CTECH – Latest Israeli Technology and Innovations News
Exodigo digs up $29 million in Seed funding for 3D subsurface imaging platform. The Israeli startup’s platform can create a digital geolocated, 3D map of buried assets – from man-made pipes and cables to soil layers, rocks, minerals, and groundwater across any terrain. Read more
Classiq raises $33 million Series B for quantum computing software
platform. The Israeli startup has developed a technological solution that facilitates a simpler way for quantum computer software development. Read more
Spotlight | Simplified Shipping: Freightos’ digital booking platform
is innovating the freight industry. Founded a decade ago out of the need to simplify the complicated, old fashioned world of international shipping, Israel’s Freightos aims to become the Booking.com of freight. Read more
Female Founders | Reneta Jenik, Foodom – Creating a private chef
marketplace. “Our mission is to make dinnertime joyful, full of excitement . This is a $3 trillion market in the U.S. alone,” says Jenik. Read more
Appointments | BLEND appointments two new executives to leadership team. The company, whose platform employs AI technologies and linguist experts to help businesses expand to new markets, appointed Ron
Kraitsman as CFO and Noa Menko as VP of HR. Read more
Startup Boarding Pass | Kiinns: “A paradigm shift has to take place” in food safety. The company is looking to raise money for its Seed round to help clean up food production lines. Read more
Opinion | MLOps as the key to unlocking the potential of AI. “While the promise of AI has made its way into our lives, its steep barriers and increasing requirements have made only the most technologically advanced organizations able to harness its true potential,” write Shay Grinfeld and Itay Inbar of Greenfield Partners. Read more
Out of the Bubble | “The way the students have impacted Beer Sheva is quite tremendous.” Prof. Mor Peretz, Founder and CEO at CaPow Technologies, shares the way the younger generation is impacting his hometown of Beer Sheva. Watch full video
Fireblocks acquiring crypto payment platform First Digital for $100 million. The purchase of fellow Israeli company First will see Fireblocks expand its existing payments capabilities by allowing payment service providers (PSPs) and acquirers to accept payments and make payouts in digital currencies. Read more
Vanilla Vida raises $11.5 million Series A to innovate the vanilla value chain. The Israeli company claims to be the first in the world that has succeeded in developing a commercial solution for the entire value chain of vanilla, from cultivation through to the end product. Read more
Trullion secures $15 million Series A for AI-accounting platform. The Israeli startup’s financial automation platform takes unstructured data such as PDFs and translates them into real-time financial images, including Lease Accounting and Revenue Recognition. Read more
Israel to invest over $60 million in country’s first quantum computer.
The investment in quantum computing is added to the investments of tens of millions of shekels that has been carried out so far as part of the National Quantum Science and Technologies Program. Read more
Israeli startup GEOX to assess damage to millions of Japanese buildings for insurance giant Sompo. The company’s AI technology for analyzing 3D aerial images will help the Japanese conglomerate to improve the accuracy of the risk assessment and underwriting processes. Read more
Appointments | NoTraffic expanding leadership team with ex-Amazon, Sapiens, and HERE executives. The new staff will help bolster NoTraffic leadership as the company, which specializes in urban mobility, capitalizes on its North American growth. Read more
Female Founders | Hilit Vainberger, Frenn – The secret to growing company culture. “I want to be the Salesforce of talent management. I believe this is the next big thing after Sales and Product-centric companies. Now, it’s time to focus on the people factor: talents,” says Vainberger. Read more
Out of the Bubble | Valid Network reveals its decision for keeping its research base in Beer Sheva. The company, which was born out of the region’s JVP Cyber Labs, discusses its attraction to staying in the region. Watch full video
How does Beer Sheva overcome the talent crunch in Israel’s tech sector? Hila Goldman-Aslan, Co-Founder and CEO of DiA Imaging Analysis, talks to CTech about the challenge of hiring experienced talent in the south of Israel. Watch full video
Round B | Competition: What is it good for? While competition certainly does make the business world go round, sometimes a perceived competitor isn’t actually that. Read more
BiblioTech | CTech’s Book Review: Adopting extreme ownership in life and business. Alon Silberberg, Co-Founder and CEO of YuviTal, shares insights after reading “Extreme Ownership: How U.S. Navy SEALs Lead and Win Book” by Jocko Willink and Leif Babin. Read more
WSC Sports scores $100 million Series D for highlights platform. The Israeli company’s AI technology platform automates the creation and distribution of highlights for over 200 leagues and broadcast partners across the globe, including the NBA, ESPN, YouTube TV, and Tencent. Read more
Intel acquiring Israel’s Tower Semiconductor for $5.4 billion. Tower specializes in analog chips used in the automotive, mobile, medical and aerospace industries. Read more
