Intel Ignite launched in Israel in 2019 and has completed two cohorts so far, with applications open for a third.

Mobileye will perform tests in urban and rural areas across Germany starting in Munich with cars at driving speeds of up to 130 kilometers (80 miles) per hour.

As the largest private employer in the country, Intel Israel said it added nearly 1,000 jobs in 2019 and now employs 13,750 people across the country.

Moovit is set to join the Mobileye business while retaining its brand and existing partnerships.

Some $100 million will be earmarked to retain Moovit employees for the next two years, according to TheMarker.

The intensive 12-week program will be conducted virtually until people can safely return to work amid the coronavirus pandemic.

The machine will help increase the number of tests processed for the diagnosis of COVID-19.

The company says it will use the funding to accelerate market adoption and fuel global expansion of its cloud offerings for mainframe clients.

Founded in 2016, Habana Labs develops processor platforms that are optimized for training deep neural networks and for inference deployment in production environments.

Once used only to find the best bus route to a destination, the Moovit app today offers options for getting around by bike, scooter, train, taxi and even foot.

Founded this year, the startup was also one of 9 companies participating in the Intel accelerator program in Tel Aviv.

The startups were selected out of 160 companies that applied to participate, followed by a round of 15 finalists, the company said.

The new initiative will be the first new banking venture in the country in 40 years.

Founded in 2017, DustPhotonics makes high-end, cost-effective, short-to-medium-reach optical transceivers and active optical cables for cloud, data center, and enterprise applications.

The accelerator program, called 'Ignite,' will host between 10-15 startups focused on AI, autonomous systems and other related fields, for five months.