Who raised $208 million to become the newest Israeli unicorn and what do Israel’s most in-demand employees want?

CTech Daily Roundup: Study confirms growing up with a silver spoon increases entrepreneurial tendencies

CTech 22:2927.01.21
DriveNets raises $208 million in series B round, attains unicorn status. D1 capital led the round, the company aims to recruit employees for its R&D, product, and sales teams. Read more


Ukko raises $40 million to develop solutions for food allergies and sensitivities. The Israeli startup uses patient data, machine learning and AI to guide the engineering of food proteins that can be incorporated into food products, plants and therapeutics. Read more


Rafael Spider system. Photo: Rafael Rafael Spider system. Photo: Rafael


JFrog and Docker announce partnership to improve quality and performance in app development. The partnership provides developers who use JFrog Cloud with unlimited access to Docker Hub to simplify cloud-native application development. Read more


ARMO emerges from stealth with $4.5 million seed for cloud-native workloads solution. The Israeli startup aims to add visibility, control and security for DevOps in cloud-native environments. Read more


Israel’s Verto aims to save SMBs with online 3D product mapping. With smaller shops struggling to keep up with retail giants online, Verto’s technology allows smaller players to take 3D images of e-commerce products - all with a simple smartphone. Read more h


Signs of Peace? Israeli companies to openly take part in Abu Dhabi weapons exhibition. As part of the agreement, companies from the Gulf's defense sector will also take part in Israeli exhibition in June. Read more


HR Post Covid | For Hysolate, it’s crucial to think ‘out-of-the-box’ during Covid-19. Even though virtual desktops are all the rage right now, isolated ‘workspace-as-a-service’ company Hysolate still had to overcome barriers in their workforce. Read more  


Israeli quantum computing developer Classiq Technologies raises $10.5 million series A. The company developed tools for the automatic translation of human ideas into quantum circuits. Read more


Survey: Software developers, Israel’s most in-demand employees, seek stability over salaries. Company stability and the ability to work from home are foremost on software developers priorities when seeking a new position, and many are choosing to stay put. Read more  


“If we don’t look for other life forms then our chances are zero, but if we do look then we’ll find it soon.” On human spaceflight and finding intelligent life, the challenges are great yet surmountable with advancements in technology, say astronauts and scientists during Israeli Space Week event. Read more


Pinecone raises $10 million to develop AI database. Company is run by former creators of Amazon’s artificial intelligence platform AWS, and plans to use funds for doubling its workforce in coming year. Read more


Study confirms growing up with a silver spoon increases entrepreneurial tendencies. Children of wealthy and educated parents have better chances of becoming tech founders, even if they’re not great at maths. Read more


Cryptocurrency case against Moshe Hogeg dismissed in U.S. Federal court. The case against Hogeg and STX Technologies alleged fraud, breach of contract, racketeering, and violations of Washington Securities laws. Read more


Opinion | Covid-19 has forever changed client-bank relations: 53% of Israelis prefer to hold video calls than visit the branch. Global survey finds widespread adoption of digital banking, but banks have to up their game if they want to hold on to their customers. Read more