CTech’s Thursday Roundup of Israeli Tech News

Israeli defense contractor IAI reveals “suicide” drone. LR Group sets up biotech startup hub at Jerusalem medical center

CTech 17:5014.06.18
Israeli defense contractor IAI reveals “suicide” drone. In a video released by the state-owned company, the drone, designed to be carried, launched and controlled by a single combatant, is seen attacking several targets in heavy wind conditions. Watch the video

Hadassah Medical Center. Photo: Miki Noam Alon Hadassah Medical Center. Photo: Miki Noam Alon

LR Group sets up biotech startup hub at Jerusalem medical center. The Israel-based construction and engineering company is investing $14 million to establish a network of biotech hubs, called Biohouse, in several healthcare centers. Israel is the pilot, but the company is also in talks with Boston and New York Hospitals. Read more

 

Engineering outfit Pangea Group acquires biometrics company NIP Global. The deal is valued at about $30 million. Read more

 

SoftBank subsidiary Arm to establish labs in Israel in partnership with Telco. The two will collaborate on new networking infrastructure products based on Arm architecture. As part of the partnership, Arm will set up labs at Telco's Israeli offices and also make a strategic investment of $3 million to $4 million. Read more

 

FIFA to launch disciplinary action against Palestinian soccer chief, Israeli official says. The head of the Palestinian Football Association, Jibril Rajoub, led a campaign against a friendly game between Israel and Argentina, which was subsequently canceled. Read more

 

Ride Vision raises $2.5 million to develop safety alert system for motorcycles. The Israel-based startup is tackling a segment of road users that has been neglected in the push for assisted driving technology. Read more

 

News Briefs


Germany approves billion euro lease of Israeli drones. Read more

 

University of Haifa to expand by 100,000 square meters by 2030. Read more

 

Mobile security company Zimperium acquires Mi3 Security. Read more

 

Report: U.K.-backed tech hub produced $114 million worth of deals between British and Israeli companies. Read more

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