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CTech's Wednesday Roundup of Israeli Tech News

Alibaba backs Israeli public transportation startup Optibus; This wearable clip will remember faces and names so you don’t have to.

CTech 16:4412.12.18
Alibaba backs Israeli public transportation startup Optibus. Optibus develops a fleet management software for public transit operators. Read more
Optibus. Photo: PR Optibus. Photo: PR
This wearable clip will remember faces and names so you don’t have to. OrCam Technologies expects to ship its life analytics wearable device MyMe in March. Co-founder Amnon Shashua calls it “the ultimate AI personal assistant". Read more

 

Conversation analytics startup Gong.io wins Calcalist’s AI and big data startup competition. Gong.io gives sales representatives insights into their interactions with customers by analyzing recorded phone calls and tracking keywords and topics of conversation. Read more

 

Online used car retailer Vroom raises $146 million. Vroom offers low-mileage reconditioned vehicles via its direct-to-consumer platform. Read more

 

CEO Confirms plan to float Israel’s largest aerospace and defense company. According to the plan currently advanced, Israel will list 25% of the securities of state-owned Israel Aerospace Industries according to a post-IPO valuation of $4 billion. Read more

 

Drug developer Entera Bio down on Nasdaq following Amgen deal. The deal, announced Tuesday, could see Entera receive up to $270 million in aggregate payments. Read more

 

FSD Pharma’s acquisition of Therapix hits a snag. In October, FSD agreed to buy Therapix for $48 million in stock, but a Tuesday filing by Therapix revealed that the companies have returned to the negotiating table. Read more

 

888 Holdings buys out partners in subsidiary All American Poker Network. The online gambling company will pay $28 million in cash for the remaining 53% stake.Read more

 

Medical device company HeraMED raises AUS$6 million in Australian IPO. The Israel-based company develops connected pregnancy monitoring products for home and professional use. Read more

 

 

News Briefs

 

Telit announces a delay in the sale of its automotive division to Hong-Kong based TUS. Read more

 

Tech customer support startup TechSee raises $16 million. Read more

 

 

Calcalist’s Mind the Data Conference

 

Personalized medication is the future, with some help from big data, says MediSafe co-founder. Big data can enable drug researchers to quickly gather insights that once took many years to accumulate, according to MediSafe’s Rotem Shor. Read more

 

Video | The biggest challenge for AI in today's market? It's misunderstood, says KPMG exec. Kristin Boesenberg, head of KPMG's global insights center, spoke about the challenges and key factors for successful AI implementation in today's market at Calcalist's Mind the Data conference. Watch the video

 

Video | AI can help solve world’s bee crisis, says bee repopulation company exec. 77% of the global food supply is dependent on bee pollination, and bees are responsible, directly and indirectly, to 1.5 billion jobs, according to Sabiha Rumani Malik, founder and executive president of The World Bee Project. Watch the video

 

Video | Skyline AI monitors thousands of properties in real time, says CTO. Speaking at Calcalist’s annual Mind the Data conference Or Hiltch said Skyline AI’s algorithms can assess potential revenue and the best time to buy, sell, or remodel a certain property. Watch the video

 

Video | Humanity delegates data management to machines, says JFrog co-founder. Fred Simon spoke Tuesday at Calcalist's Mind the Data conference in Tel Aviv. Read more

 

 

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