CTech’s Tuesday Roundup of Israeli Tech News
Liquidation manager moves to delete data on Psy-Group’s computers. Samsung’s Harman launches innovation task force Harman X
17:5619.06.18
Liquidation manager moves to delete data on Psy-Group’s computers. The servers of an Israeli intelligence company reportedly under investigation by Robert Mueller’s team for possible intervention in the 2016 U.S. presidential campaign are at the heart of a legal drama taking place in Israel. Invop, better known as Psy-Group, has entered a liquidation process in February that saw its computers—and any sensitive information kept on them—pass into the hands of a liquidation manager now seeking to wipe their hard drives and sell them. Into the mix comes West Face Capital Inc., a Canadian company that alleges a rival hired Psy-Group to sway a business dispute, and seeks to prevent the deletion. Read more
Israeli lawyer Hayut Greenberg. Photo: Amit Sha'al
Israeli lawyer Hayut Greenberg. Photo: Amit Sha'al Samsung’s Harman launches innovation task force Harman X. Samsung’s connected car and audio technology subsidiary Harman International Industries has launched an innovation task force, Harman X. The new venture was inspired by Google’s semi-secret research and development operation Google X, said Sanjay Dhawan, president of connected services at Harman, in an interview with Calcalist. Read more
Elbit closes acquisition of Israeli arms manufacturer IMI. Nasdaq-listed Elbit and its subsidiaries operate in a variety of military-oriented and technological domains, including communications, aerospace, land and naval systems, surveillance and reconnaissance. IMI is known as the developer of the Uzi submachine gun. Elbit will pay up to NIS 1.9 billion (around $520 million). Read more
JVP doubles investment award in startup competition. The Jerusalem-based venture capital firm announced that two startups, cybersecurity company Vicarius and chatbot developer Mmuze, will receive a $1 million investment each. Read more
ST Engineering to implement anti hacking technology in driverless busses. The Singapore-based company partnered with Israeli automotive cybersecurity company SafeRide. Read more
Former Israeli minister accused of spying for Iran. Gonen Segev, the former minister facing criminal charges, was previously jailed for attempting to smuggle commercial quantities of ecstasy pills across international borders. Read more
News Briefs
Benjamin Netanyahu meets with Jordan’s King Abdullah II in Amman. Read more
Data privacy company Prifender raises $5 million. Read more
Israeli Antitrust Authority indicts four in video game pricing scam. Read more
Visual aid company OrCam announces Asia expansion. Read more
Israeli venture capital firm IGP closes $230 million fund. Read more
