CTech’s Tuesday Israeli Tech News Roundup

Israel to offer military personnel a two-year “tech leave.” In recent years, Israel has explored ways to preserve this high-quality talent in light of the lucrative options waiting for them outside of the military. Dubbed as the “time-capsules plan”, the new initiative will allow career soldiers in cyber and tech units in Israel’s military to take up to two years of leave-of-absence to work in selected non-military tech companies. Read more

K1 Capital to acquire Clarizen in management buy out. Backed by Goldman Sachs and Benchmark, Clarizen develops and markets an online project management and collaborative work service. The sum of the MBO is around $110 million, and K1 has committed to infuse Clarizen with an additional $10 million in the near future, to support growth and expansion. Read more

Israeli military intelligence personnel. Photo: Amit Shaal

Open source vulnerabilities hunter Snyk raises $7 million. Snyk develops software that aims to help developers detect and fix vulnerabilities in third-party open source code modules. The Tel Aviv-based company reports over 120,000 users and 350,000 downloads per month. Read more

3D printing company Stratasys is on way to a long rebound. A few years ago, when 3D printing was the hottest tech trend in capital markets worldwide, the star of Israeli 3D printing company Stratasys was shining brightly. Then, in 2014, 3D printing experienced a wide-spread crash. Between September 2014 and February 2016, Stratasys’ stock price dropped almost 90%. Read more