What is Israel's new spy satellite photographing and who is the country's latest unicorn?
CTech Daily Roundup: Redis Labs completes $100 million funding round making it Israel’s newest Unicorn
Redis Labs completes $100 million funding round making it Israel’s newest Unicorn. “Companies such as ours need to grow very aggressively in order to succeed,” said CEO Ofer Bengal. Read more
Israel’s JFrog files plans for $100 million Nasdaq IPO. Though the company’s valuation has yet to be announced, in the past it has completed funding rounds at values surpassing $1.5 billion. Read more
The launch of Ofek 16 last month. Photo: Ministry of Defense
Analysis | Israeli-Emirati agreement could give ZIM’s IPO some backwind. On Monday, it was reported the Israeli shipping company is considering to go public in 2021 and, according to several people who spoke on condition of anonymity, it is aiming for a $1 billion valuation. Read more
#HoloHoax: Researchers say Facebook and Twitter have a “conceptual blindspot” around Holocaust denial. Platforms like Facebook, Reddit, and Twitter take a variety of measures to stop anti-Semitic tropes from flooding our newsfeeds - but it’s not enough. Read more
Israeli programmer reveals uphill battle to launch Facebook Shops remotely. The Israeli team took over from the London office to create a new multi-app tool for e-commerce solutions. Read more
Out of the cockpit and into the cloud: Covid-19 altered former pilot’s career path. In mid-March, after four and a half years as an El Al pilot and a 10-year career in the Israeli air force, 34-year old Stav Nemirovsky found himself, like so many other Israelis, on unpaid leave. He then decided to pivot to tech. Read more
IIA launches bio-convergence grant for Israeli-South Korean collaborations. Israeli government investment arm the Israel Innovation Authority will choose up to two projects for grants of up to $2 million to cover half of each project’s research and development expenses. Read more
Analysis | Airbnb charging ahead with IPO despite disastrous timing. Airbnb was valued as high as $31 billion at its peak but arrives at the stock market having to deal with the challenge posed by coronavirus as well as the increased hostility and question marks around the Gig Economy. Read more
