CTECH – The Latest Israeli Technology and Innovation News
Waze CEO on his decision to leave Google: “I was just worn down by the nature of the beast.” The CEO shares a personal and critical post about what led him to leave the world of Corp-Tech behind. Read more
Israel and U.S. to develop Arrow-4 ballistic missile shield. Israel Aerospace Industries to serve as prime contractor alongside Elbit Systems and Boeing. Read more
Israel is failing on the working from home front. According to Israeli labor figures, not all the Israelis that could be working from home are doing so, exacerbating negative employment trends. Read more
Interview | Data can only take you so far in sports, says 76ers owner. “Sport is a great teacher. There are winners and losers in sport, and there is a lot to learn from losing,” noted Josh Harris, owner of the Sixers, as well as the NHL’s Devils and Crystal Palace of the EPL. Read more
Qualitest acquires QA Infotech, an Indian-based quality assurance company. The acquisition will add approximately 1,000 new employees to Qualitest’s workforce. Read more
Proof in the numbers: Israeli HMO reinforces Covid-19 vaccine efficacy findings by Pfizer. Only 608 people out of a total 602,000 had tested positive for Covid-19 more than a week after receiving second dose. Read more
HR Post Covid | To keep creativity alive, Lightricks initiated its ‘Creativity Festival’. It can be hard to be creative when working from home during a year-long pandemic. Here’s how Lightricks inspired its staff. Read more
Blue White Robotics plows ahead with new autonomous tractor. The Israeli company is advancing the agtech sector with its ‘Robot-as-a-service’ for farm vehicles. Read more
How to solve the problem of piracy in sports broadcasts? According to data from Infront Lab, about 39% of the global OTT market is “pirated,” with lockdowns during the Covid-19 pandemic boosting the phenomenon. Read more
Gen-Xers, not Millennials were the main drivers of Wall Street frenzy, TipRanks data reveals. According to figures compiled by the trade analysis platform, investors aged 35-55 are the largest holders of GME and AMC stock. Read more
“CYE can be the Spotify of the cybersecurity world.” Petter Weiderholm, Global Head of IT Strategy at Swedish private equity giant EQT which invested $100 million in Israeli cybersecurity company CYE, believes it can emulate the success of Spotify, at which he served as VP. Read more
PayZen emerges from stealth with $5 million investment to provide affordable payment plans. The platform helps patients and hospital administrators plan, schedule, and pay 0% interest payments online. Read more
Analysis | Breaking down the inner workings of SPACs. Want to raise $1 billion according to a $2.5 billion valuation? Go ahead. When it comes to SPAC mergers almost everything is on the table. Read more
Israel’s SuperSmart raises $10 million for automatic checkout solution. “Deploying the app adds millions of dollars in earnings to the chains because shoppers tend to purchase more items,” says CEO. Read more
Prophecy fulfilled? Deep Instinct reports triple-digit increase in malware following prediction. Halfway through 2020, Deep Instinct’s Guy Caspi predicted a slew of online attacks following Covid-19. He was right. Read more
IoT security startup SecuriThings closes $14 million series A led by Aleph. SecuriThings Horizon is the first IoTOps solution that enables organizations to maximize the operational efficiency and security of their devices. Read more
Report: Israeli defense industry executives among 20 detained for illegal trade in suicide drones. The suspects had received instructions from entities related to an Asian country, not considered hostile by Israel, Ynet News reports. Read more
HR Post Covid | Candidates are less prone to switch jobs in Covid-19, claims Next Insurance. The pandemic brought plenty of uncertainty when it came to the job market, but insurtech startup Next Insurance was still on a mission to find top talent. Read more
Opinion | Women represent an untapped pool of scientific talent, what we need is more role models. In honor of the International Day of Women and Girls in Science, MeMed’s Dr. Mary Hainrichson offers some words of encouragement. Read more
The Israeli tech sector is soaring thanks to U.S. money printers going brrr. Hyperinflation is causing tech company valuations to spike, with 91% of startups reporting uprounds, shattering long-term failure statistics. Read more
Israeli cybersecurity startup CYE raises $120 million series A led by European VC giant EQT. Hyver, CYE’s flagship product, uses advanced algorithms and graph modeling to conduct a comprehensive and accurate cybersecurity assessment, covering the entire organization, as well as third-party vendors. Read more
Israel’s accessiBe raises $16 million for web accessibility. The company’s product automates processes to make websites’ content accessible to users with disabilities, funds to be used to expand U.S. presence and R&D center. Read more
Teva in talks with Covid-19 vaccine manufacturers to co-produce shots. “We are positive towards contributing by manufacturing some of those vaccines that either have been approved or are just about to be approved,” said CEO. Read more
After 5 years of being bootstrapped, Lusha raises $40 million series A. “We’ve had many investment offers, but we wanted a partner who would bring added value and who we’d enjoy working with,” said CEO. Read more
HR Post Covid | Grounded: How Atlas LTA managed its aircraft during Covid-19 lockdowns. For a company that works in the skies, Atlas LTA had to adjust how it operated when everything was grounded due to the pandemic. Read more
Israel’s CardiacSence receives CE Mark for medical-grade watch. The watch will be distributed throughout the European Union and used as a medical device for continually measuring heart rate and arrhythmias. Read more
Israeli drone passes test in GPS-denied environments, speeding up drone-based delivery goals. The test demonstrates how threats against drones can be prevented in the future. Read more
Cloud platform anecdotes raises $5 in seed for enterprise-grade compliance. The round was co-led by Aleph and Glilot Capital Partners with participation from industry leaders. Read more
AI startup NeuReality emerges from stealth with $8 million seed round. The Israeli company has created purpose-built AI-platforms for ultra-scalability of real-life AI applications. Read more
What motivates employees? Clearly it isn’t internal competition. Less than 20% of salespeople improve their work performance through competition, while most prefer short-term challenges, finds startup Enerjoy that uses AI to measure employee motivation. Read more
Opinion | When countries attack companies. “It is time for policymakers to stop ignoring the potential damage caused by these attacks not only to the private businesses, but to the whole country,” says Guy Barnhart-Magen. Read more
