CTech's Wednesday Roundup of Israeli Tech News
's 2020, and SodaStream is taking on America; A fifth of Israeli startups incorporate abroad, report says
Interview | It's 2020, and SodaStream is taking on America. In July 2019, Eyal Shohat replaced Daniel Birnbaum as the CEO of Pepsi Co-owned SodaStream. Two months later, Shohat called PepsiCo’s management to break the news that the legendary former CEO was being investigated for insider trading violations. Read more
A fifth of Israeli startups incorporate abroad, report says. A recent report by IBI Capital subsidiary S-Cube Financial Consulting found that the number of startups choosing to incorporate outside of Israel went up 10% in 2019. Read more
Tel Aviv's skyline. Photo: Shutterstock
Itamar Medical closes Nasdaq public offering at $40.25 million. The medical diagnosis company initially looked to raise $30 million to fund its sales and marketing operations as well as product development and clinical trials. Read more
Online insurer Lemonade expands to pet insurance. The company’s new service, expected to launch later this year following regulatory approval, is intended for cats and dogs. Read more
IAI to collaborate with India-based aerospace and defense contractors. As part of the deal, Israel Aerospace Industries and the Indian government will work together to promote the production of Indian UAVs. Read more
IoT connectivity startup floLIVE raises $21.5 million. FloLIVE also announced Tuesday the appointment of Nir Shalom as the company’s new CEO. Read more
Industry and Economy:
The climate crisis is the biggest threat to humanity, says renewable energy exec. Read more
Autonomous drones save tens of millions of dollars annually, says Percepto co-founder. Read more
