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CTech's Sunday Roundup of Israeli Tech News

Up in arms about Israeli arms exports; Telecommunication software developer DriveNets raises $110 million

CTech 14:0617.02.19
Up in arms about Israeli arms exports. A small but vocal group of Israelis is calling into question long-established taboos in Israeli society, protesting arms exports to countries violating human rights. Read more
Human rights attorney Eitay Mack. Photo: PR Human rights attorney Eitay Mack. Photo: PR
Telecommunication software developer DriveNets raises $110 million. Drivenets was founded by Ido Susan, who co-founded Intucell, bought by Cisco for $475 million, and Hillel Kobrinsky, who founded Interwise, bought by AT&T for $121 million. Read more  

 

Fiverr heading for New York IPO, Bloomberg reports. Founded in 2010, Fiverr allows users to buy and sell professional services online. Read more

 

Starboard cuts stake as Mellanox peaks. The activist investor sold 28% of its holdings in the Israeli chipmaker over the past week, taking advantage of Mellanox’s stock reaching its highest valuation since 2012. Read more

 

Analysis | Teva’s Schultz is running out of rope. In the fourth quarter and annual earnings reported by the company Wednesday, Teva missed analyst consensus for non-GAAP earnings per share, and shareholders seem to be losing patience. Read more

 

El Al now offers Wi-Fi on Israel-North America flights. El Al officially launched the service, operated by California-based satellite broadband company ViaSat, in all of its flights to Europe in July. Read more

 

Opinion | How Netflix’s quarrel with dentists reflects on the first amendment. As U.S. dentists accuse Netflix of spreading misinformation on root canals in a recent documentary, researcher Dov Greenbaum discusses whether filmmakers should be held responsible for bad science. Read more

 

Zebra Medical partners with three of Israel’s largest healthcare providers. Sourasky Medical Center and HMOs Clalit and Maccabi will use Zebra Medical’s algorithms to increase efficiency, prevent misdiagnosis, and improve early detection of disease and injury. Read more  

 

Kibbutz-based cannabis outfit seeks to merge with Tel Aviv. Shelf Company Apex has signed a memorandum of understanding with RCK, a cannabis genetic research, and nursery company based in Ruhama, a kibbutz in Israel’s south. Read more

 

Cannabis outfit recruits Israeli Nobel laureate for its board of directors. Cannabis-based pharma company Panaxia, which is set to merge with Tel Aviv-listed shelf company Herodium, announced Israeli biologist Aaron Ciechanover will join its board. Read more  

 

Philips selects sleep app developer Dayzz to join new health startup program. Dayzz offers a mobile sleep app that targets corporations, designed to provide personalized sleep training plans to employees as a way to increase productivity and wellbeing. Read more

 

Aeronautics wins a contract with a client linked to a previous probe. Earlier this month, the Israeli defense ministry reinstituted effective immediately Aeronautics' export license. Read more

 

Nice Reports record revenues for 2018, bolstered by cloud offering. The company benefited from a 28% year-over-year increase in revenues for its cloud segment, which reached $461 million for the full year. Read more

 

CyberArk revenues up 31% in 2018. The information security company reported $109.1 million in revenue for the fourth quarter of 2018, up 36% year over year and exceeding analysts’ expectations of $95.94 million. Read more
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