Israel’s multimillion dollar contract with one of its major Asian clients is for the development of “advanced, national level, strategic cyber solution,” to deal with current and future global cyber challenges.
By Israel Hayom Staff
Israel Aerospace Industries has announced that it has signed a $15 million contract with one of its major Asian clients for the development of by cyber security solutions.
Inserting code, cyber security – Photo: IsraelandStuff/PP
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A statement posted on IAI’s website said the contract is “for an advanced, national level, strategic cyber solution, which combines cellular systems and cyber and includes establishing an intelligence center and infrastructure and providing unique sensors.”
Formerly Google chief executive Eric Schmidt says, “For a relatively small country, Israel has a super role in technological innovation.”
A top Google official on Tuesday hailed Israel’s tech sector, saying it trailed only Silicon Valley in the United States when it comes to “initiatives.”
Eric Schmidt, formerly Google chief executive and now executive chairman of its parent company Alphabet, said Israel, a country of only around eight million people, was punching far above its weight in technology.
“For a relatively small country, Israel has a super role in technological innovation,” he told an audience at Google’s offices in the commercial capital Tel Aviv. Continue Reading »
High school team from Binyamina, Israel takes 2nd place at the annual FIRST competition of 4,000 teams from 24 countries competing to assemble robots that complete set challenges.
By Ilan Gattegno
An Israeli high school team from Binyamina, near Haifa, came in second at the prestigious FIRST Robotics Competition in St. Louis, Missouri, held April 27-30.
The Binyamina team at the FIRST Robotics Competition
The final match was a showdown between the Orbit team of students from Binyamina’s Rothschild-Hashomron High School, and an American team. Although it ended in a 2:2 draw, the defending American champion came on top due to a technicality. Continue Reading »
Israel counter-terrorism program that may have helped thwart the deadly November 2015 attacks that left 130 dead in Paris & also the March bombings in Brussels that killed over 30 people was liked by “French authorities…but the official came back & said there was a higher-level instruction not to buy Israeli technology.”
By JPOST.COM STAFF
Terrorist-tracking technology offered by an Israeli company to French security officials could have helped detect the Islamic State terror cells that carried out attacks in Paris last year and more recently in Brussels, Fox News on Monday cited an anonymous Israeli security expert as saying. Continue Reading »
The Israel Export & Int’l Cooperation Institute’s pavilion will feature 140 of the 150 Israeli companies, and overall, one of every 13 booths will be represented by an Israeli telecom concern.
By Ilan Gattegno
Some 150 Israeli companies will be featured in the GSMA Mobile World Congress in Barcelona next week, one of the world’s top telecom exhibitions. The Israeli companies make up the conference’s fourth-largest delegation, after the U.S., Britain and France.
One of every 13 booths in the Mobile World Congress will be hosted by an Israeli company [Illustrative] – Photo: Reuters
Scheduled to be held Feb. Continue Reading »
Joining the global task force gives Israel added credibility, acknowledging it’s a more secure place for investments, and will increase binational cooperation that Israel can expect from other countries.
By YONAH JEREMY BOB
The Justice Ministry on Monday announced that Israel has been selected to join an elite global task force for combating terror financing and money-laundering, with the force’s top officials currently visiting Israel.
Money – Photo: INGIMAGE/ASAP
Joining the group makes Israel viewed as an even more attractive and safe place for investments and increases the cooperation and legal assistance that Israel can expect from other countries, said the ministry. Continue Reading »
Calcalist reports software giant closes its largest Israeli acquisition that will serve as basis of Microsoft’s upcoming cyber center in Israel.
By Meir Auerbach
Software giant Microsoft has bought Israeli cloud security company Adallom for $320 million, making it the largest acquisition made by the company in the country, according to Ynet’s sister publication Calcalist.
Until now, Adallom has raised 50 million dollars from venture capital firms Sequoia Capital and Index Ventures, Zohar Zisapel, EMC Corporation and HP. According to estimates, Adallom is expected to serve as a basis for the establishment of Microsoft’s cyber center in Israel.
This is the second cyber company Microsoft has bought in the last year: at the end of 2014 it acquired the cyber security firm Aorato for 200 million dollars and has since bought N-trig for several tens of millions of dollars and Equivio for 50 million dollars. Continue Reading »
Apple’s Israeli research center already 2nd largest outside of its California campus, but newly added expansion into planned development center sees Apple adding 100s of additional Israeli workers.
By Ari Yashar
Apple, the iconic global technology giant, is further building its presence in Israel by expanding the size of the offices in its new Herzliya headquarters.
Apple (file) – Reuters
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According to a report in the Hebrew language The Marker on Wednesday, Apple has decided to increase the size of its second Herzliya research building to be built later this year by no less than 4,000 meters.
The extra office space is estimated to allow for the employment of 150 to 250 new Israeli employees.
Meerkat, originally a side project by Israeli high-tech ‘Life on Air’, is becoming a massive success on Twitter since its release.
By Sagi Cohen
Meet Meerkat, the new Israeli app that has achieved almost overnight success, has taken Twitter by storm, and has earned widespread coverage in the media and on websites around the globe.
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Meerkat allows Twitter users to stream video of themselves or their surroundings to their followers with just the touch of a button. How does it work? You download the app to your iPhone and begin filming a video clip. At the same time, your Twitter account will automatically post a Tweet with a special link.
Annapurna Labs, based in Yokneam, has been operating in secrecy ever since it was launched in 2011, with managers refusing to divulge company’s operations or the products it develops.
By Meir Orbach & Assaf Gilad
After the announcement that cloud storage giant Dropbox acquired Israel-based startup CloudOn, another Israeli company may be bought out by a big name oversees. According to Calcalist, Amazon is in negotiations with the Israeli chip-maker Annapurna Labs, based in Yokneam – the lower Galilee locale that has come to be known as “startup village” because more than 100 tech-companies, which export billions of US dollars annually, call it home. Continue Reading »
As foreign companies are acquiring the ‘Start-up Nation’s high-profile companies that were providing hundreds of jobs locally, Israel’s market is being brain-drained as they move abroad.
Israeli entrepreneur Avi Brenmiller says he was coaxed by investors into selling Solel, his solar-thermal power firm, to Germany’s Siemens for $418 million in 2009. Today, little is left of it after Siemens pulled out of the business.
ScanDisk in USB port – IsraelandStuff/PP
From a thriving company that employed over 500 people, Solel has been reduced to a factory with 50 workers. Brenmiller’s experience is one of a growing number of cases illustrating the double-edged nature of Israel’s high-tech boom. Continue Reading »
An Israeli expert on technology transfer to foreigners warns of long term harm by Israeli startups that sells new technologies for a quick buck.
By Monika Rozalska
There are more than 3,000 high-tech companies and startups in Israel, making it the largest startup hub in the world in proportion to its population. Israel also has the highest venture dollar/GDP ratio in the world, seven times higher than in the US.
David Artzi, former head of Israel Aerospace Industries – Photo: i24news
Nevertheless, there are only a few good examples of Israeli companies which succeed in ensuring that their brand (or at least their core R&D) stays in Israel. Continue Reading »