How did an Israeli professor win an Oscar and which company is going public at a $3.3 billion valuation?
CTech Daily Roundup: REE heading to Nasdaq via SPAC at $3.1 billion valuation
Report: Israel sits comfortably among Scaleup Nations, known for their resiliency in tough times. According to a report by Wakefield Research on behalf of Insight Partners, it’s the scaleups - not the startups - that require our attention this year. Read more
An Oscar. Photo: Shutterstock REE heading to Nasdaq via SPAC at $3.1 billion valuation. The merger with 10X Capital Venture Acquisition Corp features a $300 million private investment in public equity. Read more
Israeli team behind Amimon chipset wins Academy Award for Scientific and Technical Achievement. “I have won many academic awards, but there is no doubt the Oscar is the most well-known prize I’ve ever won,” says TAU professor Meir Feder. Read more
Leadspace concludes a challenging year with a $46 million investment from JVP. The company said it has put its internal conflicts behind it, appoints new CEO and chairman of the board. Read more
Can Israel's V-Bot help other countries catch up with the country's vaccine drive? Israel’s vaccination rollout has been an example for the world - now’s the time to send its robots overseas. Read more
Intel-Israel’s sales leaped but workforce remains stagnant at 2019 figures. Last year the company’s sales jumped 21% but their workforce has remained similar to 2019 figures. “Success isn’t measured in workforce numbers,” says CEO Yaniv Garty. Read more
Israeli tech execs launching $100 million Nasdaq SPAC. Moringa Acquisition is led by former executives from SimilarWeb and Stratasys and is aiming to acquire a mid-size Israel-related technology company. Read more
Granulate raises $30 million for improving computing infrastructure networks. Israeli startup creates improves the performance of organizations' computing infrastructure and reduces computing costs, round to be used to double the team. Read more
HR Post Covid | “The Covid-19 crisis has proved an outstanding opportunity for Team8’s portfolio companies to recruit strong talents.” It’s one thing to operate HR services for a startup - how about HR for a whole portfolio of them? Read more
Opinion | Tapping into an ocean of innovation: The economic interest for developing a new ecosystem on oceanic technologies. "The development of ocean technologies is doubly important for us – ecologically and economically," explains Or Haviv, Partner and Head of Ventures at Arieli Capital. Read more
CLEW Medical receives FDA approval for AI-based tech to support adult ICU patient assessment. The device, CLEWICU, is the first-ever cleared device for predicting patient deterioration based on hemodynamic instability. Read more
Israel’s Evinced raises $17 million in series A round led by M12 and BGV. Company aims to improve digital accessibility while following compliance with regulation requirements, lowering costs, and shrinking exposure to legal liabilities. Round to be used to double workforce. Read more
New survey debunks myth of early stage investment drought, Israeli VCs say too much money available. According to a report by early-stage venture capital firm Ground Up Ventures, 37 of the country’s leading funds they surveyed made 145 investments at the seed stage in 2020, rising from 112 in 2019, with the average check size at $1.77 million, a jump of 20%. Read more
Opinion | The secret to entrepreneurial success rests in kindness. ROI with a difference: being kind is just as important in our business lives as it is in our personal lives. Read more
