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Winners and Losers of the Week: 4,000 Jewish and Arab Teens for Participating in Unistream’s Annual Startup Competition

Selection of this week's winners and losers by CTech's Editor Elihay Vidal

Elihay Vidal 08:4026.07.19
This week’s winners are:


4,000 Jewish and Arab teens for participating in Unistream’s annual startup competition. Unistream, an Israeli nonprofit, operates a multi-year after school program aiming to impart underprivileged teens with entrepreneurship and leadership skills. The outstanding business award for twelfth-grade students was handed to Genie, a group from southern Israeli town Ashkelon, who developed a smart device that identifies when a diaper needs changing. Read more


Unistream CEO Batsheva Moshe. Photo: Orel Cohen Unistream CEO Batsheva Moshe. Photo: Orel Cohen

Home insurer Hippo for raising $100 million at a $1 billion valuation. The round, bringing Hippo’s total funding to date to $209 million, was led by San Francisco-based Bond Capital. Existing investors Comcast Ventures and Miami-headquartered home construction company Lennar Corp. also participated in the round. Read more



This week’s loser is:


Israeli defense contractor IAI for laying off hundreds of employees. A previous agreement with the workers’ union, which expires in August, saw the state-owned company lay off 830 people and cut pay by 4%. Read more



This week’s data point: 6,000


Google is planning to play a meaningful role in the “lives” of 6,000 Israeli startups in the next three years. Today, there are nearly 7,000 startups active in Israel and, according to Matthew John Brittin, the company’s president of business and operations in Europe, the Middle East, and Afrika, Google just wants to inspire all these startups and give them the confidence to recognize opportunities. Read more



This week’s top deals:


Retail analytics company Trax raises $100 million. Read more


Travel booking startup TravelPerk raises $60 million. Read more


Website building company Wix to expand operations to Japan. Read more


Consumer lending startup Blender raises $22 million in debt financing, equity. Read more


Business management startup VCita raises $15 million. Read more


Alternative energy company EWP raises $13.6 million on Nordic IPO. Read more


Flight and hotel booking startup Smartair raises $6 million. Read more


Railway cybersecurity startup Cervello raises $4.5 million. Read more


Volvo backs Israeli road traffic injuries analysis startup MDgo. Read more
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