Who raised $75 million and are robots really coming for your job?
CTech Daily Roundup: Better SAFE than sorry? New investing mechanism is taking Israeli startups by storm
Better SAFE than sorry? New investing mechanism is taking Israeli startups by storm. A SAFE provides rights to the investor for future equity in the company, but specific price per share is not determined at the time of the initial investment, with the investor only receiving the futures shares when a funding round occurs. Read more
E-commerce marketing platform Yotpo completes $75 million financing round. Despite Covid-19, Israel-based company managed to raise $25 million more than it planned. Read more
Are robots coming for your job? Photo: Boston Dynamics Yes, robots are coming for human jobs, confirms Israeli manufacturer. Ran Poliakine speaks with CTech about his dream of ‘liberating’
employees who are stuck in jobs that could be done by machines. Read more
Covid-19 puts autonomous vehicle vision on hold. The outbreak of coronavirus has caused most big car manufacturers to desert autonomous vehicle projects, a decision that will postpone the realization of the vision for at least several years. Read more
U.S. version of Iron Dome air defense system nears realization following Raytheon, Rafael deal. The new partnership, called Raytheon RAFAEL Area Protection Systems, will take place in the U.S. and will produce both the Iron Dome Weapon System, which consists of the Tamir interceptor and launcher, and the SkyHunter missile, a U.S. derivative of Tamir. Read more
Opinion | How Covid-19 is revolutionizing the workplace and pushing innovation forward. In many ways, Covid-19 has been a positive engine for innovation and change as entire industries were forced to re-evaluate what they have in place and how they could do better. Read more
Israeli cyber company Silverfort completes $30 million round led by Aspect Ventures. “The funds that invested realized that the pandemic forced many organizations to shift to a work from home model and to do that, you need to be able to validate the remote access of workers,”
said the company’s CEO. Read more
