CTech's Monday Roundup of Israeli Tech News

China’s Boyu Capital leads $125 million round for image retail analytics company Trax. Playtech shares tumble on revenue warning.

China’s Boyu Capital leads $125 million round for image retail analytics company Trax. Trax enables retailers to keep track of their stock using image recognition and computer vision analytic tools. The company plans to focus on expansion in China, where it already has “a strong market presence.” Read more

 

Playtech shares tumble on revenue warning. Unexpected market competition in Asia has led the gambling software company to lower revenue expectations for the region by 70 million euros. Read more

Slot machines (illustration). Photo: Bloomberg

 

Microsoft leases entire WeWork location in Tel Aviv. Startups and other small tenants are being told to move out. Read more

 

Serverless computing is a paradigm shift for cloud computing. The serverless revolution is akin to delivery companies moving away from owning large trucks to managing a fleet of leased vans, and from there, to outsourcing transportation to a third-party fleet of scooters. Read more

 

Acquisition of Israeli insurer Phoenix by China’s Sirius canceled. Sirius International Insurance has been negotiating the 51.1%, NIS 2.5 billion acquisition since September, but has failed to secure regulatory approval. Read more

 

News Briefs

 

5.3 million passengers to travel through Tel Aviv’s airport during summer. Read more

 

Cancer treatment company BioCanCell raises $22.9 million in private placement. Read more

 

Cybersecurity startup PlainID raises $11 million. Read more

 

SolarEdge completes assets acquisition of UPS company Gamatronic. Read more