CTech's Tuesday Roundup of Israeli Tech News

Image retail analytics company Trax acquires shopping rewards app Shopkick; Samsung closes Israeli accelerator after four years

Image retail analytics company Trax acquires shopping rewards app Shopkick. The financial details of the deal were not disclosed, but one person familiar with the matter placed the sum at around $150 million. Read more

 

Samsung closes Israeli accelerator after four years. Samsung Runway started operating in 2015, offering local startups the opportunity to partner with the South Korean electronics giant in their early stages, as well as a $50,000 no-equity grant and mentorship. Read more

Online shopping(illustration). Photo: Orel Cohen

 

Searchlight signs Bezeq acquisition deal. The private equity firm will pay $134.5 million for a controlling stake, while Israeli partner David Forer will invest $27 million. Read more

 

Court approves one Teva opioid settlement, many more to come. The settlement will see Teva will pay Oklahoma a one-time payment of $85 million to settle claims that it had played a role in exacerbating the U.S. opioid use epidemic there. Read more

 

Urban real estate startup Venn raises $40 million. Venn operates co-living and working facilities that aim to promote a sense of community within large cities. Read more

 

Elbit subsidiary BrightWay raises $25 million. Haifa-based BrightWay develops a multi-functional vision and ranging system for the automotive industry. Read more

 

 

Calcalist’s Fintech 2019 Conference

 

 

The finance industry will change profoundly in the next five years, says Credit Suisse exec. Watch the video

 

Innovation in the financial system must come from within, says KPMG exec. Read more

 

The financial sector is the target of most cyber attacks, says Israeli exec. Read more  

 

Only organizations adapted to the digital revolution will survive, says IBM Israel CEO. Read more

 

Investors are interested in fintech, says Bluevine co-founder and CTO. Read more

 

A fifth of online buyers don't complete deals, says Riskified chief operations officer. Read more