CTech's Tuesday Roundup of Israeli Tech News
Hyundai and Baidu tap Israeli autonomous car technology. Israeli minister days Intel may invest $9 billion more dollars in Israel. A look at 2018’s top ten investments in local tech companies so far
Intel mulling $9-billion investment in Israel, economy minister says. Intel quickly reacted to the statement by Economy Minister Eli Cohen saying that “there is no concrete investment being considered right now in Israel.” Read more
Baidu teams up with Intel’s Mobileye to make self-driving cars safer. The Chinese tech company also said it would use Mobileye’s autonomous sensing array of cameras, computer vision hardware and software in its offering to China’s automakers. Read more
These ten Israeli companies raised the most money in 2018. CTech takes a look at the biggest funding rounds of the past six months. Read more
Cybersecurity company ThetaRay raises $30 million. ThetaRay uses machine learning algorithms to detect system behavior anomalies and threats such as ATM hacking, insurance fraud and SWIFT-based attacks. Read more
Hyundai invests in autonomous vehicle chipset developer Autotalks. The investment in Israel-based Autotalks is in the single-digit millions. Read more
Kenyan Telecom Company to Replace 800 Diesel Generators with Fuel Cells. Gencell, a startup based in Israel, says it will begin installing its fuel cell systems at the base of off-grid cell towers in Kenya toward the end of this year. Read more
Israel tanks plans to split national broadcaster citing Eurovision contest rules. A bill passed by the Israeli parliament cited letters from the European Broadcasting Union stating that the split may jeopardize Israel’s role as host of the international song contest in 2019. Read more
Israel’s national railway adopts contactless credit card payments. The new payment system will allow passengers to use credit cards equipped with an EMV chip to instantly pay for rides without needing to purchase a paper ticket or charge a pre-purchased card. Read more
Over 10% of all investments in Israeli tech come from China, Israeli minister says. Chinese and Israeli politicians, industry magnates, and representatives of tech and investment companies are participating in the three-day summit in Zhuhai. Read more
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