CTECH – The Latest Israeli Innovation and Technology News
Biotech startup Immunai earns unicorn status with $215 million Series B. The Israeli company has developed a technological platform that maps the entire immune system for better detection, diagnosis, and treatment of disease. Read more
Intel launches new Alder Lake processor – with the help of 1,000
Israelis. It’s being hailed by the company as its most ambitious project in the last decade. Read more
SoftBank makes $25 million convertible equity investment in OurCrowd. The Israeli venture capital platform will also enter into a strategic partnership with SoftBank Investment Advisers to consider investment opportunities. Read more
SixAI to invest $40 million to help commercialize IAI’s military
technology. As part of the agreement, Israel Aerospace Industries will make its in-house technologies available to SixAI as well as its laboratory services and experimental facilities. Poliakine: “Image processing that enables a missile to detect a target can also greatly upgrade CT scan capabilities.” Read more
Porsche, Goodyear investing in Israeli startup Tactile Mobility. The
$27 million Series C was led by Delek Motors and will be used to support growing demand for Tactile’s sensing technology and data offerings. Read more
Israel Innovation Authority approves NIS 220 million for agritech
innovation. The authority will establish four new consortia to promote innovation in cultivated meat, insect farming, human-robot interfaces, and fluid sampling. Read more
Arkin Holdings raises $270 million for new biotech fund. The new fund, which will be named Arkin Bio-Capital, intends to invest in 8-10 companies that are developing innovative medicine and plan on going public in the near future. Read more
Israel’s Browzwear named one of Fortune Impact’s ‘companies doing good while doing well’. The second annual list highlights companies that successfully balance profit and purpose in business. Read more
Opinion | Can AI bridge the 4 million cyber security professionals gap needed worldwide? Cybersecurity and IT personnel must acknowledge the fact that AI-based automation is here to stay and adapt their skill set and expertise to leverage AI, writes Moshe Karako. Read more
Special project: Israel’s complete list of unicorns. Unicorn-nation: how Israel became a production line for companies valued at over $1 billion. Read more
Fabric joins unicorn club with $200 million Series C. The Israeli startup which develops robotic solutions for the fulfillment center industry is valued at over $1 billion following its latest round. Read more
Augury secures $180 million Series E, takes valuation over $1 billion.
The Israeli company focuses on machine health, offering a platform that alerts to issues on production lines. Augury CEO: “When the right time comes we will go public.” Read more
Bizzabo acquires Israeli startup TeeVid to enhance its video production suite. It marks the third acquisition in five months for the company, although the amount was not disclosed. Read more
BackBox closes $32 million Series A for the hybrid multi-cloud era.
The news also comes with the appointment of Andrew Kahl as the new CEO
and a move to Dallas. Read more
Piiano raises $9 million in Seed for enterprise data security. The
platform helps security and privacy teams monitor and gain data-driven insights while helping developers partition and isolate PII. Read more
IAI unveils new mini satellite, cloud capabilities at Dubai Expo. The
aerospace company unveiled its new mini communication satellite, and launched a cloud-based ground station for satellite-generated data. Read more
Opinion | The 2008 crisis drove a wedge between banking and tech, the current crisis pushes them closer. “Banking is essential to the existence of society and trade as we know them, and it is changing rapidly through the progress of technology, adoption of new social values, rising of new competitors and, unfortunately, coping with global crises as well,” writes Avivit Bender, Chief Corporate Development and Fintech Officer at Bank Hapoalim. Read more
Opinion | The technologies you didn’t know financial institutions are
using. “Financial institutions are making big bets and even bigger investments in technology and while many of these capabilities are behind the scenes, it’s both clients and employees who will benefit in the long term,” write Paul McEwen and David Yeger of UBS. Read more
From prison to the TASE: the convicted murderer seeking a $250 million valuation. In 1998 Harel Hershtik was convicted of the murder of Yaakov Sela. Today, he hopes to become the CTO of a publicly traded company, with the support of Israel’s former National Security Advisor. Read more
AT&T opens a new R&D center in Tel Aviv. It will join the first R&D center in Airport City, which currently employs 500 people. Read more
Techstars TLV launches second accelerator program of 2021. It marks the first time Techstars has run two programs in the same year in Tel Aviv. Read more
The Israeli startup disrupting traditional markets with its AI crystal ball. Fetcherr can gather and analyze enormous amounts of data points from various verticals of industry and predict the price of anything from toasters to trousers. Read more
Making its name: Noname Security surges solving API vulnerabilities. Co-founder and CTO Shay Levi discusses why the company became focused on APIs and where he wants it to be in five years. Read more
Israel’s Tnuva chooses DCX Technology in $40 million contract for its supply chains. The deal makes it one of the largest ever commercial IT implementation contracts to be signed by an Israeli company. Read more
The Israeli startup combating drug-resistant bacteria. “Some 70% of antibiotics worldwide are administered to animals, and affected pathogens may later develop antimicrobial resistance and enter the environment, affecting humans,” says David Javier Iscovich, the CEO of Mileutis, which has developed an antibiotic-alternative for dairy cows and animal health. Read more
aMoon raising new massive healthtech fund. The Israeli life sciences VC didn’t reveal the magnitude of the new fund, but it is expected to be in the region of its previous $750 million fund. Read more
Tech leaders calling for combat soldiers to join their ranks. With a growing manpower shortage, many in the tech ecosystem seek solutions outside traditional recruitment hubs. Read more
Israeli court: Oracle did not meet security requirements for government cloud tender. The District Court in Jerusalem released its verdict dismissing Oracle’s appeal following its failure in the Nimbus tender. Oracle plans to appeal again. Read more
Quris raises $9 million in Seed for its clinician prediction AI platform. The announcement coincides with the launch of its platform via a partnership with the NYSCF Research Institute. Read more
Report: 36% of Israeli companies report weekly cyberattack attempts. The Cyber Readiness Report by Acronis explains the modern cybersecurity landscape and pain points faced by businesses around the world. Read more
“Israeli climate-tech entrepreneurs will build next generation of unicorns.” Some 9% of startups founded in Israel in 2020 operate in the climate tech sector, and the country is rapidly becoming a world leader in cultured meat, irrigation systems, precision agriculture, and water desalination technologies, says IIA and PLANETech report. Read more
Continental to monitor truck tires using Traffilog’s tech. The German tire manufacturer will use the Israeli company’s system to remotely prevent faults in heavy vehicles. Read more
Appointments | Aidoc appoints Yuval Segev as its new Director of Cybersecurity. In recent weeks, Israel has been victim to a growing number of cyber threats that have specifically targeted hospitals. Read more
Opinion | The rule of law? More like the code of law. We could imagine a world where the law is code, and that code is available to everyone on our smartphones such that we could know how to act legally regardless of the situation before us, writes Dov Greenbaum. Read more
