CTech’s Weekly Roundup of Israeli Tech News

Hardware hacking is a global problem, says cyber executive. Earlier this month, Bloomberg ran a series of stories reporting that China installed spy chips on motherboards manufactured by U.S.-headquartered Supermicro, a company whose motherboards are used by tech companies like Apple and Amazon in their servers. Read more

ARM to partner with cybersecurity firm Cybereason to develop secure IoT chips. ARM has come to dominate the mobile market with its designs of energy efficient chips and is forecasted to be a major player in the future market of connected devices. Read more

 

 

Facebook deleted thousands of accounts ahead of Israeli municipal elections. The social network collaborated with an Israeli government cyber defense organization on the issue, drawing criticism about the tie-up. Read more

Nvidia sets up new AI outpost in Israel. The Tel Aviv-based center will be under the aegis of the chipmaker's research division. Nvidia opened a research and development center in the country last year. Read more

Israeli innovation hub gets top marks in global competitiveness index. Israel was ranked 20th out of 140 countries on the index, weighed down by cumbersome business-related bureaucracy. Read more

Video | This robotics startup plans to fund engineering courses for the people it plans to put out of a job. Skyline Robotics develops a software that turns existing machinery in high-rises into window cleaning robots. Watch the video

Israel to require license for using electric bicycles and e-scooters. The Israeli government has approved a new set of regulations restricting the use of electric scooters and bicycles. Read more

Glilot Capital raises $110 million third fund. The fund will focus on early stage investments in artificial intelligence, big data, and cybersecurity startups. Read more

Israeli court moves to block online gambling sites. While Israel plays host to numerous online gambling outfits, legislation prohibits offering such services to locals. Read more 

M&A and IPOs

Temasek acquires cyber consulting company Sygnia. Read more

Nasdaq-Listed SolarEdge to Acquire South Korean battery company Kokam. Read more

Novartis-backed Gamida downgrades Nasdaq IPO expectations to $50-$60 million. Read more 

Startup funding

Open source management company WhiteSource raises $35 million. Read more

Autotech startup Cognata raises $18.5 million. Read more

Autonomous vehicle startup Vayavision raises $8 million. Read more

Live video courses marketplace Jolt raises $7.2 million. Read more

Encryption startup Kindite raises $4 million. Read more

Blockchain cybersecurity startup Valid raises $2 million. Read more

Roquette backs Israeli seed breeding startup Equinom. Read more

Retail tech startup IntraPosition raises $1.5 million. Read more

ASX-listed satellite company SAS receives grant from Polish government. Read more

Israeli pharma retailer invests in local online food delivery company Bring Bring. Read more

Food waste elimination startup Wasteless raises $2 million. Read more