Which former boss of Israel's Security Agency raised money for his startup and is the cannabis business blossoming again?
CTech Daily Roundup: Cybersecurity startup headed by former Shin Bet boss raises $7 million
Cybersecurity startup headed by former Shin Bet boss raises $7 million. Opora’s software detects potential cyberattacks targeting the organization well before they occur. Read more
Insight Partners leads $8 million investment in Israeli emailing platform Spike. Spike has developed a mobile application that puts existing e-mails into a multimedia mobile messaging, chat-like interface enhanced with voice and video calls. Read more
IAI to acquire drone manufacturer Bluebird. Bluebird specializes in making relatively small unmanned aerial vehicles including a model that can take off and land vertically. Read more
BIRD Foundation to offer $1 million for winning security technology. The program funds up to 50% of the combined project budget, up to $1 million per project, and is repaid only if the project achieves revenue. Read more
GitLab acquires fuzz testing startup Fuzzit. Following the acquisition, GitLab will begin expanding its operations in Israel.
Vitruvian Partners backs Global-e in $60 million round amid Covid-19 e-commerce surge. The new raise comes on the heels of a significant increase in global online commerce, in part because of the coronavirus pandemic, which led many companies to up their online sales activities. Read more
Ehud Barak’s cannabis company InterCure raises $11 million in private placement. Following the announcement, InterCure’s stock went up 7.76% by market close, Wednesday. Read more
Green concrete startup ECOncrete raises $5 million. Tel Aviv-based ECOncrete manufactures concrete structures that accelerate the growth of marine plants and animals, including fish, coral reefs, seaweed, and sea anemone. Read more
Former CEO Moshe Yanay invests in data storage company Infinidat. Yanay founded Infinidat in 2011 and served as CEO until May this year, when he announced that he will be stepping down to focus on the technological aspects of the company’s product. Read more
Israeli ag-tech startup Consumer Physics unveils in-field corn moisture analysis technology. Consumer Physics' user-friendly device replaces lengthy, expensive, and complicated processes that currently require the collection of several corn cobs from the field, which are then sent to plants or labs. Read more
Israeli cannabis company InnoCan raises $3.7 million. InnoCan focuses on the development of several drug delivery platforms combining cannabidiol (“CBD”) with other pharmaceutical ingredients. Read more
