CTECH – Latest Israeli Technology and Innovation News
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Booking.com CEO: “We’ve had good success buying companies in Israel and we will continue to look out there.” Glenn Fogel, President and CEO at Booking Holdings and CEO at Booking.com, spoke at Calcalist’s E-commerce 360 conference organized in partnership with Phoenix Insurance about the way Covid-19 will affect travel even long after the pandemic will be gone. Watch full video
FinTech 2021 | “What attracts investors most is the opportunity to build multi-billion companies.” Speaking at FinTech2021, Adam Fisher, Partner at Bessemer Venture Partners, spoke of the allure of Fintech’s unchartered territory. Read more
A Day in a Life | DoubleVerify’s ‘Queen’ analyst. Ady Kaiser, Senior Analyst at DoubleVerify, enjoys her job, not only because of the interesting challenges she faces but mainly because of the company’s DNA. Read more
Costa Group to start deploying Arugga’s pollination robots across Australian tomato fields. The Israeli startup aims to help growers solve critical challenges related to more efficient pollination and reduced labor costs, while reducing the spread of viruses with its non-contact solutions. Read more
Spotlight | The company harnessing AI to clear traffic jams. “Our solution works, if we get access to all the lights in the city we can reduce traffic jams by 30%-40%,” explained itc CTO Dvir Kenig. Read more
Abu Dhabi Investment Office spearheads meetings between Israeli and Abu Dhabi ICT companies. Leading information and communications technology (ICT) companies in Israel met with their counterparts in Abu Dhabi in a slew of virtual meetings. Read more
Nanotech startup Feelit raises $7 million led by Continental and Henkel. The Haifa-based company has developed printable sensors that provide condition monitoring and predictive maintenance of industrial assets, like valves, pipes and pumps. Read more
MTI wins U.S.-Israeli grant to develop space antenna. The Israeli group will customize an existing antenna set to fit space environmental requirements, while the American aerospace company will focus on marketing the new technology commercially. Read more
Opinion | The 5 biggest global cyber threats of 2021. “Despite increased governmental attention to cybersecurity, existing cyber threats are here to stay
Hacker turned entrepreneur, Cynet founder and CEO Eyal Gruner is not worried about a cybersecurity bubble, as he gets accustomed to his latest role as an investor. Read moreOracle appeals to court to cancel results of Nimbus cloud tender.
The company has requested from the District Court in Jerusalem to cancel the government’s selection of AWS and Google as the winners of the
$1.2 billion project to provide cloud services for the country’s public sector and military. Read more
Tech unicorn parties reaching new levels of excess. Israeli high-tech companies are holding affluent parties featuring concerts by Israeli pop artists, cocktails, private excursions, and infinite gongs, just like those rung on the Nasdaq. Read more
Aerodrome expanding drone offering with $4.5 million acquisition of FlyTech. The Israeli company has its sights set on growing in the U.S.
market in which FlyTech has already got a foothold. Read moreMigdal Insurance investing $10 million in proptech startup Venn.
The announcement comes one month after Venn completed a $60 million Series B round. Read more
Former Mossad chief Yossi Cohen appointed as SoftBank representative in Israel. SoftBank’s new Vision Fund 2 has already invested in several Israeli companies over recent months, including AnyVision, Redis Labs and Vianai Systems. Read moreInterview | For Unic-Tech, a small slice of the pie is still a billion-dollar play.
