CTech's Wednesday Roundup of Israeli Tech News
SodaStream insider trading investigation: CEO allegedly gave Ayala Cohen NIS 400,000 to buy company stock; Warehouse robotics startup Fabric raises $110 million
SodaStream insider trading investigation: CEO allegedly gave Ayala Cohen NIS 400,000 to buy company stock. Calcalist first reported on the investigation in September. Cohen, a long-term acquaintance of Daniel Birnbaum, is suspected of making nearly $55,500 off her trading. Read more
Warehouse robotics startup Fabric raises $110 million. Turning underutilized urban retail spaces into delivery centers where robots store, sort, and process inventory, the company aims to tackle the last mile distribution challenge. Read more
Analysis | Adam Neumann gets a cushy exit. Despite being the orchestrator of the biggest tech fiasco of the year, WeWork's co-founder and former CEO will walk away with his billionaire status intact. The real losers are the employees and the company's shareholders. Read more
Israelis among top gainers in wealth over the past year, says Credit Suisse. The global bank's research institute published its annual global wealth report for 2019 Monday. Read more
Tulsa University, Team8 partner on joint cyber PhD program. The joint four-year program will accept 10 students a year, and will combine the university's academic knowledge with Team8’s ecosystem to identify the industry’s main challenges and offer practical solutions. Read more
Cosmetics company Il Makiage acquires Israeli operation of on-demand beauty services startup Missbeez. Missbeez's U.K. operation was acquired earlier this month by local competitor, London-headquartered Urban. Read more
In Israel, academia is a woman's game, until it comes to STEM. New data shows that 60% of Israeli students are women, but less than 35% of engineering and computer science students are female. Read more
SodaStream to offer concentrates for homemade Pepsi, Mountain Dew. Concentrates for making 10 of PepsiCo’s most popular soft drink brands at home will soon be available in Sweden and Norway. Read more
Toyota’s truck subsidiary Hino partners with Israeli flat chassis startup REE. Hino uses REE’s technology, which enables a vehicle’s drive components to be fully integrated into a wheel, for its flat truck chassis for electric vehicles. Read more
Social influencers analytics startup HYPR raises $8 million. HYPR offers an analytics service for social media influencers to enable marketers to target influencers based on their audience demographics. Read more
Fintech startup Otoma raises $8 million. Otoma develops AI-based software testing technology for financial institutions. Read more