CTECH: Latest Israeli Innovation and Technology News April 6, 2022
Cybersecurity startup Coro secures $80 million for mid-market and SMB solution. The Israeli company’s SaaS solution helps protect the users, devices, email, and cloud applications of mid-sized businesses. Read more
Apollo investing $475 million in Liquidity Capital at $800 million valuation. Liquidity, which provides growth capital to funds and companies, has seen its valuation surge eight-fold in 18 months. Read more
vHive raises $25 million Series B for Digital Twin software solution. The Israeli startup’s software platform enables organizations to autonomously capture data using drones to create Digital Twins of their assets, such as cell towers, cranes, and structures. Read more
Appwrite raises $27 million to support open source adoption of developers platform. Founder Eldad Fux started his development career by contributing to open-source software projects as a self-taught software developer and started Appwrite as a side project to create a single platform that helps developers focus on building their products. Read more
NOVOS raises $6 million Seed round to train gamers. The Israeli startup’s platform tracks the strengths and weaknesses of each gamer based on their in-game performance and provides them with a customized training plan. Read more
Bauer Media shutting down Camilyo less than three years after acquiring the Israeli startup. The German media conglomerate notified Camilyo’s 80 employees that they are all being fired, with Bauer planning to end all local activity within one year. Read more
Eleos Health raises $20 million to generate insights from mental health clinician-patient conversations. The Israeli startup securely and autonomously captures and interprets in-session themes and moments, generating post-session clinical progress notes and insurance coding. Read more
Appointments | EX.CO appoints Maya Szutan-Azoulay as its new COO. Szutan-Azoulay has more than 15 years of experience in growth, business development, and strategy management roles. Read more
ASTERRA announces key hire and strategic promotions. The satellite data company provides water and infrastructure solutions by using geospatial data to support terrestrial challenges. Read more
“We’re not coming to Israel because it’s hot or sexy, but because we look at it strategically,” says General Atlantic Co-President. Anton Levy, the Global Head of the massive VC’s technology sector, is bullish on Israeli tech as the firm opens its local office. “Hopefully Israel will be one of our best performing markets not just on capital deployed, but on returns and quality of company,” he told Calcalist in an exclusive interview. Read more
Israel institutions’ high-tech investments jump five-fold to $900 million in 2021. The rise came on the back of the Israel Innovation Authority’s push in 2020 to encourage more institutional investment in tech by providing a government-backed safety net. Read more
Israel Electric Corporation invests in startup Prisma Photonics. The Israeli startup’s system alerts users to a range of incidents on the power transmission system and will be implemented on the Israel Electric Corporation’s grid. Read more
Deloitte Launchpad launches third cohort of its Israeli accelerator program. Nine startups will be taking part in the program that will help them penetrate the U.S market. Read more
Arkin Holdings is going all-in on digital health. “For us, digital health was at the beginning a lot of hype with buzzwords, but over the years the family essentially decided that it is a must,” Head of Digital Health Investments at Arkin Holdings, Dr. Nadav Shimoni, told CTech. Read more
CTech’s Book Review: Lessons from an Israeli startup journey. Assaf Luxembourg, partner at Plus972 creative agency, shares insights from the book ‘’Exit’’ by Naftali Bennett. Read more
Opinion | What still needs to happen to make the tech industry women-friendly. “Judgment and criticism from the people around us will always exist and the wisdom is, apparently, that each of us knows within herself what her limits are, what’s good for her and what the best situation is for her, without giving up on herself and what benefits her,” writes Yaara Schreibman of Cyberint. Read more
AstraZeneca innovation hub seeking Israeli tech as it broadens search for innovation. “Imagine the power of merging game developers with behavioural scientists together with tech nerds and medics in an
environment of 3,000 pharmaceutical scientists,” said Magnus Bjorsne, CEO of the pharmaceutical giant’s BioVentureHub, which is eager to bring on board Israeli startups. Read more
Boarding Pass | SOLVEAT: “Consumers want food products that improve their health.” The company has received almost $1 million in funding to target the $5 billion Phytochemicals & Plant Extracts segment of
the functional food ingredients market. Read more
Radiaction receives FDA clearance for radiation protection system, secures $10 million in funding. The Israeli company’s technology applies the radiation protection to the X-ray device itself to block scattered radiation, instead of requiring the medical staff to don protective gear. Read more
Earth & Beyond incubator determined to transform Israel into NewSpace leader. The incubator plans to invest $125 million in space tech startups over the next eight years. “We want to be part of the NewSpace revolution,” says Director Ofer Asif. Read more
Arieli Capital and Italian government launch new cycles of Italy-Israel accelerator. The 16 Italian startups taking part this year will attend a 10-week program in Tel Aviv and represent a broad range of industries relevant to the Israeli-global markets, including agriculture, medicine, biotech, climate, energy, transportation, and more. Read more
Opinion | Driving digital transformation in the physical security industry. “While some industries have fully embraced the digital revolution, the physical security industry has been faced with the challenge of overwhelming scale without the technology to support them,” writes Roy Dagan, CEO and Co-Founder of SecuriThings. Read more
