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CTech's Wednesday Roundup of Israeli Tech News

Intel among bidders for chipmaker Mellanox; Israeli companies bagged a fifth of all cyber venture capital investments in 2018

CTech 14:1130.01.19

Intel among bidders for chipmaker Mellanox. Mellanox is currently up by as much as 22.52% on Nasdaq in pre-market trading. Read more

Intel products. Photo: Intel Newsroom Intel products. Photo: Intel Newsroom

Israeli companies bagged a fifth of all cyber venture capital investments in 2018. Israel and Lithuania signed a declaration of intent to increase cybersecurity cooperation on Monday. Read more

 

Cybersecurity company Cato Networks raises $55 million. The round was led by California-headquartered Lightspeed Venture Partners. Read more

 

Tel Aviv-based transcription startup Verbit raises $23 million. Verbit develops an AI-based system capable of automatically transcribing recorded speech. A human operator fluent in the relevant field then checks the output for errors and inaccuracies. Read more

 

Healthcare cybersecurity startup Medigate raises $15 million. Medigate's technology protects medical devices from cyber attacks once connected to a healthcare provider network. Read more

 

Cybersecurity company Salt Security raises $10 million. Y Combinator graduate Salt Security uses artificial intelligence algorithms to develops protection tools for application programming interfaces (API). Read more

 

Insurance company AIG Israel to pay claims using mobile payment app. The Israeli branch of AIG is in advanced negotiations to use mobile payment app Pepper Pay to pay off insurance claims, according to one person familiar with the matter. Read more

 

Vertex Ventures Israel, TLV Partners were Israel’s busiest venture firms in 2018. According to a new report published Tuesday, the two venture firms each made 11 first investments in Israeli companies last year. Read more

 

Ridesharing company Via drives straight out of Compton. The new pilot enables individuals to route shared vehicles to and from three Metro stations– Compton (Artesia), El Monte and North Hollywood. Read more

 

Moovit launches real-time public transport tracking system. The information is received through an app that runs on any smartphone or tablet that the driver carries on the bus, and constantly transmits the vehicle’s location to Moovit’s servers. Read more

 

German satellite manufacturer OHB enters joint venture with Israeli defense contractor IAI. As part of the deal, OHB and IAI will develop a lunar lander for the European Space Agency. Read more

 

Rafael signs strategic partnership with Ben Gurion University. As part of the agreement, the two entities will collaborate on research in the fields of cybersecurity, smart mobility, robotics and artificial intelligence. Read more

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