CTech’s Thursday Roundup of Israeli Tech News
Bolstered by Indian deals, Israeli arms export up 40% in 2017. Building on strong first quarter, Teva raises 2018 outlook
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Bolstered by Indian deals, Israeli arms export up 40% in 2017. Israel is among the top ten countries exporting arms, holding a major advantage as it can often market its exports as "battle-tested" due to its continuing conflict with the Palestinians. Europe accounted for 21% of Israel's export in 2017, and North America for 14%, while Israel's major clients, 58%, are in Asia and the Pacific. Read more
Teva CEO Kåre Schultz. Photo: Yuval Chen
Building on strong first quarter, Teva raises 2018 outlook. On Thursday, Teva Pharmaceutical Industries published its first quarter results for 2018. The company reported a 10% decrease in revenues compared to 2017, largely due to North American Copaxone troubles, but beat analyst expectations and raised its full-year guidance for its earnings per share and free cash flow. Read more
Teva CEO Kåre Schultz. Photo: Yuval Chen Analysis: new owners want NDS to help Pay-TV go from defense to offense. Permira, which agreed to buy Cisco’s video unit for $1 billion earlier this week, hopes to offer clients technologies that would help it grow in the face of competition from streaming services such as Netflix and Amazon Prime. Read more
Diabetes monitoring company Dario considering dual Tel Aviv registration. The Nasdaq-listed company is considering a dual registration on Tel Aviv Stock Exchange, looking to raise $5.5 million to $7 million. Dario develops a diabetes management and monitoring device that automatically syncs up with a dedicated app, enabling users to test and track their blood-glucose levels in real time using their smartphones. Read more
Growth capital firm Oxx closes debut fund at $100 million cap. Oxx is focused on scale-up stage companies developing business-to-business (B2B) software, operating in the U.K., the Nordics, and Israel and looking to expand internationally. Read more
American billionaire Larry Silverstein raises $175 million in bonds on the Tel Aviv Stock Exchange. Mr. Silverstein is chairman of the New York-based real estate company that owns the World Trade Center. Read more
Only 4% of employed Haredi women in Israel work in tech. Technology is Israel’s star industry, but Haredi women—and men—find it hard to nab lucrative jobs. Read more
Israeli race car maker Griiip to integrate live video broadcast in vehicles. Griiip will install broadcasting systems by Israel-based company LiveU on its race cars, streaming the video to a dedicated site that allows users to follow individual drivers. Read more
Robert De Niro’s boutique hotel and restaurant chain to open Tel Aviv location. Situated on Rothschild Boulevard, a luxurious and picturesque street at the heart of the city, Nobu Hotel Tel Aviv will offer 38 rooms, a pool and fitness center, outdoor spaces, and a private rooftop for events. Read more
