TechNation: Intel Is Largest High-tech Employer of Israeli Arabs, Company Report Says

Egged and Dan testing natural-gas buses; Sales platform startup Colabo raises $7 million in round led by Marker LLC.

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Intel is largest high-tech employer of Israeli Arabs, company report says

Intel, the global tech company with major manufacturing facilities in Israel, is the largest employer of Israeli Arabs in the high-tech sector, the company said in a report on corporate responsibility. Intel did not provide figures, but sources at the company said over 500 Israeli Arabs work there. The firm also says that it is also a major employer of ultra-Orthodox Jews in Israel, that 21% of its staff here are women, that about 30% of its senior Israeli staff in Israel are women and that 40% of its senior staff at its major plant in Kiryat Gat are female. Intel has about 10,000 employees in Israel in a number of locations, including development centers in Haifa and Petah Tikva. (Amir Teig)

Egged and Dan testing natural-gas buses 

Egged, Israel’s biggest bus company and Dan, the main bus operator in greater Tel Aviv, are testing a bus fueled by compressed natural gas. The vehicle, manufactured by the German firm MAN, will initially be used for charters rather than public transportation routes. Egged is carrying out its test in the Haifa area over a three-week period, looking at how the bus functions in heavy traffic, up hills and in hot weather, to be followed by a similar trial by Dan. The fuel will be supplied by Supergas at Alon Tavor in the north. Egged official Nir Landau noted that natural gas emits fewer pollutants and is more economical than other fuels. (Daniel Schmil)

Sales platform startup Colabo raises $7 million in round led by Marker LLC

Colabo, an Israeli startup founded in 2011 that has developed a system to connect sales staff with potential customers, has announced that it has wrapped up a $7 million Series A funding round led by Marker LLC and joined by Kaeden Capital. Earlier funding came from the company’s founders and private investors who participated in this round as well. Founded by CEO Yoav Dembak, Asaf Wexler and Naama Halperin, Colabo’s corporate headquarters are in San Carlos, California while its research and development center is in Herzliya. Fifteen of the company’s 20 employees work in Israel. The new funding will enable Colabo to expand its Israeli development team as well as its sales staff in California. Plans call for 40 new employees, including 15 in Israel. The company has about 500 customers. (Inbal Orpaz)

OurCrowd crowdfunding firm announces global early-stage fund, OurCrowd First

OurCrowd, the Jerusalem-based crowdfunding firm, yesterday announced the launch of a $10-million early stage fund that will focus on seed-stage startups. The aim is for OurCrowd First, as the new fund is called, to invest in at least 20 companies. The platform seeks investors who are willing to put a minimum of $50,000 into the fun. OurCrowd founder and CEO Jon Medved said the fund would provide up to half a million dollars to startups. The initial investment by the fund, which is managed by Eduardo Shoval and Yori Nelkin, will be in six companies already in OurCrowd’s portfolio: Zebra Medical, Invertex, Turbulent, Stringify, Rimoto and TechSee. (TheMarker)

Team8 invests $5 million in Illusive Networks

Team8, a venture capital firm that invests in cybersecurity, has placed $5 million in Illusive Networks, which develops technology to provide early detection of targeted cyberattacks. Illusive Networks intends to use the funds to expand its Israeli research and development operations and its U.S. sales efforts. It plans to hire 50 new employers over the coming year, 30 of them in Israel. Team8 was founded by Nadav Zafrir, the former head of the Israel Defense Force’s 8200 technology and intelligence unit. Illusive Network, where Zafrir also serves as chairman of the board, currently has a staff of 25, all but two of whom are in Israel. Although Illusive Networks has been working out of the public eye up to now, it was dubbed one of this year’s Cool Vendors by the Gartner information technology research firm. (Inbal Orpaz)