CTECH – Israel’s Latest Technology and Innovation News
Who are Israel’s most in-demand online freelancers? According to analysis conducted by Fiverr, the most in-demand online services were mainly related to digital transformation. Read more
Affogata raises $5.5 million seed funding to expand customer intelligence platform. The Israeli startup’s AI-driven technology provides brands with expansive data related to their brand and competitors from across the web, online forums, and internal data sources in real-time. Read more
Pairzon aims to ‘pair’ your online identity with stores and retailers.
Retails and brands often struggle to link between shoppers – even if they’re the same person. Read more
WeWork announces franchise agreement with Ampa Group for WeWork Israel. The American flexible office space provider will grant the Ampa Group the rights to operate its offices in Israel. Read more
Keter Group and UBQ Materials partner to bring sustainable garden goods. The Israeli partnership will help Keter reach its sustainability goal incorporated in its products. Read more
Israel’s Qualitest completes its third acquisition of 2021 with Olenick & Associates. The deal follows its QA Infotech acquisition in February and its purchase of Comply earlier this month. Read more
Obie wins ‘Startup of the Year’ competition by Mediterranean Towers Fund. The game, made by Eyeclick, offers an interactive console for those of advanced age. Read more
Eugene Kandel leaves role as Start-Up Nation Central CEO to launch organization’s new research and policy institute. Kandel to become Co-Chairman of the new institute, which will be led by CEO Uri Gabai and co-chaired by philanthropist Paul Singer. Read more
Covid-19 led to the Israeli tech sector’s rapid maturation. A good mix of tech specialization and more patient board rooms is seeing Israel transition out of its startup nation phase. Read more
Opinion | Developer-led startups are reinventing the B2B sales module. Companies that are headed by developers are dominant figures in the tech ecosystem since they adequately understand customer needs. Read more
7 reasons why Israel has become an assembly line for tech unicorns.
The stars aligned perfectly for the local tech sector over the past year, sparking a baby boom of billion-dollar companies. Read more
“We made baby boomers, for the first time, into content creators.”
Zoog’s platform turns children’s stories into social videobooks, transcending generations in a post-Covid world. Read more
Siraj Technologies is lighting the way forward for Israeli Bedouin high tech integration. The startup, led by two Israeli-Bedouin entrepreneurs, works to streamline onboarding Internet of Things (IoT) edge devices to cloud platforms by relying on AI and deep learning algorithms. Read more
Fintech Fued: Israeli banks trade allegations of data theft and intimidation practices. Bank Leumi accuses its former executive of stealing confidential info and handing it to his new employer, the Digital Bank. Read more
What is it really like to work with the NBA? Very challenging, but a dream come true, according to Daniel Shichman, CEO of Israeli company WSC Sports, which provides a proprietary AI technology platform that automates the creation of short-form sports content. Read more
Fintech company Credit24 going public on TASE at a NIS 160 million valuation. The company will try to raise NIS 40-50 million in May, since its current credit portfolio of NIS 20 million is insufficient to process the credit requests it receives. Read more
Elta Systems to manufacture new combat vehicles for the IDF and foreign militaries. The ZMAG is capable of transporting up to 2.5 tons of equipment over extremely harsh terrain. Read more
Move over Amazon, the Israeli military is equipping its warehouses with artificial intelligence. The IDF will build three logistic centers costing $1.7 billion, integrating new technologies that will become available to civilian companies. Read more
Elbit seals $1.65 billion deal with Greek air force. The Israeli company, under contract by the Ministry of Defense, will build and operate a flight training center, provide Greece with 10 M-346 Italian aircraft, and upgrade existing aircraft. Read more
Israelis to receive their Teslas earlier than expected and they will be made in China. Buyers received notices that their cars may be delivered a month sooner than they thought; Chinese Model 3 vehicles feature new Lithium-iron batteries. Read more
Jewish immigrants share their journeys home to Israel. On Israel’s Independence Day, six immigrants from around the world shared what makes the country so special for them. Read more
The 50 Most Promising Israeli Startups – 2021
We look beyond the blinding valuations to choose the companies that not only survived the Covid-19 crisis but thrived and are now best positioned for future success. Read more
Minute Media gave fans their content fix during sports’ darkest days.
Covid-19 saw a surge of new users flock to the company’s platforms, which are redefining the meaning of fan engagement. Read more
“You need a lot of willpower to reject the money being pushed on you these days.” Mickey Boodaei, the founder of Transmit Security, wants to take the burden of security off of mobile users’ hands. Read more
Verbit’s technology leaves it alone at the top of the transcription world. “I identified the problem in 2011, found the solution in 2016, and today we are leading the market,” says CEO Tom Livne, whose company was ranked third on Calcalist’s list of the 50 most promising Israeli startups. Read more
7 lessons from reaching a $1.7 billion valuation in just one year. One year after its founding, cybersecurity startup Wiz turned into a unicorn faster than any other cyber company in the world. Assaf Rappaport, one of the company’s founders, offers seven lessons from the rollercoaster journey. Read more
Your company raises billions via a SPAC – now what? Three months after Otonomo became a Unicorn company via a SPAC, CEO Ben Volkow joined CTech to share some insights and lessons. Read more
Israeli tech employees cash in over $2 billion in Q1 secondary deals.
According to several recently signed mergers between Israeli tech companies and SPAC firms traded on U.S. markets, an additional sum of $2.7 billion is soon set to reach the accounts of a group of Israeli employees and entrepreneurs. Read more
Intel Ignite launches 4th cohort in Tel Aviv, celebrates $200 million in funding in 2020. One year after the startup program moved online, Ignite will also launch in Munich, Germany. Read more
Nvidia unveils next-generation processor developed in Israel. The
BlueField-3 DPU was unveiled at the GTU Technology Conference 2021 on Monday and features a central processor equipped for managing ARM-based data centers. Read more
From startup stardom to jail: former-Meetey CEO gets 38-month jail sentence for falsifying app data and defrauding investors. Tomer Yosef, who raised NIS 10 million for his social media app, was convicted in a plea bargain of fraud and theft offenses, using the cash, among other things, to buy a Manhattan apartment. Read more
REE Automotive partnering with Magna to build customized electric vehicles. The strategic collaboration will explore the combination of the REEcornerTM technology with Magna’s vehicle systems integration expertise and manufacturing capabilities. Read more
Abu Dhabi Investment Office officially launches in Israel. Prior to the launch event, ADIO Israel held a series of virtual meetings between senior executives and entrepreneurs in the Health Services and Biopharma sector from both markets over the course of four days. Read more
Opinion | The pandemic holds many opportunities for women in cloud-tech. Women’s representation in technological positions is relatively low, but is even lower in cloud computing. “Women in the Clouds” platform encourages other women to join a relatively new but booming field. Read more
