Who is investing $200 million in Outbrain and what does the Ministry of Defense need from VCs?
CTech Daily Roundup: Harel to invest $65 million in Silicon Valley Bank’s $375 million fund
Harel to invest $65 million in Silicon Valley Bank’s $375 million fund. "We are adding a third leg to our technology investments through a connection with one of the largest entities in the high-tech world," said Sami Babkov, who manages the investment division of the Israeli insurance company. Read more
Pigs. Photo: Bloomberg
Ministry of Defense taps VCs to fund weapon development. MoD representatives have held talks with venture capital funds regarding making joint investments in startups that are developing technology that can be used both in the defense and civilian sectors. Read more
MeaTech has announced cultivated pork, allowing millions to bring home the bacon. Pork is the most popular meat in the world, followed by poultry, beef, and goats/sheep. Read more
FinTech 2021 | Earnix: The transformation of banking will come from technology. Speaking at Calcalist’s FinTech2021, Earnix CEO Udi Ziv shares how he thinks technology will influence legacy banking institutions. Watch full video
Appointments | Cybersecurity company Morphisec appoints Ron Reinfeld as CFO. “This company is growing exponentially; the last quarter has been the strongest in its history and is bringing a complete and comprehensive solution to a complex problem that is relevant to most businesses around the world," said Reinfeld. Read more
The New Tech Millionaires | Words can also be a means of wealth. When the new tech industry reality contradicts life itself, a new language is constructed to describe the unimaginable. Read more
When millennials get rich. Techies with newfound wealth are often practical with their money, but can also lose friends and relationships along the way. Read more
Opinion | The SPAC phenomenon: Two-way democratization of the U.S. capital markets. “The SPAC wave may present mid-size Israeli companies with an alternative path to the U.S. public markets. And, this path provides greater deal certainty than in a traditional IPO,” writes Jonathan M. Nathan of Meitar Law Offices. Read more
