CTECH Latest Israeli Innovation & Technology News Sept. 29, 2022
Guesty continues shopping spree with acquisition of hospitality software companies Kigo and HiRUM. The Israeli property management platform, which raised $170 million last month, has made three acquisitions in two weeks after also purchasing hotel-focused revenue and distribution platform YieldPlanet. Read more
LinkedIn reveals its top 15 emerging Israeli startups for 2022. Walnut, Wiz, and Artlist claimed the first three spots in the list compiled according to employee growth; jobseeker interest; member engagement within the company and its employees; and how well startups pulled talent from LinkedIn’s flagship top companies list. Read more
Israel’s Ception turns to AI to cut heavy equipment accidents at construction sites. The contech company recently joined Access, an accelerator founded by the construction company Shapir Engineering. Read more
CEO of bankrupt crypto lender Celsius steps down. “I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing,” Alex Mashinsky said in a statement. Read more
“There was a correction, but no one should be shedding tears for anyone in high-tech.” Retail analytics company Trax raised a $640 million Series E last year but still ended up laying off over 100 employees three months ago. Co-founder Joel Bar-El explains why. Read more
“You need to know how to lose money with as much dignity as you earned it.” Michael Eisenberg, Equal Partner at Aleph, discusses parenthood, being a young grandfather, and investing during rocky times. Read more
The scientist who almost made Mark Zuckerberg president of the World Bank. Project Diem, the megalomaniac experiment led by Facebook, aimed to create a unified digital currency that will allow easy transfer of funds and payments between billions of people. The person who led the development of the currency was Prof. Dahlia Malkhi, one of the world’s leading computer scientists. Now, in a rare interview from the bowels of the powerful technology giant, she reveals how the system was going to work, and why the fear of Facebook’s power led to the collapse of the venture. Read more
The Israeli startup developing next-gen satellite communication systems. Scorpio Space recently raised $3 million in funding after successfully completing a trial of its prototype product. Read more
“My father is dyslexic, he learned English in the 70’s from Lennon and Dylan. I turned that into a learning app.” Michael Peled was a dyslexic child who managed to become an outstanding student. His father was his inspiration, a successful dyslexic entrepreneur who worked for years in the U.S. thanks to the English he picked up from the radio. The secret of this magic has become Singit, a sort of educational version of Spotify, which teaches tens of thousands of children English with the help of Billie Eilish and Harry Styles. Read more
“You need to know how to lose money with as much dignity as you earned it.” Michael Eisenberg, Equal Partner at Aleph, discusses parenthood, being a young grandfather, and investing during rocky times. Read more
“There was a correction, but no one should be shedding tears for anyone in high-tech.” Retail analytics company Trax raised $640 million in a Series E financing round at a $2.25 billion valuation last year. Nevertheless, it still ended up laying off over 100 employees three months ago. Co-founder Joel Bar-El explains why. Read more
The eyes have it – EyeJets foresees a screenless future. The Israeli startup is the developer of an innovative technological platform that will enable the projection of digital information directly into the retina, replacing the need for screens. “In a few years there will be no smartphones,” says EyeJets CEO Edu Strul, “only glasses.” Read more
Intel promotes three Israelis to executive technological positions. Fadi Aboud, Jack Doweck, and Marcelo Yuffe were named Intel Fellows, equivalent to VPs, in the processor design and development group. Read more
AccessFintech raises $60 million from banking giants to expand data management network. BNY Mellon, Bank of America, J.P. Morgan, Goldman Sachs, and Citi Group all invested in the Israeli startup, which has grown its data collaboration network to include over 100 participants. Read more
Tel Aviv leads Startup Nation growth with $20 billion in capital raised in 2021. Funding by tech companies based in Tel Avlv Jumped 10X over five years, while their number of global employees doubled last year to over 150,000. Read more
SentinelOne launches $100 million fund to invest in security and data startups. The cybersecurity company’s initial portfolio includes several Israeli startups, among them Torq and Laminar. Read more
“We use tech to provide care to anyone, anywhere, and at any time.” Dr. Galia Barkai, Director of Sheba Beyond, explains to CTech why telehealth is doing so well and how she found herself leading Israel’s first virtual hospital. Read more
Tech leaders launch initiative to train 10,000 employees from under-represented populations. Palo Alto Networks, Insight Partners, and executives from across the high-tech industry are establishing a new platform for recruiting and training employees with the goal to train 10,000 workers from sectors that suffer from underrepresentation in the industry. Read more
Round B | The presentation formulation. In a company presentation, the foundation is critical. It forces the creator to be as precise as possible in their message, determine exactly what they want to say, and make sure that they have the best possible answers to questions about it. Read more
4M Analytics raises additional $30 million to map US subsurface infrastructure. The Israeli startup, which took its Series A to $45 million, has developed a digital repository of comprehensive utility data that helps engineers identify and pinpoint underground utilities early in the project lifecycle. Read more
Noble nabs $18 million Series A to simplify credit. The fintech company lets companies build, launch, and scale credit-based products and services. Read more
Pagaya party comes to crashing halt. The Israeli fintech company has lost over 92% of its valuation in less than two months, leaving it with a market cap of $1.5 billion. Read more
TULU adds $5 million to Series A with investment from Leonardo DiCaprio-backed VC. The Israeli startup has built a platform that provides building tenants with on-demand access to hundreds of brand-name appliances, grocery staples, micro-mobility solutions, and entertainment devices. Read more
Nilos raises $5.2 million to unify crypto and fiat treasuries for businesses. The company provides a platform for businesses to connect crypto wallets, corporate bank accounts, and payment service providers to centralize all their treasury operations. Read more
