CTech's Monday Roundup of Israeli Tech News
Israeli civil liberties groups warn against potential for abuse in cybersecurity bill. After hitting new low, surveillance company Ability jumps on Nasdaq
Karine Nahon. Photo: Amit Sha'al After hitting new low, surveillance company Ability jumps on Nasdaq. Tel Aviv-based Ability, which provides interception, geolocation, and cyber intelligence products to security agencies, more than doubled its stock price on Nasdaq over the past few days. Read more
BigID raises $30 million to help companies protect user privacy. The startup’s technology uses machine learning to improve how its customers find, protect and manage personal information. Read more
Playbuzz lays off 25 employees citing organizational restructuring. Playbuzz CEO Shaul Olmert said that the company is undergoing a strategic pivot stemming from changes to the global media market. Read more
Fifth acquisition deal for Israeli insurer Phoenix may go up in flames. On July 5, the last extension of the acquisition agreement signed between Sirius International Insurance and Israel-based Delek Group for the controlling stake of Israeli insurer Phoenix Holdings will end. If it is not approved by Israel's Commissioner of Capital Markets Dorit Salinger by that date, Sirius will be required to sell the 4.9% stake it has already acquired from Delek and abandon the deal. Read more
News Briefs
Multi-factor authentication startup Silverfort raises $11.5 million. Read more
For the second time: Spacecom postpones deal with U.S. satellite manufacturer Loral. Read more
Music education startup JoyTunes raises $10 million. Read more
