CTech's Sunday Roundup of Israeli Tech News

Japanese insurance company Sompo opens Tel Aviv innovation hub. Former Teva executives raise $60 million for metabolic disorders venture

Japanese insurance company Sompo opens Tel Aviv innovation hub. In its first year on the ground in Israel, Sompo intends to invest in one to three startups and enter collaborations with five to ten more companies. Read more

 

Former Teva executives raise $60 million for metabolic disorders venture. The company’s pipeline of biologic and small molecule drug candidates was acquired from Teva. Read more

 

Tokyo. Photo: Getty Images

Zohar Levkovitz’s new startup wants to keep track of your kids. Levkovitz, who co-founded marketing tech company Amobee, plans to develop software that can monitor a child’s behavior on social media, private messages and even in the physical world. The aim: alerting parents and authorities of potential threats. Read more

 

Meet the 9 Finalists of Calcalist’s Promising Startup Competition. The winner of the competition will be announced Monday at Calcalist’s eighth annual digital and mobile conference in Tel Aviv. Read more

 

Compass buys tech division of shopping app Spring. Founded in 2012 by Robert Reffkin and Israeli entrepreneur Ori Allon, Compass has raised a total of $1.2 billion to date. Read more

 

To encourage local tech, Israel to expand tax benefits to small companies. Israel’s tax authority has decided to expand the country’s capital investment law, intended to offer large companies tax benefits, to companies employing less than 10 people. Read more

 

CEO of Israeli E-commerce Group Resigns after Failed Tel Aviv IPO. Ilan Tzachi, CEO OF Zap Group, announced on Sunday his intention to resign, concluding his tenure in January 2019. Read more

 

Opinion | Are you a “walking sick,” or a “worrying well”? Direct to consumer genetic testing will tell. From Senator Elizabeth Warren’s ancestry test to the Angelina Jolie Effect, commoditized genetic testing reveals one clear result: psychology trumps data. Read more

 

Tips | Getting the most out of international business meetings. Lawyer and entrepreneur Zachi Zach lists the absolutely vital items you should check the next time you get on a plane for a business meeting. Read more

 

News Briefs

 

Gamida Cell downprices shares to raise $50 million Nasdaq IPO. Read more

 

University of Illinois partners with three universities to build new research center. Read more

 

Traffic Analytics Startup Placer.ai Raises $4 Million. Read more

 

Medical AI Raises NIS 2.5 Million. Read more