CTECH- The Latest Israeli Innovation and Technology News
Cybersecurity valuations are a bubble, warn Check Point co-founders. Gil Shwed and Shlomo Kramer haven’t been partners for over two decades, but both believe that current cyber growth is unrealistic. Read more
Wiz co-founder: “I’d invest in the Shekel. The Israeli economy is on a
historical ascent.” Speaking at a Unit 8200 alumni conference, Yinon Costica called upon women to join the high-tech industry, stressing it is no longer the macho industry it used to be. Read more
Deci raises $21 million in Series A to help businesses deploy AI to
production. Deci’s end-to-end deep learning development platform helps AI developers build, optimize, and deploy AI models to any environment. Read more
Making peace in space: UAE will join Israel’s next Moon mission. The
next Israeli spacecraft will feature the flags of both the United Arab Emirates and Israel, and the countries will also use data from an Israeli-French satellite that monitors climate change to issue a call for proposals to better the environment. Read more
Deloitte Launchpad announces second cohort with 7 new startups. The companies will receive guidance from teams in the U.S and Israel to address three major challenges. Read more
Bites raises $5 million in Seed funding for employee-communications
and training solution. The Israeli startup’s product is currently being used by over 200,000 users, including at Unilever and H&M. Read more
Appointments | Bessemer Venture Partners appoints Ariel Sterman as new VP. “Ariel is a rare type of investor that entrepreneurs and early-stage teams need by their side,” says Adam Fisher, Partner in Bessemer’s Tel Aviv office. Read more
Appointments | DataRails bolsters executive team with four new
hirings. The cloud collaboration platform has appointed a new CFO, VP of Sales, VP of Marketing, and VP of Product. Read more
Spotlight | Making vendors safe again: Panorays tackles third-party
cybersecurity. The platform automates all third-party actions during due diligence, making the process run trouble-free. Read more
Round B | Even today, slow and steady wins the race. “In a market
largely driven by an ‘all or nothing’ mentality, it is no longer enough to showcase a quality product,” writes Shaul Olmert, however, “trying to convince investors, and yourself, that you have superpowers is a very bad idea.” Read more
Shlomo Kramer’s Cato Networks hits $2.5 billion valuation in $200
million round. The Israeli entrepreneur’s latest unicorn has developed a cloud-based network that enables secure, rapid, and affordable enterprise communications. Read more
Health benefit platform Insurights raises $22 million seed round. The
Israeli startup’s digital platform helps employees find lower-cost providers and informs them about relevant preventive care benefits. Read more
Israel’s Trigo partners with Tesco to power fully autonomous grocery
store in London. This will be the first time anyone other than Amazon is rolling out frictionless checkout grocery stores. Read more
Smart skin startup X-trodes completes $4.5 million seed round. The
Israeli bio-convergence company has developed scalable wireless “Smart Skin” that can help people monitor sleep from their bed and also shorten the recovery from muscle injuries. Read more
Israeli startup AIR unveils electric plane that takes off and lands
vertically. The company, which was founded in 2017 and has raised $10 million to date, has revealed for the first time its “Air taxi,” which will fly at 250 km/h for a range of 160 km. Read more
Valence emerges from stealth with $7 million in funding to solve
integrations risks. The Israeli startup’s platform continuously alerts on anomalous activities and unauthorized data access across the Business Application Mesh. Read more
Qualitest’s acquisition of telexiom paves its way to Europe. The
company has been on an acquisition spree this year, completing its fourth in 2021. Read more
India, UAE, and Israel announce cooperation to grow trade. The
initiative was announced Tuesday in Dubai as part of an event attended by the Beyond Business delegation organized by Bank Hapoalim and the Export Institute. Read more
Software quality startup SeaLights raises $30 million Series B. The
Israeli startup’s cloud-based solution provides its customers with full visibility into every potential quality risk associated with their software changes in real-time. Read more
Cultured meat takes center stage at Calcalist and Tnuva FoodTech 2021 competition. First place winner, ProFuse Technology, and second place Alfred’s Food-Tech both operate in the cultured meat field. “Israel is becoming a powerhouse in the field of foodtech and agrotech,” said Tnuva CEO. Read more
Israeli unicorns turning to M&As to satisfy investors massive appetite for growth. With organic growth slowing down, and plenty of capital in the coffers courtesy of investors, growth acquisitions have become a key tool in the arsenal of companies desperate to generate a return for investors who believed in them. Read more
