CTech's Weekly Roundup of Israeli Tech News
Spyware marketed by Israeli Company NSO detected in 45 countries; Biographer sees Chinese government involvement in Jack Ma’s Alibaba retirement plan
Medtronic to buy Mazor Robotics for $1.6 billion. In 2016, the companies signed a multi-phased strategic investment agreement in which Medtronic agreed to buy up to 15% of Mazor's shares. Read more
Spyware marketed by Israeli Company NSO detected in 45 countries. According to a new report, activity related to the spyware which targets mobile phones was found in countries including the U.S., U.K., Canada, the UAE, Saudi Arabia, Egypt, Jordan, Lebanon, Israel, and the Palestinian territories. Read more
Interview | Biographer sees Chinese government involvement in Jack Ma’s Alibaba retirement plan. Ma’s decision can only be understood in connection with the centralized approach dictated by China’s President Xi Jinping, said Ma’s biographer Duncan Cla. Read more
Ori Hadomi, CEO of Mazor Robotics. Photo: Zvika Tishler
After rebuke, no signs for a change in plan to issue first state-endorsed digital coin in the Marshall Islands. On September 5, the International Monetary Fund published a paper calling the republic to reassess the plan’s risks. Read more
Video | Israeli Tech is coming to the Paris Motor Show. Celebrating its 120 anniversary, the show is one of the world’s biggest auto events, drawing crowds of hundreds of thousands. Watch the video
Communication equipment firm ECI filed for London IPO. ECI seeks to raise around $230 million in new and existing shares, according to the company’s registration documents. Read more
Automated blood test startup MeMed raises $70 million to expand offering. The company will use the funding to launch a new model of its blood testing device and to expand the range of tests it offers. Read more
Singapore Exchange leads $44 million funding round for freight marketplace startup Freightos. Freightos operates an online freight sales platform with tools such as price comparison, instant booking, and shipment tracking for freight shipments. Read more
Opinion | For law and lawyers, artificial intelligence spells a major headache. Large law firms are built on models of inefficiencies characterized by outdated pricing models, like billable hours. AI software, on the other hand, aims to be efficient and cost-effective. Read more
Video | Tel Aviv-based drone company airdrops burgers to hungry golfers. Drone delivery company Flytrex has partnered with North Dakota’s King's Walk Golf Course to offer food deliveries to golfers on the course. Watch the video
Teva shares rise following FDA approval of migraine drug. Teva’s new migraine drug is forecasted to bring in $500 million in sales annually. Read more
