CTech's Wednesday Roundup of Israeli Tech News
Citigroup CEO meets with tech entrepreneurs in Tel Aviv; We never had plans for cryptocurrency, says Nvidia CEO
Citigroup CEO meets with tech entrepreneurs in Tel Aviv. Michael Corbat arrived in Tel Aviv Wednesday morning and visited Citi’s innovation lab before meeting with local cybersecurity and fintech entrepreneurs. Read more
We never had plans for cryptocurrency, says Nvidia CEO. In a Monday press conference in Tel Aviv, Jensen Huang described Nvidia’s tenuous relations with the crypto industry. Read more
Jensen Huang, co-founder and CEO of Nvidia. Photo: Nvidia Initiative Q Now Has an App. And downloading it will score users extra Qs if the digital coin makes it to the market. Read more
Thailand’s alcohol and food conglomerate Singha Partners With SOSA. SOSA will help Singha scout for technologies with a focus on consumer, logistics, and marketing technologies. Read more
Extension of Panasonic deal boosts Tower Semiconductor on Nasdaq. The Israel-based company saw its stock depreciate by over 50% since the beginning of 2018, and its net profit cut by around 55% between 2017 and 2018 despite a boost in revenues. Read more
Defense ministry suspends export license of subsidiaries of interception company Ability. The defense ministry suspended the export and marketing licenses of the two companies due to “violations of the defense export control law”. Read more
Months after shifting to no-cash policy on busses, Israel launches tourist travel card. Called “Israel Pass” the chargeable card is currently being sold exclusively at Tel Aviv’s Ben Gurion International Airport, the country’s main entrance portal. Read more
Israeli general elections kicks off Thursday. 5,137 state employees working in 77 countries will vote on Thursday, nearly two weeks before the rest of the country heads to the polls. Read more
Israel Industry Conference | Check Point CEO downplays Mellanox acquisition. Selling a company can be a sign that management has grown tired and wishes to hand over the reins, Gil Shwed, CEO of the firewall pioneer, said Tuesday. Read more
Israel Industry Conference | Data creates a magic circle, says Intel executive. Yaniv Garty, CEO of Intel's operations in Israel, spoke at Calcalist’s annual Israeli Industry Conference held in Tel Aviv Tuesday. Read more
App building startup Applicaster raises $20 million. Applicaster develops a platform for the building, management, and maintenance of direct-to-consumer media apps. Read more
Sayata emerges from stealth with $6.5 million. Tel Aviv-headquartered Sayata offers enterprise-grade risk assessment technology to insurers in the cybersecurity industry. Read more
Secured network startup Perimeter 81 raises $5 million. Tel Aviv-based Perimeter 81 develops a private, cloud-based VPN network for businesses. Read more
Speech recognition startup Voiceitt receives $500,000 initial investment from Connecticut. Voiceitt develops technology that helps people with irregular speech patterns communicate with others. Read more
