CTech's Wednesday Roundup of Israeli Tech News
SoftBank commits another $3 billion to WeWork. Gaza ceasefire shakes up Israel’s government
17:4614.11.18
SoftBank commits another $3 billion to WeWork. The new investment, made in the form of a warrant, gives WeWork an estimated company valuation of $42 billion. Read more
Al-Aqsa Television station. Photo: AFP
Gaza ceasefire shakes up Israel’s government. Protesting the ceasefire, Israeli Defense Minister Avigdor Lieberman has resigned Wednesday calling for general elections. Read more
Al-Aqsa Television station. Photo: AFP Interim Governor takes the helm at Bank of Israel. On Wednesday, the governor of the Bank of Israel Karnit Flug has stepped down after a five-year tenure. Read more
Controversial political operator wins Jerusalem mayoral race. Moshe Lion’s ascendency to the mayorship is the highest point of a long, at times questionable, political career. Read more
Historic photos predating Israel set free by Wikimedia. 28,000 public domain photos taken from Israeli archives are now available through the open content company’s online platform. Read more
Home network cybersecurity startup SAM raises $12 million. SAM’s software is installed onto home routers to protect home networks and the devices connected to them. Read more
Vidyo’s Eran Westman joins Viola Growth as a partner. In June, the fund announced the appointment of former Goldman Sachs SVP Rafi Carmeli as a partner. Read more
Anti ad fraud company Cheq appoints Eyal Balicer as chief global operations officer. Prior to joining Cheq, Balicer was a principal at Israel-based venture capital firm Glilot Capital Partners. Read more
News Briefs
Elbit Systems announces $167 million aerial surveillance deal with an unnamed Asia-Pacific country. Read more
Under new management, printer maker Kornit reports a 32% increase in quarterly revenues. Read more
Car sensor startup Guardian Optical raises $2.5 million. Read more
Wix beats outlook on 2018 third quarter revenues. Read more
Pitango promotes Ayal Itzkovitz to managing general partner. Read more
Anti-ransomware startup Votiro raises $8 million. Read more
