CTech's Thursday Roundup of Israeli Tech News
SoftBank leads $300 million round for online insurer Lemonade; Mind the Tech NY | Calcalist's third annual Mind the Tech conference opens in New York
Left to right: Lemonade's founders Shai Wininger and Daniel Schreiber. Photo: Yael Wissner-Levy
Mind the Tech NY | Qumra Capital reveals its top 10 promising Israeli startups. Tel Aviv-based venture capital firm Qumra Capital has selected 10 companies that present a diverse picture of the Israeli tech sector and are on track to reach $10 million in annual sales. Read more
Cisco partners with Ehud Barak-backed 911 startup Carbyne. Carbyne develops a cloud-based platform that allows dispatchers to receive GPS data, video and audio transmission and use texting services to supplement voice in distress calls. Read more
Nissan Chemical partners with Israeli battery startup StoreDot. develops fast-charging batteries for mobile phones, tablets, and laptops, as well as for electric vehicles. Read more
Israel tax authority issues pre-ruling on tax benefits for small startups. In October, Calcalist reported that to encourage the local tech sector, the authority is updating its regulation to award companies with less than 10 people the same benefits as large enterprises. Read more
Verint declines stakeholder demand for board changes. In a letter to investors, the cybersecurity company called the demand made by 2.6% stakeholder Neuberger Berman ”unwarranted.” Neuberger Berman told Reuters Verint was being “defensive.” Read more
Nasdaq and Tel Aviv-listed cyber company Safe-T acquires proxy network startup NetNut. Safe-T offers anti-hacking services to financial institutions, mainly Israeli government and academic entities, as well as commercial companies. Read more
Wix unveils plans for new 50,000-square-meter Tel Aviv headquarters. The website building company plans to invest $80 million into the new space, located on the beach in Herzliya Pituach, on the border with Tel Aviv. Read more
