CTech's Wednesday Roundup of Israeli Tech News
Insight Partners backs SentinalOne in $200 million investment; Unnamed U.S. company buys biomed company Exalenz bioscience for $49.4 million
Insight Partners backs SentinalOne in $200 million investment. The month-long Israeli investment spree of New York-based venture capital and private equity firm Insight Partners continues. Read more
Unnamed U.S. company buys biomed company Exalenz bioscience for $49.4 million. On Wednesday, the Israeli biomed company confirmed an earlier report by Calcalist that it is in advanced stages of negotiating its acquisition. Read more
Cybersecurity. Photo: Shutterstock Interview | You cannot make the world a better place at the expense of good returns, says cleantech investor. Jack Levy, founding partner at Israel Cleantech Ventures, which rebranded as More earlier this week, told Calcalist he believes the biggest impact comes from profitable market leaders. Read more
Opinion | Financial secrecy promised to immigrating millionaires is a stain on Israel. In the Financial Secrecy Index published by independent international network the Tax Justice Haven for 2020, Israel has not made significant strides. Read more
Dark Web | Cybersecurity is not doing its job, says Kaspersky exec. Read more
Mind the Tech NYC | Venture firm Qumra to showcase promising Israeli startups in New York. As part of Calcalist’s fourth annual Mind the Tech conference, Qumra will present a list of the 10 Israeli companies its partners believe have the greatest growth potential. Read more
El Al's coronavirus losses estimated at $50 million, says Israeli transportation minister. Israel's Minister of Transportation Bezalel Smotrich wants to cover the damages caused to Israel’s national carrier due to the ongoing pandemic. Read more
Electric vehicle charging startup Driivz raises $11 million. Tel Aviv-based Driivz develops software for the management of charging networks for electric vehicles. Read more
