CTech's Tuesday Roundup of Israeli Tech News
Baring Private Equity signs MoU for $1.2 billion Lumenis acquisition deal; Gett shuts down Juno, announces collaboration with Lyft
Baring Private Equity signs MoU for $1.2 billion Lumenis acquisition deal. The deal is expected to be completed in early 2020. Read more
Gett shuts down Juno, announces collaboration with Lyft. Gett acquired New York-based Juno in 2017 for $200 million, but repeated reports of Gett’s attempt to sell it due to high expenses have been popping up since 2018. Read more
Kape Technologies buys online privacy company LTMI for $128 million. Kape, whose controlling shareholder is businessman Teddy Sagi, is a cybersecurity company developing online security, privacy, and autonomy products. Read more
Microsoft, Citi back online lender BlueVine again in $102.5 million round. Redwood City, California-based BlueVine offers capital financing to small and medium-sized businesses. Read more
Wages predict career advancement expectations, new data shows. Almost 30% of Israelis who make over $4,000 a month consider promotion possible, while only 11% of those who earn less than $1,700 do. Read more
Microsoft chairman backs network security startup CyCognito in $18 million round. CyCognito develops a cloud-based network security analysis service that acts as a sophisticated attacker simulator, designed to uncover an organizational security weaknesses. Read more
Rafael to provide German military with anti-tank missiles. The missiles and launchers will be manufactured by local companies in Germany. Read more
Video analyzing startup Viisights raises $10 million. Viisights develops a video intelligence service that analyzes and manage video content for specific advertising campaigns, and also analyzes real-time footage from security cameras. Read more
New York state attorney general investigating WeWork, report says. The investigation will look into allegations that co-founder and former CEO Adam Neumann benefitted from self-dealing, according to Reuters. Read more