Investment in Israeli cyber-security adult threefold in initial half of 2016
Investment in cyber-security startups soared during some-more than threefold and exports climbed 15% in a initial half of a year, compared with a same time in 2015, a Israel Export Institute pronounced Monday brazen of a Israel HLS Cyber Conference.
Investment reached $769.4 million in a initial half, compared with only $500 million in all of 2016 and $220 million in 2014, a quasi-governmental hospital said. That done Israel a No. 2 end for cyber-security investment globally after a United States. Exports for cyber-security reached about $2 billion, though 80% of that came from a singular company, Check Point Software Technologies.
Cyber-security exits were down to only $75.8 million in a initial half after reaching $1.3 billion for all of 2015. Homeland Security Research Corporation forecasts that a marketplace for cyber used in homeland confidence applications alone will grow to $546 billion in 2022 from $332 billion in 2015. Israel’s cyber-security attention depends about 300 companies, many of them startups, as good as 25 multinationals conducting investigate and development, including IBM, Cisco and Lockheed Martin. (Ora Coren)
Elbit to betray drone-defense technology
A day after a worker quickly disrupted flights during Ben-Gurion International Airport when it strayed into a moody trail used by blurb jets, Elbit Systems pronounced Monday it had grown record that neutralizes drones when they poise a threat. Due to be rigourously denounced during a Israel HLS Cyber Conference this week in Tel Aviv, Elbit’s ReDrone complement is designed to strengthen sealed atmosphere spaces, infrastructure and other vicious areas opposite antagonistic drones perspicacious a stable perimeter.
Elbit, Israel’s biggest private zone invulnerability company, pronounced a complement detects a drone, disrupts communication with a operator, and blocks a radio and video signals and GPS positioning data, promulgation it off-track. The complement provides 360-degree fringe insurance and up-to-the-minute situational awareness, and can also understanding with a series of opposite drones concurrently as good as in all weather, a association said. (TheMarker Staff)
Singular raises $15 million for mobile-marketing platform
Singular, whose height enables advertisers to consider a efficacy of their mobile marketing, pronounced final week it had cumulative $15 million in appropriation to accelerate product growth and support general expansion. KDWC, Translink Capital and Telstra Ventures led a round, with existent financier General Catalyst fasten them.
Founded in 2014, by Israelis Gadi Eliashiv and Eran Friedman together with American Susan Kuo, Singular has lifted $20 million to date and has offices in San Francisco, Tel Aviv and Berlin. Thirty of a 50 employees are shaped in Israel. Companies like Lyft, Twitter, Match.com and Zynga use a Singular height to bond manifold information from digital selling points to obtain selling insights and consider a lapse on their selling spending. (Ruti Levy)
Bank Leumi creates $29 million in loans to startups
Bank Leumi’s plan to turn a heading actor in lending to high-tech companies took a large step brazen final week when it finished dual loans totaling $30 million to dual startups. The bank’s LeumiTech section awarded a $14 million loan to Celeno Communications, that was founded in 2005 and designs chips for use in Wi-Fi, and a $15 million loan for SimilarWeb, a digital-marketing comprehension association shaped in 2007. Both loans were done by a bank’s Leumi Business Center in a high-tech core of Herzilya, that several months ago combined all a tech lending activities of 8 bank branches in a core of a country. The loans are for terms of 3 to 4 years and are corroborated by a European Investment Fund. The EIF, that has enabled Leumi to step adult tech lending given it sealed on with it during a start of a year, is partial of a European Union’s Horizon 2020 module to inspire investigate and innovation.
Article source: http://www.haaretz.com/israel-news/business/tech-roundup/1.753221