Winners and Losers of the Week: the Israeli Tech Industry Takes the Cake
Selection of this week's winners and losers by CTech's Editor
10:0830.08.19
Selection of this week's winners and losers by CTech's Editor
Jacob Shama, Mintigo's CEO. Photo: Mintigo Another winner is Israeli predictive analytics company Mintigo that was acquired by New York-listed business performance management company Anaplan. Mintigo has raised $51 million in equity to date and the deal was valued at "tens of millions of dollars.” Read more
This week’s winners are:
Online gaming company Playtika for its acquisition of Finnish game publisher Seriously. Seriously is known for its game Best Fiends, which has been played by more than 900 million people, according to the company. The acquisition is estimated at approximately $275 million. Read more
Jacob Shama, Mintigo's CEO. Photo: Mintigo
This week’s losers are:
Ontario-headquartered phone-maker Blackberry for shutting down its Israeli development center. Blackberry established the development center following its acquisition of secure file-sharing company WatchDox in 2015 for an estimated $100 million. Read more
Another loser this week is low-cost LiDAR startup Oryx Vision for deciding to shut down its operations. Oryx developed a light detection and ranging camera system (LiDAR) for autonomous cars, and has raised $67 million to date. Read more
This week’s data point: 8.7%
In Israel, tech workers accounted for 8.7% of the national workforce in 2018 - up from 8.3% in 2017. Tech employees earned nearly 2.5 times the average wage of non-tech Israeli employees. Read more
This week’s top deals:
Fintech startup Pagaya secures additional $115 million asset-backed security. Read more
Tel Aviv venture capital firm F2 Capital raises second, $75 million fund. Read more
Music education startup JoyTunes raises $25 million. Read more
Cybersecurity startup Axonius raises $20 million. Read more
Digital lender Salaryo raises $5.5 million in debt financing and equity. Read more
Biobeat receives FDA greenlight for blood pressure monitoring wristband.Read more
Israeli health logistics company Novolog acquires appointment booking company Odoro Global. Read more
New York-based firm FfVC backs construction site marking drone startup Civdrone. Read more
