CTech’s Thursday Roundup of Israeli Tech News
Google to acquire Israeli cloud migration startup Velostrata. A review of Israel’e economy ahead of possible military escalation. Mobileye to expand self-driving car tests to California and Arizona
Google's Tel Aviv offices. Photo: Reuters How the Israeli economy would fare if conflict with Iran further escalates. Analysis | Israel's economy is better prepared than it has ever been ahead of a possible military confrontation. Read more
Entrée Capital raises $80 million for second fund. With offices in Herzliya, north of Tel Aviv, in London, and in Silicon Valley, the venture firm manages around $300 million in assets. The new fund will invest in Israel-linked early stage startups, in the domains of fintech, software as a service, augmented and virtual reality, and artificial intelligence. Read more
Mobileye to expand self-driving car tests to California and Arizona. The Intel subsidiary has built 35 of the 100 cars planned for its autonomous fleet. Testing in Jerusalem has already begun. Read more
Intel appoints Amir Faintuch to senior role at Intel Capital. After four years heading a major engineering division at the chip maker, Israeli-born Faintuch is moving on to a strategic investments role. Read more
Latin media company TV Azteca invests $7 million in music sharing startup Mugo. The investment is part of a strategic partnership struck between the two. Israel-based Mugo’s Live Share app allows an unlimited number of listeners to sync to the same point in a song, even when listening from different music providers. TV Azteca is the second largest mass media company in Mexico. Read more
Japan’s Hoya Corporation invests in endoscopy company 3NT Medical. Founded in 2013, privately-held 3NT develops single-use endoscopes for ear, nose and throat (ENT) surgeries. The Israel-based company will use the funding to develop and commercialize its products. Read more
Khosla Ventures co-leads $13 million round for cyber insurance company At-Bay. Mountain View, California-headquartered At-Bay offers data collection-based risk management and security assessment services. The company has a research and development center in Tel Aviv, and employs 17 people currently. Read more
Kornit Digital reports strong sales of new industrial printer. Revenue in the first quarter exceeded expectations as the maker of industrial inkjet printers for the garment industry saw high demand for its new machine. Read more
