CTech's Monday Roundup of Israeli Tech News
Mitsubishi opens Israeli innovation outpost; football coach Arsène Wenger backs sports tech startup PlayerMaker
14:1427.05.19
Mitsubishi opens Israeli innovation outpost. Already operational, the new center will help Mitsubishi scout for Israeli startups in the domains of automotive and smart mobility. Read more
Arsène Wenger. Photo: Getty Images
Football coach Arsène Wenger backs sports tech startup PlayerMaker. Israel-based PlayerMaker develops a sensor-based football coaching tool that tracks indicators such as gait and ball contact to improve performance. Read more
Israeli Ministry of Defense hinders green energy projects in Golan Heights. Backtracking on previous agreements, the ministry is allegedly claiming that green energy entrepreneurs are disrupting regular military operations in the area. Read more
China’s Shiji Group acquires mobile payments startup MyCheck. Tel Aviv-based MyCheck offers a mobile payment app with a focus on the hospitality industry. In 2018 the company received a stay of proceedings order due to financial troubles before being acquired by Eyal Ofer’s O.G. Tech Partners. Read more
Finistere Ventures, OurCrowd, Tnuva, and Tempo announce $100 million foodtech and agtech investment commitment. The investment is set to support the Israeli government-backed foodtech hub in Kiryat Shmona, a town on Israel’s northern border. Read more
Teva reaches $85 million settlement in Oklahoma opioid damages suit. Teva is one of several opioid manufacturers being sued in the U.S. by different states and private entities for its alleged role in the nation's opioid addiction crisis. Read more
Nasdaq-listed NetApp acquires data protection startup Cognigo. Cognigo’s 35 employees will join NetApp’s development center in central Israel. Read more
Shipping optimization startup Ladingo signs partnerships with PlushBeds, Kathy Kuo Home. Ladingo develops an optimization system that allows maritime shipping companies to combine several international deliveries from one country to another in a single container. Read more
WeWork to open additional central Israel coworking space. The new space, spanning 15,000 square meters over 6 floors, is set to be the company’s first in Petah Tikva, and WeWork’s second-largest in Israel. Read more
Harman appoints new VP of automotive cybersecurity. Samsung's connected car and audio technology subsidiary has appointed Asaf Atzmon, previously the company’s senior director of business development and marketing. Read more
