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In the News: Coronavirus, industry reinvention & venture capital

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The coronavirus crisis has created heightened awareness of healthcare challenges, which will cause more money to flow to what we have seen as traditionally underfunded areas – medtech, digital health, and research. Historically, venture investing right after major market downturns – such as after the Internet bubble burst in 2000-2002, and after the financial crisis of 2007-2009 — has proved lucrative because you’re buying at a discount. That’s a very good entry point for new venture investors. However this time, there is also a fundamental re-set and expansion of social and economic trends causing major disruption that will lead to further opportunities for those companies leading the change. Read my and others’ thoughts on “Recession, Reinvention and Opportunity” in this Israel21c piece.

As organizations increasingly move their business processes online, threats to data and privacy have exploded. Join us for a webinar Thursday, May 14 at 9:00AM PDT, 12:00PM EDT, 7:00PM IDT on Cybersecurity & Insecurity: The New World of COVID-19 where experts from some of the leading cybersecurity companies around the world will explore the challenges for organizations protecting themselves and their clients from attack.

newsletter cybersecurity webinar

Daily Dose

Here’s the latest from Daily Dose: one-minute insight videos based on the news, technologies, and stories I’m seeing and hearing each day. For the whole playlist, click here and catch up. 

                                     

Top Tech News

Protecting businesses, governments and individuals from data breaches and identity theft – with unique military-grade technology and hardware architecture, Hub Security raises $5M Series A for its cryptography platform. Congrats to this team, and our partners at Labs/02.

Following working with Maccabi Healthcare Services in March, Kryon works with the Clalit health fund to automate the process of uploading coronavirus test results to its central database. Instead of taking lab workers up to ten minutes to manually enter the data for of each test, Kryon’s robots process each record in less than one second.

Now, more than ever, big consumer companies need to know what their customers want and Signals Analytics is the solution….Israeli firm tells Nestlé and Roche what consumers want.

By combining breakthrough LED technology, artificial intelligence, and edge computing, Juganu is making smart cities a reality across the world…Juganu Wants to Light the Way Forward in the Digital Revolution.

NBA All Star turned ADvantage Sports Tech Fund venture partner Michael Redd now brings his all into startup investing. Read more.

An exciting new acquisition for Israeli tech: Intel is buying urban mobility platform Moovit in a $900M deal

Watch the latest from OurCrowd

Working from home exposes company data to hackers via weaknesses in home computers. Attacks are rising. ITsMine Data Breach Protection is free of charge during the pandemic and it’s quick and easy to install, CEO Kfir Kimhi shares in this interview. Check out our blog post for more on the topic, and click here to learn more about why OurCrowd is investing in this company.

itsmine tofl

Looking to connect

Despite the coronavirus crisis, 40 new jobs in Israel were added in the past month to the OurTalent job board. See a few recent opportunities below.

Search and filter through OurTalent to find your next challenge.


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Source: https://blog.ourcrowd.com/in-the-news-coronavirus-industry-reinvention-venture-capital/

AI

Robot barista helps South Korean cafe with social distancing

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(Reuters) — The new robot barista at the cafe in Daejeon, South Korea, is courteous and swift as it seamlessly makes its way toward customers.

“Here is your Rooibos almond tea latte, please enjoy. It’s even better if you stir it,” it says, as a customer reaches for her drink on a tray installed within the large, gleaming white capsule-shaped computer.

After managing to contain an outbreak of the new coronavirus that infected more than 11,000 people and killed 267, South Korea is slowly transitioning from intensive social distancing rules toward what the government calls “distancing in daily life.”

Robots could help people observe social distancing in public, said Lee Dong-bae, director of research at Vision Semicon, a smart factory solution provider that developed the barista robot together with a state-run science institute.

VB Transform 2020 Online – July 15-17. Join leading AI executives: Register for the free livestream.

“Our system needs no input from people, from order to delivery, and tables were sparsely arranged to ensure smooth movements of the robots, which fits well with the current ‘untact’ and distancing campaign,” he said.

Above: South Korean cafe hires robot barista to help with social distancing

The system, which uses a coffee-making robotic arm and a serving robot, can make 60 different types of coffee and serves the drinks to customers at their seats. It can also communicate and transmit data to other devices and contains self-driving technology to calculate the best routes around the cafe.

An order of six drinks, processed through a kiosk, took just seven minutes. The only human employee at the two-story cafe was a patissier who also has some cleaning duties and refills ingredients.

The manufacturer and the scientific institute aim to supply at least 30 cafes with robots this year.

“Robots are fun, and it was easy because you don’t have to pick up your order,” said student Lee Chae-mi, 23. “But I’m also a bit … worried about the job market, as many of my friends are doing part-time jobs at cafes and these robots would replace humans.”

