.
The company completed three financing rounds in eight months to support its rapid growth. Read moreHatzerim-based Picodya raises $10 million for rapid diagnostics innovation.Picodya develops an in vitro diagnostics (IVD) platform named B-Matrix and is valued at between $80 and $100 million. Read more5 strategies to help small businesses to adjust to the new normal of the Covid-19 era. Many small businesses are suffering from the economic or even the social impacts of the coronavirus crisis and adjusting business models and strategies to accommodate the new reality could be the key to survival. Read morePost-Covid, DAG Wireless plans 4G and 5G infrastructure for air travel. The new aerial broadband network will help passengers and airlines once the skies open up again. Read more
 
Brick and mortar shops are here to stay, says CEO of retail analytics company Trax.
Joel Bar-El, co-founder and CEO of Trax believes the changes to our shopping habits, brought about by Covid-19, are just temporary. Read more

Israel-based PulseNmore offers at-home ultrasounds amid Covid-19 concerns.
At-home ultrasounds can be a safe option for pregnant women while reducing hospital visits for overworked physicians. Read more

Israel Innovation Authority launches a new fund to develop human capital in tech.
IIA CEO says Covid-19 employment crisis is an opportunity to train qualified personnel for work in the tech sector. Read more

FamilyBiz wants to be the ‘Spotify’ of financial tools.
Through its shared app, families can manage their finances and set budgets during difficult periods. Read more

Opinion | Companies must reassess IP risks in Covid-19 era. While companies consider how to bring employees back into offices, having some employees working from home may continue for some time. Read more

Appointments | Shani Gross-Eliyahu | OCON, chief technology officer.
Israel-based femtech company OCON has appointed biotech industry veteran Shani Gross-Eliyahu as chief technology officer. Read more

 

 

As the Covid-19 vaccine arms race intensifies, big money is at risk.
Governments want to be among the first to get their hands on the coveted solution, but they are also risking money that could be used to strengthen their healthcare system. Read moreDrip irrigation pioneer Netafim lands $85 million contract in India.The deal will see Netafim provide irrigation systems to 35,000 farmers, growing diverse crops on some 500 square kilometers in 66 villages in the state of Karnataka in southwest India. Read more

After strong Q2, Wix to raise $500 million in convertible senior notes.
The company has not made any significant acquisitions to date and may soon be planning a move that will require that cash. Read more

Interview | Investment strategist maps out the post-Covid tech landscape.
There are two motifs that have been pushed to the forefront due to the coronavirus pandemic, the stay at home economy and the reopening economy, says Jay Jacobs, a Senior Vice President and head of Research & Strategy at Global X ETFs. Read moreSmall business management tool provider Zeitgold lays off 75 workers. German-Israeli company abandons its main product after Covid-19 shook up its business plan. Read more

Government reveals $320 million plan to stimulate investment, job retention in tech.
Fund allocation delayed due to political crisis, ministers highlight funds earmarked for enterprises that didn’t lay off workers despite revenue decline. Read moreDespite record $2.1 billion in H1 sales, IAI faces 5 major challenges.
Israel’s largest state-owned defence contractor had a successful first half in 2020, but it seems unlikely to repeat these results any time soon. Read more

Roche, aMoon to launch early-stage innovation program.
The program is scheduled to run for the next three years, with three companies set to be selected and receive investments each year. Read more

Opinion | The smiles may be fake but synthetic media’s potential is real.
From providing customer intelligence while abiding with privacy regulation to engaging customers with ads filmed without actual actors or locations, deepfakes could prove a valuable and cost-effective tool for accelerating your business. Read more

After Google, Facebook, and Twitter, Intel to allow employees to work from home until June 2021. 90% of Intel’s 13,700 employees in Israel are currently working from home. The company will also offer reimbursements for office supplies and child care expenses. Read more

Prytek invests $12 million in trade analysis platform TipRanks. Seven years after Yair Sarousi first installed TipRank’s solution in Bank Hapoalim, he returned as Prytek’s chairman to buy a big chunk of it. Read more

Rafael to open Tel Aviv space center for mini spy satellite development. Lite-Sats, which are set to weigh less than an average human, are seen as a partial substitute for Intelligence-gathering UAVs. Read more

Israel’s Bank Leumi leads $150 million round in medtech fund ALIVE as an anchor investor. ALIVE will focus on mature companies in the fields of medical technology, medical equipment, and telemedicine and intends to lead 10-15 rounds of between $10 million and $30 million, within the next four years. Read moreIsraeli AI tech to assist Japan’s largest bank uncover promising Asian startups.

The joint $80 million venture between MUFG Bank and Liquidity Capital will target health care, education and e-commerce startups, screening companies’ bank accounts, accounting data, and other information with AI. Read moreTech entrepreneur Moshe Hogeg pivots to the energy sector.

In a rare move, the blockchain mogul invested $8 million in Tshuva’s Delek Group. Read moreTel Aviv judge says class-action suit against Facebook can proceed.

Social media company’s distinction between paying users and non-paying consumer is not grounds for dismissal, judge rules. Read moreOpinion | Impede the motion of data—and you impede innovation.

Why that is, and what to do about it. Read moreAnalysis | Follow the likes: How social media giants affect marketing. TikTok might be the latest app to attract young people, but its fate is just as unpredictable as that of its predecessors. Read more

Opinion | Israeli startups are leaving money on the table. Nearly three-quarters of Israeli companies’ marketing budgets are targeted at the U.S., even though operating in diverse geographical locations would mean better stability, should one market slow down due to a crisis or local unrest. Read more

 

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