CTECH

CTECH – Israel’s Latest Technology and Innovation News

By Steve

Posted on October 28, 2020

CTECH – Israel’s Latest Technology and Innovation News

SimilarWeb raises $120 million in latest round. The company takes its total fundraising to $240 million and plans on using new funds to speed up record growth. Read more

Salto raises $27 million for business apps configuration solution. The Israeli startup aims to streamline day-to-day efforts of configuring applications by extracting the information and translating it to a standardized, structured textual representation. Read more

$60 million Japanese-Israeli VC fund aims to invest in early stage Israeli tech companies. “Today’s early-stage investors must provide greater financial security than in the past,” says Aristagora VC managing partner. Read more

Panoply raises $10 million in funding for its cloud data platform. The company helps enterprises “sync, store, and access all their business data” in one platform. Read more

Analysis | How did the tech giants help their Israeli employees during Covid-19. After Dun & Bradstreet revealed its ‘50 best high-tech companies to work for’, we examine the steps they took that helped – or hindered – their ranking. Read more

Deci raises $9.1 million in seed to help build platform that ‘crafts’ the next-gen of AI. The company has already partnered with industries relating to autonomous vehicles, manufacturing, communication, and healthcare. Read more

Fruit-picking drone company raising $20 million to begin manufacturing. Tevel Aerobotics says demand for its AI-powered flying robot pickers has increased as fewer human workers are available. Read more

When lockdown comes, pick your platform poison, says Zebra Medical. Zebra Medical was prepared to enter lockdown like everyone else, but its HR team had to choose how everyone communicated. Read more

Tel Aviv Stock Exchange to accept companies’ reporting exclusively in English. The Israel Securities Authority is expecting the revision will help increase the number of foreign investments in Israel. Read more

Opinion | Tulsa seeking to bring a bit of the Startup Nation to the American Heartland. The city of Tulsa is undergoing a rapid transformation from an energy center into a diverse tech center. Read more

2020 ranking: These are the best tech companies to work for in Israel. With this year bringing unprecedented challenges for the workforce, data firm Dun & Bradstreet shows which companies are still attractive – and which ones failed to maintain their mojo. Read more

Interview | Israeli-made Covid-19 vaccine to be ready next summer.
Head of Israel Institute of Biological Research says he is excited for what the future holds, adding “if there were five vaccines on the table, I’d choose the Israeli version.” Read more

Pandemic sends Israelis flocking to Microsoft’s skills training programs. Software development, client management, and data analysis are most popular subjects as 36,000 Israelis complete online courses within three months. Read more

“I hope to soon visit Tel Aviv,” says CEO of Abu Dhabi Capital Group.
“We aren’t interested in small companies. We want to do grand things with you,” said JVP’s Erel Margalit. Read more

Elbit Systems records $60 million in write-offs due to Covid-19. The company had a tough quarter due to the reduced demand for aviation products, but still saw profits jump. Read more

Israeli startup TechSee raises $30 million for intelligent visual customer assistance solution. The Tel Aviv-based company has grown rapidly during Covid-19 pandemic by reducing customer friction points for enterprises. Read more

GoHeja and OpenValley host ‘Virtual Sports’ meeting for sports-lovers during Covid-19. The startup offers an app to help athletes maintain their routines and reach their fitness goals during lockdowns. Read more

Researchers at Ben-Gurion University create machine learning platform to improve clinical trials. Prof. Boaz Lerner and his team have developed a new way to test clinical trials at a lower cost, while improving their success rate and efficiency. Read more

UAE-based holding company bids $50 million for Israeli airline Israir. NY Koen Group, owned by Israeli businessman Naum Koen and based out of Dubai and Ukraine, is aiming to boost its tourism offering with Israir’s assets. Read more

Israeli high tech delegation departs for the Emirates in search of collaborations. The delegation, led by entrepreneur and JVP founder Erel Margalit, includes 13 CEOs from cyber, fintech, and foodtech industries. Read more

Infinidat employees suing Israeli tech unicorn for secretly diluting their shares. A lawsuit filed last week by past and present employees of the data storage company claims that Infinidat systematically and steadily diluted the employees’ holdings behind their back. Read more

Interview | MeMed analyzes complex immune responses to answer simple health questions. Growing biopharmaceutical company MeMed Diagnostics Ltd. is transforming the way doctors have traditionally treated infections by looking to the body’s immune system for answers. Read more

Israeli Proptech company, Jones, wins insurance category at Real Estate Tech Awards. The prize marks the first time an Israeli company has been awarded first place in the award’s seven-year history. Read more

