Which Israeli e-commerce company is targeting unicorn status in an IPO and why has China become too big to ignore?
CTech Daily Roundup: YL Ventures makes massive profit selling holdings in cybersecurity startup Axonius for $270 million
E-commerce experienced a “quantum shift” and there’s no going back, says senior eBay executive. Ilya Kretov, who leads the online marketplace’s operations in roughly 200 countries, said people everywhere formed new shopping habits during the pandemic. Read more
Robotics. Photo: Shutterstock Ibex Medical Analytics raises $38 million for AI-powered cancer diagnostics solutions. Ibex’s solutions detect cancer in real-time, enabling 100% quality control, while also reducing turnaround times. Read more
Cash-strapped Israel Innovation Authority forced to freeze grants to startups. The government’s tech investment arm is still accepting applications but says it can’t green-light new funding until its own budget is approved. Read more
Demostack raises $13.3 million in round led by Bessemer Ventures. The Israeli software-startup develops a system that allows companies to remotely create software demos for sale, and recently completed its $4 million seed round in December 2020. Read more
Mazor Robotics founder is at it again, raising $10 million in seed round for new startup ForSight Robotics. After a $1.6 billion exit with Mazor, Professor Moshe Shoham has his sights set on revolutionizing eye surgery. Read more
E-commerce company Global-e targeting unicorn status in Nasdaq IPO. The company said it plans to raise $100 million, but it is believed that it could end up with as much as $300 million at a valuation of more than $1 billion. Read more
Pepticom raises $2.6 million for PeptiCov, spin-off company combatting Covid-19. PeptiCov will use Pepticom’s AI technology to design, discover and develop novel peptide molecules. Read more
HR Post Covid | Amid the pandemic, Fetcherr’s HR Manager built her role and shaped her team. Even though the AI company has always been entirely remote, Fetcherr joins CTech to consider what impact Covid-19 had on society. Read more
Bank Leumi and digitalization startup CallVU partner to cut down on paperwork. Digital signatures are part of an overall initiative at Bank Leumi to make banking more transparent and convenient. Read more
Cortica announces CORDiguide, medical spin-off of autonomous AI technology. CORDiguide helps navigate the catheter in cardiological and cerebral interventions. Read more
Amot takes advantage of tech sector’s resilience to raise rent prices. Doubts over whether the transition to working from home part-time would harm the office rental market have been alleviated; tech companies are making up for losses from commercial rentals. Read more
Opinion | Why China has become too big and distinct to ignore? The rising tensions between the U.S and China have created new risks, but it’s also possible that the two countries pursue distinct economic and technological models that prosper in parallel. Read more
