How much did Israeli tech employees cash in and which former tech CEO is going to jail?
CTech Daily Roundup: Your company raises billions via a SPAC - now what?
Israeli tech employees cash in over $2 billion in Q1 secondary deals. According to several recently signed mergers between Israeli tech companies and SPAC firms traded on U.S. markets, an additional sum of $2.7 billion is soon set to reach the accounts of a group of Israeli employees and entrepreneurs. Read more
Abu Dhabi. Photo: Kayak Intel Ignite launches 4th cohort in Tel Aviv, celebrates $200 million in funding in 2020. One year after the startup program moved online, Ignite will also launch in Munich, Germany. Read more
Nvidia unveils next-generation processor developed in Israel. The BlueField-3 DPU was unveiled at the GTU Technology Conference 2021 on Monday and features a central processor equipped for managing ARM-based data centers. Read more
From startup stardom to jail: former-Meetey CEO gets 38-month jail sentence for falsifying app data and defrauding investors. Tomer Yosef, who raised NIS 10 million for his social media app, was convicted in a plea bargain of fraud and theft offenses, using the cash, among other things, to buy a Manhattan apartment. Read more
REE Automotive partnering with Magna to build customized electric vehicles. The strategic collaboration will explore the combination of the REEcornerTM technology with Magna’s vehicle systems integration expertise and manufacturing capabilities. Read more
Abu Dhabi Investment Office officially launches in Israel. Prior to the launch event, ADIO Israel held a series of virtual meetings between senior executives and entrepreneurs in the Health Services and Biopharma sector from both markets over the course of four days. Read more
Opinion | The pandemic holds many opportunities for women in cloud-tech. Women’s representation in technological positions is relatively low, but is even lower in cloud computing. “Women in the Clouds” platform encourages other women to join a relatively new but booming field. Read more
