Who raised a $112 million fund and which Israeli company was acquired by DraftKings?

Israel Biotech Fund ready to expand portfolio after closing $112 million second fund. The fund will focus on the investment and formation of Israeli biotech and pharma companies developing drugs at different stages of development and for various indications. Read more

Gaming giant DraftKings acquires Israeli company BlueRibbon. The acquisition sum was not disclosed; DraftKings says it will onboard the acquired company’s team and increase hiring for Tel Aviv development center. Read more

AmplioSpeech raises $27 million for special education platform. AmplioSpeech offers an outcomes-driven, intuitive digital platform that engages students, and partners with special education professionals to deliver differentiated. interventions. Read more  

Israel Innovation Authority publishes call for proposals for three new tech incubators. Applicants have until September to apply to operate incubators specializing in high-risk sectors. Read more

Analysis | Israel’s Open Banking Reform is tangled up in politics. New technologies and a different approach to client data could shake up the sector, but only if the politicians can get their act together. Read more

HR Post Covid | With the majority of Israelis vaccinated, Agritask is ready to return to the office. It’s been a long year of social distancing and Zoom calls, but for the Israeli headquarters of the agtech company, things are finally looking up. Read more  

Hack of Insurance company Shirbit erased its 2020 profits. After hacking fiasco, Shirbit sued for NIS 1.2 billion, and marked NIS 8 million in losses. Phoenix Insurance in stages of acquiring Shirbit. Read more

Argus Cyber Security plans to protect 57 million connected vehicles from cyber attacks. By 2023, it is estimated there will be 775 million connected cars on the world’s streets. Read more

Israel’s Glassbox joins Adobe Exchange Partner Program to help digital journeys. Glassbox help brands map and analyze each journey of digital customers on web and mobile apps. Read more

Partner CEO Isaac Benbenisti announces intentions to step down. During his six-year tenure, he oversaw the launch of Partner’s television services, initiated the deployment of fiber optic cables, and launched 5G cellular services in the country. Read more