CTECH: Israel’s Latest Innovation and Technology News
The “Great Resignation” is rocking Israel’s jobs market. For many of
the local workforce, the global pandemic served as a chance to reevaluate their lives and careers, so who are the Israelis who chose to quit their jobs in a time of crisis? Read more
Israeli Innovation Authority hoping to reduce tech talent shortage
with new Human Capital Fund. The call for proposals, announced on Sunday, is focusing on the training of underrepresented members of the population. Read more
“ESG Investments aren’t just ethical, they’re helping make the world a better place.” Hanaco Ventures invests in companies that remain committed to improving environmental, social, and governmental standards, which it claims also yield better financial gains. Read more
TailorMed’s uphill challenge to reform American healthcare. It may be the land of the free, but Americans’ dizzying healthcare costs are preventing adequate treatment. Read more
Entrée Capital invests around $15 million in UAE startups. Over the
past year, the fund invested in four startups that solve problems in the fields of insurtech (Hala), fintech (Tarabut), and two additional companies that have yet to be revealed. Read more
Avnon Group strengthens position in drone market with $7.75 million
acquisition of ALTI. Group company iSTAR is acquiring South Africa’s ALTI, a UAV manufacturer specializing in drones that take off and land vertically. Read more
NEXUS Automotive CEO: Innovation is in the blood of Israelis. Gael
Escribe is impressed with the Israeli ecosystem, which explains why the group he leads co-founded Mobilion, a local VC investing in the automotive industry headed by Avi Feldman. Read more
Opinion | Hurricane season ramps up with consequences for business
leaders. “Automated weather insights can help you make decisions, streamline communications, increase efficiency, reduce costs, and maximize revenue,” writes Itay Zlotnik of Tomorrow.io. Read more
Palo Alto’s new focus on profitability is bad news for Israeli startups. The cyber giant spent over $3 billion on acquisitions in three years, which shot up its valuation. However, as it aims to increase profits, Israeli companies which hoped to be bought are likely going to have to wait. Read more
Big Brother is coming for your data: The Bank of Israel demands to
know what you’re buying. The Bank is asking credit card companies and banks to provide them with consumer buyer behavior over the past five years, which will assist the Bank in determining economic policy. Read more
Report: High-tech openings rise by 300% as hybrid-working models
cemented. OurCrowd High-Tech Jobs Index shows growing demand for tech employees, with software engineers and business development professionals being the most desirable. Read more
Hippo opens innovation center in Israel. The insurtech company
appointed Shahaf Shakuf to head the new venture, which will serve as Hippo’s first international office. Read more
Bright Food independently promoting Tnuva’s IPO after rejecting Saban approach. Haim Gavrieli, chair and representative of the Chinese majority shareholders, discussed the IPO with issuance consultants over the past few weeks, most of them from foreign banks, in order to mobilize overseas investors. Read more
SavorEat partners with Sodexo to commercialize its robot chef at U.S
universities. By deploying at universities, the company can easily reach its target audience of 20-30-year-olds. Read more
Apple (Music) and Honey: listeners get a glimpse into Israeli music
this holiday season. Exclusive playlists created by Apple and local talent will include some of the biggest hits this year. Read more
Opinion | First year of open economic relations between Israel and UAE provides promising signs of things to come. “The tremendous growth in the business relations between the two countries gives us a perspective about the potential that is still not fully fulfilled,” writes Yitzhak Gal of YOKWE. Read more
Landa Digital Printing heading for Nasdaq SPAC merger at $2 billion
valuation. The nanographic printing company has hired Bank of America and has been negotiating a potential merger with a SPAC over recent months. Read more
Fintech company Balance nets $25 million Series A from high-profile
lineup. The Israeli company’s funding round was led by Robinhood and Next Insurance investor Ribbit Capital. Read more
Perimeter 81 chosen as top five leading company in Zero-Trust Network Access. The Forrester research firm named the Israeli cybersecurity startup as leader in the field with the likes of Palo Alto, Appgate, Zscaler and VMware. Read more
Antidote Health raises $12 million seed round to set up virtual HMO in the U.S. The Israeli telehealth provider is aiming to provide uninsured and underinsured Americans with a virtual HMO via AI. Read more
GoTo is spearheading the future of shared mobility. Commuters require multiple forms of transportation, and GoTo is addressing this need with its inclusive multimodal transportation app. Read more
Sayata raises $17 million for a marketplace for the insurance industry. The Israeli insurtech company is planning to double its workforce in the next year. Asaf Lifshitz the CEO said that “the market has responded excellently to our solution.” Read more