The positives and negatives of Covid-19 are “two sides of the same coin,” says Namogoo’s HR Leader. After months of lockdowns and isolation, Namogoo’s Keren Halperin gets candid about how Covid-19 affected the business and employee morale. Read more

Interview | The lawyer who forges Israeli tech companies’ prized weapons. Daniel Kligler, who specializes in patents, offers his unique insights on what makes Israelis dominate tech innovation. Read more

Opinion | Was Twitter’s censorship of the Hunter Biden exposé the last nail in Section 230’s coffin? Regardless of who wins the next elections, we will likely eventually see some changes to this section. Read more

Biomed at the focus of new Israel-UAE business cooperation. New cross-business initiative is led by Tel-Aviv based consultancy firm Kamir Strategy and UAE-based PR firm Cosmopole. Read more

Tips | 17 suggestions for how best to conduct yourself on Zoom. The complete guide to handling your video conferences with poise — from sending clear invites to avoiding unwanted distractions. Read more

A group of former Check Point workers managed to piss off Palo Alto Networks. The cyber giant threatened to sue Israeli startup Orca Security for posting a video comparing the two platforms. Read more

Check Point CEO says government should not aid the cyber industry. The Nasdaq listed cybercompany reported $509 million in revenues in the third quarter of 2020. Read more

Spark Capital and MUFG Innovation Partners invest $20 million in Liquidity Capital. Liquidity Capital, which is a subsidiary of Meitav Dash, will see its valuation rise to $100 million. Read more

Expert | In the spirit of Abraham, Israel-UAE business ties must be built on a foundation of trust. Michael Eisenberg returned from a visit to the Persian Gulf and suggests Israelis take time to develop solid and mutually beneficial relationships. Read more

Israeli thermal sensor manufacturer AdaSky raises $15 million in series B funding. Company says it has signed a contract with an undisclosed car manufacturer to augment autonomous vehicle safety measures. Read more

Tech@Work | Israelis are social people who value connections with colleagues, says HR Manager of PerimeterX. Noticing the social nature of the workplace, Gabby Bador from PerimeterX knew they had to make big changes to adapt to social distancing and remote working. Read more

Self-driving vehicles coming to Israeli roads sooner than expected.
According to a legal memorandum which is set to be published towards the end of November, the Ministry of Transportation is pushing for quick adoption of a new law that would regulate autonomous vehicles on the country’s roads. Read more

Cellebrite refunding employees for four months of Covid-19 cutbacks. Employees had their pay checks reduced during the first wave of the pandemic and after already canceling the cuts last month, the digital intelligence company will now also be paying back a one-off sum to cover lost salaries. Read more

Elbit will supply the U.S. Army with night-vision goggles in a $442 million deal. The ENVG-B system allows soldiers to see up to 300 meters in complete darkness. Read more

Round B | The path to true startup success means you can’t take ethical shortcuts. Shaul Olmert explains how key decisions made in a company’s earliest days largely define its core values and characteristics. Read more

Cyber powerhouse SentinelOne is now worth $3 billion. The company is in the final stages of raising its sixth round led by Sequoia Capital. Read more

Google’s AI-focused fund leads $9.5 million investment in Israeli startup Mine. The company offers users concerned about their private information being online the possibility to automate data deletion requests. Read more

Visual search startup Syte raises $30 million to expand into U.S. and Asian markets. Series C round led by Viola Ventures; “2020 has launched our industry several years forward,” says CEO. Read more

Aidoc granted AI ‘industry-first’ FDA clearance for triage of incidental pulmonary embolism. This marks the company’s sixth FDA clearance, paves the way for the commercial use of its triaging and notification algorithms. Read more

Visa welcomes four new Israeli startups to its innovation studio. The Tel Aviv-based studio connects Fintech companies to Visa and its global network. Read more

Video | Biden will be a better friend to Israel than Trump is, claims former NY congressman. Former congressman Steve Israel spoke with Calcalist about the Democratic candidate’s support for Iron Dome and the anti-Semitic event that sparked his run for president. Read more

Space Florida and Israel Innovation Authority shoot for more collaboration. This marks the eighth year of joint efforts between both agencies with some $2 million in funds available for new research projects in aerospace technologies. Read more

“Renewable energy and infrastructure sectors will benefit from Biden being elected.” Gat Megiddo, Psagot Investment House chief investment officer, and Ilan Paz, Israel Country Head at Barclays, discuss the financial ramifications of the upcoming U.S. Presidential Elections. Read more