Which company was acquired for $150 million and who received FDA approval for their smartphone-based telemedicine solution?

EMK Capital to acquire Cardo Systems for $150 million from Fortissimo Capital and company founder. Fortissimo Capital will net almost $100 million from the sale of its stake, while founder and chairman Dr. Abraham Glezerman will receive $45 million for his shares. Read more

Israeli startup Empathy raises $13 million seed round to launch app for minimizing burdens after losing a loved one. Combining financial technology and human support, Empathy is launching its app for users across the U.S., guiding families through the logistical and emotional complexities experienced with loss. Read more

Upsolver raises $25 million for big-data processing software. The Israeli startup has developed a platform that processes large-scale data on the cloud and plans to use the funds to expand its Israeli R&D team. Read more

Fyllo raises $30 million to expand digital marketing and compliance solutions beyond cannabis industry. Some 60% of the funds raised in the Series B came from outside of the cannabis sector, validating the Israeli company's potential to scale beyond the endemic market. Read more

Lightrun launches free debugger for developer-native observability. Lightrun Cloud gives Java community the power of “shift left”

observability into running production code, simplifying debugging with a simple IDE plugin and native CLI. Read more

Radiology Partners and Aidoc to use AI technology in radiology scans. The partnership will rely on Israeli artificial intelligence technology tools in radiology imaging, shortening assessment time, saving lives. Read more

Israeli startup MyHomeDoc receives FDA approval for smartphone-based telemedicine. The MyHomeDoc device is capable of testing the most common vital signs for primary medical care and all from a smartphone. Read more

Israel’s Ayalon Insurance Company integrates next-gen 911 system Carbyne into its systems. Representatives can now video call customers who recently suffered an incident and can immediately offer support and review damage. Read more

Aporia comes out of stealth, announces $5 million funding to ensure AI integrity. The Israeli startup's monitoring platform helps data scientists create their own monitors for machine learning models. Read more

Israeli fintech startup COTI announced as first beneficiary of Cardano's cFund. The Cardano ecosystem venture fund is set to provide the Israeli company with around $500,000 to develop its enterprise-grade fintech solutions. Read more

Appointments | eToro appoints Dr. Hedva Ber as Deputy CEO and Global COO. Ber, who previously served as Israel’s Supervisor of Banks, will lead eToro’s operational infrastructure, corporate governance, and compliance, as well as its regulatory affairs, legal, risk management and social responsibility sectors. Read more

Appointments | Andy Ellis named Operating Partner at YL Ventures. Former U.S. Air Force officer, MIT graduate, and respected cybersecurity leader will bring decades of experience to venture partner firm and help Israeli startups navigate their strategic plans. Read more