The fund only operates in the unicorn space, but the market holds a trillion-dollar opportunity. Read more“The DevOps industry is expanding to space – now is the time to explore new frontiers.” Fred Simon, JFrog’s Co-Founder and Chief Data Scientist believes many of today’s space challenges can be solved with software. Read more
FinTech 2021 | Utilizing technology to deliver food to the underprivileged. Speaking at FinTech2021, Hasan Abasi, Co-Founder and CEO of HAAT Delivery, spoke of using technology to provide deliveries to people living in cities without addresses and those who can only pay in cash. Watch full video
Opinion | REvil ransomware attack illustrates IT systems need for epidemiological investigation. “The truth about the Covid-19 pandemic, as well as for computer systems, is that complete isolation of our homes or computer stations will prevent us from catching the virus, but it will also prevent us from functioning,” writes Tomer Shemer of Portnox. Read more
The most influential investor you never heard of is betting on Outbrain. Investment guru Seth Klarman, who is often compared to Warren Buffett, might have missed the rise of the tech market, but he is trying to correct that with a $200 million investment in Outbrain. Read more
Next Insurance targeting mergers and acquisitions to increase market share. The insurtech company announced the appointment of Eran Liron as its Chief Strategy Officer, with Liron telling Calcalist “our agenda is very aggressive, to expand and secure a much larger market share.” Read more
Oracle CEO Safra Catz underscores Israel support in Jerusalem data center launch. “If Oracle employees don’t agree with our mission to support Israel maybe we aren’t the right company for them,” said Catz. Read more
Namogoo acquires Remarkety to expand its digital journey continuity platform. The acquisition is the second strategic M&A following the purchase of Personali in early 2020. Read more
Technion ranked No. 1 in Europe in Artificial Intelligence. The Israel Institute of Technology in Haifa has established itself as a leading academic institution in AI over the years and is currently ranked 15th in the world, and first in Europe, with 100 faculty members engaged in areas across the AI spectrum. Read more
FinTech 2021 | How are SPACs helping Israeli companies on the global market? Speaking at FinTech2021, Partner at DTCP, Guy Horowitz, discussed the money coming into Israeli companies via SPACs and what it means for the market. Watch full video
BiblioTech | CTech’s Book Review: Principles by Ray Dalio. Principles “is interesting, inspiring, and very relevant to anyone looking to be successful in life,” says iAngels’ Shelly Hod-Moyal. Read more
Opinion | Rising tech salaries and exchange rate pushing multinationals to reconsider Israeli R&D. “A significant increase in salaries can provide a nice addition to the Israeli tax authorities, but at the same time, it can become a real threat for future investments in Israel,” writes Ami Aharonovich of Aerospike. Read more
AnyVision raises $235 million Series C led by SoftBank. The Series C is one of the largest ever funding rounds for an AI-based face recognition company and comes after it had previously raised a total of $115 million. AnyVision employs 240 people, half of them in Israel. Read more
Aleph Farms completes $105 million Series B round. The company anticipates an initial market launch in 2022 and intends to scale up manufacturing, grow its global operations, and expand its product lines and technology ahead of that. Read more
Silk secures $55 million for cloud migration and acceleration platform. The Silk Platform enables enterprises to migrate their mission-critical applications to the cloud seamlessly while increasing performance over on-prem environments. Read more
NanoLock secures $11 million Series B to boost OT and IoT device-level protection. The Israeli startup’s solution is used by utilities, industrial companies, and large ecosystem partners in Japan, Italy, Switzerland, Netherlands, and the U.S. Read more
Medorion raises $6 million for its health insurer platform. Medorion has developed an AI-powered SaaS platform that analyzes drivers or barriers behind people’s health decisions. Read more
Spotlight | Yoran Imaging hopes to seal the deal and change the industry. Based on military technology, the Israeli company developed a packing monitor system already used by major conglomerates that “for the first time can visualize the sealing process and apply artificial intelligence.” Read more
A Day in a Life | The coder with a gardening hobby. Leon Averbuch, Senior Full Stack Developer at Stampli, enjoys coding day and night, but makes sure not to forget to water the plants. Read more
Millennium Food-Tech signs strategic agreement with Strauss Group.
Strauss Groups’ The Kitchen was founded in 2014 and has invested in 19 companies, such as Aleph Farms, Better Juice, and more. Read more
PropTech startup Bllink raises $1.6 million led by Wix executives. The Israeli startup’s platform allows buildings and their committees to manage and execute all building payments digitally and automatically. Read more
JerusalemTech | How does Binerva remove psychological biases in investment? Speaking at JerusalemTech, Binerva founder and CEO Rotem Peled discusses how AI can help entrepreneurs and investors. Read more
Opinion | Entrepreneurs, invest in research, not patents. “The same resources and energies that you chose to direct into patent registration could have been invested in academic research, which could give you almost the same result,” writes Edgify CTO Nadav Tal Israel. Read more
