CTECH – Israel’s Latest Technology and Innovation News
Israel’s Hibob completes $70 million series B to expand HR management platform distribution. CEO Ronni Zehavi describes the past year that began with layoffs and a sexual harassment claim and ended in triple-digit growth. Read more
Survey: One-third of Israelis would prefer to take homegrown Covid-19 vaccine. The results come a day after America’s Pfizer/BioNTech vaccine touches down for distribution. Read more
Bionic comes out of stealth with $13 million series A for application intelligence platform. The Israeli startup developed a platform that gives enterprises the ability to understand and control the many application changes pushed to production every day. Read more
Interview | Brilliance Ventures offers Israeli tech companies a gateway to China. Keren Maimon and Qian Chen explain why Israelis are making a mistake in straddling the fence when it comes to pursuing business in China. Read more
“Our employees were all in the same boat” during Covid-19, says maritime intelligence platform Windward. Due to the pandemic, all 90 of Windward’s employees work remotely – something that used to be reserved for only a few located overseas. Read more
Analysis | Lessons Learned: Three Israeli cyber experts offer their hot takes on the Shirbit hack. After the crushing hack of Israel-based insurance firm Shirbit, executives from Guardicore, BDO Global, and MonsterCloud share some industry insights. Read more
Gaming’s growth presents the fashion world with an unexpected challenge. “Fashion houses aren’t scared yet, but they should be.
There is a limited sum a person can spend and if they spend it on a digital experience they won’t be spending it on a physical experience,” says Assaf Reeb, co-founder of startup Immersive Virtual Apparel. Read more
Taboola extends strategic partnership with digital ad agency Kendago. Kendago is expected to run tens of millions of dollars worth of campaigns through Taboola. Read more
Mind The Tech TLV | “The flow of Japanese companies and investors to Israel started long before we established ties with the Gulf states.” Yinnon Dolev, Head of Sompo Digital Lab Israel, explains at Mind The Tech TLV why Japanese companies are looking for Israeli partnerships. Read more
MTT TLV | “Technological revolution is creating a new diagnostic arena in cyberspace,” says CEO. Applicants are still chosen on a face-to-face basis, but CEO Nimrod Betzer’s company has developed world-leading technologies to recruit people over cyberspace. Read more
Wiz, founded by former Microsoft Israel R&D head, raises $100 million series A. Having the right people and operating in the hottest security sector in the market makes finding investors simple, says Assaf Rapaport. Read more
“Israel is going back to the Moon,” announces SpaceIL co-founder.
Beresheet 2, Israel’s second attempt at a lunar lander is set to launch in 2024. Read more
Firebolt raises $32 million to redesign the cloud data warehouse experience. The Israeli startup’s technology allows companies to improve the ROI of collecting data and enables a myriad of new data-driven use cases with real business impact. Read more
No Bull: Israel’s Remilk raises $11 million for animal-free dairy products. With products made through microbial fermentation, the company seeks to overcome the deficiencies of plant-based dairy substitutes. Read more
These were Israelis’ most popular Google searches of 2020.
Coronavirus, Zoom, the U.S. elections, and the Israeli Employment Service were some of the most googled queries during the past year. Read more
Exceed.ai raises $4 million in seed to help automize qualified marketing leads. Exceed.ai’s bot works alongside marketing teams to ensure every lead is followed up with, nurtured, or qualified. Read more
Alstom investing $7 million in Israeli rail cyber protection startup Cylus. The technology will be implemented first in the Tel Aviv metropolitan light rail system with a capacity of 200,000 passengers a day. Read more
Cyber insurance prices on the rise as Covid-19 increases threat of hacks. The rising threat of being hacked has resulted in an increase of up to 50% in the price of cybersecurity insurance policies. Read more
Options of Houzz, eToro and Monday.com in high demand in marketplace. Payoneer, Taboola, WalkMe, SimilarWeb, Riskified, ironSource and Gong.io complete the top 10 according to EquityBee. Read more
Israel’s Sight Diagnostics to install its blood diagnostics devices in UAE and Saudi Arabia. The company announced a distribution partnership with Phoenix Capital which owns medical centers in the UAE. Read more
Employer Branding | Salesforce shares its four core values for its employer branding culture. When discussing employer branding, Salesforce’s Nili Gur discusses the key aspects that help attract Israeli talent to the global workforce. Read more
Israel’s Cybereason uncovers Middle East malware attack via Facebook and Dropbox. The cybersecurity company discovered three variants that leverage social media and cloud platforms to control devices and steal data. Read more
Israel’s aMoon fund saw a 15-fold return on its investment in Seer.
