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Tech Israel

Daily Updates from Silicon Wadi for Wednesday, July 14, 2021

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Illustrative image of a race; Israeli tech firms raised a record $6.52 billion in the second quarter of 2021, bringing the capital raised in the first half of 2021 to more than what was raised in the full year 2020, according to data compiled by IVC and Meitar (Tomwang112; iStock by Getty Images).

Israeli tech firms raise record $6.52b in Q2, led by fintech and cybersecurity

By Shoshanna Solomon

IVC-Meitar report shows that in H1, tech firms raised a whopping $11.9 billion, higher than full year 2020; firms now need to justify their high valuations

The Nasdaq building in Times Square in New York. (littleny, iStock by Getty Images)

Human rights groups call for halt to phone-cracking Cellebrite’s share listing

By Shoshanna Solomon

In a letter to SEC, Nasdaq, and SPAC with which Israel-based firm is set to merge, groups say digital forensic company should first show commitment to safeguarding human rights

Illustrative image of a hacker and online fraud. (scyther5; iStock by Getty Images)

Former US treasurer Mnuchin leads $275 million funding in Israeli Cybereason

By Shoshanna Solomon

Funding triples valuation of cybersecurity firm founded in 2012 to over $3 billion; investment in the behavioral analytics firm is the first by new Liberty fund

Illustrative image of hacking, hackers, ransomware and a cybersecurity attack. (solarseven; iStock by Getty Images)

Israel launches anti-ransomware campaign as attacks become more daring

By Shoshanna Solomon

National Cyber Directorate says advertising spots on radio, digital media highlight dangers and give guidance about how to protect businesses and assets

Emirati Ambassador Mohammad Mahmoud Al Khajah (R) and President Isaac Herzog at the official opening of the UAE embassy in Tel Aviv, July 14, 2021. (Miriam Alster/Flash90)

Herzog: Blessed process cannot stop; Lapid: Historic day

‘Just the beginning’: UAE opens Tel Aviv embassy as sides hail ties

By Tal Schneider

President Isaac Herzog attends opening of mission at Stock Exchange building following agreement last year to normalize diplomatic ties

Illustrative: Teachers clean a classroom at a daycare center in Modiin on May 7, 2020. (Yossi Zeliger/Flash90)

Liberman delays cut to daycare subsidies for children of yeshiva students

Finance, economy ministries say policy denounced by ultra-Orthodox won’t take effect until November 1, to allow more time for preparation

Revital Nadiv (left) and Viktoria Kanar, founders of textile innovation organization Re-Fresh Global, with designer Doron Ashkenazi jacket made from recycled fabric (Courtesy Re-Fresh Global)

Say clothing industry too closed-minded, needs tech upgrade

Something old, something new? Fashionistas urge industry to use recycled rejects

By Jessica Steinberg

The women behind Re-Fresh Global aim to find new ways to embrace tons of new and secondhand clothing

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