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Wiz acquires Dazz for $450 million to strengthen AI-driven cloud security
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Cyera doubles valuation to $3B with $300M Series D, total funding hits $600M in seven months
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Claroty veterans launch Twine with $12M in Seed funding from Dell and Wiz founders to deploy AI cyber workers
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Mediaocean acquires Innovid for $500M, delisting it from the NYSE
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Prompt Security raises $18 million Series A to protect enterprises from GenAI risks
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Autotech

20 stories about Autotech
מימין נועם ארקינד ו קובי מרנקו מייסדי ארבה

After falling 86% from its peak, Arbe is coming to Tel Aviv in search of fresh funding

03.06.24|Sophie Shulman
The chip developer for the autonomous vehicle industry was listed on Nasdaq three years ago at a valuation of half a billion dollars. Since then, it has burned through $100 million and emptied its coffers. The solution? Raising debt in Tel Aviv.
רכב אוטונומי מכונית ללא נהג

Autotech startup Wisense shutting down

13.02.24|Meir Orbach
The radar developer raised a total of $37 million, but laid off most of its workforce last November before recently notifying the remaining staff that it would be closing down completely
גיל גולן מנכ"ל ג'נרל מוטורס בישראל ברקע בניין חדש של ג'נרל מוטורס בהרצליה

GM's CTO Gil Golan steps down just one month after promotion

05.10.23|Meir Orbach and Tomer Hadar
Golan played a pivotal role in establishing GM’s Israeli center, which employs over 850 people
יו.וי.איי סורק מכוניות אוטוטק UVeye

Top gear: Israeli autotech cruises along despite high-tech crisis

14.05.23|CTech
Israeli startups in the sector have registered impressive funding rounds and exits this year, as well as collaborations with some of the biggest names in the industry
בן וולקוב מנכ"ל אוטונומו

The end of the road: Autotech company Otonomo to be acquired by Urgently after losing 95% of value

10.02.23|Sophie Shulman
Otonomo went public via a SPAC merger at a $1.26 billion valuation in the summer of 2021, but has since laid off almost its entire workforce and dropped to a market cap of $70 million
זוהר פוקס CEO ואורי לדרמן COO, אורורה לאבס

Aurora Labs raises $63 million Series C for vehicle software intelligence

07.07.22|Meir Orbach
The Israeli autotech startup allows automotive companies, Tier-1 suppliers, silicon vendors, and enterprises to develop, certify and diagnose software, and conduct over-the-air updates
טיפול מוסך רכב תיקון

Traffilog, SafeRide negotiating $1 billion SPAC merger

09.11.21|Golan Hazani
The newly-merged Israeli autotech company is in advanced negotiations to go public in the U.S. by merging with a SPAC
מוסך קרסו רנו ניסאן ראשון לציון

Traffilog, SafeRide join forces in Israeli autotech merger

07.11.21|Udi Etsion
The merged company, which is set to be valued at hundreds of millions of dollars, will provide an AI-based telematics solution to identify malfunctions and required maintenance according to actual wear and tear
Tactile Mobility Team

Porsche, Goodyear investing in Israeli startup Tactile Mobility

27.10.21|CTech
The $27 million Series C was led by Delek Motors and will be used to support growing demand for Tactile's sensing technology and data offerings
מנכ"ל ולנס גדעון בן צבי

“SPAC mergers are like a bank loan, they are given to those who do not need it”

31.07.21|Golan Hazani
With its chips installed in Mercedes among others, Valens Semiconductor is gearing up for an October SPAC merger at a $1.16 billion valuation
Arbe founders

4D radar developer Arbe Robotics headed to Nasdaq via SPAC merger

18.03.21|Udi Etsion
The Israeli autotech innovator is set to merge with Industrial Tech Acquisitions at a valuation of $723 million
חברת Uveye בדיקה לרכב CES 2020

Hyundai is the latest carmaker to invest in Israel’s UVeye, joining Toyota, Honda, and Volvo

19.01.21|Udi Etsion
The Korean company’s investment of several millions of dollars will bring the total investment by the automakers to $40 million
מייסדי Aurora Labs זוהר פוקס ואורי לדרמן

Aurora Labs sees investors compete to take part in $23 million funding round

22.09.20|Meir Orbach
The Israeli autotech company offers easy updates to connected vehicle software, seeks expansion into IoT devices
דורון חמו נספח כלכלי מינכן

Israeli innovation in demand for German auto industry‘s next-gen vehicles

28.08.20|Allon Sinai
Trade rep to Munich says post-Covid business practices make linking Israeli and German companies easier
תל אביב נתיבי איילון פקק תנועה פקקים כביש

Tel Aviv’s busiest road is set to become a staging ground for autotech experiments

23.06.20|Tomer Hadar
Ayalon freeway to pilot smart transportation solutions with companies who can’t conduct trials abroad
ד"ר קארל פיקרינג מנכ"ל ADAM CogTech

Israeli driver-awareness monitoring startup ADAM CogTech raises $2 million

15.06.20|Udi Etsion
Mobilion Ventures-backed technology can test whether a driver is drunk, fatigued or on drugs
צוות Salesforce Ventures

Salesforce Ventures joins vehicle cybersecurity startup Upstream’s series B round

09.06.20|Meir Orbach
“Both Salesforce and Upstream have jointly recognized the power in automotive data and the capabilities that it unlocks,” said CEO Yoav Levy
בן וולקוב אוטונומו

Israel-based Otonomo signs data-sharing collaboration with Fiat Chrysler

09.06.20|Meir Orbach
Otonomo develops ways to monetize data collected by smart cars, acting as a middleman between carmakers and third-party companies that offer automotive-related services
צוות IRP הייטקיסט

Fosun Leads $17 Million Round for Israeli Autotech Company IRP

12.05.20|Meir Orbach
IRP develops energy-efficient high-performance engines and controls for electric vehicles
טל כהן

Covid-19 Won’t Lead to Drop in Autotech Startups, says Drive and Next Gear Founder

05.05.20|CTech
Tal Cohen points to the fundamental problems at the heart of the auto industry and says startups are finding their place in it
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