CTech’s Thursday Roundup of Israeli Tech News

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SoftBank leads $300 million round for online insurer Lemonade. The investment brings Lemonade’s total funding to date to $480 million. The company, which offers customizable property and casualty insurance policies at a flat monthly rate in 27 U.S. states, is now expanding to Europe. Read more

Left to right: Lemonade's founders Shai Wininger and Daniel Schreiber. Photo: Yael Wissner-Levy Left to right: Lemonade’s founders Shai Wininger and Daniel Schreiber. Photo: Yael Wissner-Levy

Mind the Tech NY | Calcalist’s third annual Mind the Tech conference opens in New York. Mind the Tech has become one of the key events of the Israeli tech sector, bringing together entrepreneurs, investors, and business partners from the U.S. and Israel for networking and business development. Read more

 

Mind the Tech NY | Qumra Capital reveals its top 10 promising Israeli startups. Tel Aviv-based venture capital firm Qumra Capital has selected 10 companies that present a diverse picture of the Israeli tech sector and are on track to reach $10 million in annual sales. Read more

 

Cisco partners with Ehud Barak-backed 911 startup Carbyne. Carbyne develops a cloud-based platform that allows dispatchers to receive GPS data, video and audio transmission and use texting services to supplement voice in distress calls. Read more

 

Nissan Chemical partners with Israeli battery startup StoreDot. develops fast-charging batteries for mobile phones, tablets, and laptops, as well as for electric vehicles. Read more

 

Israel tax authority issues pre-ruling on tax benefits for small startups. In October, Calcalist reported that to encourage the local tech sector, the authority is updating its regulation to award companies with less than 10 people the same benefits as large enterprises. Read more

 

Verint declines stakeholder demand for board changes. In a letter to investors, the cybersecurity company called the demand made by 2.6% stakeholder Neuberger Berman ”unwarranted.” Neuberger Berman told Reuters Verint was being “defensive.” Read more

 

Nasdaq and Tel Aviv-listed cyber company Safe-T acquires proxy network startup NetNut. Safe-T offers anti-hacking services to financial institutions, mainly Israeli government and academic entities, as well as commercial companies. Read more

 

Wix unveils plans for new 50,000-square-meter Tel Aviv headquarters. The website building company plans to invest $80 million into the new space, located on the beach in Herzliya Pituach, on the border with Tel Aviv. Read more



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