News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
From Drones to CybersSecurity, Israel’s high-tech mecca is a hotbed of technology start-ups that’s drawing billions in investment from foreign companies and venture capital firms.
A white drone with a 12-foot wingspan banks sharply over an artificial lake on the outskirts of Tel Aviv. The unmanned aerial vehicle, or UAV, is so quiet that herons on the water’s edge don’t budget until the hawklike aircraft is barely a hundred feet away. As the drone swoops in, its cameras beam high-resolution images of the terrain and the birds onto a large outdoor screen for a rapt audience of military analysts and arms buyers while a presenter extols the aircraft’s virtues. “It allows a military unit to peer down on enemies hidden behind hills or buildings and then call in artillery or air strikes,” he says.