CTech's Tuesday Roundup of Israeli Tech News
Marketing company AppsFlyer raises $210 million at $1.6 billion valuation; Open source vulnerabilities hunter Snyk raises $150 million
Open source vulnerabilities hunter Snyk raises $150 million. The round was according to a $1 billion valuation; Google backed Snyk in a $70 million round as recently as September. Read more
Tel Aviv's skyline. Photo: Shutterstock Israel’s trash could be Mercedes’ treasure. The automaker will be piloting the use of a plastic alternative produced by Israel-based UBQ, which developed a process to recycle residual municipal solid waste into a plastic-like raw material. Read more
Nestlé sets up foodtech arm under Israeli food manufacturer Osem. The Israeli innovation arm will help Israeli entrepreneurs connect with the multinational company’s scientists and facilities around the world. Read more
Mobileye cuts 20 floors from its planned new Jerusalem building. The Israeli chipmaker announced plans to construct a new campus in Jerusalem’s Har Hotzvim High-Tech Park in 2018. Read more
Israeli hotel chain buys iconic Tel Aviv building to restore its old glory as a luxury hotel. On Sunday, Fattal announced it has acquired the building that once housed the Palatin Hotel, Tel Aviv’s first luxury hotel, erected in 1926. Read more
Unistream selected to operate Israel Innovation Authority’s Young Entrepreneurs Program. The after-school program is meant for junior high and high school students from minority, particularly the Haredi, Bedouin, and Druze communities. Read more
BIRD Foundation to invest $8 million in another set of joint Israel-U.S. Projects. The selected projects include a drone-in-a-box system, oil-water separation technologies, and a platform for delivering personalized and precise medication. Read more
