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Tech Israel

Daily Updates from Silicon Wadi for Thursday, January 27, 2022

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Arab students take part in a Makeathon in 2020 at Tel Aviv University organized by Tsofen. A Makeathon is when teams work to build new products (Courtesy)

Israel launches $70m program to promote tech entrepreneurship in Arab community

By Ricky Ben-David

Initiative aims to integrate members of Arab communities into booming tech industry, where they are severely underrepresented

An illustrative image of a data center; server farm and a cloud service concept (noLimit46; iStock by Getty Images)

Data architecture startup Firebolt becomes newest unicorn with $100m investment

By Ricky Ben-David

Series C funding led by New York investment firm Alkeon Capital values company, founded in 2019, at $1.4 billion

A visual representation of cryptocurrencies Bitcoin, Ripple XRP, Dogecoin, and Ethereum. (Salarko via iStock by Getty Images)

From the web

Israeli cryptocurrency security company Fireblocks raises $550m at $8b valuation

The investment is one of the largest financing rounds in the cryptocurrency sector in the last few years, Reuters reports

EU to fund construction of Israel, Cyprus, Greece electricity cable link

By AP

Cypriot minister says ‘Eurasia Interconnector,’ which three countries signed off on last year, could push Mediterranean island’s use of renewable energy sources above 50% by 2030

Prime Minister Naftali Bennett speaks ahead of the eighth Greece-Cyprus-Israel summit alongside Greek Prime Minister Kyriakos Mitsotakis (left) and Cypriot President Nicos Anastasiades, December 7, 2021. (Amos Ben Gershom/GPO)

Op-ed

Israel’s deepening slide into corruption

A corrupt society is an unhappy society, and an unhappy society lacks resilience. Israel must heed the alarm sounded by its slipping rank on a global corruption index

Illustrative image: iStock

Illustrative: An iPhone loaded with TikTok and other social media application icons. (Wachiwit/iStock)

TikTok to direct users to reliable information about Holocaust

In new feature, a banner will pop up when users search for Holocaust-related terms and lead them to website run by World Jewish Congress and UNESCO

Illustrative: the Instagram app icon on the screen of a mobile device in New York, August 23, 2019. (AP Photo/Jenny Kane)

WZO launches Instagram accounts for Holocaust survivors to tell their stories

People gather in front of the Westin Hotel in Leipzig, Germany, on October 5, 2021, to show solidarity with the musician Gil Ofarim. (Dirk Knofe/dpa via AP)

Holocaust Remembrance Day2021 saw positive legal, cultural trends in fight against antisemitism — TAU report

By Lazar Berman

Shaare Zedek medical staff wear safety gear as they work in the coronavirus ward of the hospital in Jerusalem, on January 20, 2022. (Olivier Fitoussi/Flash90)

More COVID cases confirmed in Israel in January than all of 2021, data shows

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