CTECH

CTECH – Israel’s Latest Technology and Innovation News

CTECH – Israel’s Latest Technology and Innovation News

Israeli tech workers are in for a billion shekel payday. Despite pandemic woes, several thousand veteran tech professionals are seeing nice earnings from secondary stock sales. Read more

Cisco is acquiring Israeli startup Portshift. The acquisition is the second for a Team8 portfolio company following the sale of Sygnia to Temasek in 2018. Read more

Imperva acquires jSonar in Israeli cybersecurity consolidation. The American database security company, which raised $50 million from Goldman Sachs in June, was founded by Israelis Ron Bennatan and Ury Segal who will continue at Imperva. Read more

Five startups chosen for IAI’s Innovation Center accelerated track.
Participation enables selected companies to work with technology leaders and gain access to their customers. Read more

Jerusalem-based Enlivex reports promising results in treating small number of Covid-19 patients. Five patients in severe or critical condition make full recoveries in under 10 days after receiving drug as part of clinical trial. Read more

Relate hopes to become the ‘GitHub for designers’.
Its new tool provides a low-code solution helping designers and developers work side by side on projects. Read more

Employer Branding | Natural Intelligence: Remaining under the radar was all part of a ‘master plan’. Continuing our Employer Branding series, Natural Intelligence’s Yoav Tzuker speaks with CTech about how the company remained under the radar for the first eight years of its history – only then to attract top talent. Read more

Appointments | Ophir Zilbiger appointed leader of BDO’s global cyber activities. The appointment will not impact his current role as Director of the Cyber Protection Center at BDO Israel. Read more

Papaya Global raises $40 million to boost global employment platform. Papaya didn’t reveal the value at which it raised the funds, but it is believed to have more than doubled since its previous round at the end of 2019 and to be in the hundreds of millions of dollars. Read more

BioCatch’s series C increases to $168 million with additional $20 million investment by Barclays, Citi, HSBC and NAB banks. The company also announced the establishment of a new board to develop new ways to leverage and scale the unique attributes of behavior. Read more

Via set to acquire Israeli fleet management company Fleetonomy. It is estimated that Via will integrate Fleetonomy’s vehicle and driver management technology, gaining it a foothold in the logistics and delivery sector. Read more

Israel Aerospace Industries opening cyber academy in Bosnia. The cyber experts of IAI’s ELTA Group and IAI’s Singapore subsidiary, Custodio Technologies, will provide remote online training on TAME Range, IAI’s cyber simulator and trainer. Read more

ConTech: Laying the foundations for the future of construction.

Construction Technology might not be the biggest buzzword in the startup ecosystem, but ConTech has the potential to rise like other sectors such as Medtech, Edtech, or Proptech. Read more

Strigo secures $8 million series A for its customer training cloud.
The Israeli startup has tripled its customer base since the outbreak of the Covid-19 pandemic. Read more

Intel enters strategic partnership with Israel’s Lightbits Labs.
Intel Capital has also invested in Lightbits to help support its growth for storage solutions. Read more

Log analytics company Coralogix completes $25 million series B round. The company also announced the launch of its new real-time analytics solution Streama. Read more

TetaVi raises $6 million series A for 3D holograms in immersive media. The round brings the total funding to more than $11 million. Read more

Israel awards 10 institutional investment firms safety net for tech investments. Institutional investors will be entitled to receive back up to 40% of their original investment in case of losses and will pay the IIA 10% of the difference between the return of their investments and the return received over the same period from state bonds should they make a profit. Read more

DiplomaTech | Despite Covid-19 calamity, India’s economy is primed for Israeli tech. Remote healthcare, cybersecurity and digital payment solutions are all currently in demand according to Israel’s economic attaché in Mumbai. Read more

Researchers at Ben-Gurion University develop a device that predicts epileptic seizures. The system is based on machine learning algorithms and can predict a seizure up to an hour before one is due. Read more

Israeli startup Salt Security inks deals with Carrefour and Equinix.
Salt Security uses artificial intelligence algorithms to develop protection tools for application programming interfaces (API). Read more

Israel’s keepMed gets 13 million Euro series C for sleep apnea device in Europe and the U.S. The funding from European investors comes after the completion of regulatory hurdles. Read more

IMPROVATE hosts first ‘Food Security’ conference, linking African nations with Israeli tech.
The conference aimed to connect Israeli tech companies to African nations to feed its growing population. Read more

Interview | Organizations that refuse to go digital cannot exist in the post-coronavirus world, says Cisco Israel GM. 
“At the end of the day, it comes down to having a culture that nourishes innovation and a platform that enables it. Only companies that can offer both will end up thriving,” says Oren Sagi. Read more

Israel’s Minute.ly is helping boost fan engagement at the Basketball Champions League. Due to social distancing restrictions, fans can use the company’s AI-driven technology solution to boost engagement and view game highlights. Read more

