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Which Israeli Company is Making a $450 Million Exit and Whose Executives Were Detained on Bribe Allegations?

CTech Daily Roundup: DC economic attache safeguarding Israeli interests amid Washington mayhem

CTech 23:1503.06.20

Exclusive | NetApp to Acquire Israeli Company Spot.io for $450 Million. The cloud services company has previously raised a total of $52 million. Read more 

 

Interview | DC economic attache safeguarding Israeli interests amid Washington mayhem. Yifat Alon Perel describes dystopia playing out in America’s capital and breaks down the unique responsibilities of the DC trade mission. Read more

Amiram Shachar, CEO of Spot.io. Photo: Courtesy Amiram Shachar, CEO of Spot.io. Photo: Courtesy

 

Cybersecurity startup foundry Team8 launches VC arm, raises $104 million. Team8 Capital will lead seed, series A, and series B rounds for startups working in the fields of data, artificial intelligence, cybersecurity, and enterprise technologies. Read more  

 

Study: Covid-19 drove demand for food delivery, increased cases of online fraud. The study found that online fraud in the restaurant sector increased by 32% during the coronavirus lockdown. Read more

 

Police detain former Frutarom executives suspected of bribing officials in Russia, Ukraine. The Israel Securities Exchange and the Israeli police have raided the offices of the flavor and fragrance company, which was acquired by IFF in 2018. Read more  

 

South Korea's K-Startup Grand Challenge seeks applications from Israeli startups. The K-Startup Grand Challenge is a startup accelerator program conducted and financed by the South Korean government to support foreign startups that want to enter the Korean market. Read more  

 

Online used car marketplace Vroom triples its aim for Nasdaq IPO to $318 million. The company develops an online direct-to-consumer platform that offers low-mileage reconditioned vehicles. Read more

 

National Grid, JVP back data discovery startup 1touch.io in $14 million Series A round. 1touch.io develops an automated AI data discovery, mapping and tracking system that uses natural language processing, and deep network analysis to let businesses, government agencies, and corporations securely maintain private data on civilians. Read more

 

Survey finds widespread security negligence among work from home employees. 77% of remote employees use unmanaged personal devices to access corporate systems, says CyberArk. Read more

 

Competitive intelligence startup Watchful raises $3 million from Vertex Ventures. Watchful's platform focuses on uncovering competitors’ product strategy by providing detailed information on the changes that their applications are undergoing. Read more