Israel

VC arm of Israeli startup foundry Team8 raises $104M

Team8 company announced the launching of venture capital arm. The new fund, called Team8 Capital, will focus on investing in startups working in the fields of data, artificial intelligence, and cybersecurity.  Team8 Capital will support companies at the seed, series

Wireless electric roads company ElectReon attracts $50M

Israeli startup ElectReon, the developer of electric road systems that wirelessly charge electric vehicles while driving, has raised $50 million. Migdal, Psagot, Mor, Excellence, leading hedge funds Alpha, Safra, and Sphera and Afcon Holdings are among the investors, writes NoCamels.

Microsoft is acquiring Israeli startup CyberX

US tech giant Microsoft announced the acquisition of IoT security company CyberX. The financial details of the deal are not being disclosed but according to the Globes’ sources information, Microsoft has paid $165 million. CyberX with a headquarter in Boston