TechNation |

Bennett’s Brother’s Startup Joins Prestigious London Accelerator Program

BillGuard closing up shop in Israel | IAI puts out warning system for combat pilots.

Send in e-mailSend in e-mail
Israeli Education Minister Naftali Bennett, Sept. 9, 2016.
Education Minister Naftali Bennett, September 9, 2016.Credit: Emil Salman

Bennett’s brother’s startup joins prestigious London accelerator program

A startup run by Asher Bennett, the brother of Education Minister Naftali Bennett, joined the ELITE accelerator program this week.

Tevva Motors is developing electric delivery trucks. Jerusalem-based startup Innitel, which is developing advanced software for customer service and organizational communication, was also accepted into the accelerator program.

This brings to five the number of Israeli companies in the exclusive accelerator program run by the London stock exchange. Bennett the politician also started his career in high-tech. (Uri Tomer)

BillGuard closing up shop in Israel

Start-up BillGuard is closing up shop. The company had been bought out last year for $30 million by American company Prosper, which connects between private individuals and private investors, banks and hedge funds that are willing to give them loans.

BillGuard, which developed a system for flagging unusual behavior in bank and credit card accounts, had planned to expand from 25 employees to 100 workers, and to launch a development center in Israel.

Since then, the market for investments – even from small lenders – began to contract, and Prosper decided to close its Israeli office and shift operations to company headquarters in San Francisco, BillGuard explained. Founder Rafael Ozen said that at this point, the company’s main goal is to make sure that the 32 employees find new jobs. (Ruti Levy)

IAI puts out warning system for combat pilots

IAF transport planes during an Independence Day fly-over, April 26, 2012.Credit: Avi Scharf

Israel Aerospace Industries is releasing a system designed to warn combat pilots when they’ve become dangerously close to commercial and civilian aircraft, IAI stated this week.

“Increasing congestion in civil air space poses a growing challenge to flight safety in general and, specifically for military operations in near proximity to, or within civilian airspace,” it explained. The Collision Warning System offers extended functions beyond its EHUD maneuvering system. The system alerts only the military pilot, not the civilian aircraft, it added. (TheMarker)

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.
From $1 for the first month

SUBSCRIBE
Already signed up? LOG IN

ICYMI

Charles Lindbergh addressing an America First Committee rally on October 3, 1941.

Ken Burns’ Brilliant ‘The U.S. and the Holocaust’ Has Only One Problem

The projected rise in sea level on a beach in Haifa over the next 30 years.

Facing Rapid Rise in Sea Levels, Israel Could Lose Large Parts of Its Coastline by 2050

Tal Dilian.

As Israel Reins in Its Cyberarms Industry, an Ex-intel Officer Is Building a New Empire

Queen Elizabeth II, King Charles III and a British synagogue.

How the Queen’s Death Changes British Jewry’s Most Distinctive Prayer

Newly appointed Israeli ambassador to Chile, Gil Artzyeli, poses for a group picture alongside Rabbi Yonatan Szewkis, Chilean deputy Helia Molina and Gerardo Gorodischer, during a religious ceremony in a synagogue in Vina del Mar, Chile last week.

Chile Community Leaders 'Horrified' by Treatment of Israeli Envoy

Queen Elizabeth attends a ceremony at Windsor Castle, in June 2021.

Over 120 Countries, but Never Israel: Queen Elizabeth II's Unofficial Boycott