Analysis | After decades of uncertainty, Tower is reaping the benefits of the chaos in the chip market. The Israeli chip company is being sold to Intel for $5.4 billion; The deal comes after years of uncertainty over Tower’s viability, but today the company is able to meet Intel’s need to split its production capabilities and reduce activity in the East. Read more
Nintex acquiring Israel’s Kryon for $100 million. Kryon’s process discovery and robotic process automation (RPA) technology is used by the likes of AIG, Verizon, LTCG, and CP. Read more
Permit.io raises $6 million Seed funding led by NFX to streamline permissions in cloud-native applications. The Israeli startup provides all of the required infrastructure to build and implement end-to-end permissions out of the box, so that organizations can bake in fine-grained controls throughout their organization. Read more
Volunteering platform startup headed by 22-year-old raises $12 million Seed round. Vee’s platform hosts a wide range of volunteering opportunities, enabling HR teams to easily find, coordinate, and share charity events. Read more
Cloudinary employees net $110 million in secondary deals at $2 billion company valuation. The Israeli company reached $100 million in annual recurring revenue last year with its automated, AI-powered media
management platform. Read more
Fintech company Sharegain raises $64 million for securities lending platform. The Israeli startup has developed a Securities Lending as a Service (SLaaS) solution, which enables online brokers, private banks, asset managers, and custodians to lend their stocks, bonds, and ETFs. Read more
Startup Boarding Pass | Louie7AI’s big mission to tap into a $25 billion market. The company has received an early investment from Zur Erez, founder of Tenengroup, to honor privacy and anonymity in online shopping. Read more
Appointments | Mor Grisariu-Pastor appointed VP Payments at Karma. Grisariu-Pastor previously led management and strategy for Mastercard and Deloitte, where she focused on promoting innovative and advanced payment solutions. Read more
Israeli tech companies are bracing for Ukrainian crisis escalation.
Numerous Israeli companies have R&D centers in Ukraine and some are already relocating employees due to the fear from a potential Russian invasion. Read more
Female Founders | Sigalit Mutzafi, RadGreen – Creating a safer and healthier work environment. “Raising money is probably more challenging. There is a need to prove your ability and professional knowledge to gain trust within the first moments of conversation,” she said. Read more
Out of the Bubble | Morphisec praises Beer Sheva as “the cyber center of Israel.” The company and its technology were born out of the Cyber Labs of Ben Gurion University. Watch full video
The IDF sees its move to Beer Sheva as a “fulfillment of Ben Gurion’s vision.” Speaking at Beer Sheva’s Gav-Yam Negev High Tech Park, Major Noam Bright discusses the role the IDF has in teaching tech to future
generations. Watch full video
Out of the Bubble | “If Beer Sheva was once the backyard of the innovation scene, it’s now coming to the forefront.” “If you come here you create something from nothing… You can say you were part of this tech miracle,” added Professor Dolev at CTech’s event in Israel’s southern cyber capital. Watch full video
Siraj Technologies is creating the next generation of Bedouin role models. “This potential is untapped,” said CEO of Siraj Technologies Othman Alshekh when discussing how his company helps the community. Watch full video
“The train actually goes both ways; it doesn’t go just from Beer Sheva to Tel Aviv.” Gabi Joffe, Israel General Manager at Allscripts dbMotion, invites young people to consider the opportunities found in Israel’s Negev region. Watch full video
The Negev tech scene is “a fast-growing environment and fast-growing region.” InNegev incubator helps startups specific to the region build their business and match the Tel Aviv hustle. Watch full video
New Israel EnergyTech map showcases sector’s growth. The new map, which includes nearly 100 companies, a 20% increase from 2020, aims to help multinational companies and VC investors identify Israeli companies and solutions in the field of renewable energy and climate change. Read more
Verto raises $1.2 million Seed funding for AI-driven 3D product visualization. The Israeli startup’s solution fully recreates a 3D object from smartphone photos, whether it is a piece of jewelry, shoes, eyewear, or another product. Read more
Israel’s ThetaRay to monitor transactions for UAE’s Mashreq Bank. UAE bank contract marks expansion of ThetaRay’s AI-driven solution into Middle East financial institutions. Read more
Female Founders | Revital Kristal, reTravel.io – Creating new revenue streams for travel companies. “Surround yourself with the right people, those who fit your DNA and human puzzle,” says Kristal. Read more
Software and security expected to drive the IPO market in 2022. With the expectations of rising interest rates to fend off inflation, experts believe that what unfolded in 2021 will not repeat itself again this year. Read more
BiblioTech | CTech’s Book Review: Adopting game theory for R&D strategies. Edo Yahav, VP R&D, GM Israel at SafeBreach, shares insights after reading “The Art of Strategy: A Game Theorist’s Guide to Success in Business and Life” by Barry J. Nalebuff and Avinash K. Dixit. Read more
