CTech's Thursday Roundup of Israeli Tech News

Palo Alto confirms Twistlock deal, announces acquisition of PureSec; At Computex, Intel unveils Israeli-developed 10th Gen core processors

Palo Alto confirms Twistlock deal, announces acquisition of PureSec. On Wednesday, Calcalist reported that Palo Alto will be buying Twistlock for several hundreds of millions of dollars. Read more

Palo Alto CEO and chairman Nikesh Arora. Photo: Bloomberg

At Computex, Intel unveils Israeli-developed 10th Gen core processors. The processors are based on the company’s “Sunny Cove” core architecture, developed in Haifa. Read more

 

Interview | When the judicial authority is weakened, the economy follows, says Israeli economist. There is much evidence of the negative effect corruption has on a country’s economic prosperity, according to Momi Dahan, head of the school of public policy at the Hebrew University of Jerusalem. Read more

 

Acquisition approval still pending, Aeronautics erases $23 million due to accounting mistake. In April, Aeronautics’ board approved its sale to Israeli defense contractor Rafael according to a company valuation of $237 million. Read more

 

ReWalk receives CE marking for its stroke rehabilitation suit. ReStore, the company’s new product line, is a soft-frame supportive suit meant for stroke victims learning to regain motor skills in their lower limbs. Read more

 

AI log analysis startup Logz.io Raises $52 Million. Logz.io’s open code system uses predictive analytics and machine-learning algorithms to detect and process meaningful data in information automatically generated by computer servers, applications, and network devices. Read more

 

Mental therapy startup Talkspace raises $50 million. Talkspace developed and operates web and mobile apps that connect users with licensed therapists. Olympic medalist Michael Phelps was the face of a 2018 Talkspace mental health campaign. Read more

 

Cloud backup startup OwnBackup raises $23 million. OwnBackup develops a cloud-to-cloud automated backup and recovery system. Read more

 

Pi Therapeutics raises $19.7 million. Pi Therapeutics develops novel modulators of protein degradation for the treatment of cancer. Read more

 

Data beaming startup Equalum raises $18 million. Equalum develops a data-beaming platform designed to teleport operational data from multiple sources in real-time throughout different systems and applications within an organization. Read more

 

Fintech company ChargeAfter raises $8 million. ChargeAfter develops a system that allows retailers to offer customers instant credit and financing plans. Read more