Which Israeli company needed just four days to raise $150 million and who is Joe Montana investing in?

CTech Daily Roundup: Israel’s OurCrowd signs MoU with Phoenix, a UAE-based business development company

CTech 22:4906.10.20
$150 million in four days: Tipalti completes a series E round at a valuation of more than $2 billion. Tipalti has developed a solution that allows companies to complete payment transfers automatically, even globally. Read more


Joe Montana among seed investors in Israeli startup Walnut. The company, which is also backed by NFX, aims to provide sales teams with a fully customizable demo platform. Read more


Joe Montana. Photo: Shutterstock Joe Montana. Photo: Shutterstock

Israel’s Butterfly Medical raises $7 million to fund FDA clinical trials for enlarged prostate implantable device. Butterfly develops an implant that is positioned in the prostatic urethra for men suffering from BPH (benign prostatic hyperplasia) symptoms. Read more  


Israel’s OurCrowd signs MoU with Phoenix, a UAE-based business development company. The partnership between OurCrowd and Abdullah S Al Naboodah follows the appointment of Dr. Sabah al-Binali as head of the VC’s Gulf region operations. Read more


Opinion | This research was sponsored by Amazon: How ‘Big Tech’ is compromising academic integrity. After ‘Big Tobacco’ and ‘Big Oil,’ it is now the tech giants’ turn to try their hand at influencing the public debate by contributing to research institutes. Read more  


Israeli and Russian researchers reveal rare malware that targets UEFI firmware. Hackers associated with China used the difficult-to-remove malware to spy on diplomats and NGOs, say Kaspersky researchers. Read more


Israel’s ElectReon inks deal with transport infrastructure giant Eurovia to install wireless electric road systems in Europe. ElectReon has developed a technology that enables electric vehicle batteries to be charged while the car is in full motion using copper coils placed under the middle lane of the road. Read more


Israel’s AccessFintech completes $20 million round led by Dawn Capital. Deutsche Bank and existing investors J.P. Morgan, Citi and Goldman Sachs also participated in the new round after Covid-19 pandemic resulted in cancelation of round planned for February. Read more  


Appointments | Urban Aeronautics appoints Nimrod Golan-Yanay as new CEO. Golan-Yanay was previously the company’s Vice President of Business Development and has 25 years of Israeli Air Force experience. Read more