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CTECH – Israel’s Latest Technology and Innovation News

 

Israeli tech startups raise a record $5.37 billion in first quarter of 2021. The total sum raised in the quarter increased by 89% compared to the fourth quarter of last year and was double that raised in Q1 of 2020. Read more

Israeli chipmaker Valens heading to billion-dollar SPAC. The Hod Hasharon-headquartered company is in advanced talks to go public in the U.S. and has hired Bank of America to lead the offering. Read more

Israeli medical device company Memic raises $96 million to expand surgical robotic solution. The funding is set to primarily support commercialization of the Hominis surgical robot in the U.S. following FDA De Novo marketing authorization. Read more

DoControl launches with $13.35 million in funding to automate SaaS data access. The company helps enterprises prevent data breaches on SaaS applications with no impact on the business. Read more

HR Post Covid | Redis Labs: From hiring freeze to Unicorn status, all in a pandemic year. After briefly pausing its recruitment efforts last year, the open-source database provider came back swinging after a massive funding round. Read more

New UAE Ambassador to Israel and Start-Up Nation Central launch joint task-force. The Ambassador visited SNC headquarters and the parties agreed to further advance the collaboration between the nations focused on innovation and entrepreneurship. Read more

Anima plays therapist to the ‘love/hate’ relationship of designers and developers. Its tool takes designs and automatically converts them into code – saving time and money for organizations. Read more

Expect cyberattacks to up the ante says head of NSO Group.
“Cyberattacks are something we will see more and more of over the coming period. It won’t end, not even when the world emerges from the pandemic and returns to routine,” Shalev Hulio tells Calcalist at Cybernation conference. Read more

U.S.-Israel Energy Center announces winner of $6m funding for cybersecurity solutions in energy sector. The selected consortium, which included a number of American and Israeli companies and universities, will receive a total of $6 million, taking Center’s total investment to $67.2 million. Read more

Appointments | Apiiro appoints new CRO to accelerate growth and expand global sales. The Israeli software company, which designs a code-risk platform, appointed David French as Chief Revenue Officer to enter its next stage of growth. Read more

 

 

Israeli Instagram starlets are raking in cash from provocative OnlyFans accounts. Hod Moshonov, who manages models’ accounts, says his phone is constantly ringing, calls it a femenist business, and credits Covid-19 for the spike in the site’s use. Read more

Talon Cyber Security raises $26 million seed round for distributed workforce solution. Israeli startup is aiming to protect companies from the unique threats emerging in today’s era of distributed work. Read more

The race is on to bring ‘Red Gold’ to Israelis. Saffron is considered the most valuable material in the world. This company intends to grow it themselves. Read more

Billionaire Len Blavatnik investing in Israeli-founded gaming startup Tripledot. Blavatnik’s Access Industries leads $78 million series A round with Eldridge and Lightspeed at a company valuation of close to $500 million. Read more

Survey: Cybersecurity executives see increase in attempted credential theft. The survey, conducted by CyberArk, found that the most at-risk group facing the highest number of increased attacks are end-users, or those business users with access to sensitive data. Read more

Big winners from Cellebrite’s exit: Leumi, Clal and Discount bank investment arms. Leumi Partner and Clal Insurance’s investment arm will earn $40 million from Cellebrite’s offering at a $2.4 billion valuation, and $35 million from their investments in the IGP Fund. Discount Capital will directly earn $30 million and $20 million from its investment in IGP. Read more

For Israeli OkCupid daters, climate change is a HOT issue. The doom and gloom of a destroyed planet is helping people find love. Read more

What does the hybrid employment model look like? As Israel goes back to a post-Covid normal, companies must determine how much time employees will spend in the office. Read more

Opinion | Programmers breathe easier after Google defeats Oracle in decade-long copyright battle. Many software and app developers supported Google in the case, emphasizing that some level of permissible use of proprietary software interfaces is necessary to create new computer products, writes Daniel Melman. Read more

 

 

Cellebrite to go public through a SPAC merger at a $2.4 billion valuation. The Israeli digital intelligence company is set to merge with Nasdaq listed TWC Tech Holdings Corp II. Read more

