Moovit Interview, GigaSpaces Round and Covid-19 Breakthrough in Today's Roundup

Moovit CEO Nir Eraz says billion-dollar deal with Intel was done over Zoom while fund Fortissimo leads $12 million GigaSpaces round

CTech 19:5405.05.20

Interview | Intel acquisition happened very quickly, it was all done over Zoom, reveals Moovit CEO. Nir Erez provides behind the scenes details of this week’s billion-dollar deal and how he is able to score free meals. Read more


Private-equity fund Fortissimo leads $12 million GigaSpaces funding round. Fortissimo is eyeing a majority stake in the Israeli company that offers platforms for mission-critical applications across cloud, on-premise or hybrid. Read more



Moovit application. Photo: Bloomberg Moovit application. Photo: Bloomberg


Israeli army partners with HMO to develop innovative coronavirus testing unit. The unit allows for taking coronavirus samples while maintaining complete separation between the person being tested and the medical professional administering the test. Read more


MyHeritage project documenting remote tribes grabs Webby Award nomination. For the project, employees of the Israeli genealogy company volunteered to travel to distant locations worldwide and document the lives, histories, and traditions of isolated tribal communities. Read more


Fintech company Zeitgold raises 27 million euros in Series B funding round. The round was led by Vintage Investment Partners and is aimed at further developing and expanding the use of Zeitgold’s AI accounting software. Read more


Interview | Mapping the EdTech landscape in the time of coronavirus. The UK Israel Tech Hub, in collaboration with leading UK and Israeli EdTech players, is curating an interactive EdTech Startup Map to showcase solutions to challenges in education as a result of Covid-19. Read more

Cloud security startup Orca Security raises $20 million in Series A round. The round was led by GGV Capital, an early backer of Chinese e-commerce giant Alibaba. Read more


Exclusive | Amnon Shashua: Moovit fits in with Mobileye’s wider vision. On the day of Intel’s $900 million acquisition of Moovit, Mobileye’s CEO and co-founder shares with Calcalist the reasons they opted to buy the Israeli company and how it advances the future of mobility. Read more


Bennett hails breakthrough in discovery of Covid-19 antibody as Israel eases quarantine regulations. The government cancels local travel restrictions and sets out a schedule for the full return to school. Read more


Covid-19 won’t lead to drop in autotech startups, says Drive and Next Gear founder. Tal Cohen points to the fundamental problems at the heart of the auto industry and says startups are finding their place in it. Read more