Which Israeli company reached a $1.7 billion valuation in just one year and who struck a deal with Amazon?
CTech Daily Roundup: Fortissimo Capital scores $140 million from sales of Incredibuild shares
A unicorn on steroids: Wiz raises $130 million series B to reach $1.7 billion valuation a year after its launch. The Israeli cyber company raised the new round just three months after its $100 million series A. Read more
Viz.ai raises $71 million to expand AI healthcare solutions. The Israeli startup, which has developed deep learning and artificial intelligence-powered technology, is aiming to build on its deep learning model identifying signs of a stroke on brain CTs. Read more
Drones. Photo: Dror Ben-David/Matrix
Fortissimo Capital scores $140 million from sales of Incredibuild shares. Insight Partners to become controlling shareholder following the acquisition of holdings in the Israeli development acceleration platform. Read more
Israel Innovation Authority kicks off campaign to bring expat techies back to Israel. Facing a severe personnel shortage in the tech sector, Israel hopes to lure back emigrants with promises of job security and a cushy landing. Read more
Nofar Energy to acquire Tesla storage systems bolstering its renewable power capabilities. Chairman Ofer Yannay sees the arrival of electric vehicles as a game-changer for the entire energy sector. Read more
It’s a Deel: new card available for international teams and remote contractors. Deel Card gives remote workers a way to access and spend their funds with digital and virtual debit cards. Read more
Dovi Frances' Group 11 announces new $120 million fintech fund. Similar to its prior funds, Group 11 Fund V will invest primarily in Silicon Valley-based financial technology software companies often related to Israel through their founding teams and R&D centers. Read more
Israeli startup Vulcan Cyber secures $21 million series B for vulnerability remediation platform. Vulcan Cyber said it experienced 500% growth in annual recurring revenue (ARR) in 2020. Read more
Next Insurance partners with Amazon Business to expand its user base. “We believe the future of the insurance buying experience involves meeting customers where they already are,” says CEO Guy Goldstein. Read more
With eyes on delivery drone deployment, Israeli authorities conduct widescale tests. The skies got crowded as five private firms flew their drones to test the responses of a control room in Haifa, 56km away. Read more
Analysis | Is eToro really worth more than $10 billion? The Israeli fintech company, which officially announced its SPAC merger yesterday, generated gross revenues of $605 million in 2020 and believes it could reach $2.5 billion in 2025. Read more
HR Post Covid | During Covid-19, it’s important to “manage your energy,” says AllCloud. There are things we can control and things we can’t - AllCloud’s Noa Shomrony-Gal breaks it down for CTech. Read more
Partner and 8200 Impact are solving social problems through technology. Israeli cell phone company Partner and the 8200 Impact accelerator have partnered to solve social problems of equality, empathy, inclusivity, and doing good to help emerge from the financial crisis. Read more
Appointments | JVP introduces six new partners amid an expansion of global operations. Three women and three men named as partners and venture partners in the Jerusalem-based fund. Read more
Environmental Innovation | Capitalism is “the only answer to the environmental crisis.” Entrepreneur and international sustainability expert John Elkington shared his views at Calcalist’s Corporate Responsibility Conference alongside Dr. Talia Aharoni from the Tel Aviv University School of Management. Watch full video
Opinion | In a hyper-competitive recruitment landscape, an international internship will give you the edge. A word of advice to college students out there: Interning abroad is a huge leap, so take the chance and follow my lead. Read more
Opinion | Aggressive taxation is holding back crypto adoption in the Start-Up Nation. If Israel desires to become the ultimate tech-nation it has to offer a better taxation method for tech investors, including those in the crypto sector. Read more
