CTech's Tuesday Roundup of Israeli Tech News
We are not going for peak performance, our goal is to deliver what consumers want, says auto exec; Driverless cars need some more sensing power
Opinion | Driverless cars need some more sensing power. In 2018, the question of driverless cars is no longer “if,” but rather “when,” writes mobility entrepreneur Amit Nisenbaum. Read more
Amit Nisenbaum. Photo: Orel Cohen
As electric scooters take over the world, Tel Aviv stands first in line. From tech workers to hipster moms, the electric scooter is fast becoming the new transportation mode of choice of Tel Aviv residents. Read more
JVP, SOSA partner with the City of New York on cybersecurity initiative. Called Cyber NYC, the new initiative will receive a $30 million investment from the city of New York and intends to raise an additional sum of up to $70 million from private investors. Read more
EAPC, once joint Israeli-Iranian pipeline venture, stands to make bank from Egyptian gas. Last week, Israeli gas developers Delek and Noble Energy and their Egyptian partner East Gas Co. signed a $518 million deal for a 39% stake in a pipeline connecting Israel and Egypt. Read more
Venture capital investments in Israel in 2018 on track to match or outpace 2017. Private equity deals are also picking up again after last year, with a shift from IT to healthcare, according to a new analysis by Pitchbook editor Eric Burg. Read more
Tel Aviv’s wastewater management body to make fertilizer out of waste. The local plant currently treats municipal wastewater from over 2.5 million people in the greater Tel Aviv Area. Read more
Opinion | Why Flipkart is acquiring Israel-based Upstream Commerce. Tel Aviv-based Upstream Commerce will further strengthen Flipkart's selection and pricing capabilities with its advanced data science-based intelligent solutions, writes YL Ventures founder and managing partner. Read more
News Briefs
Israeli businessman Nochi Dankner starts serving sentence for market manipulation. Read more
Elbit signs contract worth up to 40 million euros with U.K. ministry of defense. Read more
Biotech company Gamida cell files for $69 million Nasdaq IPO. Read more
