CTECH: Israel’s Latest Innovation and Technology News
Melio triples valuation to $4 billion, raises $250 million in Series
D. “Our monthly processing volumes grew by 5,000% over the last 18 months and that is also an unfathomable figure for us,” said CEO Matan Bar. Read more
Cyber company Satori secures $20 million in Series A round. The
Israeli company’s fundraising round was led by B Capital Group and Evolution Equity Partners. Satori CTO: We empower data teams to roll out self-service access. Read more
Cybersecurity startup Neosec comes out of stealth with $15 million
Series A. The Israeli company attracted investments from security visionaries Mickey Boodaei, Rakesh Loonkar, Mark Anderson, Gary Fish, and Shailesh Rao. Read more
Customer management platform EverAfter secures $13 million in Seed round. The Israeli startup’s clients include leading SaaS companies like Taboola, AppsFlyer, and Verbit. Read more
Smart construction startup Versatile closes $80 million Series B. The
Israeli company’s leading product, CraneView, analyzes thousands of data points to deliver insights on jobsite performance to streamline decision-making. Read more
Should Israeli companies move overseas? More companies are moving to Europe and the U.S to conquer larger markets – CTech searched for some of the best ways to do it. Read more
Life insurance platform Sproutt raises $26 million to reward ‘hidden
healthy’ behaviors. Sproutt has a Quality of Life Index that assesses behavior associated with healthy living – such as nutrition, sleep, mental health, and more. Read more
Analysis | No longer a damsel in distress: Israeli startups have
transformed from sellers to buyers. The total sum in 15 M&A deals involving Israeli companies over the past three months reached almost $5.5 billion, $3 billion of which was spent by local startups making acquisitions. Read more
Evinced launches accessibility tools for iOS and Android. After the
debut of its digital accessibility platform, the company presents its slew of products dedicated to mobile app accessibility. Read more
Fireblocks opens new Swiss office to expand European operations.
Founding member of Bitcoin Suisse and former Morgan Stanley vice president will co-lead company’s Swiss office as part of expansion to German-speaking countries. Read more
Opinion | Open web data collection will fuel future innovations. “The
future of web data collection is up to those who control it,” Bright Data CTO Ron Kol says about information-driven trends. “Future data collection efforts will need to evolve and grow.” Read more
Israel’s Kape Technologies acquires ExpressVPN for nearly $1 billion.
Operating under the Kape Technologies umbrella, ExpressVPN will continue to operate as an independent service. Read more
Sleep diagnostics company Itamar Medical acquired by ZOLL Medical for $538 million. The deal for the Israeli company that develops solutions to aid in the diagnosis of respiratory sleep disorders represents a premium of 50.2% over the price of its shares on Nasdaq. Read more
Cyber risk ratings startup VisibleRisk to be acquired by BitSight. The
Israeli company, created in a joint venture by Moody’s and venture group Team8, will become a BitSight R&D center. Read more
Be’er Sheva-based cyber company Rezilion secures $30 million Series A. “I do not believe we will ever move to Tel Aviv,” co-founder and CTO Shlomi Boutnaru told Calcalist. “We have been cultivating cyber in Be’er Sheva for many years.” Read more
Insurtech startup Five Sigma raises $12 million Series A. The Israeli
company aims to deliver a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that enable insurance firms to handle customers’ claims better and faster. Read more
JFrog acquires Upswift in all-Israeli deal. The Israeli startup has developed a device management platform for Linux and IoT and JFrog believes it will help it to bridge the gap between current IoT software silos and common DevOps processes. Read more
Israel’s Planck partners with Japanese insurance company Sompo. The partnership will represent the insurtech company’s entrance into the Japanese market. Read more
Eleos Health raises $6 million Seed funding to accelerate clinicians’
decision-making. The Israeli startup’s AI-powered Speech-to-Insights system for clinicians aims to provide more accessible, efficient, personalized and time and cost-effective care. Read more
A Day in a Life | The sports addict developing Minute Media’s
solutions on the run. Hen Mizrahi, a front-end developer at Minute Media, exercises at least five times a week and loves that her company constantly keeps her on her toes. Read more
