CTECH – Latest Israeli Technology and Innovation News
250 companies and $6.5 billion: An in-depth look at Israel’s healthtech industry. Israeli healthcare startups are no longer relying solely on technology, clinical data, or IP to generate value. They are reinventing business models and elevating the industry. Read more
Playtech selling its financial division TradeTech for $200-250 million. Several parties and groups are showing interest in the company, including an Israeli group combining Fortissimo Capital, Israeli entrepreneur Zvika Barenboim, and several institutional bodies. Read more
Koch’s tech investment arm leads $45 million funding round in ProteanTecs. The Israel-based electronics health monitoring services company aims to use the capital to expand its business activities.
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Israeli entrepreneurs will find a new breed of investors in the UAE.
Leave politics behind and focus on business, HFN partner Nimrod Kozlovski urges Israeli entrepreneurs. Read more
Israeli employee engagement platform Eloops wants to ‘Gamify’ the office. Employees earn virtual coins that can be used to buy one-on-one meetings, experiences, mentorships, or swag. Read more
Tips | Your employees are your only certainty in times of crisis. Five ways to motivate your employees in remote working environments. Read more
Opinion | The public deserves a healthier healthcare industry. The coronavirus pandemic has called the FDA’s bluff. The public now knows that when necessary, it is entirely possible to make significant shortcuts that save years of development and billions of dollars. Read more
Normalization is great, but UAE must not receive U.S. F-35s, warns former Israeli general. Amos Gilead says U.S. must keep to its obligations of not selling balance breaking weapons systems to other countries in the region. Read more
Shlomo Kramer backed Sumo Logic aims for $100 million Nasdaq IPO. Kramer is also one of the main backers of Israel-based Gong, which recently completed a funding round at a valuation of $2.2 billion. Read more
Team Israel Start-Up Nation partners with Sonovia to develop innovative SonoMasks for Tour de France. True to form, Israelis have innovated Covid-19 protective masks for their first attendance in the elite cycling race. Read more
Analysis | Wave of tech startups entering Nasdaq via SPAC backdoor. Over recent months tech companies are returning SPACs to their former glory, raising a record $31.3 billion through 70 different listings in
2020. Read more
Opinion | Evolve or die: The cybersecurity industry’s challenges in the post-coronavirus world. Organizations must be ready to adopt changes in order to ensure we can securely conduct our new remotely-managed lives. Read more
Israel’s Bank Leumi negotiating collaboration with Emirati bank, reveals Leumi exec. “We, at Leumi, believe there is a golden opportunity for collaborations here and we intend to be an active party,” said Shmulik Arbel. Read more
Opportunities in the Gulf: The UAE has an appetite for advanced technologies, says IAI deputy CEO. Eyal Younian, deputy CEO of state-owned defense contractor Israel Aerospace Industry spoke Wednesday at Calcalist’s online conference on the business potential the UAE presents for Israel. Read more
Israel Arab sector presented with huge opportunity in UAE deal. Alan Feld, co-founder and Managing Partner at Vintage Investment Partners, and Yifat Oron, Leumitech CEO, believe that the agreement could prove to be significant for the local tech market already in the near future. Read more
Defense ministry shares first images from Israel’s state-of-the-art spy satellite. The images show the ‘Tadmor’ world heritage site in Syria, ancient ruins and the renowned Roman theater. Read more
Analysis | Israeli-Emirati agreement could give ZIM’s IPO some backwind. On Monday, it was reported the Israeli shipping company is considering to go public in 2021 and, according to several people who spoke on condition of anonymity, it is aiming for a $1 billion valuation. Read more
#HoloHoax: Researchers say Facebook and Twitter have a “conceptual blindspot” around Holocaust denial. Platforms like Facebook, Reddit, and Twitter take a variety of measures to stop anti-Semitic tropes from flooding our newsfeeds – but it’s not enough. Read more
Israeli programmer reveals uphill battle to launch Facebook Shops remotely. The Israeli team took over from the London office to create a new multi-app tool for e-commerce solutions. Read more
Out of the cockpit and into the cloud: Covid-19 altered former pilot’s career path. In mid-March, after four and a half years as an El Al pilot and a 10-year career in the Israeli air force, 34-year old Stav Nemirovsky found himself, like so many other Israelis, on unpaid leave. He then decided to pivot to tech. Read more
IIA launches bio-convergence grant for Israeli-South Korean collaborations. Israeli government investment arm the Israel Innovation Authority will choose up to two projects for grants of up to $2 million to cover half of each project’s research and development expenses. Read more
Analysis | Airbnb charging ahead with IPO despite disastrous timing. Airbnb was valued as high as $31 billion at its peak but arrives at the stock market having to deal with the challenge posed by coronavirus as well as the increased hostility and question marks around the Gig Economy. Read more
Israel-UAE trade potential is north of $500 million, says Israeli chief economist. Shira Greenberg, the chief economist at the Israeli Ministry of Finance, spoke at Calcalist’s online conference on Israeli exports during the Covid-19 era. Read more
With its profitability on the rise, ZIM aims to go public at the beginning of 2021. For the third time in 12 years, the company’s board is pushing for a London or New York IPO and aiming for a $500 million valuation. Read more
In the age of Instagram, everybody needs to speak the language of photography, says Eyecon founder. Israeli photojournalist Ziv Koren’s latest project is a cultural center and photography school. “I love a good challenge,” he said of launching the $5 million project during a pandemic. Read more
Covid-19 is more an opportunity than a crisis, says Netafim CEO.
