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CTECH – Latest Israeli Technology and Innovation News

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CTECH – Latest Israeli Technology and Innovation News

Apple secretly acquired Israeli photography startup Camerai. The AR and computer vision company was purchased a year and a half ago, an example of the tech giant’s strategy of silently buying up small tech companies. Read more

Interview | “UAE-Israel agreement can be a bridge to normalizing ties with Saudi Arabia.” Pini Meidan Shani who represents Israeli cyber companies in the UAE spoke to Calcalist about the practical significance of the deal and other regional peace prospects. Read more

Tesla’s launch in Israel to be pushed back amid local GM’s departure.
Covid-19 travel restrictions believed to be among reasons behind delay due to inability to train mechanics overseas. Read more

You are not alone: Malfunctions in Google’s Gmail and Drive reported worldwide. Google confirms it is working on problems in accessing and operating its popular email, messaging, and file-sharing programs. Read more

Israeli researcher uncovers wide-scale cyberattack on the U.S. and Europe. The attack, named FritzFrog, was designed to exploit weak passwords and infiltrate infrastructure systems. Read more

Covid-19 accelerates production of Israel-based EchoCare’s non-wearable radars for the elderly. Company announced plan for A1 funding round to increase manufacturing following successful trials in Israel, Japan, and Australia. Read more

Normalization in action: GKH Law Offices to hold joint tech webinar with UAE law firm BSA. Dubai investors to potentially pour billions of dollars into Israeli tech, says head of GHK’s tech and VC department.
Read more

Analysis | Teva neck-deep in legal trouble with no end in sight. Each new court case is revealing that the company walked the grey line on its path to remarkable success. Read more

Elicio Therapeutics enters Covid-19 vaccine race, reports success in pre-clinical trials. Boston company partially owned by Clal Biotechnology Industries plans to advance to clinical trials in Q4. Read more

Autonomous vehicle vision edging closer to reality with verification by Israel’s Foretellix. As ADAS becomes standard, Israeli autonomous car tester is spoiled for customers, even during Covid-19. Read more

Israel Innovation Authority receives a $114 million budget boost.
Government’s tech investment arm says fast track grants to struggling startups have proven most effective in helping early-stage tech companies survive the Covid-19 crisis. Read more

Urban Aeronautics signs deal with US-based Hatzolah Air to develop its flying ambulance. The company’s vertical takeoff and landing aircraft is expected to be completed in 3-5 years. Read more

Cannabotech wants to raise $6 million in Israel’s first crowdfunded share issuance. Developer of medical solutions based on botanical combinations of cannabis extracts and fungi is planning to become a public, non-traded startup company. Read more

4 female Israeli founders chosen for European Woman in Tech Award ahead of London Tech Week. The entrepreneurs, who come from a variety of business fields, will later speak in specialized London Tech Week events in September. Read more

The impact of 5G will only be felt in three years, predicts Amdocs exec. Avishai Sharlin, president of the technology division at Nasdaq-listed billing company Amdocs, spoke at Calcalist’s online convention on 5G networks. Read more

GovTech Incentive Program renewed by Israel Innovation Authority and Israel National Digital Ministry. Each year, 10 million shekels are put towards solutions for public sector challenges. Read more

Opinion | Israel has an untapped resource to help your company take over the world. When trying to break out of their natural habitat, companies should take advantage of an underutilized asset that is free, accessible in their mother tongue, and potentially encapsulates valuable data, resources, and relevant networks– that’s right, meet your embassy. Read more

Report: Secret clause of Israel-UAE deal lifts U.S. embargo on sale of F-35s to the Gulf state. UAE ruler conditioned the peace deal on its ability to purchase advanced weapons system; Prime Minister’s Office says Israel hasn’t changed its policy. Read more

Friendly adversaries: How Israelis secretly helped build up the UAE’s military capabilities. Companies like Aeronautics and Logic, took part in the Gulf State’s biggest defense projects all while keeping an extremely low profile. Read moreDeals under the radar: These are the Israeli tech companies already operating in the UAE.

Cooperations in the fields of insurtech, biomedicine, fintech, agtech and cyber lead the way, but the potential for future purchases and investments is vast. Read moreNew York State is looking for Israeli startups to help it meet Covid-19 challenges. NY Smart City Innovation Partnership Program offers companies the chance to try out their tech in urban settings while receiving 50% of R&D costs. Read more

Israeli tourist agency seals exclusive deal with Emirati luxury hotel chain. The price for a five-day family package, which includes return flights from Tel Aviv to Abu Dhabi or Dubai, will stand at
$1,389-$1,639 per person. Read more

Arieli Capital and Ramat Hanegev promote collaboration with UAE on desert agriculture. UAE representatives were the ones who sought out the initial contact with the Ramat Hanegev Innovation Center and several meetings have already taken place in Europe. Read more

Teva stock plummets on back of U.S. government kickback lawsuit. The Department of Justice accuses Israeli drugmaker of using kickbacks to boost sales of its multiple sclerosis drug Copaxone, as well as causing the submission of false claims to Medicare. Read more

Double trouble for Teva as NY State files charges on same day as DOJ. Governor Andrew M. Cuomo announced that the New York State Department of Financial Services has initiated administrative proceedings against Teva in connection with the Opioid Crisis. Read more

U.S.-Israel Energy Center announces a new funding opportunity for infrastructure cybersecurity cooperation. Energy Cyber is one of the four areas highlighted by the energy center, as well as fossil fuels, energy storage, and energy-water nexus. Read more

Israel’s vCita has been selected to take part in Mastercard’s Start Path global program. The developer of cloud-based solutions for SMBs joins 10 other startups from the fintech field. Read more

