CTECH

CTECH – Israel’s Latest Technology and Innovation News

CTECH – Israel’s Latest Technology and Innovation News

U.K. anti-monopoly watchdog puts the brakes on Taboola-Outbrain merger. Newly published document finds that the deal requires further inquiry, but can the sides step back now? Read more

Workplace morale booster Thriver raises $33 million in series B funding round led by Viola Growth. Thriver, formerly Platterz, develops a technological platform that assists companies in improving and strengthening their organizational culture. Read more

DiplomaTech | Bon Apetit: Ambassador says France has a large appetite for gourmet Israeli tech. Ambassador of France to Israel Eric Danon says there is much admiration in France towards the Israeli innovation ecosystem. Read more

Ok, Google: Tell me about Israel’s voice recognition technology.
Startup Nation is one of the biggest hubs for voice recognition technology – and different solutions make the possibilities endless. Read more

McAfee reports severe security flaws in Israeli personal assistant robot Temi.
The security company informed Temi of the vulnerabilities in March and the company has since successfully patched its software. Read more

Aleph leads $5 million seed round in smart procurement platform Approve.
The company developed technology that provides full support for the enterprise procurement process, from the initial purchase request to the final payment to the supplier. Read more

Gett to expand U.K. presence signing new partnership with Ola ride-sharing platform. The company’s SaaS solution for the business sector enables the company’s business clients to enjoy access to a wide range of automotive services worldwide through strategic partnerships with leading companies. Read more

Lawsuit claims Harman dodged millions of dollars in payments after
2016 TowerSec acquisition.
Sellers’ representative says Harman misled customers by marketing an architectural solution that they knew lacked substance. Read more

SAP.iO Accelerator Program, E.ON, and IEC partner to find startups in the utilities space. The combined reach and know-how of both companies will bring huge benefit to startups who are ready to scale with international companies, says head of E.ON Israel. Read moreInterview | The tables have turned, investors are back on top, says Israeli tech angel.With early-stage startups reeling due to the Covid-19 crisis, Liron Rose says investors can afford to be more selective in their search for the next big thing. Read more

Survey: Digital banking and payments on the rise as Israelis flock online during pandemic.
Around 80% of the 808 people surveyed said that they use digital banking services, with an additional 8% only beginning to do so since the arrival of Covid-19. Read more

Zencity raises $13.5 million to expand city management platform beyond U.S. and Israel.
Covid-19 outbreak and U.S. social justice protests see the use of the company’s services by local authorities spike. Read moreInterview | “The engineer you think you know is obsolete, it’s time for a new prototype.” Afeka College of Engineering president Prof. Ami Moyal is on a mission to reshape the engineers of the 21st century. Read moreThere’s data in them hills: Bynet is building one of Israel’s largest server farms under Jerusalem. Major companies and organizations are investing millions in new data centers. Ynet visited the underground fortress that is set to launch activities in several weeks. Read more

Voice recognition company Voiceitt raises $10 million in series A.
The app, which can be downloaded on any smart device, helps millions of people with severe speech impediments. Read more

 

 

Better SAFE than sorry? New investing mechanism is taking Israeli startups by storm. A SAFE provides rights to the investor for future equity in the company, but specific price per share is not determined at the time of the initial investment, with the investor only receiving the futures shares when a funding round occurs. Read more

E-commerce marketing platform Yotpo completes $75 million financing round. Despite Covid-19, Israel-based company managed to raise $25 million more than it planned. Read more

Yes, robots are coming for human jobs, confirms Israeli manufacturer. Ran Poliakine speaks with CTech about his dream of ‘liberating’ employees who are stuck in jobs that could be done by machines. Read more

Covid-19 puts autonomous vehicle vision on hold. The outbreak of coronavirus has caused most big car manufacturers to desert autonomous vehicle projects, a decision that will postpone the realization of the vision for at least several years. Read more

U.S. version of Iron Dome air defense system nears realization following Raytheon, Rafael deal. The new partnership, called Raytheon RAFAEL Area Protection Systems, will take place in the U.S. and will produce both the Iron Dome Weapon System, which consists of the Tamir interceptor and launcher, and the SkyHunter missile, a U.S. derivative of Tamir. Read more

Opinion | How Covid-19 is revolutionizing the workplace and pushing innovation forward. In many ways, Covid-19 has been a positive engine for innovation and change as entire industries were forced to re-evaluate what they have in place and how they could do better. Read more

Israeli cyber company Silverfort completes $30 million round led by Aspect Ventures. “The funds that invested realized that the pandemic forced many organizations to shift to a work from home model and to do that, you need to be able to validate the remote access of workers,” said the company’s CEO. Read more