CorNeat Vision raises $4 million from Israeli-Chinese GIBF fund. The
Israeli medtech startup has developed a synthetic cornea that operates by inserting artificial optics under the membrane that covers the white of the eyes. Read more
Appointments | Eko appoints Elad Goldenberg as General Manager of its e-commerce division. Goldenberg previously managed eBay’s commercial operations in Israel and co-founded Reptile, another e-commerce startup whose operations will be integrated into eko. Read more
CTalk | Bright Data: “Basketball is a data sport.” Speaking with CTech ahead of a friendly sports game, Managing Director for North America at Bright Data, Omri Orgad, talks about the significance of data all around us. Read more
Vehicle cybersecurity startup Upstream completes $62 million Series C. The Israeli company has developed a cloud platform for automotive cybersecurity and data analytics for connected vehicles and counts some of the world’s leading automotive OEMs as clients. Read more
GoTo is spearheading the future of shared mobility. Commuters require multiple forms of transportation, and GoTo is addressing this need with its inclusive multimodal transportation app. Read more
Report: Bahrain used NSO’s Pegasus spyware against regime opponents. The report from Citizen Lab maintains that the spyware was found on the smartphones of nine activists, five of which appeared on a list of 50,000 numbers of interest to NSO clients. Read more
GM’s Technical Center is taking over an eight-story building in
Herzliya. Calcalist has learned that the auto giant will pay NIS 300 million to make the building its own for ten years. Gil Golan, the center’s executive director: We need a lot more space. Read more
Cyber company Hunters bags $30 million Series B. The new round puts the company over $50 million raised so far. Hunters is expected to add dozens of new employees in the next year. Read more
DiA Imaging Analysis adds $14 million in funding for its AI ultrasound solution. The company also welcomes Dr. Diku Mandavia who has joined its Board of Directors. Read more
Veego raises $13 million Series A to help connected smart homes with actionable insights. Veego’s platform optimizes the internet user experience in connected homes by continuously measuring user engagements with web-based devices and services. Read more
Empathy partners with New York Life to provide support for families
after the loss of a loved one. The app is now available to help guide customers of the U.S.’s largest life insurer company, helping them navigate complexities experienced with loss by offering logistics, emotional support. Read more
Smart Agro signs cooperation agreement with the European Circular
Bioeconomy Fund. As part of the cooperation, the parties intend to
locate possible collaborations and provide access to information about startups in agritech, as well as inviting one another to participate in funding rounds. Read more
CTalk | For JoyTunes, basketball is music to their ears. Speaking
ahead of a friendly basketball game, JoyTunes talks about the importance of play. Read more
CTalk | IAI: “We do real stuff which keeps Israel and the world safer.” On the brink of beating eBay at a game of basketball, IAI spoke to CTech about its place in the world. Read more
Search giant Elastic establishing R&D center in Israel. Elastic, which
has a $14 billion market cap, recently acquired Israeli company build.security which will serve as the base for the new center. Read more
Palta’s mission to redesign Israel’s paralympic uniforms to each athlete’s needs. In a collaboration with The Ruderman Family Foundation, the company designed the Israeli team’s official uniform for the Paralympic Games in Tokyo. Read more
U.S. pressuring PM Bennett to ban Chinese company from light-rail
project. According to government sources, the CIA chief brought up concerns about China’s CRCC with the Israeli Premier two weeks ago. Read more
Employee engagement platform Eloops raises $2 million in Seed. Eloops builds a sense of community and rewards peer-to-peer recognition in the form of a virtual currency to be spent in a marketplace. Read more
IoT company Commit acquiring ITSOFT for NIS 10 million in all-Israeli deal. Commit offers end-to-end development services through its software and Internet of Things platforms. Read more
Global-e signs NIS 40 million deal to lease five floors in Petach
Tikva. The fintech company, which went public on the Nasdaq in May, will lease 7,000 square meters of office space in the Ofer East Park in Petach Tikva for the next five years. Global-e is expected to enter the property during the second quarter of 2022. Read more
CTalk | How does HoneyBook tackle its employee wellbeing? HoneyBook’s Dror Shimoni discusses how the company helps employees remain social and healthy in the Covid era. Watch full interview
Israeli SMBs flocked to eBay during Covid lockdowns. Speaking during a basketball game between tech companies, eBay’s Miki Sokolovsky shares some eCommerce insights from the last year. Watch full interview
