CTech’s Thursday Roundup of Israeli Tech News
Israeli defense contractor IAI reveals “suicide” drone. LR Group sets up biotech startup hub at Jerusalem medical center
Hadassah Medical Center. Photo: Miki Noam Alon LR Group sets up biotech startup hub at Jerusalem medical center. The Israel-based construction and engineering company is investing $14 million to establish a network of biotech hubs, called Biohouse, in several healthcare centers. Israel is the pilot, but the company is also in talks with Boston and New York Hospitals. Read more
Engineering outfit Pangea Group acquires biometrics company NIP Global. The deal is valued at about $30 million. Read more
SoftBank subsidiary Arm to establish labs in Israel in partnership with Telco. The two will collaborate on new networking infrastructure products based on Arm architecture. As part of the partnership, Arm will set up labs at Telco's Israeli offices and also make a strategic investment of $3 million to $4 million. Read more
FIFA to launch disciplinary action against Palestinian soccer chief, Israeli official says. The head of the Palestinian Football Association, Jibril Rajoub, led a campaign against a friendly game between Israel and Argentina, which was subsequently canceled. Read more
Ride Vision raises $2.5 million to develop safety alert system for motorcycles. The Israel-based startup is tackling a segment of road users that has been neglected in the push for assisted driving technology. Read more
News Briefs
Germany approves billion euro lease of Israeli drones. Read more
University of Haifa to expand by 100,000 square meters by 2030. Read more
Mobile security company Zimperium acquires Mi3 Security. Read more
Report: U.K.-backed tech hub produced $114 million worth of deals between British and Israeli companies. Read more
