CTech's Thursday Roundup of Israeli Tech News

Investors are for the weak: these entrepreneurs chose bootstrapping over VC affluence. Bootstrapped companies target quick profitability and avoid pressure from investors. Following WeWork’s crash and Uber’s and Lyft’s failure to take off, the time has come to look at business models that focus on more than just growth. Read more

Teva fights muddy reputation with positive report. Calcalist obtained a report commissioned by the Israeli drugmaker that details its economic contribution to the countries in which it operates. Read more

Kaltura. Photo: Roy Alder

Over 25% of Israeli homes are smart homes, report says. Israel’s largest telecom Bezeq released its annual internet usage report on Tuesday. Read more

Israel dips in 2019 corruption perceptions index. For the third year in a row, Israel’s score on the Corruption Perceptions Index by nonprofit organization Transparency International has dropped. Read more

Kaltura acquires video collaboration startup Newrow. Newrow offers an online service that enables corporations and educational institutions to develop and share online videos, webinars, and classes. Read more

ServiceNow acquires IT startup Loom Systems. Loom develops an AI-based log analysis platform designed to predict and prevent IT issues in businesses undergoing a digital transformation or cloud migration. Read more

IoT company Skylo set to open Israeli development center. The San Mateo, California company emerged from stealth, announcing a $103 million investment. Read more

Foot traffic analytics startup Placer.ai raises $12 million. Placer.ai develops an online service that uses customers’ cell phone signals to provide retailers with data on in-store activity. Read more

Israir launches Tel Aviv to Yerevan seasonal route. The company also announced plans to launch seasonal routes from Tel Aviv to Palma de Mallorca in Spain and the Latvian capital Riga. Read more