Page 156 - Are You Future Ready?
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A few big ticket acquisitions have once again cemented
the country’s position as the world's Startup Nation. These
include: Waze, a traffic and navigation startup acquired by
Google for USD1.3 billion; and Mobileye, an autonomous-
driving mobile phone startup acquired by Intel for USD15.3
billion while its home-grown taxi app Gett was valued at
USD1.4 billion. The country has also achieved outstanding
results in network security and financial technology
(FinTech).
154 For example, The Floor, a FinTech matching platform
established in 2016, has been very impressive. The
company employs less than 10 people and specialises in
identifying innovative solutions for financial organisations.
In addition to cooperating with the world's six major
financial organisations, it also acts as an intermediary
to connect investors and startups. Its business has
developed rapidly, with a branch recently established in
Hong Kong.
Orcam, another tech company we visited, displayed
spectacles that speak Mandarin. A small chip that is