Gabriel Miodownik, president and CEO of Israeli drip-irrigation company Netafim, spoke at Calcalist’s online conference on Israeli exports during the coronavirus era. Read more
Israeli and UAE Techstars leaders excited by opportunities new deal offers. “This paves the way for investment flows across the two states and allows for deeper relations and friendship and it allows for stability and peace in the longer term,” said Vijay Tirathrai, head of Techstars Abu Dhabi Hub71. Read more
After becoming Israel’s newest unicorn, what’s next for Nanox? Despite having yet to earn significant revenue or receiving FDA approval for its lightweight X-ray scanners, the company’s shares surged on Nasdaq. Read more
Covid-19 got you down? Joy Ventures is determined to innovate our behavioral health. 2020 has brought on unprecedented anxiety, loneliness, and depression – here’s how Miri Polachek aims to fix it.
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IAI and Technion co-develop micro-satellites to aid search and rescue missions from space. The receiver for the ADELIS-SAMSON project was developed and built by ELTA Systems, a division of IAI. Read more
Jerusalem-based BrainsWay receives FDA clearance for magnetic stimulation system to help smokers quit. TMS treatment involves sitting in a chair and wearing a helmet containing a patented H-coil for 20-minutes. The coil stimulates the brain by creating a temporary magnetic field that generates excitation or inhibition of neurons deep inside the brain. Read more
Swimming in cash: These socialist millionaires make robots to clean the pools of the world’s wealthy. Maytronics, a pool cleaning robot company owned by a communal kibbutz, recently became one of the strongest companies on the Tel Aviv Stock Exchange. Read more
Israeli memory technology developer Weebit Nano raises $9.1 million. Its new technology can save millions of dollars in development costs and shorten manufacturing time. Read more
Israeli company Electreon partners with EnBW to build Germany’s first Wireless Electric Road System. The new system, powering an electric bus line is planned to open as early as 2021. Read more
ALIVE Fund leads financing round for mitral heart valve maker Innovalve. “After investing in a company, we are capable of promoting it in Israel and the U.S. through experiments, pilot programs, or sales agreements,” says partner Michel Habib. Read more
Covid-19: Nature’s accelerator program for HR Tech. The coronavirus pandemic forced tech companies to adopt virtual strategies that were only expected to take effect in the future. Nowhere was that felt more than the human capital management sector. Read more
Teva firing 350 employees from Israeli production facility. Pharmaceutical giant says Teva-Tech plant in Ne’ot Hovav was spared in previous cutbacks but that efforts to get it back to profitability proved to be unsuccessful. Read more
Orbit inks $46 million deal to provide communications management system for Lockheed Martin’s F-16 jets. Agreement expected to grow substantially if Lockheed Martin wins Indian Air Force supply tender.
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Israeli supermarket chain monitors unknowing buyers for emotional reactions during shopping. Neuromarketing company Drill has provided supermarket chain Victory with cameras that allow it to identify and analyze emotional reactions to products, prices, and aisle location. Read more
Video | Israel must double down on exports amid Covid-19 crisis, urges export institute chairman. Adiv Baruch says Israel’s industrial capabilities have outgrown its market capacity and must look outwards, even as the global economy shrinks. Watch video
Opinion | A renaissance of entrepreneurship and innovation is our chance to withstand the Covid-19 challenge. The global crisis presents us with a load of new opportunities for online activities in the fields of commerce, education, work, and leisure. Read more
Interview | Orbotech president takes you into the heart of the hardware enabling the 5G paradigm shift. The Israeli-based company knows that one way or another its manufacturing solutions and systems are already playing a significant role in enabling the buildout of 5G infrastructure. Read more
Interview | Former IDF cyber chief warns of red-lines being crossed and the erosion of Israel’s democracy. Avenr Paz Tzuk talks to Calcalist about the ethics of surveillance, his faith in education and his fear of a military brain drain. Read more
Gloat wants to become the ‘Tinder’ of large enterprises. With companies changing strategies during Covid-19, large organizations can offer employees the chance to ‘swipe’ on new opportunities. Read more