Round B | Startup Soup: Selecting the right people to throw in the pot gives a company all its flavor.
How does an early-stage company recruit the right people when you can’t afford to compete with the tech scene’s salaries? Read more

Axis Security closes $32 million series B to meet WFH-generated demand.
The company’s funding round was led by Canaan Partners, with participation from Ten Eleven Ventures and Gili Raanan’s Cyberstarts. Read more

Bar-Ilan University innovation center and Wolfson Medical Center join forces to promote healthcare projects. The UnBox Center founds and accelerates university projects and as part of the cooperation with Wolfson joint teams of researchers and doctors will undergo a methodic training program and ultimately set up startups. Read more

Analysis | Technology vs. Torah: Israel’s identity as the nation of startups and spirituality. In Israel, entrepreneurs see an opportunity to discover innovative technology while honoring the spiritual traditions of the country’s history. Read more

Interview | Content streaming model can’t hold water, the future is bundles, says Synamedia exec. “At the end of the day everybody wants a bundle. We believe that the ones that will be the winners will be the ones with the infrastructure,” says Yael Fainaro, SVP security. Read more

Employer Branding | Our employees must have one thing: Curiosity, says Verint’s SVP Marketing and Employer Branding.
As CTech dives deeper into the idea of Employer Branding, Verint has helped us understand what they do to attract top talent. Read more

In the fierce battle for talent, Employer Branding can help the underdog beat out tech giants. In recent years, smaller companies have learned how to attract and retain talented employees – with some even beating giants like Facebook at their own game. Read more

Schools Shutdown: There are many benefits to remote learning, edtech expert reassures anxious parents. Professor Ina Blau argues that the Covid-19 lockdown has forced the education system to adopt advanced teaching methods and that there is no turning back. Read more

Emirates Angels Investors Association looking for friends and business in Israel. Board member Yousuf Al Mulla believes the new partnership between the UAE and Israel could benefit the entire region. Read more

IAI signs agreement to acquire 50% of BlueBird shares for $14.4 million. “The combined companies will offer a broader portfolio of VTOL products with advanced technological benefits at competitive prices,” says IAI exec. Read more

Microsoft unveils new cyber solutions at its annual conference – some developed in Israel. Ignite 2020, Microsoft’s annual conference, was held online due to the Covid-19 pandemic. Although no brand-new or groundbreaking technologies were unveiled, the meeting allowed for the introduction of a number of innovations, including the rebranding of the company’s cyber security solutions and two cloud security products developed at the Development Center in Israel. Read more

7 Israeli startups that are helping to keep us sane. Lonely lockdowns, deadly viruses, economic collapse – it’s no wonder mental health apps are on the rise. Read more

Rights activists petition court to block export of Cellebrite spy tools to Putin’s investigative committee. The petition claims that the export of the system has gone on for years despite a long list of embargoes and sanctions initiated by the U.S. and European Union against the committee. Read more

IAI is looking for a partner to help it convert military tech for civilian uses.
The quest to convert military technology for the civilian market is one that Israel’s defense industries have been on for decades, with only limited success. Read more

Israeli-American cyber company Preempt Security to be acquired by CrowdStrike in $96 million deal. The addition of Preempt’s technology to the CrowdStrike Falcon platform will help customers achieve end-to-end visibility and enforcement on identity data. Read more

IATI asks government to designate tech and biomed companies as essential industries. Ahead of the second lockdown, tech umbrella group urges decision-makers to allow the industry to keep specialized facilities open. Read more

Robotic laparoscopic surgery company Human Xtensions mulls TASE IPO at up to $200 million valuation.
The company, which develops robotic tools to assist surgeons in minimally invasive procedures, is in the midst of a roadshow among Israeli institutional investors and intends to raise around $50 million as part of the IPO. Read more

China’s Geely to install Mobileye autonomous driving tech in future vehicles.
“The Geely deal is significant for its size, scope and timeline. But most importantly, it proves that there is a valuable use case for AV technology,” says Amnon Shashua. Read more

Israeli government orders full two-week lockdown amid escalating
Covid-19 outbreak.
Only essential factories and services will be able to continue operating during the closure. Outdoor prayer services and protests, two hot-button issues dominating the country these days, will be limited to groups of up to 20 people and can be held within only 1 kilometer from home. Read more

Insurance software company Sapiens partners with driver assessment company GreenRoad.
Sapiens’ insurer clients will be able to use GreenRoad’s mobile app to accurately and dynamically assess risks for automotive insurance, based on the individual driver’s performance. Read more

Israeli government agencies invest more than $3 million in alternative energy R&D.
“The call for proposals for pilot programs in the energy sector will lead to the rapid commercialization of innovative energy technologies.” Read more

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