Who is closing on a $3.5 billion SPAC merger and which gaming company raised a $52 million series C?

CTech Daily Roundup: eToro officially announces $10.4 billion SPAC merger with Betsy Cohen’s FinTech Acquisition

CTech 23:0816.03.21
Fast-charging battery startup StoreDot closing on $3.5 billion SPAC merger. StoreDot's batteries can currently be used to power drones, electric motorcycles and scooters, and the Israeli company believes it will be able to charge electric vehicle batteries in the near future. Read more


eToro officially announces $10.4 billion SPAC merger with Betsy Cohen’s FinTech Acquisition. In 2020, eToro added over 5 million new registered users and generated gross revenues of $605 million, representing year-over-year growth of 147%. Read more
Ravin AI. Photo: Ravin AI Ravin AI. Photo: Ravin AI


Gaming giant Ubisoft takes part in Overwolf’s $52 million series C. “The madness started in 2019 and the pandemic just added a tailwind to what was already working fantastically,” said Overwolf’s CEO. Read more


KAR Global leads $15 million series A funding in Ravin AI. The Israeli startup is an international provider of automated artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance and remarketing customers around the world. Read more


Team8 leads $12 million seed round in AI-enterprise platform Noogata. The company develops an artificial intelligence platform for enterprises. Seed round funding will be used to increase digital transformation, unlock data, and expand platform to new industries. Read more


Stor.ai raises $21 million in extended series A. The company aims to use the capital to integrate next-gen features into its core offering and accelerate growth in North and Latin America. Read more


Teramount’s $8 million funding round brings in next-gen semiconductors. The funding follows a recent breakthrough that demonstrates 100x improved tolerance compared to existing technologies. Read more


BIRD Foundation issues $4 million for joint U.S.-Israel clean energy proposals. The U.S. Department of Energy has partnered with the Israeli Ministry of Energy and the Israel Innovation Authority for $4 million in funding for clean energy proposals. Read more


Israel’s OurCrowd enters $15 million partnership with Japan’s NTT Finance. NTT Finance will have access to OurCrowd’s portfolio of AI, IoT, Healthtech, and AV companies. Read more


Datagen raises $15 million to advance machine learning training with real-world simulations. The Israeli company received funding from VC funds as well as a series of AI luminaries. Read more


HR Post Covid | For Artlist, creativity comes from face-to-face contact. It’s one thing to speak on Zoom all day, but the digital content company believes creativity is best when people are together. Read more


With SafeUp, women can crowd-source their own security on Tel Aviv's streets. SafeUp took part in Israel's 8200 Impact accelerator program, where special attention was placed on companies tackling domestic violence and women’s rights. Read more


Tel Aviv to host Global Wellness Summit focusing on innovation in the $4.5 trillion market. Welltech Ventures co-founder Amir Alroy selected to co-chair the November event as the world begins to emerge from under Covid-19. Read more


Environmental Innovation | WHO urges countries to “stop hoarding the vaccines.” Speaking at Calcalist’s Environmental Innovation Conference, Dr. Dorit Nitzan shares some of the ways that countries can help each other to end Covid-19. Watch full video


Environmental Innovation | Companies are more health-aware thanks to Covid-19. Israeli companies are increasingly looking to invest in innovative technologies which improve the environment and people’s health. Watch full video