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.

Subscribe today and save 40%

SUBSCRIBE
Already signed up? LOG IN

ICYMI

Palestinians search through the rubble of a building in which Khaled Mansour, a top Islamic Jihad militant was killed following an Israeli airstrike in Rafah, southern Gaza strip, on Sunday.

Gazans Are Tired of Pointless Wars and Destruction, and Hamas Listens to Them

Trump and Netanyahu at the White House in Washington, in 2020.

Three Years Later, Israelis Find Out What Trump Really Thought of Netanyahu

German soldier.

The Rival Jewish Spies Who Almost Changed the Course of WWII

Rio. Not all Jewish men wear black hats.

What Does a Jew Look Like? The Brits Don't Seem to Know

Galon. “I’m coming to accomplish a specific mission: to increase Meretz’s strength and ensure that the party will not tread water around the electoral threshold. If Meretz will be large enough, it will be the basis for a Jewish-Arab partnership.” Daniel Tchetchik

'I Have No Illusions About Ending the Occupation, but the Government Needs the Left'

Soldiers using warfare devices made by the Israeli defense electronics company Elbit Systems.

Russia-Ukraine War Catapults Israeli Arms Industry to Global Stage