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CTech's Wednesday Roundup of Israeli Tech News

CTech's Wednesday Roundup of Israeli Tech News

Viola Growth raises third, $280 million fund; Kornit Digital aims to raise $130 million in public offering

CTech  :  2019-06-12T14:19:27..
Viola Growth raises third, $280 million fund. The Israel-based venture capital fund's two previous funds totaled $440 million in commitments. Read more

Tel Aviv. Photo: Shutterstock Tel Aviv. Photo: Shutterstock Tel Aviv. Photo: Shutterstock

Kornit Digital aims to raise $130 million in public offering. The Nasdaq-listed company has chosen Citigroup, Goldman Sachs, and Barclays as the bookrunners. Read more

Automaker Ford inaugurates new research center in Tel Aviv. Bill Ford, the executive chairman of the company, currently visiting Israel, was present at the opening of the center. Read more

Venture capital firm Finistere is committed to Israel, says founding partner. On Tuesday, the San Diego-Based VC, along with several local partners, won a government tender for the establishment of a foodtech startup hub in Israel’s northern Galilee region. Read more

Lockheed Martin lands $42 million contract to operate Israeli Air Force F-35 training center. As part of the agreement, the company will recruit around twenty-five new employees from the country’s southern region. Read more

Israel wants to expand autonomous vehicle testing. State-owned company Ayalon Highways is overseeing a tender for the creation of autonomous vehicle testing sites throughout the country. Read more

Netafim signs $14 million irrigation deal in Tanzania. The company will provide irrigation to 20 square kilometers of sugarcane grown by a subsidiary of Tanzania-based conglomerate Bakhresa Group. Read more

Cybersecurity startup Fireblocks raises $16 million. Fireblocks develops a blockchain security service that combines over-the-counter (OTC) transactions, hot wallets, and exchanges into one platform. Read more

Cybersecurity startup CyberObserver raises $8 million. CyberObserver develops a cybersecurity management service that consolidates security management reports, helping security and IT teams gain real-time insights across the entire cybersecurity ecosystem. Read more

Kobi Rozengarten leaves JVP, will lead GigCapital’s Israeli operations. GigCapital also announced the opening of its new office in Israel, the company’s first outside the U.S. Read more

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