CTech's Wednesday Roundup of Israeli Tech News

As the market matures, Israeli tech exits continue to diminish, report says. Mylan cuts price of generic Copaxone offering by 60%.

As the market matures, Israeli tech exits continue to diminish, report says. The downward trend in the number of exits in Israel since 2015 continues, with 58 deals recorded between January and June 2018, compared to 63 deals in the first half of 2017. Read more

 

Mylan cuts price of generic Copaxone offering by 60%. Mylan has achieved a 15%-20% market share in the U.S. since launching its generic version in late 2017 with a monthly price tag of $5,000, compared to Teva's $5,800. Now it is cutting that price to $1,900. Read more

 

Pharmaceuticals lab (illustration). Photo: Bloomberg

 

A hacker hijacked Hola’s VPN Chrome extension, targeting cryptocoin owners. The phishing version uploaded to the Chrome Web Store targeted users of popular crypto wallet service MyEtherWallet. Read more

 

Telit facing lawsuit from liquidators of former business partner. The maker of wireless chips says it cannot yet determine the possible impact on the company’s financials. Read more

 

Waze partners with mapping company Esri to help city planners shape traffic. In its geographic information system, Esri will offer a live feed of mapped traffic data and alerts based on information crowdsourced from Waze users. Read more

 

El Al launches in-flight WiFi service on Israel-Europe routes. The service, provided by California-based satellite broadband company ViaSat, will offer passengers three service packages. Read more

 

Israel set to take first national selfie on moon. Israeli non-profit organization SpaceIL intends to land its first unmanned spacecraft on the moon in February. Read more

 

 

A day of funding rounds

 

With its announcement of an $83-million investment, Next Insurance led a day full of funding rounds. Next aims to the be digital insurance carrier of small businesses and is expanding across the U.S. Read more

 

Team management SaaS startup Monday.com raises $50 million. Read more 

 

Industrial cybersecurity company Radiflow raises $18 million. Read more 

 

Startup raises $8.4 Million to debug automotive code. Read more

 

No-checkout shopping startup Trigo Vision raises $7 million. Read more