Appointment | Noga Sela Shalev appointed CEO of Fresh Start foodtech incubator. The incubator in Kiryat Shmona has invested almost $10 million in eight startups since its establishment two years ago. Read more
CTech’s Book Review: Being honest with yourself and your team. Lior Wilczynski, Co-Founder and CEO at GreenInvoice, shares insights after reading “Radical Candor: How to Get What You Want by Saying What You Mean” by Kim Scott. Read more
CTalk | Yotpo: “The European market is very different from a lot of different perspectives.” Itay Vladomirsky, Yotpo Director of Partnerships, EMEA, discusses the differences between American and European markets at Calcalist’s Mind the Tech conference in London. Watch full video
“Brexit represented a great opportunity for UK-Israel relations.” Anita Leviant, President of the Israel-Britain Chamber of Commerce, made the remarks at Calcalist’s Mind the Tech conference in London. Watch full video
“Technology is what we do best,” says Plus500 CEO. “The trading world is always changing and is very dynamic but we offer everything,” noted David Zruia in an interview with CTech. Watch full video
Trigo’s prediction on becoming the mainstream way people will shop. Jenya Beilin, COO at Trigo, joined CTech to discuss the public perception of visiting supermarkets without clerks. Watch full video
Intel to acquire Granulate for $650 million. The Israeli startup, which helps cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs, has raised $45 million since its founding in 2018. Read more
“The metaverse is a shift in society where identity is being redefined.” Concepts of the metaverse and its implications were explored at a conference hosted by Israeli venture firm Remagine Ventures and law firm Herzog Fox & Neeman. Read more
“I’m ready to fly,” says second-Israeli astronaut week before launch. “I’m not concerned about Ukraine-Russian tensions affecting our work on the station. It’s a place where people live and work together in peace,” Stibbe says. Read more
Opinion | Med-Tech Israeli startups and how they truly impact patients’ lives. “Israel enjoys global prominence in the Med-Tech sector, even though it’s a tiny country. Its strength lies in the unique cultural DNA within each individual and within each team,” writes Efrat Hartog-David of MeMed. Read more
Boarding Pass | radd. founders: “We have been best friends since we were five years old.” The company raised a total of $700,000 for its AI video-based reviewing technology. Read more
CTalk | “Covid-19 was a huge impetus for health IT” in the UK during the pandemic. Dr. Anna Bayes, UK Medical Director at Allscripts, discusses the impact that the pandemic had on the urgency to adopt new technologies. Watch full video
CTalk | “The next generation is probably around the omniverse.” Serge Lemonde, who leads the Startups Program globally at NVIDIA, shared some insights at Calcalist’s Mind the Tech conference. Watch full video
Beewise raises $80 million Series C, including from Abu Dhabi investment fund. The climatech startup is on a mission to save the bees, and has raised over $120 million to date. Read more
Wing Security, led by IDF cyber vets, raises $20 million Series A. The Israeli startup was founded in 2020 by Noam Shaar, former Chief Information Security Officer for the Israeli Defense Forces (IDF) and Galit Lubitsky, former Head of IDF’s Cyber Operations. Read more
Cyberpion secures $27 million Series A to thwart external attacks. The Israeli cybersecurity startup’s platform identifies and reduces the ever-expanding external attack surface, continuously detecting vulnerabilities by identifying, analyzing, and monitoring the company’s assets linked to the internet. Read more
BeamUP raises $15 million to design and manage commercial real estate. The Israeli startup’s platform generates digital models of facilities to reduce system and infrastructure design time and improve management
efficiency. Read more
VC fund Takwin to raise $80 million to invest in start-up companies of Israeli Arab entrepreneurs. This is Takwin’s second fund, after its first fund was launched in 2015 and completed its investments. Among the investors in the new fund are JVP chairman Erel Margalit and Chemi Peres, a founding partner in the venture capital fund Pitango. Takwin’s chairman: “Arab society is rich with talented young entrepreneurs whose dreams are restricted.” Read more
Perception Point acquires fellow Israeli cybersecurity startup Hysolate in underwhelming deal. The deal isn’t a sign of success for Hysolate, which at its peak had double its current number of employees and is now being sold for less than the $33 million it has raised to date. Read more
Steve Mnuchin’s fund acquiring Israeli-American company Zimperium for $525 million. Zimperium provides mobile security solutions for iOS, Android, and Chromebooks devices. Read more
Appointments | Mira Srinivasan and Yael Malek join BlueVine’s executive team. The fintech company appointed the two as Chief People Officer and Chief Risk Officer. Read more
Mind the Tech London | Leap in high-tech investments from the UK: “Israel has jumped ten notches on the priority scale.” According to Idan Fisher, who runs the UK-Israel Tech-Hub, British investment in Israel has soared to half a billion dollars a year but is still far behind the Americans, who invested 5.5 billion dollars in 2020. Read more
CTalk | “The culinary world is on its way to becoming a whole different animal.” Ayala Meidan, Global Marketing Manager at Redefine Meat, imagined how our plates might look one day when speaking at Mind
the Tech 2022 in London. Watch full video
CTalk | Open banking “is a threat” for the fintech space. The remarks were made at Calcalist’s Mind the Tech 2022 in London by Nir Lifshitz, Head of Open Banking, Innovation & Pepper at Bank Leumi. Watch full video
