Is it all downhill from here for Zoom and which Israeli company is planning a $10 billion IPO?
CTech Daily Roundup: Zoom generated in Q1 $252 million in free cash flow on revenue of $328 million.
Exclusive | Red Dot is red hot: Israeli VC raises $200 million for its second fund. Red Dot’s portfolio companies include Armis Security, Claroty, Celeno, and CTERA. Read more
Online gaming company Playtika targeting $10 billion IPO. Playtika, acquired by Chinese consortium Alpha Frontier for $4.4 billion in 2016, intends to raise around $1 billion in the IPO. Read more
Music to their ears: TuneFork raises $1.5 million seed round. The company’s technology creates a personal audio profile for every individual user, including those suffering from hearing impairments. Read more
Kaspersky: 120 million phishing attacks worldwide in Q1, Israelis targeted twice as much as 2019. According to a new report by the cybersecurity company, spam makes up 45.24% of all email transactions in Israel. Read more
SK Telecom is investing $20 million in Israel-based Nanox. Partners plan to launch a South Korean subsidiary to produce semiconductors for Nanox’s digital X-ray device. Read more
SAP’s R&D center in Israel looks to recruit dozens of employees. SAP is looking to hire several dozens of software engineers, big data experts, and managers for both its SAP-Gigya development office located in Tel Aviv, as well as its Raanana office. Read more
Microsoft's AI for Good accelerator selects 14 Israeli startups for new cohort. Microsoft announced the launch of the new accelerator in March, with select startups receiving expert training alongside an average of $500,000 in funding. Read more
Astroscale acquisition of Effective Space means its space drones won’t be built in Israel. Israeli space pioneer Arie Halsband will continue to oversee research and development of mini-satellites. Read more