CTech's Sunday Roundup of Israeli Tech News
God willing, he will cure cancer, and shrimp; We created dozens of new millionaires, say Armis co-founders
God willing, he will cure cancer, and shrimp. At 43, Technion researcher Avi Schroeder is a phenomenon with four startups under his belt, working to cure cancer with elephant protein and trying to personalize chemotherapy. In between, the kosher-keeping Yeshiva graduate is taking on a deadly shrimp plague. Read more
Interview | We created dozens of new millionaires, say Armis co-founders. On Monday, New York venture capital firm Insight announced it agreed to buy the Israeli IoT cyber company for $1.1 billion. Read more Israel grounds Tesla’s autopilot feature. Israel’s Ministry of Transport ordered the electric car company to inform customers in Israel that they are not allowed to use the vehicles’ autonomous capabilities. Read more Aeronautics’ CEO to step down amidst criminal investigation. Amos Matan announced in a letter he will be replaced by Moshe Elazer, currently the naval systems director at Israeli defense contractor Rafael, one of the Aeronautics’ owners. Read more Sisense in the process of raising a $100 million round Led by Insight Partners. The round is being raised according to a company valuation of $1.1 billion; Insight Partners has been making headlines this week with a series of deals involving Israeli companies. Read moreIsrael wants to shoot down rockets with lasers. The Israeli Ministry of Defense announced a breakthrough in the development of laser defense systems, intended to intercept a variety of threats including drones and, rockets, artillery, and mortar attacks. Read more
Expert | From the U.S. army to marriage in Israel: the legal status of DNA testing kits. Genetic testing has always been somewhat controversial, raising privacy concerns as well as potentially damaging psychological and legal effects. Read more
Ramallah startup uses social media to help people in conflict areas assess risks. RedCrow utilizes natural language processing and AI to analyze data from social media posts and predict security threats and potential shifts in a region’s level of stability and safety. Read more CES 2020 saw a flurry of Israeli automotive startups. At this year’s Consumer Electronics Show in Las Vegas, 70 Israeli automotive startups showcased their technologies and flaunted new partnerships. Read more