CTech’s Thursday Roundup of Israeli Tech News
Ride-hailing company Gett generates around $1 billion in revenues a year; Israeli industrialists, government in disagreement over impact of global trade war
17:5716.08.18
Ride-hailing company Gett generates around $1 billion in revenues a year. In its financial report, Vostok, which holds a 5.5% stake in Gett, attributed most of the taxi-hailing app developer’s revenues to its London and New York activity. Read more
A rendering of IceCure's technology. Photo: PR
Israeli industrialists, government in disagreement over impact of global trade war. The brewing U.S.-centred trade war has the potential to threaten a third of Israeli exports, according to a new report compiled by the Manufacturers Association of Israel. Read more
Anti-tumor freeze blasting technology to be used in Israeli hospital. Tel Aviv-listed IceCure Medical develops a medical device that provides a minimally invasive alternative to surgery. Read more
A rendering of IceCure's technology. Photo: PR Ant Financial looking to invest in Israeli startups, exec says. Riddhiman Das, an international technology investment manager at Ant Financial currently on a two-month visit to Israel, says the company is interested in investing in blockchain, artificial intelligence, cybersecurity, IoT, and cloud computing. Read more
Dronemaker Aeronautics rejects acquisition offer by Israeli defense contractor Rafael. Last week, government-owned Rafael and Israeli businessman Avihai Stolero filed a $116.6 million offer for Aeronautics. Read more
Israeli Prime Minister Netanyahu presents new $8.1 billion missile defense plan. The Israeli cabinet on Wednesday reviewed a new armaments scheme for Israel that will see the country allocate additional $8.1 billion to its defense budget for the next ten years. Read more
News Briefs
Perrigo to collaborate with acne cream company Sol-Gel on generic drug. Read more
Israeli defense contractor appoints new chief technology officer. Read more
In search of investment, Ashdod Port courts Taiwanese shipping company Yang Ming. Read more