(Reporting by Hyonhee Shin, editing by Raissa Kasolowsky.)

Source: http://feedproxy.google.com/~r/venturebeat/SZYF/~3/uQG2m_9sRH4/

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Blockchain

ETH Price Needs To Pass $210 To Avoid A Major Downtrend

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The price of Ethereum failed to continue above the $210 resistance and recently declined against the US dollar. Now, the ETH price must stay above $195 and $192 to avoid a major downtrend. Currently, the ETH price needs to pass $210 in order to avoid a major downtrend, as it is still struggling to position itself near $203.

The price might start a decent recovery wave as long as it is above the $192 support zone. There is also a major bearish trend line forming with resistance near $205 on the hourly chart of ETH/USD. News show that the pair could avoid a significant decline if it breaks above $210.

Fans reading the latest Ethereum news should know that after two rejections near the $210 resistance, there is a lot of pressure that is building up for the biggest altcoin. Simply put, the ETH price needs to break he $210 resistance in order to stabilize and show the market that it is deemed to succeed.

Screen Shot 2020 05 25 at 12.20.28 PM - ETH Price Needs To Pass $210 To Avoid A Major Downtrend

The hourly chart of ETH/USD via TradingView.com

Additionally, a price surge above this mark would carry away a lot of problems for the Ethereum price. On the upside, we can see a strong resistance forming near the $205 level and the 100 hourly simple moving average – and a bearish trend line forming with resistance near $205 on the hourly chart of ETH/USD now.

The trend line is close to the 50% Fib retracement level of the recent decline from the $210 high to the $198 low. If we see an upside break above the $205 resistance, the price could make another attempt to clear $210 as its major resistance zone in the crypto news now.

And in case that happens and the bulls succeed in securing the $210 resistance, the ETH price needs to stabilize in order to avoid a major downtrend and it might continue to move higher towards $220 and $230.

If Ethereum (ETH) fails to clear the $205 and $210 resistance levels, the price of the coin could resume its decline. A break below $200 would spell more troubles for the ETH price, potentially positioning it below the $198 low. In this case, the price could also dive towards the $192 which is the most negative scenario now.

Technical Indicators for ETH:

  • Hourly MACD – The MACD for ETH/USD is preparing to move back into the bullish zone.
  • Hourly RSI – The RSI for ETH/USD is currently correcting higher towards the 50 level.
  • Major Support Level – $198
  • Major Resistance Level – $205

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Source: https://www.dcforecasts.com/ethereum-news/eth-price-needs-to-pass-210-to-avoid-a-major-downtrend/

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Wesurance launches insurance APIs with JETCO

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Wesurance Group, a Hong Kong-based insurtech, has gone live with the first end-to-end APIs on a local data exchange, further extending its ability to help insurance companies reach new customers.

JETCO, which began life as an alliance of ATM networks for retail banks in Hong Kong, launched APIX last year to enable API connectivity among banks, merchants and fintechs.

So far the only insurance presence on APIX has been banks’ registering information about the insurance policies they sell, but Wesurance is the first API connection that enables transactions, says Natalie Fong, the insurtech’s COO.

Wesurance is in talks with a similar type of API exchange in Indonesia, which Fong declined to name. It already is active in Singapore and Indonesia, and will open in Thailand this year.

The insurtech launched in 2017 and has been building a small coterie of carriers and merchant sites that it can connect through its Software-as-a-Service offering, which it calls GoLion Transformation Ecosystem, or GTE (although the company is better known simply as GoLion).

Allied World Insurance, Starr Insurance Companies and digital insurer Blue are its carriers, with several more in the pipeline, Fong says.

“Insurers want access to new customers, and we create the moment for them,” Fong said. Her analogy is a popcorn maker, which might struggle to sell popcorn to shoppers in a supermarket. “But when you go to a movie theater, you buy popcorn.”

We create the moment

Natalie Fong, Wesurance

In this analogy, the popcorn is insurance, and the experience of watching a film is an e-commerce platform – and Wesurance is the movie theater that brings customers to the merchant, creating the right environment for someone to make a separate purchase.

Wesurance puts insurers in touch with new customers and also manages the process, so insurers do not have to interact with multiple e-commerce sites. Its GoLion app has a “one-stop insurance mall” combining merchants and insurers, but JETCO’s platform has the potential to access many more participants.

The products it helps sell are aimed at first-time users of insurance who are unlikely to otherwise buy such a product: mainly young people who are receptive to event-based products that are simple enough to sell online. This includes personal-accident cover for things like driver learning (before you have a license), skiing, or for domestic helpers.

What Wesurance does not intend to do is work with comparison sites such as MoneyHero or GoBear. “Our CEO, Eddie Chang, doesn’t believe in comparisons,” Fong said.

Source: https://www.digfingroup.com/wesurance-jetco/

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