Shlomo Kramer Launches Network-security Startup

Qualcomm co-founder gives Technion $50 million; Cisco Israel head moving to San Jose HQ.

Elbit Systems (Courtesy)

Shlomo Kramer launches network-security startup

Shlomo Kramer, a Check Software technologies co-founder and one of the leading players in the Israeli high-tech scene, is hiring a team for a new startup company. The new company, Cato Networks, is still in stealth mode, but according to its website it will be developing network security for distributed, mobile and cloud-enabled enterprise. With Kramer listed as CEO and Gur Shatz, chief technology officer, Cato is looking to take on 10 developers in mobile, Java and Linux to work on the new company’s platform. The company is based on Tel Aviv’s Rothschild Boulevard. Yishay Yovel directs Cato Networks’ worldwide marketing and Aviram Katzenstein is vice president of operations. Kramer has invested in scores of startups over the years in cyber security, including Trusteer and Incaspula, and since the start of the year has played a role in $50-million worth of exits. (Inbal Orpaz)

Elbit unveils system for saving pilots’ lives

Elbit Systems on Monday unveiled technology that takes control of an aircraft if the pilot loses consciousness or can’t function. The company’s Canary device monitors the pilot’s physiological condition and in extreme cases, such as low-level of oxygen or loss of consciousness, will alert the pilot via his or her Helmet Mounted Display or onboard computer, enabling the pilot to react before losing conscious or to put the aircraft on auto pilot, according to Elbit. ”Pilots may be exposed to life-threatening medical conditions during flight due to low levels of oxygen (known as hypoxia). Modern aircraft may cause G-induced loss of consciousness and other physiological conditions (extreme fatigue, dehydration, etc.), which are a common cause for accidents,” explained Yoram Shmuely, Elbit Aerospace Division’s general manager. “We believe that our new system will solve these problems and save pilots’ lives.” The system was developed using sensors technology developed by the Israeli startup LifeBeam. (TheMarker Staff)

Qualcomm co-founder gives Technion $50 million

Andrew J. Viterbi, a co-founder of the U.S. semiconductor maker Qualcomm, has given $50 million to the Haifa Technion – Israel Institute of Technology’s Faculty of Electrical Engineering, which will be named after him. The gift will be used to upgrade teaching and research infrastructure by helping bring the ratio of undergraduate students to faculty in line with top American universities, the institution reported. “Technion electrical-engineering graduates are in large part responsible for creating and sustaining Israel’s high-tech industry, which has been essential for Israel’s economic success,” Viterbi said. Over the last 20 years, some 1,600 companies were founded and/or managed by Technion alumni, 35% by electrical-engineering graduates. It will be the second engineering faculty in the world named after Viterbi, after University of Southern California’s Viterbi School of Engineering after he gave USC $52 million a decade ago. (Lior Dattel and Inbal Orpaz)

Cisco Israel head moving to San Jose HQ

Boaz Moaz, who has headed up Cisco Israel for the past five years, is getting a promotion and moving to the San Joe headquarters of the U.S. maker of networking equipment in August. In a statement released this week, Cisco didn’t say who would be taking Moaz’s place or exactly what role he would be playing from now on, but sources said it was likely he would be heading strategic projects on a corporate level. Under Maoz, Cisco’s Israeli research and development staff grew four-fold to 2,000 today, a large number of them coming onboard when Cisco bought out the Israeli company NDS in 2012 for $5 billion. Maoz also led Cisco’s efforts in education, welfare, health and urban renewal, in particular working to bring more Israeli Arab and ultra-Orthodox Jews into high-tech. “Israel will continue to be a strategic location for Cisco,” said David Bevilacqua, vice president for the company’s southern Europe operations, which include Israel. (Inbal Orpaz)