CTECH -The Latest Israeli Innovation and Technology News
ironSource to acquire Tapjoy in $400 million deal. The acquisition is expected to strengthen ironSource’s platform which helps mobile app and game developers with monetization. Read more
Israeli tech investor Vintage Investment Partners raises $812 million. The firm, founded by Alan Feld, has closed a new $500 million fund-of-funds and an additional $312 million secondary fund. Read more
AI shopping startup Karma announces $25 million Series A. The Israeli company’s fundraising was led by Target Global and MoreTech Ventures. Read more
Interview | TripActions CEO: “We will become the Amazon of business travel.” Ariel Cohen is aiming high after raising another $275 million at a $7.25 billion valuation and admits an IPO is on the horizon. Read more
IL Tech in NY | Siemplify: “The U.S. market is the holy grail for Israeli tech startups.” In collaboration with Israeli Mapped in NY, Siemplify has joined CTech to share insights behind their reason to set up a base in the U.S. Read more
Cyber insurance unicorn At-Bay raises another $20 million to take Series D to $205 million. The Israeli company, which is valued at $1.35 billion, added new investor ION Crossover Partners. Read more
A Day in a Life | Amplio’s potter helping shape the therapy world into a data-based field. When she’s not busy with her job as a Learning Researcher at Amplio Learning, Shani Perl is probably working on her thesis in linguistics neuroscience, having fun with clay or on the beach surfing on SUP. Read more
Startup boards lack transparency, women, survey shows. Over 300 Israeli startups and investors took part in the Startup Snapshot report, highlighting rising board expectations that CEOs are struggling to manage. Read more
FoodTech 2021: The path to healthy eating – from the lab to your plate. Protein-enriched powder, personal food recommendations, capsules that transform into a nutritious meal, cultivated meat, replacing synthetic compounds with plant-based alternatives, extending shelf-life, and superfoods, are all included in the innovations of 11 Israeli startups who reached Tnuva and Calcalist’s FoodTech 2021 finale. Read more
How JOKR’s battle against Amazon accidentally made its way to Startup Nation. After being given $170 million to offer 15-minute grocery delivery in the U.S and Europe, JOKR has set up an R&D base in Israel thanks to one person’s relocation. Read more
Opinion | This Mental Health Day, let’s take a look at social media. The ethical, legal, and social issues raised by this emerging intersection of mental health and digital innovations are non-trivial, writes Prof. Dov Greenbaum. Read more
Traveltech company TripActions raises $275 million at $7.25 billion
valuation. The Israeli-founded startup said that its booking volume has now exceeded pre-Covid levels due to increased market share and product innovations. Read more
“Israeli tech’s next phase will be an era of decacorns.” While not over yet, 2021 has been a record-breaking year for Israeli high-tech. Could 2022 be even better? CTech gathered top investors to find out. Read more
State of Mind Ventures announces two new funds totaling $200 million. The Israeli VC also named two new partners in Merav Rotem Naaman and Andy Bellass. Read more
Israeli tech continues to break records, raising $17.8 billion in
first nine months of 2021. Local tech companies have already raised 71% more than in all of 2020, while exits also skyrocketed, reaching $18.92 billion in the first three quarters, almost doubling last year’s total. Read more
Analysis | Six reasons for Wiz’s $6 billion valuation. The cyber company’s high valuation may seem odd, but when realizing its investor, Insight Partners, looks at things in a whole different manner, it makes far more sense. Read more
With the creation of Desertech, Israel is finally ready to tap into
its biggest resource. Israel’s Negev is the perfect spot for a global effort to turn the desert into a hub of innovation and economic growth. Read more
Better Health raises $10 million Series A to scale its bundled medical
supply model. Better Health’s solution bundles peer support, education, telehealth, and the home delivery of medical supplies. Read more
Appointments | EX.CO appoints Shachar Orren as Co-Founder. Orren will serve alongside Founder and CEO Tom Pachys to focus on global
marketing and strategic efforts. Read more
Opinion | Fintech finally firing on all cylinders. “Fintechs, for a decade the proverbial outsiders knocking on the door of established institutions, are posting growth other sectors only dream about,” writes Adv. Yair Geva, head of Tech Division at Herzog Fox & Neeman. Read more
Hibob enters unicorn club with $150 million round at $1.65 billion
valuation. The HR management platform becomes the latest Israeli company to join the $1 billion club after experiencing accelerated growth during the pandemic. Read more
New unicorn Hailo raises $136 million Series C for AI chips for edge
devices. The Israeli company develops microprocessing chips for artificial intelligence applications used in autonomous cars, unmanned aerial vehicles (UAV), internet of things (IoT) devices, and smart home appliances. Read more
Grand Slam deal: Slinger acquires Israeli sports-tech company PlaySight for $82 million. The American company will aim to leverage the Israeli startup’s smart court technology. Novak Djokovic, Billie Jean King, and Pete Sampras all invested in PlaySight. Read more
Looking for a job in tech? Welcome to the jungle. Employers that
cancel interviews at the last minute, ask personal questions, or give candidates impossible tasks to complete – even in an employees market, the path to getting a job in tech is far from from simple. Read more
Wiz hit $6 billion valuation on $25 million annual revenue. The Israeli cybersecurity startup saw its valuation more than triple over the past six months. “We will not sell the company. We will take it public. We have record-breaking results in every aspect,” said CEO Assaf Rappaport. Read more
Cybereason teams up with Google Cloud for cloud-native XDR solution. The collaboration will help automate prevention for common attacks, guide analysts through security operations and incident response, and enable threat hunting with precision. Read more
Ichilov Hospital and Sanara Ventures to join forces to promote
innovation in neurology. The investment platform will invest in the hospital’s innovative technologies, giving it the opportunity to identify early-stage startups in the fields of neurology, digital health. Read more
“The notion of ‘a company as a family,’ is treated today with
contempt.” What do employees need, what do they want and how to attract them, were some of the topics at the center of discussion at the Tech@Work conference. Read more
Appointments | Cybersecurity startup Morphisec names Hudi Zack as CPO. The Former Chief Executive Director of Technology at the Israeli National Cyber Directorate will lead the company’s R&D and product teams. Read more
Wiz valuation rockets to $6 billion following $250 million round. The
Israeli cybersecurity startup’s latest funding round comes just six months after a $350 million round at a $1.7 billion valuation. Read more
Cellebrite to acquire Digital Clues in all-Israeli deal. The acquisition will strengthen Cellebrite’s platform and help the company grow its footprint within law enforcement intelligence and investigation units globally. Read more
“Working in this tech sector as a woman, you have to be just a little
bit better.” Dr. Sandra Cauffman, Deputy Director for the Earth Science Division at NASA, was speaking at a panel of top female space experts as part of World Space Week in which Israel participated actively for the first time last week. Read more
8200 Impact’s 7th cycle kicks off with a slew of new startups. The
five-month program will host physical workshops, events, and meetups with entrepreneurs. Read more
“The competition for talent made us look inward and ask what our
employees need.” Calcalist’s Tech@Work conference brought leading HR executives and recruiters to discuss the talent shortage, and what changes are required to get the candidates you want. Read more
Storage Drop partnering with Port of Ashdod on pilot to store green
energy. The Israeli startup, headed by former IDF Chief of Staff Gadi
Eisenkot, has developed a system designed to store high-pressure air. Read more
Appointments | Dana Alexandrovich named Microsoft Israel COO.
Alexandrovich is being tasked with the company’s transition to the new data center being launched in Israel. Read more
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