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CTech's Wednesday Roundup of Israeli Tech News

SoftBank commits another $3 billion to WeWork. Gaza ceasefire shakes up Israel’s government

CTech 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


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 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
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