CTech's Thursday Roundup of Israeli Tech News

Israeli defense contractor Rafael opens new facility in India. Israel supplied 15% of India’s arms imports from 2014-2018, according to SIPRI’s 2019 annual arms transfer report. Read more

Automotive cybersecurity company Argus to test safety of El Al's new Dreamliner plane. Argus recently established an aviation cyber division but will continue to focus on automotive cybersecurity, according to CEO Ofer Ben-Noon. Read more One of two companies allegedly involved in violating water standards to build Israel’s new desalination plant. Israel’s Ministry of Energy announced two finalists in a tender to construct the country’s sixth and largest desalination plant, IDE and Hutchison. Both companies previously owned desalination plant Sorek, which was recently found in violation of regulations. Read more

National Economic Conference | Calcalist’s economic conference to host top industry leaders, politicians in Tel Aviv. Held in collaboration with Bank Leumi, one of Israel’s two largest banks, the conference will take place on September 2, at Tel Aviv’s David InterContinental hotel. Read more

Meet the 11 finalists of Calcalist’s industry 4.0 startup competition. The competing companies are developing automation, connectivity, and data transfer technologies for implementation in factories and manufacturing lines. Read more

McKinsey: Israel on road to become a global autotech hub. A recent report by the global consultancy firm links Israel’s high R&D expenditure and its proficiency in cybersecurity and AI technologies to its role as a global mobility innovator. Read more

Digital lender Salaryo raises $5.5 million in debt financing and equity. Salaryo’s lending service is focused on financing for clients of shared office spaces. Read more

Semiconductor startup Weebit announces placement commitments worth $1.7 million. Founded in 2015 and based in central Israeli town Hod Hasharon, Weebit develops resistive random-access memory (ReRAM) technology. Read more