Who raised $110 million and why does Facebook need more office space in Tel Aviv?
CTech Daily Roundup: Work from home? Facebook expanding Tel Aviv office space despite Covid-19
Nanox announces completion of $110 million series B financing round. Israeli medical imaging company will deploy its digital x-ray device in 13 countries. Read more
Work from home? Facebook expanding Tel Aviv office space despite Covid-19. Social media giant to take over two floors in trendy office tower vacated by Magic Leap who carried out a round of layoffs. Read more
Data automation startup Explorium raises $31 million. Explorium develops an end-to-end data automation service that connects the customer's internal database to thousands of external sources to extract and aggregate relevant information to create predictive models. Read more
Israel’s Zebra Medical Vision gets its first FDA clearance in oncology. The new approval marks the sixth time the medical imaging company has earned FDA clearance. Read more
Unprecedented challenges require unprecedented actions, says senior analyst. Managing partner at Cukierman & Co. Investment House, Noach Hager, is optimistic regarding the Israeli economy's long-term future, but is expecting some difficult days to come first. Read more
If the shoe fits: MIT Enterprise Forum calls on entrepreneurs to take part in FemTech Foundry 2020. As the market catches on to the potential of tech that provide for women’s needs, organizers wish to give women the tools to capitalize on the opportunity. Read more
ClimaCell announces $23 million series C to grow weather intelligence platform. The startup, founded by a team of Israeli entrepreneurs and based out of Boston, Massachusetts, develops a smart weather forecasting system, capable of predicting the weather on a minute-by-minute basis and within a 500-meter radius. Read more
Tel Aviv Stock Exchange harnesses blockchain tech for new securities lending platform. In March 2020, TASE members were given access to an initial testing environment in the new platform in order to test lending transactions and adapt their systems. Read more
Israel cannabiz leader Seach plans to expand into Europe. Seach Medical Group produces optimized medical cannabis for a variety of ailments, including autism for which it is currently testing with 100 children and teens. Read more
Automotive cybersecurity startup Cybellum raises $12 million. Cybellum’s system provides OEMs and Tier-1 suppliers with automatic software risk assessments through an agentless and on-premise end-to-end program. Read more
Israeli tech sector saw a 52% rise in the number of Haredi Jews employees since 2014, report shows. A new report published by umbrella organization IATI and Haredi nonprofit KamaTech indicates there are still significant gaps in pay and integration rates between Haredi and non-Haredi workers in tech. Read more