Insights: Two years on, Bird reveals scope of Israel’s love affair with electric scooters. Company’s numbers find hundreds of thousands of Israelis are primarily using micro-mobility to bypass rush hour traffic jams. Read more

Analysis | Israel’s education system fails the Covid-19 test. With just two weeks before the new school year, the Israeli Ministry of Education prides itself in its back to school outline, yet the plan is full of holes and will likely only widen the gap between stronger and weaker students. Read more

Opinion | Tech is the new oil. Covid-19 emphasized how problematic dependency on global supply chains can be, but it is still too soon to mourn the death of globalization. Read more
 

 

 

 

Employee surveillance tools emerge as a serious side effect of Covid-19. Dystopian products that track workers’ every move have become hot commodities for managers who had to transition to supervise remote teams. Read more

“The 5G world will create lots of opportunities for Israeli entrepreneurs.” Samsung Catalyst Fund’s Dede Goldschmidt praises Israelis for being able to identify opportunities and pivot accordingly. Read more

Israeli-based Pluristem and Abu Dhabi Stem Cells Center sign deal to collaborate in development of cell therapies. Agreement comes just days after Israel and the United Arab Emirates (UAE) announce intention to fully normalize diplomatic relations. Read more

‘Project Carpaccio’ a success, declares meat-printing startup. MeaTech’s next goal on the path to industrial-scale manufacturing is a child’s portion-sized steak. Read more

Israel-based Fintica extends R&D collaboration with Nikko Global Wrap after a successful trial. Fintica, a spinoff of Cortica, leverages next-generation AI to understand volatile market and steer investment decisions. Read more

Will the Tel Aviv Stock Exchange’s dreams of unicorns backfire? The new TASE UP platform is meant to finally allow most Israelis to trade in local startups, but there are question marks abound. Read more

The ‘5 Key Forces’ shaping the future of organizations, according to CEO of freelance workforce tool Stoke Talent. Freelancing, Millennials, and Remote Working: everything shaping the future of organizations after Covid-19. Read more

Opinion | Predictive analytics takes center stage in the fight against Covid-19 and the critically ill. Clew Medical’s Gal Salomon discusses Covid-19 and how the pandemic has revealed vulnerabilities in healthcare systems around the world. Read more

Irrigation giant Reinke partners with Israel’s CropX to offer farmers precision solutions. Farmers who use Reinke’s ReinCloud extended cloud app will be able to remotely run their irrigation system while managing CropX system data through the integrated platform. Read more

First-ever AI-based autonomous traffic management platform unveiled in Phoenix, Arizona, thanks to Israeli-founded company. NoTraffic uses its AI to optimize traffic management systems and improve traffic flow in urban areas. Read more 

Revolution, not evolution: CEO of Israeli telco Partner says his company is prepared for 5G. “As a forward-thinking company, we want to make sure we are ready to meet the demands of the future,” said Isaac Benbensti. Read more

“We will see dozens of interactions over the next few months that will grow into hundreds next year,” Jon Medved says of UAE ties. Don’t be pushy, give Israel-UAE relationship time to develop, OurCrowd CEO cautions Israeli companies eager to do business in the Gulf. Read more

Before the ink dries: Everything you need to know about the UAE’s economy. Israeli companies aiming to break into the UAE market will find a local thirst in several sectors, including retail digitization, cybersecurity and health. Read more

Even without diplomatic ties, here’s how 200 Israeli companies are already doing business in the UAE. With conduit companies and subsidiaries in third countries and a vow of silence regarding their origins, Israeli manufacturers and startups have been selling goods and services to the Persian Gulf country for years. Read more

Cyber, defense and water projects: Israeli companies have made billions working in the UAE. Companies like Logic, IAI, Elbit, and Tahal didn’t wait for official ties and have been doing business with the Gulf state for years. Read more

Covid-19 proves small businesses are very resilient, says Honeybook CEO. Oz Alon, co-founder and CEO of online business management startup HoneyBook spoke with Calcalist reporter Hagar Ravet, as part of Biz Online, Calcalist’s online conference, on the consumer revolution and the success of online commerce following the Covid-19 crisis. Read more

Viridix and Talgil partner to offer farms cutting-edge smart irrigation. The partnership will combine Viridix’s data-driven technology with Talgil’s irrigation control systems. Read more

Tips | 7 ways to foster innovation amid a crisis. We need to start thinking about the long term solutions to the challenges and restrictions brought about by Covid-19. Read more

Tel Aviv Stock Exchange launches TASE Up, a new platform to access tech investments. The electronic platform is expected to help companies and investors recover from the devastating impact of Covid-19. Read more

Israeli mini X-ray developer Nanox sets terms for $100 million Nasdaq IPO. According to its filing with the U.S. Securities and Exchange Commission, the company plans to raise the money by offering 5.9 million shares at a price range of $16 to $18. Read more

From robots to quantum computing: IAI accelerator opens its doors to startups. We are looking for technological breakthroughs, not equity, says IAI VP of Strategy and R&D. Read more

Can Cancer be beaten? The findings are surprisingly optimistic. Two revolutionary developments offer solutions that deliver medicines directly to the cancerous tumor – the Nano-Ghost system that operates like a ‘trojan horse’ in miniaturized stem cells and nano-metric diagnostic barcodes that help identify the most suitable drug treatment. These nano technologies may also prove helpful in contending with the coronavirus. Read more

Opinion | 5G will revolutionize the way networks are managed. The acceleration of 5G networks and the development of new advanced technologies will force telecommunication service providers to find new ways to manage their networks and automation will be key. Read more
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