CTech's Wednesday Roundup of Israeli Tech News
Capital raised by Israeli tech companies hits a six-year record in 2018; Israel GDP growth slows, still tops OECD countries
Capital raised by Israeli tech companies hits a six-year record in 2018. Israeli tech companies raised a total of $6.47 billion across 623 funding deals in 2018, according to a new report. Read more
Syqe Medical founder Perry Davidson. Photo: Orel Cohen
Cannabis inhaler company Syqe Medical raises $50 million. Syqe develops a pocket-sized metered-dose inhaler designed for precise delivery of cannabis molecules. Read more
Israel GDP growth slows, still tops OECD countries. Israelis spent more in 2018, but the country’s growth has stalled compared to 2017. Read more
Drone maker Aeronautics confirms IAI interest. Aeronautics’ stock has been on a consistent slide since the company listed in June 2017, at least in part due to an investigation launched against the company and many of its senior executives. Read more
Despite a wave of deadly accidents, implementation of new Israeli e-bike regulations postponed. Nineteen people, most of them teens, have been killed in e-bike related accidents in Israel in 2018. Read more
Canada’s MedC to develop cannabis-based cancer treatment based on Israeli technology. MedC previously invested in the development of the treatments at Israel’s agricultural research organization, Volcani Center. Read more
Forecasts 2019 | Israel wants to climb OECD ladder, says minister. Currently ranked 21st in terms of GDP per capita among OECD countries, Israel sets its sights on climbing 6 spots, Israel’s minister of economy said. Read more
Israel sees 5% spike in Jewish immigration in 2018. Most Jewish immigrants to Israel in 2018 came from Russia and Ukraine. Read more
Israel criminalizes buying, but not selling, sex. Total customer payments for the purchase of sex services in Israel from women alone is estimated at NIS 1,284,628,000 (approximately $344 million) per year, according to a 2017 report published by the Ministry of Justice. Read more
Israel to paint cigarette, e-cigarette packages with world's ugliest color. On Monday, Israel's parliament voted yes on a bill to limit the advertising and marketing of smoking paraphernalia in the country. Read more
President of Nice Israel Miki Migdal leaves the company. Migdal led the software company’s enterprise group, which has recently moved the bulk of its activity to the U.S. Read more