aMoon invested in the U.S. biomed company when it was valued at $228
million- after a Nasdaq IPO, its value ballooned to $3.5 billion. Read more
myInterview raises $5 million in seed to focus on ‘people, not paper’
during the hiring process. myInterview has seen a 500% increase in Annual Recurring Revenue since 2019, due to Covid-19. Read more
Mind The Tech TLV | “5G, Fintech, Greentech, and Healthtech companies will set the agenda in 2021.” Speaking with Calcalist’s Sophie Shulman, UBS’s Head of Global Asset Allocation Mark Andersen discusses how more traditional sectors can catch up with the acceleration created by Covid-19. Watch full video
MTT TLV | Tsunami of Israeli tech IPOs is coming, says Viola Growth partner. “Six years ago the total value of Israeli tech IPOs was at $2 billion and this year we are already at $9 billion,” said Natalie Refuah. Read more
MTT TLV | “Some companies had to totally reinvent themselves amid the pandemic,” says WalkMe founder. Rafael Sweary said he’s concerned about the long-term economic impact of Covid-19, but remains optimistic, saying “we’ve overcome far worse.” Read more
eToro joins Israeli unicorn club by tripling valuation in two years to reach $2.5 billion. The spike in valuation was confirmed following the recent purchase of shares in the secondary market by a U.S. institutional investor at a sum of at least $50 million. Read more
Salt Security raises $30 million series B round led by Sequoia Capital. “We are on course to build a giant company, with our next milestone being to reach unicorn status in the next two or three years,” says CEO. Read more
E-commerce giant Global-e is on its way to a NASDAQ IPO. Company plans to raise an additional $300-$400 million, at a $1-$1.5 billion valuation; offering is planned for second quarter of 2021. Read more
Israeli startup Orca raises $55 million with goal to become global cloud security leader. The company aims to strengthen its position in the cloud security industry with its touchless and context-aware software for detecting malware and vulnerabilities and protecting assets on cloud platforms. Read more
Israel’s At-Bay raises $34 million for cyber insurance. “The significant raise we completed this year allows us to deepen our risk and security monitoring services,” says the company’s CRO. Read more
SeeTree completes $30 million series B to expand tree intelligence service. “Our vision is to enable the ‘Tree-Farming 4.0 Revolution’
with the Intelligence-per-Tree that we provide,” says CEO. Read more
Zurich Capital Funds Holding Group signs deal with Israel-based Levent for UAE banks. The deal, which will last five years, is set to total around $50 million. Read more
AppsFlyer: Dealing with Covid-19 ‘goes far beyond tools and technology’. Many companies had to build sudden remote workspaces and fix their digital infrastructure. For AppsFlyer, Covid-19 meant far more than that. Read more
Opinion | What are you rushing to Dubai for? Have you read the fine print? Some words of warning for Israelis seeking to do business in the UAE. Read more
Quantum SPARK completes first cohort with five graduating startups. Each startup launched Proof of Concepts with the program’s corporate partners. Read more
Sports Tech Nation Summit brings together global sports leaders to promote tech innovation. Former cyclist Lance Armstrong among more than 70 speakers participating in the three-day online event. Read more
Opinion | Shirbit’s crisis is a reminder for organizations of the importance of transparency and honesty. “The rules of the game have changed dramatically over the past decade. This is a lesson learned by companies that tried to hide information, faults and unfit products,” writes Meital Levi Tal. Read more
Mind The Tech TLV | UBS has its eyes on Israeli tech says head of the bank’s AI Center of Excellence. Speaking at Calcalist’s Mind The Tech TLV, UBS’ Annika Schroeder talks about her unique position at the company. Watch full video
MTT TLV | “Coronavirus has increased awareness for fiber optic-based internet,” says Partner CEO. The pandemic has raised the need for high-speed internet, says Israeli mobile phone company CEO. Read more
MTT TLV | “Business owners realized that they must develop their online sales, otherwise they will become irrelevant.” PayPal’s Efi Dahan said companies who didn’t make the transition to online shopping had a hard time surviving the Covid-19 era. Read more
MTT TLV | After initial Covid-19 shock, video creation company Kaltura registers record year, says CEO. A surge in usage by education establishments and online events resulted in 100% growth for Kaltura in the second and third quarters. Read more
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