CTech’s Weekly Roundup of Israeli Tech News
Hardware hacking is a global problem, says cyber executive. ARM to partner with cybersecurity firm Cybereason to develop secure IoT chips
ARM to partner with cybersecurity firm Cybereason to develop secure IoT chips. ARM has come to dominate the mobile market with its designs of energy efficient chips and is forecasted to be a major player in the future market of connected devices. Read more
Yossi Appleboum. Photo: PR
Facebook deleted thousands of accounts ahead of Israeli municipal elections. The social network collaborated with an Israeli government cyber defense organization on the issue, drawing criticism about the tie-up. Read more
Nvidia sets up new AI outpost in Israel. The Tel Aviv-based center will be under the aegis of the chipmaker's research division. Nvidia opened a research and development center in the country last year. Read more
Israeli innovation hub gets top marks in global competitiveness index. Israel was ranked 20th out of 140 countries on the index, weighed down by cumbersome business-related bureaucracy. Read more
Video | This robotics startup plans to fund engineering courses for the people it plans to put out of a job. Skyline Robotics develops a software that turns existing machinery in high-rises into window cleaning robots. Watch the video
Israel to require license for using electric bicycles and e-scooters. The Israeli government has approved a new set of regulations restricting the use of electric scooters and bicycles. Read more
Glilot Capital raises $110 million third fund. The fund will focus on early stage investments in artificial intelligence, big data, and cybersecurity startups. Read more
Israeli court moves to block online gambling sites. While Israel plays host to numerous online gambling outfits, legislation prohibits offering such services to locals. Read more
M&A and IPOs
Temasek acquires cyber consulting company Sygnia. Read more
Nasdaq-Listed SolarEdge to Acquire South Korean battery company Kokam. Read more
Novartis-backed Gamida downgrades Nasdaq IPO expectations to $50-$60 million. Read more
Startup funding
Open source management company WhiteSource raises $35 million. Read more
Autotech startup Cognata raises $18.5 million. Read more
Autonomous vehicle startup Vayavision raises $8 million. Read more
Live video courses marketplace Jolt raises $7.2 million. Read more
Encryption startup Kindite raises $4 million. Read more
Blockchain cybersecurity startup Valid raises $2 million. Read more
Roquette backs Israeli seed breeding startup Equinom. Read more
Retail tech startup IntraPosition raises $1.5 million. Read more
ASX-listed satellite company SAS receives grant from Polish government. Read more
Israeli pharma retailer invests in local online food delivery company Bring Bring. Read more
Food waste elimination startup Wasteless raises $2 million. Read more
