CTech's Thursday Roundup of Israeli Tech News
Gett's NYC failure could leave it out of the exchanges; 3D imaging sensor company Vayyar raises $100 million
Analysis | Gett's NYC failure could leave it out of the exchanges. Gett is getting farther away from unicorn status and an IPO, at least partly due to its failed investment in New York-based Juno. Since its launch in 2010, Gett has raised $800 million; for shareholders to see a return on their investments, the company will need to list at a much higher valuation. Read more
3D imaging sensor company Vayyar raises $100 million. Vayyar develops 3D imaging sensors that can see through human tissue, most man-made surfaces, and barriers such as smoke and steam using low-power radio wave technology. Read more
Vayyar co-founders Naftali Chayat (left) and Miri Ratner. Photo: Orel Cohen Expert | Tech and the Israel-U.K. trade corridor. Gil Karni, CEO at Leumi UK, explains how increasing trade between the U.K. and Israel could provide both nations with an important advantage. Read more
Juul’s U.S. troubles lead to cuts in its Israeli operations. The e-cigarette maker, which is facing increasing difficulties in the U.S. due to its popularity among teens and a mysterious lung illness connected to vaping, has recently announced the layoffs of 16% of its global workforce as part of a reorganization. Read more
Anti-ad fraud company Cheq raises $16 million. Cheq develops a cybersecurity service that utilizes artificial intelligence and natural language processing to protect companies from various forms of ad fraud. Read more
IT startup loom systems raises $10 million. Loom develops an AI-based log analysis platform designed to predict and prevent IT issues in businesses undergoing a digital transformation or cloud migration. Read more
Secured network startup perimeter 81 raises $10 million. Formerly known as SaferVPN, Perimeter 81 develops a private, cloud-based firewall and secured network for businesses. Read more
Together banks on health ministry exemptions to import its Ugandan cannabis to Israel. The Israeli market has been experiencing severe shortages in medical cannabis in the past few months following a recent regulatory reform spearheaded by the health ministry. Read more
Cognata signs distribution agreements in China, Japan, South Korea. Israel-based Cognata develops a system capable of simulating various situations a self-driving car may encounter within a specific city. Read more
Rhode Island signs MoU with Ben Gurion University. The agreement aims to encourage collaborations between Israeli startups and Rhode Island's public and private universities, and promote tech internships and job opportunities. Read more
