CTech's Tuesday Roundup of Israeli Tech News
Insight Partners announces $1.1 billion Armis acquisition; How California’s CCPA regulations will affect Israeli adtech companies
Insight Partners announces $1.1 billion Armis acquisition. Calcalist first reported that the companies were in advanced negotiations on Monday morning. Read more
Expert | How California’s CCPA regulations will affect Israeli adtech companies. Adtech plays a critical role today in supporting the economic viability of many publishers, but it is clear that the long term viability of the sector is under legislative pressure. Read more
Jeff Horing. Photo: Orel Cohen
Taxi-hailing company Gett hires IPO advisor. In May, when Gett announced it had raised $120 million in debt financing and equity, the company’s founder and CEO said it would be its last private funding before an initial public offering in the first quarter of 2020. Read more
Mitsubishi enters commercial agreement with car data broker Otonomo. Otonomo’s technology collects and monetizes data from smart cars. Read more
Cybersecurity company BigID raises additional $50 million. BigID develops a data protection service that uses machine learning algorithms to track and guard enterprise customer and employee data. Read more
SAP expands Israeli development office. The software company is looking to hire 100 software engineers, big data experts, and managers for its central Israel office. Read more
MediWound to supply pineapple-based burn treatment to U.S. department of health. The company’s product NexoBrid is a pineapple enzyme-based topical treatment for the removal of dead tissue from burn wounds. Read more
Nearly half of Israelis traveled abroad in 2019. Of those who exited the country last year, 2.1 million traveled abroad more than once. Read more
