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Israeli High-Tech Industry Updates (Oct 09 - Oct 15)

IVC-ZAG: Record investment in Israeli tech cos in Q3​
Israeli tech companies are on course for another record capital raising year in 2020 but seed funding for early stage startups is drying up.
(Source: Globes 14.10.2020)

Israeli IoT startup Augury completes $55 million series D funding
The need for remote maintenance of industrial machines during Covid-19 lockdowns has seen the company’s revenues increase substantially.
(Source: CTech 14.10.2020)​

Nym Health raises $16.5 million round A led by Google’s investment arm
The Israeli startup was founded by Amihai Neiderman and Adam Rimon who met at the IDF's Unit 8200 in which they served in the cyber department.
(Source: CTech 14.10.2020)​

Israeli code risk co apiiro raises $35m
Idan Plotnik and Yonatan Eldar previously founded behavioral analytics company Aorato, which was sold to Microsoft for $200 million.
(Source: Globes 13.10.2020)

Taiwan's manufacturing prowess a perfect match for Israeli tech innovation
Despite not having diplomatic relations with Israel, Taiwan is keen on tightening economic cooperation.
(Source: CTech 13.10.2020)​

BGU teams up with the United Nations to develop space tech for UN-SPIDER
​A few areas in particular where the two will work closely are emergency response, building space-based technologies meant to detect disasters and sharing the information with scientists worldwide.
(Source: The Jerusalem Post 13.10.2020)

Due to high demand for biotech, Pontifax crosses $1.3 billion funding threshold
A series of successful exits and investments see the Israeli fund balloon by 22% to hit $404 million since the start of the Covid-19 crisis.
(Source: CTech 12.10.2020)

Israel’s Enroute selected to take part in Intelak’s Dubai-based incubator
Enroute provides users with a personalized commerce platform for ride hailing and mass transit applications which allows them to travel for free while shopping online
(Source: CTech 11.10.2020)

Dai-ichi Life Holdings joins Axell’s innovation hub to connect to Israeli technology
Dai-ichi Life Holdings joins Axell’s innovation hub to connect to Israeli technology -
showing a commitment to innovation despite the unprecedented times.
(Source: Axell 11.10.2020)

IVC Research on Global Media (Sep-Oct 2020)

Israeli private tech firms raised record $2.74 billion in third quarter
(Source: Reuters 14.10.2020)

Despite Corona, Israeli firms raised whopping $7.6b so far in 2020
(Source: ISRAEL21c 04.10.2020)

Japan has developed an appetite for Israeli Technologies
(Source: TechTime 23.09.2020)

Israel-UAE tech stars align after landmark peace deal
(Source: WIRED ME 20.09.2020)

 

Itai Yogev will lead the artificial intelligence group in Intel’s IT division
(Source: TechTime 14.10.2020)

Ruby Chen joins the Drake Star team as associate partner mobility in Tel Aviv
(Source: Drake Star Partners 07.10.2020)

​Israeli VC OurCrowd, UAE's Al Naboodah to partner on technology
(Source: REUTERS 06.10.2020)

Appointments Ophir Zilbiger appointed leader of BDO’s global cyber activities
(Source: CTech 01.10.2020)
 

All Archived Macroeconomic Content (IVC Insights)