CTech's Weekly Roundup of Israeli Tech News
Intel Capital reorganizes Israeli team after investing $120 million in local startups in 2018; Former Reebok, Adidas execs partner with Israeli sports accelerator to launch $75 million sport tech fund
Intel Capital reorganizes Israeli team after investing $120 million in local startups in 2018. In an Intel Capital conference in Phoenix, Arizona last week, Intel Capital's President Wendell Brooks said that Intel's Mellanox bid was off by just a few dollars per share. The company lost the bid to Nvidia, which agreed to pay $125 per share for the Israeli chipmaker, in March. Read more
Intel offices in Israel. Photo: Reuters Former Reebok, Adidas execs partner with Israeli sports accelerator to launch $75 million sport tech fund. Uli Becker, former president of Reebok and Bernd Wahler, former chief marketing officer for Adidas and former president of German sports club VfB Stuttgart, have partnered with Israeli-born venture capitalist Amir Raveh to launch HYPE Capital. Read more
Warburg Pincus looks to boost acquired Israeli credit card with $277 million investment. The New York-headquartered private equity firm completed the $640 million acquisition of Leumi Card in February, renaming it Max. Read more
Opinion | Who is the Apple Watch watching your health for? As recreational health trackers such as the Apple Watch and Fitbit become more popular, ethical questions regarding medical confidentiality, privacy, and the importance of accountable diagnoses arise. Read more
Venture firm New Era Capital raises a $60 million fund. New Era focuses on startups touting a positive environmental and social impact. Read more
Israel’s $100 million moon selfie could win it a $1 million prize. If Israel’s Beresheet spacecraft successfully lands on the moon next month, it could win a $1 million prize from the X Prize Foundation. Read more
Check Point finds security breaches in Israeli political party apps. Researchers at veteran cybersecurity company Check Point found that an app by Israel’s Labor party extracts the contact lists of its users without their knowledge, uploading them to an external server. Read more
Another former Israeli prime minister hops on the cannabis bandwagon. Former Israeli Prime Minister Ehud Olmert is joining Tel Aviv-listed medical cannabis company Univo. Read more
Fundings
Virtual container startup Aqua Security raises $62 million. Read more
Electronics health company ProteanTecs emerges from stealth with a $35 million investment. Read more
Liquidity Capital announces close of $30 million revenue-share financing fund. Read more
Fintech startup Pagaya raises $25 million. Read more
Data science startup Run:AI raises $10 million. Read more
Wide-area network startup Teridion raises $9 million. Re ad more
Cybersecurity startup CyberHat raises $6 million. Read more
SodaStream CEO makes second Seedo investment as part of $4 million private placement. Read more
