Dropbox eyes security, machine learning technologies in Israel

TEL AVIV (Reuters) - U.S. file-sharing and storage company Dropbox plans to expand its development center in Tel Aviv by hiring more staff and looking out for acquisition opportunities in security and machine-learning. Israel's education system and military service have created a pool of talented people working in cybersecurity and "that is something we deeply need to take advantage of", Quentin Clark, who leads engineering, product and design at Dropbox, told reporters on Tuesday during a visit to Israel. Dropbox, which went public on Nasdaq in March in the biggest tech IPO in over a year, established a presence in Israel in 2015 when it bought mobile productivity startup CloudOn. Clark said it was now looking for potential acquisitions in the fields of security and machine learning. He said he would be visiting universities in Israel this week to look at machine-learning technologies.