CTECH – Latest Israeli Technology and Innovation News
| “We are working on the sale of 20 startups, including unicorns.” Adv. Dan Shamgar, a consigliere to many of Israel’s high-tech startups, added that some companies are already running out of cash, but that entrepreneurs are not panicking just yet. Read more
Intel freezes hiring in PC chip division. Intel told Calcalist that its growth plans in Israel, including the building of a new $10 billion manufacturing center in Kiryat Gat, opening a campus that will house 6,000 engineers in Haifa and setting up a new R&D center in Be’er Sheva, remain unchanged. Read more Legal tech startup SueApp expanding to the US. The company will enter the Florida market later this year, seeking to partner with American auto insurance giants to provide mobile access to small claims litigation. Read more UAE-IL tech zone delegation to visit Emirates to promote partnerships. The non-profit partners with MOIAT and local partners to facilitate collaborations in the domains of fintech, healthtech and sustainability. Read more Pentera unveils new cyber research arm to help stop attackers. The Pentera Labs team actively monitors threat intelligence feeds to identify new critical vulnerabilities and the latest attack techniques used by adversaries. Read more Fundraising replaces hiring as most pressing startup challenge, says report. According to a report by data sharing platform Startup Snapshot, 74% of founders are reporting that they are worried about their ability to raise their next round of funding. Read more EverC appoints Maya Barkay as VP of Marketing. For the past seven years, Barkay has held senior marketing positions at Amdocs Global. Read more |
Elementor acquires Strattic to expand WordPress hosting solutions. Strattic developed an end-to-end web management platform that converts WordPress sites to a static and headless Jamstack architecture. Read more
“There will be layoffs and cutbacks in high-tech and that is a good thing,” says Viola Ventures co-founder. Shlomo Dovrat, who was speaking at the annual Aaron Institute for Economic Policy Conference at Reichman University, added: “There will be somewhat of a slowdown in growth, sales, and export, but there won’t be unemployment.” Read more
From Russia with cash: One billion shekels have already flowed into the country because of the war. In recent months, one billion shekels from Russia have been deposited in Israeli banks, and another similar amount is looking to enter the country, along with start-ups that want to move to Israel in their entirety. But the banks, as well as high-tech funds and companies, are afraid of interacting with Russia. Read more
Global cybersecurity education and intelligence group ISMG acquiring Israeli marketing agency Xtra Mile. ISMG is expected to invest more than NIS 200 million (approximately $60 million) in the local market by 2025, of which it is estimated that tens of millions of shekels were allocated to the purchase. Read more
“Companies, employees and investors demand today a product with an impact.” “The advantage of high-tech is the ability to fix problems that affect the entire world,” said Cecile Blilious, Head of Impact & Sustainability at Pitango Venture Capital, speaking as part of Calcalist and KPMG Israel’s The Next Big Thing session. Read more
Opinion | The game changer for AI research is inspired by our brain. “Perceiving the world one mode at a time greatly limits AI’s ability to navigate or understand it. Thus, the future of AI is reliant upon three major components – multimodal models, sparsity, and task-agnostic architecture,” writes Elan Sasson, CEO of Data Science Group. Read more
GoParrot focused on growth after $50 million acquisition by Block. The Israeli-founded startup enables restaurants to connect more easily and directly with customers through omnichannel software, providing a
customizable white-label app that merchants can design to be unique to their brand. Read more
Titan announces $100 million fund, looking to buy positions in Israeli growth companies from Russian investors. Alongside Titan’s flagship fund, the company manages a number of co-investment vehicles through which it plans to deploy an additional $100 million or $200 million in total, over the next three years. Read more
“I see huge opportunities in Israel because many large companies are really embracing the digital transformation.” In an exclusive interview during his visit to Israel, Domingo Mirón, Chief Risk Officer at global consulting and technology giant, Accenture, talks Israeli technology, how the pandemic affected global tech, and why he’s positive the ecosystem can weather the current crisis. Read more
Rapyd launches Hack the Galaxy challenge; winners to receive trip to the edge of space. Challenges will be posted in the Rapyd Developer Community every week through October 3, with each solution to reveal password unlocking an entry to win tickets to the edge of space aboard the Space Perspective Spaceship Neptune. Read more
Pitango launches Web 3.0 venture lab, setting up DAO. The venture capital firm is aiming to create bridges between Web 3.0 and Web 2.0 via partnerships with ventures that have sustainable growth models through equity and/or token based investments. Read more
Meta names Guy Rosen chief information security officer. Rosen, who has been at Facebook since 2013 when it acquired the startup he co-founded, Onavo, most recently led the company’s product safety and integrity efforts. Read more
Crypto wallet ZenGo appoints senior Google executive as Chief Product Officer. As a senior member of Waze’s product leadership team at Google, Michael-David Fiszer helped build and scale many Waze products. Read more
Opinion | Her body – not her choice: Technology’s role in the face of government conservatism. “There is an ominous need to have differentiated care delivery for women owing to diverse physiology and their role in society,” writes Keren Leshem, CEO of OCON Healthcare. Read more
Perimeter 81 becomes Israel’s latest cybersecurity unicorn with $100 million Series C. The startup has seen its valuation increase fivefold to $1 billion since its previous funding round less than two years ago. Read more
Vayyar raises $108 million Series E at over $1 billion valuation for 4D imaging radar. The Israeli semiconductor company supplies radars to the automotive and senior care sectors, producing affordable sensors
that provide detection and tracking. Read more
Hospitality tech startup Duve raises $10 million Series A. The Israeli startup’s white-labeled platform helps collect details such as reason of visit, interests, language, type of visit, and more, allowing hoteliers to customize and segment guest journeys and build a digital and personalized experience. Read more
The climatech startup converting CO2 into reusable carbon-based byproducts. “The time to act is now. We want to make a real impact on climate change,” says Raanan Shelach, co-founder and CEO of Carbonade.
Read more
What’s up, Doc? Vim connects US healthcare payers and providers at the point of care. In an exclusive in-depth interview, Vim co-founders Oron Afek and Asaf David share how their startup is disrupting the American healthcare system with technology that’s 100% “Made in Israel.” Read more
CTalk | “Greece is more interesting for us when it comes to tourism.” Frank Roseen, Executive Director Capital Markets & Member of the Board of Directors, Aroundtown, joined Elihay Vidal at Calcalist’s Israel-Greece conference to discuss real estate in the region. Watch full video
Israel-Greece Conference | “The Millennials and Generation Z are 40% of hotel customers – we need to speak their language.” Daniel Rudasevski, co-founder of the global hospitality chain Selina, said at Calcalist’s Israel-Greece conference in collaboration with Aroundtown and Brown Hotels: “If there’s no hot water they will manage, but without internet access they will not come.” Watch full video
“We are preparing for renewable energy and creating clean gas.” Dr. Katerina Sardi of Energean Greece, was speaking during a panel at Calcalist’s Israel-Greece conference. Dorit Banet, CEO of Eilat-Eilot Energy added in regard to Russia-Ukraine conflict: “We are realizing the importance of energy independence.” Watch full video
“It’s important to be a bridge between Israel and Greece,” says Brown Hotels’ founder. Leon Avigad of Brown Hotels spoke during Calcalist’s Israel-Greece conference about the hotel chain – which has over 50
branches in Greece – and its development over the past four years. Watch full video
Appointment | Raz Friedman leaving Playtika to join MonkeyLeague as Chief Product Officer. MonkeyLeague has plans for creating a vast web3 esports ecosystem with a multitude of interconnected roles and ways to engage as well as earn. Read more
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