CTech’s Tuesday Roundup of Israeli Tech News
Regulator hopes to pave the way for newcomers in Israel’s rigid financial services market. Israel expected to ban marketing of e-cigarette Juul
Regulator hopes to pave the way for newcomers in Israel’s rigid financial services market. On Monday, Israel’s central bank and Ministry of Finance announced they are working to establish open banking standards in the country. Read more
Israeli banking regulator Hedva Bar. Photo: Orel Cohen Israel expected to ban marketing of e-cigarette Juul. Currently selling its products in only two countries outside of the U.S., Juul started operating in Israel in May. Read more
Australia's OneVentures partners with Israel's Viola Credit on a $78 million credit fund. The new fund will target high-growth technology companies in Australia. The firms expect to reach first closing by November. Read more
Visa backs Israeli alternative financer Behalf. The investment is part of Visa's $100-million dollar Fintech venture investment fund for Israel and Europe, announced in June. Read more
China’s CMS Medical signs multi-million dollar deal with Israeli pharma company Can-Fite. New York-listed Can-Fite develops small molecule drugs used in the treatment of liver and inflammatory diseases and cancer. Read more
Japanese radio station Nippon Broadcasting invests $3 million in audio search engine AudioBurst. AudioBurst supplies content indexing services to radio stations, offering an automated parsing and tagging technology. It also offers a search engine for speech audio segments. Read more
Israel releases footage of Gaza sea barrier. Currently under construction, the 200-meter long 50-meter wide barrier is scheduled to be completed by the end of 2018. Read more
Defense contractor Elbit wins Israeli navy contract. Elbit will supply the Israeli navy with electronic warfare systems for its Sa’ar 6-class corvettes, assigned to guard Israel’s gas rigs. Read more
News Briefs
Autonomous vehicle startup Kodiak Robotics raises $40 million. Read more
Machine automation startup Mov.AI raises $3 million from Viola Ventures, NFX. Read more
Following record low, the shekel appreciates 1% against the U.S. dollar. Read more
