CTech's Thursday Roundup of Israeli Tech News
Gett CEO preparing employees for IPO; Bike sharing company Mobike developing its own e-scooter
Bike sharing company Mobike developing its own e-scooter. The company plans to manufacture its own e-scooters and bring them to market in 2019, according to the company’s local operation manager in Israel. Read more
Mobike's bicycles in Ramat Gan, Israel. Photo: Photo: Ilan Sapira Israeli regulator considering cryptocurrency exchange. If the recommendation is adopted, Israel could potentially be a global pioneer in the domain. Read more
Israel’s Roboteam to supply robots to Italian military police. Roboteam develops ground robotic systems for law enforcement and military use, such as handling of suspicious objects and dangerous materials and intelligence collection. Read more
OurCrowd announces it has raised $1 billion to date. The equity crowdfunding company also announced several new funds and collaborations in the fields of sustainability, medtech, and veterinary technologies. Read more
Deep learning startup Brodmann17 raises $11 million. Brodmann17 develops software for computer vision applications for automated vehicles. Read more
Clothing printers company Kornit Digital to establish new ink factory in southern Israeli town Kiryat Gat. Israel-based Kornit plans to invest $17.4 million to set up the new manufacturing facility. Read more
Railway safety system developer Rail Vision raises $10 million. The Israel-based company develops an automated early warning system (AEWS) for locomotives. Read more
Morgan Stanley downgrades Teva from overweight to equal weight. The bank upgraded Teva to overweight in November, setting a target price of $27, at the time a 20% premium on the company’s trading price. Read more
Tower Semiconductor announces medical chip development with Chinese biotech company Axbio. Tower stated the device, which is intended for blood test analyses, is planned to go into production in mid-2019. Read more
Autonomous vehicle startup Vayavision receives $2.77 million grant. Vayavision develops a data processing system compatible with a variety of autonomous sensor systems, cameras, radars, and LiDAR. Read more
Digital marketing company Matomy Media's CEO resigns. Chairman of the Board Sami Totah, who previously served as Amdocs’ chief operating officer, will act as Matomy’s interim CEO. Read more
Home cannabis farming startup Seedo recruits Pninat Yanay for board. Seedo develops an automated device the approximate size of a mini-fridge that can be used to home-grow cannabis from seed to flower under controlled conditions. Read more