TipRanks announces $77 million investment round to support retail investor boom. Israeli-based fintech company provides a simplified stock research platform that makes alternative datasets accessible and visual for retail investors. Read more

Analysis | $1 billion in a single day – Israeli tech sets new investment record. Around $500 million didn’t go into company accounts, but rather to those of investors, employees, and executives via secondary deals. Read more

Battling online Holocaust denial and anti-Semitism is a year-round job. Social Media platforms have long been criticized for allowing, and sometimes encouraging, anti-Semitic posts. Meet the folks trying to hold them accountable. Read more

Israel Innovation Authority signs MoU with Stellantis. Its aim is to establish and enhance cooperation in technological innovation worldwide. Read more

Opinion | The government must not let the recent tech bonanza go to waste. With the market at a boiling point, the next government has to act quickly so that all Israelis can share the wealth. Read more

HR Post Covid | When given the choice, 70% of Asperii returned to the office after Covid-19. The company gave its employees the freedom to choose where they worked from – and received unexpected results. Read more

Forter joins the Adobe Exchange Partner program as an Accelerate partner. Forter has processed more than $200 billion in online transactions and protects almost one billion users from fraud. Read more

Israeli telco Bezeq fined over $2 million for misleading consumers about internet speeds. Consumer Protection and Fair Trade Authority found Bezeq guilty of providing customers internet service at speeds significantly lower than they had been promised. Read more

 

 

EMK Capital to acquire Cardo Systems for $150 million from Fortissimo Capital and company founder. Fortissimo Capital will net almost $100 million from the sale of its stake, while founder and chairman Dr. Abraham Glezerman will receive $45 million for his shares. Read more

Israeli startup Empathy raises $13 million seed round to launch app for minimizing burdens after losing a loved one. Combining financial technology and human support, Empathy is launching its app for users across the U.S., guiding families through the logistical and emotional complexities experienced with loss. Read more

Upsolver raises $25 million for big-data processing software. The Israeli startup has developed a platform that processes large-scale data on the cloud and plans to use the funds to expand its Israeli R&D team. Read more

Fyllo raises $30 million to expand digital marketing and compliance solutions beyond cannabis industry. Some 60% of the funds raised in the Series B came from outside of the cannabis sector, validating the Israeli company’s potential to scale beyond the endemic market. Read more

Lightrun launches free debugger for developer-native observability.
Lightrun Cloud gives Java community the power of “shift left” observability into running production code, simplifying debugging with a simple IDE plugin and native CLI. Read more

Radiology Partners and Aidoc to use AI technology in radiology scans. The partnership will rely on Israeli artificial intelligence technology tools in radiology imaging, shortening assessment time, saving lives. Read more

Israeli startup MyHomeDoc receives FDA approval for smartphone-based telemedicine. The MyHomeDoc device is capable of testing the most common vital signs for primary medical care and all from a smartphone. Read more

Israel’s Ayalon Insurance Company integrates next-gen 911 system Carbyne into its systems. Representatives can now video call customers who recently suffered an incident and can immediately offer support and review damage. Read more

Aporia comes out of stealth, announces $5 million funding to ensure AI integrity. The Israeli startup’s monitoring platform helps data scientists create their own monitors for machine learning models. Read more

Israeli fintech startup COTI announced as first beneficiary of Cardano’s cFund. The Cardano ecosystem venture fund is set to provide the Israeli company with around $500,000 to develop its enterprise-grade fintech solutions. Read more

Appointments | eToro appoints Dr. Hedva Ber as Deputy CEO and Global COO. Ber, who previously served as Israel’s Supervisor of Banks, will lead eToro’s operational infrastructure, corporate governance, and compliance, as well as its regulatory affairs, legal, risk management and social responsibility sectors. Read more

Appointments | Andy Ellis named Operating Partner at YL Ventures.
Former U.S. Air Force officer, MIT graduate, and respected cybersecurity leader will bring decades of experience to venture partner firm and help Israeli startups navigate their strategic plans. Read more