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Facebook wants to lure startups in, says B2B marketing manager.
Jonathan Nimrodi, manager of Facebook’s EMEA B2B marketing team, believes the social media giant can offer startups a pain-free way to digitize their business model, especially in the Covid-19 era. Read more

Israeli army examining purchase of wearable anti-drone device. The system, priced at $50,000, is developed by Israeli startup SKYLOCK and has already been sold to the U.S. Army and NATO forces. Read moreExclusive | Robot-maker Temi is downsizing its Israel team, moving operations to China.The personal robot manufacturer said it is shifting its base of operations to meet business goals in Asia. Read moreMeetup security failings left users vulnerable to money and data loss, says Checkmarx report.

Series of flaws at community-building events platform left it vulnerable to injection of malicious scripts. Read moreIsraeli startup Rise.ai partners with Google to help businesses offer digital gift cards.

Due to the coronavirus (Covid-19) pandemic, small businesses without an e-commerce presence were twice as likely to close operations. Read moreLogz.io becomes a partner at Unity Technologies Verified Solutions.

The partnership allows the Israel-based company to enhance monitoring and performance for game developers. Read moreIsrael joining 5G revolution with launch of deployment tender.

The winners will be required to complete the deployment within five years and begin providing 5G services within 18 months of the start of the process. Read more“Stop handing out money and start encouraging use of e-commerce technology.” Michael Eisenberg, managing partner at VC firm Aleph, urges Israel to give its citizens e-commerce vouchers for online shopping that guarantees purchase on the web and fast home delivery. Read more

Opinion | How voice-activated services can revolutionize the workplace.
The past few months have advanced the way we work a decade into the future and voice assistants, from Amazon’s Alexa to Microsoft’s Cortana, are stepping in to help employers keep their workers in sync while minimizing potentially infectious physical contact. Read more

Energy ministry urges Israeli cities to prepare for a massive influx of electric cars. A document sent to municipalities instructs them to ensure they have sufficient charging stations since they forecast half of all cars sold in 2030 will be electric. Read more

Appointments | Guy Vardi and Yaniv Amzaleg appointed co-CEOs of Teddy Sagi’s Globe Invest. Businessman Teddy Sagi has announced that not one, but two, people will co-CEO the position at his investment group. Read more

Appointments | Omer Levy Appointed CFO of Binah.ai.
Levy will be managing the MedTech startup’s finances following his role as CFO and COO at RadView. Read more

Appointments | Tel Aviv-based equity firm Catalyst appoints Lisya Bahar-Manoah as partner. Before joining Catalyst, Bahar-Manoah held senior management positions at Israeli plastic products company Keter and pesticide manufacturer Adama. Read more

 

 

DiplomaTech | Trade attaché to Shenzhen urges Israeli tech companies to be part of China’s own Silicon Valley. “Israel has an image of an innovation nation, but you still need to know how to utilize that and translate it into actual partnerships,” says Shirly Coifman. Read more

Place your bets: Which company will reach a Covid-19 vaccine first?
Moderna may be creating all the buzz, but it is the youngest and least experienced of the contestants, playing an all or nothing game. Read more

Will Nanox be the next Israeli hit on Nasdaq?
Medical imaging company plans to raise $125 million. The valuation of the company is estimated to be at least $600 million. Read more

New fund backed by tech execs to donate government Covid-19 aid packages to Israelis in need. The Israeli government recently approved a one-time grant that will be paid to each citizen directly, regardless of their financial situation. Read more

Ecoplant raises $8 million in series A funding to reduce factories’
energy use across the U.S. The funding news comes alongside a partnership with Atlas Machines, expanding IoT and AI-powered systems to factories across the Midwest. Read more

Opinion | Without room for greys, the global infodemic spreads faster than Covid-19. As opposing opinions on any subject, including the pandemic, are pitted against each other in a zero-sum death match, can the common citizenry correctly distinguish between true and unverified health-related information? Read more

DiplomaTech | It is time to mess with Texas, urges Israel’s Houston trade rep. Despite the potential cultural stumbling block, Shay Luvshis believes Israeli startups and companies shouldn’t miss out on the chance to do business in the Lone Star State. Read more

Opinion | Warning: Governments may get hooked on helicopter money. The coronavirus crisis has led Israel, the U.S., and many other nations to hand citizens cash with no strings attached. Not only is this practice contrary to common economic wisdom, but it can also prove highly addictive. Read more

Where FoodTech meets the plate: The 11 finalists of Calcalist’s Food Innovation Contest.
From fruit-picking robots to food waste reduction AI, these companies are at the cutting edge of solutions the world is starving for. Read more

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