Amphy’s live online classes will stop you closing the laptop. When
there’s a teacher on the other side, you’ll feel guilty about quitting your yoga session. Read more
Opinion | Best practices in managing mid-size R&D teams. “Beyond the big salary and the amazing perks we see out there today, people want to work in a place that sees them, treats them well, challenges them, and makes sure they constantly learn and advance within a pleasant environment,” writes Nofar Schnider. Read more
“Israeli government should allow tech companies to work 24/7.” Dror Bin, the Chief Executive Officer of the Israel Innovation Authority, promises not to allow politics in his office and calls for new policies for the local industry to thrive. Read more
“It’s like David going up against Goliath. The top three Israeli banks
will change, and we’ll be part of it.” He pledges to pay higher interest on deposits and take lower interest on loans, and is certain that banking’s big bang is right around the corner. Gal Bar Dea, the CEO of First Digital Bank, is counting on people wanting to walk around in “I Love My Bank” T-shirts. Read more
Papaya Global valuation surges to $3.7 billion on back of $250 million Series D. The Israeli company’s valuation has increased by 10x since September 2020. “I believe that this is our final funding round before going public, but in today’s market everything is fluid,” revealed CEO Eynat Guez. Read more
9 Israeli companies helping fight the climate crisis. As the world
battles climate change, these Israeli companies are at the forefront of innovation. Read more
Down, but not out: Parametrix ensuring uptime glitches aren’t
destructive. Israeli startup Parametrix is disrupting the insurance industry with its IT downtime policy, recently expanding into Europe after already entering the U.S. market with certain underwriters at Lloyd’s of London, and partnering with Japanese insurance giant Sompo. Read more
“We are not part of the Israeli cyber clique, which is our strength.”
SentinelOne founder Tomer Weingarten tells Calcalist about his first computer, why not serving at a top tech military unit helped him, and why his company’s market value does not phase him. Read more
Opinion | The behavioral journey from startups to companies. “We’re
not a small startup” and “Look, it’s a startup” are two phrases that cannot be used together. If founders and executives want their organizations to be perceived by the market as serious companies, it’s not just about branding. It’s about reputation. And it starts with behavioral values. Read more
Snyk’s valuation rockets to $8.5 billion following $300 million funding. The Tel Aviv-based cybersecurity company has now raised a total of $770 million and almost doubled its valuation since its last funding round six months ago. Read more
Apax Israel raising $600 million fund. The private equity firm’s second Israeli fund will also focus on local medium-sized companies valued at up to $100 million. Read more
Yotpo secures Shopify partnership, over $30 million investment on road to Nasdaq. Shopify’s platform is home to more than 1.7 million merchants worldwide and Yotpo is aiming to develop first-to-market technologies that help merchants of all sizes stand out in this competitive landscape. Read more
Could Ultra-Orthodox women be the solution Israeli tech is looking
for? Battling the human capital scarcity, the Adva program trains Ultra-Orthodox women as developers and helps them enter the local ecosystem. Read more
Female-founded gaming studio Toya raises $4 million to fuel diverse
growth on Roblox. Drive by DraftKings led the round, which also included Remagine Ventures, early Roblox investor Craig Sherman, and NFL legend Eli Manning. Read more
Gentex acquiring Israeli startup Guardian Optical for $17 million. The core of Guardian’s technology is an infrared-sensitive, high-resolution camera that combines machine vision, depth perception, and micro-vibration detection. Read more
Snappy celebrates the holidays with explosive growth. If your company is giving a gift this holiday season, they’re probably making it Snappy. Read more
Opinion | ESG investing strategies powered by public data –
predicting companies future performance and impacting evaluation. “ESG factors don’t just indicate how much ‘good’ a company does in the world; they are a notable predictor of financial performance,” writes Omri Orgad, North America, Managing Director at Bright Data. Read more
