Israeli Cybersecurity is in Hot Demand and who Raised $190 Million?

CTech Daily Roundup: Elbit sells control of subsidiary Cyberbit for $48 million

CTech 22:4819.05.20
Elbit sells control of subsidiary Cyberbit for $48 million. Covid-19 lockdowns drove companies to use Cyberbit’s cloud-based training simulators to keep their teams combat-ready. Read more


Interview | In a world without sports, clubs can still retain fan support with Pico’s engagement tools. Pico has created a technology to turn engaged, anonymous sports and entertainment fans into identifiable customer profiles. Read more  

Cybersecurity. Photo: Freepik Cybersecurity. Photo: Freepik


Opinion | The Intel-Moovit deal and the precious data that the government is hoarding. 22 years after passing the Freedom of Information Law, Israeli researchers, entrepreneurs, and citizens must still jump through hoops to receive access to databanks that are essentially theirs. Read more


Website security startup Source Defense raises $10.5 million. Source Defense develops cloud-based software for automatically monitoring and detecting vulnerabilities on third-party applications used on websites. Read more


SaverOne launches IPO roadshow without waiting for key regulation. The app that prevents distracted driving is taking a risk with an aftermarket product that faces competition from Apple and Google. Read more


Clicktale parent company Contentsquare raises $190 million, expands Israel R&D center. Contentsquare intends to use the funds for research and development and to recruit more people for its offices in the Tel Aviv area, established with its 2019 acquisition of Clicktale. Read more


Information security is a core challenge for the IoT medical device industry, says Bio-T CEO. Bio-T develops cloud-based software for managing internet-of-things medical devices and storing and analyzing the data they collect securely. Read more


Online used car merchant Vroom wants to raise $100 million on Nasdaq. According to its prospectus, the New York-based company made $1.2 billion in revenue in 2019, reporting a total of $143 million in net loss. Read more


Advent delays $1.9 billion ForeScout acquisition. The companies are in ongoing discussions concerning the timing and terms of completion, but, according to ForeScout, there can be no assurance that they could reach an agreement. Read more