CTech's Wednesday Roundup of Israeli Tech News
Cybersecurity company SentinelOne raises $120 million; Israel Investment Partners raises debut fund cap to $500 million
14:5705.06.19
Cybersecurity company SentinelOne raises $120 million. While SentinelOne did not disclose its valuation for the round, co-founder and CEO Tomer Weingarten told Calcalist in an interview that it was nearing $1 billion. Read more
Tel Aviv. Photo: Shutterstock In search for innovation, EU corporations turn their eyes to Tel Aviv. Forty-one large European corporations currently operate an innovation outpost in Israel, almost half of which have set up shop in the past three years, according to a new report. Read more
Israel Investment Partners raises debut fund cap to $500 million. The Tel Aviv-based firm boasts ties to Israeli government ministries, which have denied all contact with or knowledge of the fund and its activities. Read more
Tel Aviv. Photo: Shutterstock Israeli billionaire Idan Ofer hired Black Cube to spy on Israeli officials, report says. Israeli investigative news show "Uvda" reported that Ofer, whose businesses operate in the domains of shipping, drilling, and mining, hired Black Cube to spy on members of a parliamentary committee which looked into taxing the use of natural resources. Read more
Auto parts company Denso partners with Tel Aviv-based startup Ottopia. Ottopia develops a remote control system for autonomous vehicles, which allows human operators to remotely assist a vehicle’s AI system in making decisions. Read more
Sky Fund looking to sell Groupon Israel for NIS 100 million. Israel-based Sky owns a 58% stake in the website, while the international Groupon company owns 17% after selling most of it in 2017. Read more
Automotive cybersecurity startup GuardKnox raises $21 million. Guarddknox’s technology, which automatically analyzes all messages entering a vehicle’s networks in real time, was adapted from methodologies used to defend fighter jets from cyber attacks. Read more
Royalty distribution startup Revelator launching mobile payment app for musicians. The application enables musicians to cash out royalties at any given time once a song has been streamed or played on the radio. Read more
OurCrowd partners with Noah Advisors to promote European startups. OurCrowd enables accredited investors from more than 180 countries make micro-investments in pre-vetted startups. Read more
