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CTech’s Wednesday Roundup of Israeli Tech News

Canon to buy video analysis company BriefCam. Israel’s Shin Bet security agency taps local startups. Israeli tech is coming to the Paris Motor Show

CTech 16:5609.05.18
Canon to buy video analysis company BriefCam. BriefCam develops machine learning software that enables investigators to view and search hours of video footage in minutes. Cannon stated the acquisition is part of the company's five-year global corporation initiative, launched in 2016. Read more

Canon. Photo: Bloomberg Canon. Photo: Bloomberg

Israel’s Shin Bet security agency taps local startups. The Israel Security Agency is teaming up with Tel Aviv University’s TAU Ventures to set up an accelerator program for startups. Read more

 

Israeli tech is coming to the Paris Motor Show. After Silicon Valley, London, and New York, Calcalist's international conference series will be landing in Paris in October for the city's biennial motor show. Calcalist will lead a delegation that will present Israeli technologies and innovation. Read more

 

Court approves $150 million dividends payment by monetization company IronSource. Originally a downloads optimization software developer, IronSource shifted its focus to rewarded ads following a series of acquisitions between 2013 and 2016. Read more

 

Israeli tech communities serve as a gateway to local industry. With a dense, relatively small population and non-formal open culture, Israel has sprouted hundreds of tech communities, writes Yoav Adler, a director at the Israeli Ministry of Foreign Affairs. Read more

 

Automated branding company Tailor Brands raises $15.5 million. The company’s service creates automated custom logos and advertising campaigns. Users can choose to icons to be used in the logo, fonts, and color. Read more

 

Bangkok Bank partners with Israeli equity crowdfunding company OurCrowd. Through the partnership, the two sides hope to connect OurCrowd's portfolio companies with interested investors and customers working with the bank. Read more

 

Wix.com, which helps users create websites, posts strong quarterly results. The company’s paid user base is growing and quarterly revenue was up 49% year-over-year. Loss per share was down to 42 cents from 47 cents. Read more

 

Orbotech reports strong financial results ahead of acquisition. The Israel-based technology firm reported its last numbers before the close of the $3.4 billion deal with KLA-Tencor Corporation. Orbotech’s revenue for the first quarter reached $251 million, up 34% from $188 million a year earlier. Read more

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