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Thursday, September 8, 2022
Tel Aviv, Israel
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*Currently Available Profiles On IVC-Online
The Leading Data Source on Israel's High-Tech Industry since 1997
 Multinationals  Investors  High-Tech Companies
469 3,010 9,484
 
# of Unicorns Capital Raised in 2022 by Private Companies ($m)
88 11,715
 
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*New Additions to IVC Database This Week
 Financing Rounds  Investors High-Tech Companies
5 7 17
Selected (*) Recent Database Additions & Activity (September 2 - September 8)
  • CaareSys (Acquired by Harman (a Samsung Company))
  • Elmo Motion ($700m, Acquired by Bosch Rexroth)
  • At-Bay Acquires Relay (Canada)
  • eToro Acquires Gatsby (US)
  • Deel Inc. Acquires Legalpad (US)
  • Nexar Acquires Veniam (Portugal)

(*) Interested to know all the daily updates about the financing rounds, new tech Israeli startups, new VCs and investors and key executives in the Israeli tech ecosystem? 
Email us for annual subscription packages: info@ivc-online.com 
 
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Israel to open economic attach? office in Morocco
Minister of Economy and Industry Orna Barbivai: Morocco is just the beginning, and the potential is huge.

(Source: Globes, September 7, 2022)


Opinion: Performance is a State of Mind
Greatly concerned about entrepreneurs’ wellbeing, and the ways in which they can improve it, Yuval Baharav, General Partner at SOMV, presents a comprehensive survey allowing entrepreneurs to see where they are compared to their peers, and compared to where they wish to be.

(Source: CTech, September 7, 2022)

EFG International opens Representative Office in Israel
EFG International is establishing a presence in Israel with the opening of a Representative Office for its Swiss entity, EFG Bank AG, in Tel Aviv. Ran Heistein has been named as Head of EFG Bank AG’s Representative Office in Tel Aviv. He will report directly to Franco Polloni, Head of Switzerland & Italy Region of EFG.

(Source: EFG International, September 6, 2022)


First Bus partners with Optibus to complete rollout of new digital scheduling software across its UK bus operations
The Optibus system has been rolled out across the entire First Bus UK operations, supporting dozens of schedulers managing 4,000 vehicles across the UK.

(Source: Optibus, September 6, 2022)

Abu Dhabi’s largest business delegation to Tel Aviv deepens cross-market investment relations & accelerates innovation deployment
Abu Dhabi’s largest business delegation to Tel Aviv deepens. Image Courtesy: ADGM The Tel Aviv Stock Exchange (TASE) extended an official invitation to Abu Dhabi after its visit to ADGM in March 2022, to further strengthen collaborations in the financial industry and facilitate the UAE-Israel economic corridor.

(Source: ZAWYA, September 6, 2022)

Cymulate snaps up $70M to help cybersecurity teams stress test their networks with attack simulations
The round is being led by One Peak, with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and strategic backer Dell Technologies Capital also participating.

(Source: Yahoo! Finance, September 6, 2022)

Spot.io founders raise $28M for secret cyber startup two years after $450M exit
Former Spot CEO Amiram Shachar recently founded a new cybersecurity company named Upwind alongside members of the team with which he built Spot: Liran Polak, Lavi Ferdman, and Tal Zur.

(Source: CTech, September 6, 2022)

Bosch to acquire Elmo Motion Control for $700 million
The Israeli company, founded in 1988 by Haim Monhait, designs and manufactures ultra-advanced servo drives and network motion controllers.

(Source: CTech, September 5, 2022)

Tech sector pay drop halts
After three months of decline from the February peak, average monthly pay for Israeli technology workers recorded a modest rise in June.

(Source: Globes, September 5, 2022)


Opinion: Embedded finance is already here - what comes next?"
The time is ripe for all parties involved in financial transactions - financial institutions, businesses and end-users - to embrace the combined benefits of embedded finance, including payments, lending, and other financial products and services," writes Pavel Livshiz, General Partner at Hetz Ventures.

(Source: CTech, September 4, 2022)
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Israel Tech Related New Appointments/Positions (August-September 2022)
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IVC-LeumiTech Israeli Tech Review Q2/2022

In H1/2022, Israeli high-tech companies raised $9.8 billion in 395 deals.
In Q2/2022, $4.12 billion were raised in 182 deals.
The numbers for H1 are impressive but still show clear signs of a slowdown in specific parts of the Israeli tech economy. 


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