Metrolink raises $22 million seed round for dataflow infrastructure
solution. The Israeli startup boasts a founding team made up of former senior officers in the IDF’s Unit 8200 and Unit 81, as well as tech veterans. Read more
Silicon Valley to Silicon Wadi: California-Israel economic ties are
stronger than ever. A new report by the Bay Area Council Economic
Institute has highlighted the robustness of the economic ties between both states, with California being home to 22 Israeli-founded technology unicorns, the most of any US state. Read more
Deel valuation surges fourfold in six months to $5.5 billion, raises
another $425 million. The company, co-founded by Israeli Alex Bouaziz, offers payroll, HR, compliance, perks, benefits, and other capabilities needed to hire and manage a global team. Read more
“Israeli fintech companies have an incredible opportunity for
investments in Abu Dhabi.” Sabah al-Binali, head of the Gulf region at OurCrowd, welcomed Israeli investors in a panel on fintech investments held by Abu Dhabi Global Market (ADGM). Read more
Roche partners with Ibex Medical Analytics for AI-assisted cancer
detection. The Israeli AI-based cancer diagnostics startup will jointly develop an embedded image analysis workflow for pathologists to help diagnose early cancer detection. Read more
German lunar shuttle to fly Israeli Helios hardware to the Moon. The
OHB corporation signed an agreement with the Israeli space tech startup to send its lunar mining hardware to the Moon by 2025. Read more
Navina secures $15 million Series A for AI primary care platform. The Israeli startup uses medically-informed artificial intelligence to replace disorganized patient data with a logical grid to assist primary care physicians in making complex decisions. Read more
The companies rejecting the work-from-home concept. Some high tech companies are trying to adopt a flexible hybrid work model, but others still demand employees show up at the office five days a week. So will hybrid models stick around, or is it just another fading fad? Read more
Opinion | Developers should take advantage of the good times to
discover what really makes them happy. “What happens when you reach the pinnacle of your professional aspirations and then realize that you have lost touch with the reason why you started the journey in the first place?” asks Leehee Yaron Gerti, Director of Marketing at CodeValue. Read more
Medical device giant Medtronic to acquire Israel’s Triple Jump for
$300 million. The Israeli startup has developed a small insulin pump patch with mobile connectivity capabilities. Read more
Wonder Robotics’ mission to be the Mobileye for drone landings. While drones can fly without human intervention, the company hopes to be the eyes for devices looking to land in any condition. Read more
Former Mossad chief focusing on business, not bad guys, in first
public visit to Abu Dhabi. Yossi Cohen, who currently heads SoftBank’s investment operations in Israel, is visiting the UAE as part of the Beyond Business 2 delegation organized by Bank Hapoalim, in collaboration with the Israel Export Institute. Read more
Tomorrow.io CEO: Climate security is going to become the new
cybersecurity. Shimon Elkabetz is planning to round the earth with satellites and calls for more investments in climate solutions. Read more
Opinion | Unicorn madness triggered by VC Godzillas cannot end well. “We are in the land of the unicorns, on the express train of value multipliers, and I as an investor, and many like me, want to shout stop the train! I want to get off,” writes one very concerned investor. Read more
Eco-friendly construction: how one startup is building a recyclable
future. Criaterra Innovations creates sustainable building materials to build office and residential buildings that can be recycled and reused. Read more
Israeli-developed app proven to reduce blood pressure, study shows. A JAMA study of over 28,000 participants found that 84% of Hello Heart users reduced their blood pressure over three years. Read more
Influencer video platform LetsTok raises $1.5 million pre-seed. The
Israeli startup has developed a marketplace that allows influencers and opinion leaders to connect with their fans for personalized advice, counseling, and guidance. Read more
Which Israeli start-up will make the list of future industry leaders?
The Calcalist and Bank Leumi Mind the Tech New York conference, which takes place November 15-17, will serve as a stage for Qumra Capital’s rankings of potential future industry leaders. Read more
Opinion | Socio-emotional learning – why is it important, and how do
you do it? To prepare Generation Z for dealing with the world, one needs to understand the reality in which they live. What is going on there, and how can it be helped? And what does that have to do with an oxygen mask on the plane? Read more
