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”

Mellanox CEO Eyal Waldman

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

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