CTECH – Latest Israeli Innovation & Technology News
Israel’s cyber infrastructure vulnerabilities exposed in recent wave of attacks. 85 cyberattacks have been reported since the beginning of the month, most of them attacks on institutional websites. Read more
Is ChatGPT a legitimate tool or a sham in the hiring process? From writing resumes to LinkedIn profiles, ChatGPT has fundamentally changed the way that both candidates and employers are approaching job searching and recruitment. Read more
Israeli startup Constru blames judicial overhaul for insolvency. Tel Aviv court ordered the freezing of the construction startup, which claims investors walked due to domestic political turmoil, resulting in a debt of $4.5 million. Read more
Opinion | The disillusionment is long and partial. But it has started. As expected, disillusionment hurts. Israel is beginning to understand, perhaps for the first time, that even the ministers of the extreme right, who believe in forceful solutions, cannot work miracles. Read more
Israel-Japan Conference | “Japan has come to the point where promoting the startup ecosystem is the number one priority.” Yumiko Murakami, General Partner at MPower Partners, Japan’s first ESG VC fund, spoke with CTech ahead of the first-ever Japan-Israel conference hosted by Calcalist and Discount Bank in May. Read more
Boarding Pass | “We can revolutionize the food industry by offering a sustainable and safer protein source.” PoLoPo has raised $1.75 million to develop the production of animal-based proteins in plants. Read more
Israelis feature prominently in Forbes’ global billionaires list. The highest ranked Israeli in the annual ranking of billionaires is Eyal Ofer in 86th place, with an estimated fortune of $18.9 billion. Read more
Cyberattacks strike Israel Post, irrigation systems. A wave of cyber attacks have hit Israeli targets, including Israel Post, and irrigation systems, as well as airline, transportation, and university websites. Read more
Opinion | Post-Israeli political chaos, can NYC change the Startup Nation as we know it? “The city of New York has identified a new opportunity now – luring more Israeli startups to join its vibrant tech scene by making it even more attractive to build and grow their businesses,” writes Eyal Bino, Founding Partner of 97212 Ventures. Read more
Sports betting group Entain acquiring 365Scores for $200 million. The Israeli sports results application, which was founded in 2010, has more than 20 million users around the world. Read more
Israeli AI startups to look out for in 2023. Representatives from Israel’s leading VCs together with KPMG have selected five of the most intriguing Israeli startups in the field of artificial intelligence. Read more
Fetcherr raises $12.5 million to help airlines increase revenue with AI-powered pricing system. The Israeli Algo Trading-based startup has developed an AI-powered pricing system, using reinforcement AI models to increase airline revenue by enabling High-Frequency Pricing. Read more
KPMG and Classiq join forces to offer quantum computing capabilities to enterprise customers. KPMG’s Global Quantum Hub announced a collaboration with Classiq, the Israeli quantum software company, to bring innovative quantum solutions to clients. Read more
Opinion | Living with generative AI: what you need to know. “Generative AI represents a significant technological advancement that has the potential to transform many aspects of society. However, with this power comes great responsibility,” writes Hisham Abdulhalim PhD. Read more
SoftBank invests another $100 million in cyber unicorn Cybereason, replaces CEO. The new investment will make the Japanese conglomerate Cybereason’s leading shareholder. Read more
2023 started badly for Israeli high-tech and it may get worse. Despite the desire of industry executives to see light at the end of the tunnel, the next two quarters at least are expected to continue the downward trend. Read more
Dave DeWalt’s NightDragon opens first international office in Tel Aviv. The venture capital firm manages close to a billion dollars and invests in growth stage companies in the areas of cybersecurity, security, safety and privacy. Read more
Redefine.dev raises $8.5 million Seed round for AI-powered software optimization platform. The company’s CI (continuous integration) platform aims to accelerate software development cycles and dramatically cut cloud expenses. Read more
Opinion | American unicorn investor: Why I am continuing to invest in Israel. “While political alarmists and economic twits head for the hills, I’ll be heading for the Judean hills,” writes Michael Fertik. Read more
Israeli mapping company unleashes its tech in Italy. Simplex produces high-resolution aerial 3D mapping for municipalities and private companies. Read more
