TechNation: Intel Capital Puts $25 Million Into Three Israeli-U.S. Startups

Bezeq launches smart city trial in Modi’in | Only 2% of Israeli Haredim work in high-tech — mostly women | CyberX raises $9 million for industrial cyber -security

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An Intel center in Jerusalem.
An Intel center in Jerusalem. Credit: Courtesy

Intel Capital puts $25 million into three Israeli-U.S. startups

Intel Capital, the investment arm of the United States semiconductor giant, said Wednesday that it had invested $25 million in three Israeli-American startup companies, spanning cloud computing, machine learning and network infrastructure. Intel led investors who put a combined $17.5 million into cloud-competing startup Velostrata, together with existing investors Norwest Venture Partners and 83 North. Velostrata is headquartered in San Mateo, California, with research and development in Israel. Intel also announced it had invested in Sedona Systems, a network-infrastructure company based in Cupertino, California, and Israel, as part of a $13.6 million round joined by Bessemer Venture Partners. The U.S. company also invested in, a Tel Aviv- and San Francisco-based startup in the cloud segment, as part of $7 million investment with existing investor Blumberg Capital. Since 1997, Intel Capital said it had invested more than $345 million in more than 80 Israeli companies. (TheMarker Staff)

Bezeq launches smart city trial in Modi’in

Bezeq, Israel’s largest telecoms group, said on Tuesday that it had begun a pilot program in Modi’in, a city midway between Tel Aviv and Jerusalem, to help develop cities where internet technology controls street lights and trash collection and monitors parking and air pollution. Hundreds of sensors have been deployed in Modi’in – mainly in a large park – along with cameras and free internet to give city officials the ability to monitor parking, noise, safety and the quality and amount of water in a man-made lake. “We are looking at being more than a simple telco company,” said CEO Stella Handler, adding that Bezeq does not expect to see an immediate return on its investment. “I see revenues coming 10 years from now,” she said. Bezeq and Modi’in are now evaluating the city’s needs, since each smart city would be different. More sensors will be deployed there and eventually in other cities in Israel. (Reuters)

Only 2% of Israeli Haredim work in high-tech — mostly women

Only about 2% of Israeli Haredim work in high-tech, according to figures released Wednesday by the Haredi Institute for Policy Research. That amounts to just 4,500 people, of whom a mere 700 are men. Among the 3,700 women, who often get a superior general education to their male counterparts and often complete an engineering technician program, most work at low-level jobs, with only 1,096 employed as software developers and in other sophisticated positions. Ultra-orthodox Jews in Israel are still mainly employed in traditional fields, like education (36%) health (13%) and commerce (10%), the institute said. A surprisingly large percentage (2%) of working Haredim are employed in media, though mostly in traditional print media or publishing of religious books. Relatively few work in radio, much less the internet, the institute said. (Tali Herut-Sover)

CyberX raises $9 million for industrial cyber -security

CyberX, a Boston-based startup founded by two Israelis which develops technology for industrial Internet of Things, said Monday it had secured $9 million in funding. The round was led by Flint Capital and includes existing investors Glilot Capital Partners, Swarth Group, GlenRock, newly joined ff Venture Capital and angel investors. Founded at the end of 2013 by Omer Schneider and Nir Giller, both veterans of the Israel Defense Forces cyber security unit, CyberX provides industrial companies with real-time detection of operational incidents, cyber threats and system tampering. Such companies are facing growing threats to their infrastructure and have few products to help them cope.  “A big American bank has scores of solutions for securing information,” explained Giller. “In the industrial environment, where the damage can be very serious, in most cases there’s just a single solution.” (Eliraz Rubin)

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