CTech’s Thursday Roundup of Israeli Tech News
Softbank leads $400 million investment in Compass. Pineapple burn treatment company receives up to $43 million in U.S. funding
16:5427.09.18
Softbank leads $400 million investment in Compass. The New York-based real estate startup completed a sixth funding round according to a $4.4 million valuation. Read more
Softbank founder and CEO Masayoshi Son. Photo: Bloomberg
Pineapple burn treatment company receives up to $43 million in U.S. funding. Israeli biopharmaceutical company MediWound is awarded a new contract by the U.S. Department of Health and Human Services to advance the use of pineapple treatment for sulfur mustard injuries. Read more
Opinion | Acquisition streak may hamper attempts to upscale the Tel Aviv Stock Exchange. The exchange is losing some of its best companies after three Israeli companies were plucked by multinationals. Read more
Mitsubishi joins investment round for next generation wheel startup SoftWheel. SoftWheel develops a shock absorbing wheel that includes an in-wheel adaptive suspension system for the bicycle, automotive and wheelchair industries. Read more
Analysis | Teva investors are back on the rollercoaster. The stock of Teva Pharmaceutical Industries Ltd. fell over 11% on NYSE between September 20 and Thursday, bringing a halt to a nearly two weeks rally. Read more
Chengdu Kanghong Pharma solidifies ownership of Israeli medical device company. The company paid $7 million in 2017 for 19% of IOPtima, a developer of minimally invasive devices for eye surgery. Read more
Israeli drone maker Airobotics sets up shop in Arizona. The company has opened a new Americas headquarters in Scottsdale and intends to hire a team of 80 people. Read more
