StoreDot enters Mass Production of its Super-fast Batteries
The Chinese EVE Energy Co. will produce StoreDot’s Flash Batteries enabling a full charge in only 5 minutes. Next steps: joint venture and batteries for Electric Vehicles
Elbit Completes the Acquisition of IMI Systems
The $495 million defense merger brings Elbit into a direct competition with Rafael, in the market of Active Defense Systems for combat military vehicles
Eltek Brings New Managers to Regain Profitability
“The team is highly motivated and is working hard to increase customer satisfaction and bring Eltek back to profitability”
Xilinx prepares a $5.5 billion offer to Acquire Mellanox
CNBC reported that Xilinx had hired Barclays to arrange the tender offer. Mellanox’ shares on Nasdaq jumped to $92.7, giving the company market cap of $4.9 billion
Linse Capital and Oppenheimer Invested $63M in Valens
The latest funding will speed up development of Valens’ automotive portfolio of HDBaseT chipset for Autonomous Vehicles
Hyundai Invests in Deep Learning Startup allegro.ai
Founded in 2016, allegro.ai offers end-to-end DL lifecycle management solution focused on deep learning as it applies to computer vision
HARMAN Strengthens Presence in Israel
The new 46,000 square feet R&D Center in Hod Hasharon near Tel Aviv, is operating an Advanced Smart Car Lab. HARMAN plans to hire more researchers beyond its current 200 employees
Volkswagen and Mobileye to Deploy Autonomous EV Ride-Hailing Service in Israel, Starting 2019
Volkswagen will bring the electric vehicles and Mobileye will provide its level-4 AV driverless solution
Eyesight completed a $15 Million Growth Round
EyeSight’s proprietary software for in-cabin sensing is paired with tailored design automotive grade Infra-Red (IR) or Time of Flight (TOF) sensors
Deutsche Telekom Selected DSPG chip for Smart Speaker
The deal may bring $50 million sales to DSPG. Deutsche Telekom is targeting an emerging market dominated today mainly by Apple, Google and Amazon
Former NSA Director Joins Team8 as a Senior Advisor
Admiral Mike Rogers will consult Team8, the company creation platform that was founded by former leaders of Israel’s military intelligence Unit 8200 including former Commander, Brig. Gen Nadav Zafrir
Cognata Raised $18.5M for Autonomous Vehicles Simulation
Its VR simulator enableS autonomous car manufacturers to run thousands of different scenarios based on various geographic locations and driver behaviors
Electronic Components
IC-SHINE GLOBAL Represent Insignis in Israel
Insignis Technology provides Industrial grade SDR, DDR, DDR2, DDR3/3L and LPDDR DRAMs, eMMCs and SSDs solutions →
Semiconductors
