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Thursday, February 4, 2021
Tel Aviv, Israel
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The Leading Data Source on Israel's High-Tech Industry since 1997
Active Multinationals Active Investors Active High-Tech Companies
390 2,525 9,547
 
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New Israeli VC Fund Added (Q4 2020-Q1 2021) )

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IVC's Israeli High-Tech Industry Updates (Jan 29 - Feb 4)
WalkMe prepares to go public at a $4 billion valuation
Unlike a slew of other Israeli companies who have chosen to merge with a SPAC, WalkMe has chosen to enter Wall Street through the front door.

(Source: CTech, February 4, 2021)


Israel’s Payoneer to go public on Nasdaq at $3.3 billion valuation
The company announced a SPAC agreement with FTAC Olympus Acquisition Corp, to invest hundreds of millions in secondary options.

(Source: CTech, February 3, 2021)


Selected companies to perform a demonstration in a first of its kind pilot in which ~ 20 drones from five different companies will simultaneously fly in a managed urban airspace
5 startups and companies will receive a total of ~ 6 million NIS in grants to perform pilots demonstrating drone technologies in a managed airspace.

(Source: sUAS News, February 3, 2021)

Israeli Startup REE Plans Merger With 10X Capital SPAC
Blank-check deal values combined entity at about $3.1 billion. REE investors set to own more than 80% of the combined company.

(Source: Bloomberg, February 3, 2021)

Intel Israel reports record-setting year with $8 billion in 2020 exports
Tech firm’s Israel branch sees jump of 14% in exports over 2019; Mobileye, Israeli startup bought by Intel in 2017, takes in $967m; parent company experiencing bumps, however.

(Source: The times of Israel, February 3, 2021)


Pixellot and SportsEngine, Inc. Partner to Offer Revolutionary Video and Data Solutions for Youth Sports
Pixellot offers athletes, coaches, and families access to a fully-automated, affordable video capturing solution, including a fan engagement and highlight creation app, analytics and a professional coaching and player performance platform.

(Source: PR Newswire, February 2, 2021)


Verint completes spin-off of its defense activities into new company Cognyte Software
Cognyte will consolidate the company’s intelligence and cyber activities, while Verint will
focus on customer engagement.

(Source: CTech, February 2, 2021)

Otonomo merges with Nasdaq-listed SPAC at $1.4b valuation
The Herzliya-based connected car data platform has announced a merger with Software Acquisition Group.

(Source: Globes, February 1, 2021)


Clal Insurance invests $35 million in FinTLV’s second fintech fund Israeli fund
FinTLV invests in fintech and insurtech startups and has led a fundraising round together with Psagot Investment House and Poalim Capital Markets of $20 million.
(Source: CTech, January 31, 2021)


Rapid7 buys Tel Aviv-based cybersecurity co Alcide
Rapid7 is paying $50 million for Alcide, in which Elron Electronic Industries holds 24%.

(Source: Globes, January 31, 2021)

OwnBackup Raises $167.5 Million Investment from Insight Partners, Salesforce Ventures, and Sapphire Ventures
SaaS Data Protection Company’s Valuation Approaches $1.4 Billion Following Five Years of Triple-Digit Growth.

(Source: AiThority, January 29, 2021)

 
 
IVC Research on Global Media (Jan-Feb 2021)
Israel Tech Related New Appointments/Positions (Feb 2021)
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A month after we published the IVC-Meitar Israeli Tech Review 2020 (analyzing the high-tech ecosystem activities till December 14th), IVC and Meitar are proud to present the reports' final version, including ALL 2020 deals, exits, IPOs, and significant trends. 
 
Read and download HERE
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