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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. Investors in the round were motivated by Karamba’s strong customer base and leadership in IoT and automotive security.

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Wireless EV charging roads piloted in the U.S., Europe

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More charging stations are being built, though many companies are also studying electrified roads — which could allow EVs to charge wirelessly as they drive. Israel-based company Electreon is one such company piloting wireless roads, as detailed in a report from CNBC on Monday.

Europe 93
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Toyota Research Institute launches Toyota AI Ventures with $100M investment

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Toyota Research Institute (TRI) is investing an initial $100 million to launch Toyota AI Ventures , a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI participated in Nauto’s $12M Series A financing in August 2016.

Toyota 170
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Better Place consortium launches electric taxi project with battery switch station at Schiphol airport

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The company also announced the appointment of Paul Harms as CEO of Better Place Netherlands. Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. million miles).

Taxi 294
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Better Place secures €40M European Investment Bank loan

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The remaining proceeds will be used for similar purposes in Israel. The commitment from the European Investment Bank marks the fourth major commitment by a European Institution to Better Place as the company grows its European operations. In Denmark, the Better Place network of Battery Switch Stations now connects Copenhagen to Aarhus.

Denmark 257
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Intel to acquire Mobileye for $15.3 billion; targeting autonomous driving

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This transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device. The offer is not subject to any financing conditions. Amnon Shashua, Mobileye’s Co- Founder, Chairman and CTO.

Connect 150
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

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—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. The company reports fuel consumption of 6.6 The company is headquartered in Changshu, with large offices in Shanghai. L/100km (35.6

Detroit 261