CTech’s Wednesday Roundup of Israeli Tech News
Israel warns Mobileye its drivers are on the hook for violations made by self-driving cars. Abramovich’s Israeli homecoming marked by tech investments and tax benefits
19:1230.05.18
Israel warns Mobileye its drivers are on the hook for violations made by self-driving cars. Two weeks ago, an Israeli broadcaster aired footage showing Mobileye’s self-driving car running a red light in Jerusalem. Read more
Mommy Work. Photo: Eyal Tagar
Abramovich’s Israeli homecoming marked by tech investments and tax benefits. The Russian-born oligarch has a portfolio of more than a dozen Israel-linked startups and venture funds. Read more
Mommy Work. Photo: Eyal Tagar Mommy Work is coworking space for busy moms, err, parents. Located in the small tech bubble of Ra’anana, not far from Tel Aviv, Mommy Work is a coworking space for parents of young children which offers onsite daycare and a tightly scheduled work-play agenda—diaper change is at 9:45 and 12:15, according to the website. Read more
3D printer maker loses second CEO in two years. On Tuesday Stratasys announced Ilan Levin will be stepping down as both CEO and director on Friday. Mr. Levin was appointed as the company’s CEO in July 2016. Earlier this month, the company reported a 6% year over year drop in revenue for the first quarter of 2018. Read more
Alibaba leads $26.4 million round for data analytics startup SQream. New York-headquartered SQream develops a graphics processing units (GPU) based database management system that offers corporations an economical way to analyze large datasets. In February, Alibaba's cloud computing arm announced a partnership with SQream to market the database to its Chinese cloud customers. Read more
Autoloans company Lendbuzz secures $30 million in funding. Lendbuzz partners with auto dealerships to offer loans to consumers with sparse U.S. credit history, such as international students and expats. The current round was led by the U.S. division of Israel-based Bank Hapoalim, Israel-based Viola Credit and ConnectOne Bank. Read more
Medtech investment firm Acclemed leads $17 million round for derma company Strata. Strata develops laser devices for the treatment of skin conditions such as psoriasis and vitiligo. Following the investment, Israel-based Accelmed became Strata's largest shareholder, and Accelmed's managing partner Uri Geiger will become Strata's chairman. Read more
Cybersecurity startup Vulcan Cyber raises $4 million. Vulcan’s platform aggregates and analyzes data from dozens of scanning tools, automatically prioritizing and coordinating fixes to cyberthreats. Read more
Israel to deny entry of Indonesian tourists starting June. The ban comes after Indonesia started denying entry visas from Israelis following recent confrontations in Gaza. Read more
