Good News Israel: Israeli Tech Lowers Insurance Costs, Millions Invested in Israeli Startups, and More!
Israeli tech can reduce car insurance premiums, Investment in Israeli startups, Security with Israeli “Salt” company, and much more!
By Michael Ordman
ECONOMY & BUSINESS
Israeli tech can lower car insurance premiums
Israeli insurance software company Sapiens is offering its insurance clients the driving behavior app from Israel’s GreenRoad Driving Technologies. It will allow the insurers to assess the risks of potential customers and offer personalized policies with appropriate premiums.
Security with Salt
Israeli cyber security startup Salt Security protects a company from cyber-attack through its many interfaces with external systems. Salt Security has sealed strategic partnerships deals with French multinational retail corporation Carrefour and Nasdaq-traded data centers giant Equinix.
Investment in Israeli startups
Next Insurance raised $250 million; Infarm raised $170 million; BioCatch raised $168 million; Papaya Global raised $40 million; Axis Security raised $32 million; Coralogix raised $25 million; Medasense raised $18 million; KeepMed raised $15.2 million; Strigo raised $8 million.
Israeli tech on track to another record
Despite the global pandemic, Israeli tech companies have raised $7.6 billion in the nine months of 2020 and well on track to beat the previous record of $8.3 billion for the whole of 2019. Especially popular are Israeli tech companies that focus on healthcare, cybersecurity and remote working.
New UAE & Chinese partners for Mobileye
Chinese automaker Geely will be installing SuperVision ADAS from Israel-based Mobileye in Lynk & Co’s Zero Concept electric vehicle. Mobileye will also shortly begin testing autonomous vehicles in Dubai and aims to roll out full Mobility-as-a-Service by 2023.
Providing storage solutions for Intel
Intel Corp is partnering Israel-based Lightbits Labs. Lightbits’ product LightOS system will be optimized for Intel hardware and provide customers with improved storage efficiency for their data centers without compromising performance.
Cisco acquires Israeli cybersecurity startup
Cisco has acquired Israel’s Portshift for $100 million, to “move towards delivery of security for all phases of the application development lifecycle. The Portshift team is building capabilities that span a large portion of the lifecycle of the cloud-native application.” Cisco wrote.
Israeli cybersecurity companies consolidate
Israeli-founded cybersecurity giant Imperva is acquiring Israeli-founded US database security company jSonar. jSonar’s analytics and Security Operations, Automation and Response (SOAR) platform will be incorporated throughout Imperva’s systems.
Overtaking on the inside
Israeli car fleet management startup Fleetonomy (reported here previously) has been taken over by fellow Israeli company Via Transportation. Fleetonomy should comfortably fit into Via’s mission statement to build “the transportation systems of tomorrow, right now.”
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