Israel Active

Cisco has acquired Israel’s Portshift for $100 million, to “move towards delivery of security for all phases of the application development lifecycle. The Portshift team is building capabilities that span a large portion of the lifecycle of the cloud-native application.” Cisco wrote.

Intel Corp is partnering Israel-based Lightbits Labs. Lightbits’ product LightOS system will be optimized for Intel hardware and provide customers with improved storage efficiency for their data centers without compromising performance.

Israeli cyber security startup Salt Security protects a company from cyber-attack through its many interfaces with external systems. Salt Security has sealed strategic partnerships deals with French multinational retail corporation Carrefour and Nasdaq-traded data centers giant Equinix.

Chinese automaker Geely will be installing SuperVision ADAS from Israel-based Mobileye in Lynk & Co’s Zero Concept electric vehicle. Mobileye will also shortly begin testing autonomous vehicles in Dubai and aims to roll out full Mobility-as-a-Service by 2023.

Israeli VC company Greenfield Partners has closed a $150m fund to continue its strategy of supporting early growth stage Israeli and Israel-related technology and tech-enabled businesses.

Israel’s Tactile Mobility has signed a deal to provide BMW with its road-sensing software that allows smart cars to “feel the road” and adjust like a human driver. Volkswagen subsidiary Porsche has already invested in the Israeli startup (reported previously).

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Singapore's Temasek is to acquire Israeli-based micro-irrigation company Rivulis for a reported $365 million. Temasek intends to retain Rivulis' current management, as well as its headquarters in Kibbutz Gvat. Rivulis’ 2019 sales were some $400 million. 400 of its 1800 staff are in Israel.

Israel’s Jifiti (reported previously) has signed a strategic partnership agreement with Mastercard. Jifiti has grown from being purely an in-store gifting platform into enabling point of sale financing. Its technology allows banks and retailers (e.g. Apple & IKEA) to offer immediate credit by using Mastercard.

The Tel Aviv municipality held Israel’s largest-ever bootcamp (reported previously). Speakers included MK Nir Barkat, OurCrowd’s Jon Medved, and IAI CEO Aharon Aharon.  Volunteers managed 100 projects, 20 speakers, and 60 mentors over Zoom calls and WhatsApp groups.