CTech's Wednesday Roundup of Israeli Tech News
Francisco Partners, IGP to acquire live broadcasting startup LiveU for $200 million; Palo Alto Networks to acquire cloud security company Twistlock
14:0029.05.19
Francisco Partners, IGP to acquire live broadcasting startup LiveU for $200 million. LiveU develops live broadcasting and streaming technologies negating the need for an outside broadcasting van, as the video is transmitted directly to the broadcaster's server over cellular networks. Read more
LiveU CEO Samuel Wasserman. Photo: PR Adtech company Adcore lists on Canada's TSX Venture Exchange. Tel Aviv-headquartered Adcore develops automated products for day-to-day search engine marketing. Read more
Derivative suit sheds light on Teva’s disastrous Rimsa acquisition. Teva acquired Mexican drugmaker Rimsa in 2016, but an anonymous email sent a week after the deal’s completion led Teva to launch an internal investigation—and sue the sellers for fraud. Read more
El Al launching Tel Aviv to Tokyo route. In January, Calcalist reported a plan to start operating direct flights between the two countries. Read more
Intuit acquires data analytics startup Origami Logic. Founded in 2011 by three Israeli serial tech entrepreneurs, Origami Logic offers market performance and market insight analytics to brands. Read more
Ayala Pharmaceuticals raises $30 million. The Israel-based company intends to use the new round of funding to advance the clinical development of its anti-cancer product. Read more
Payment company Splitit raises $20.7 million in private placement. The New York-headquartered company raised $8.6 million in its initial public offering on the Australian Securities Exchange in January. Read more
Intel backs autonomous cars semiconductor startup TriEye. TriEye develops shortwave infrared (SWIR) imaging technology designed to assist autonomous vehicles “see” better under limited visibility conditions. Read more
Medtech Investment Firm Accelmed Backs Reflux Therapy Company EndoGastric. EndooGastric develops incisionless procedural therapy for gastroesophageal reflux disease. Read more
Identity verification startup Identiq raises $5 million. Identiq’s distributed network uses cryptography to enable members to validate new users without sharing any personal user data. Read more
