CTech's Wednesday Roundup of Israeli Tech News
Israel grinds to a halt as country’s Ethiopian community protests police violence; Venture capital firm Grove Ventures raising $120 million fund
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Israel grinds to a halt as country’s Ethiopian community protests police violence. A night of riots resulted in over a hundred cops and many protestors and bystanders injured and 136 protestors detained; damage was caused to private property, police cars, and ambulances. Read more
Venture capital firm Grove Ventures raising $120 million fund. Israel-based Grove Ventures already has commitments for the majority of the amount, Dov Moran, managing partner at Grove, said in a recent interview with Calcalist. Read more
Tuesday's protests in Tel Aviv. Photo: Ynet Fintech startup Pagaya raised $100 million to invest in asset-backed securities. Founded in 2016, Pagaya uses machine learning algorithms and big data analytics to manage institutional assets. Read more
Interview | Despite looming Brexit, this Israeli firm is buying up London real estate by the pound. Brockton Everlast, a U.K.-based subsidiary of Israeli real estate company Alony-Hetz, recently paid $520 million for three London office buildings. In an interview with Calcalist, Brockton Everlast partners David Marks and Jason Blank explain why. Read more
Cybersecurity company Exabeam acquires cloud security startup SkyFormation. SkyFormation uses behavioral analytics to detect the tactics and techniques of cyber attackers to help organizations protect their data. Read more
Horizons Holdings buys PAI-Tech for $8.8 million in stock. PAI-TECH offers software that serves as an operational system for the development of intelligent bots. Read more
Cybersecurity startup Polyrize emerges from stealth with $4 million in funding. Polyrize offers cybersecurity software that automates identification and authorization security processes. Read more
