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CTech's Monday Roundup of Israeli Tech News

Amazon, Samsung, Avery Dennison, back battery-free sensor startup Wiliot; Japanese minister of economy to visit Israel

CTech 14:0714.01.19

Amazon, Samsung, Avery Dennison, back battery-free sensor startup Wiliot. Wiliot develops a Bluetooth sensor that harvests energy from radio waves, replacing batteries and wired electricity in IoT devices. Read more 

 

Wiliot co-founders Yaron Elboim (left), Tal Tamir, Alon Yehezkely. Photo: David Garb Wiliot co-founders Yaron Elboim (left), Tal Tamir, Alon Yehezkely. Photo: David Garb

 

Japanese minister of economy to visit Israel. Minister Hiroshige Sekō will lead the largest delegation of Japanese businessmen to Israel to date, including executives from Mitsubishi, Toshiba and Hitachi. Read more

 

IAI attempts to void exclusivity given to Israeli rival in negotiations with drone maker. On Sunday, Aeronautics announced it has agreed to enter into exclusive negotiations with Rafael regarding a potential acquisition by the latter, according to a $231 million valuation. Read more

 

Magenta Venture Partners announces early stage fund targeting $100 million. The Israel-based fund, founded in October 2018, is a partnership between two Israeli venture capitalists and Japanese trading company Mitsui & Co. Read more

 

Thoma Bravo completes acquisition of security information firm Imperva. The technology investment firm announced an agreement to buy Nasdaq-listed Imperva for $2.1 billion in October 2018. Read more

 

Pesticides manufacturer Adama considers acquisition of Chinese supplier. Adama is the result of a 2017 merger between Israel-based Adama Agricultural Solutions and Chinese pesticide producer Hubei Sanonda Co., a subsidiary of chemicals company ChemChina. Read more

 

Struggling InSight Biopharmaceuticals acquired by Hong Kong’s Gencor Pacific. In 2017, following a financial collapse, the intellectual property and assets of Israel-based InSight were sold to Estonian company PharmaEstica Manufacturing and its Israeli partner. Read more

 

Weather forecasting startup ClimaCell to set global headquarters in Tel Aviv. ClimaCell recently hired former Google executive Dan Landa to head its Israel office. Read more

 

Web app development startup Pendo to triple number of employees in Israel. Pendo is now setting up new offices in central Israel to accommodate around 70 new employees, said Yaron Goldberg, vice president of engineering and manager of Pendo’s Israel site. Read more

 

Warning strike at Ben Gurion International Airport grounds Tel Aviv-Eilat flight. The strike is only expected to affect one flight, scheduled for Monday afternoon. An earlier flight to Eilat departed at 9 a.m., an hour before the strike began. Read more
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