CTech's Wednesday Roundup of Israeli Tech News

Aeronautics to be acquired by defense contractor Rafael and businessman Avihai Stolero; Futuristic snack developed in Israel invokes the space age

Aeronautics to be acquired by defense contractor Rafael and businessman Avihai Stolero. The deal is still subject to approval from Aeronautics’ shareholders, including Israeli businessman Aaron Gover Frenkel, who recently acquired a 30% stake in the company. Read more

 

Futuristic snack developed in Israel invokes the space age. Food and beverage manufacturer Strauss Group is testing out a futuristic new snack, made with the same technology used by NASA food scientists to develop food for astronauts. Read more

Google offices in New York. Photo: Google

Google cloud to acquire data management company Alooma. Tel Aviv-based Alooma offers a platform that lets companies stream and migrate their organizational data from multiple locations and sources into one single location. Read more

 

Koch brothers hire former Netanyahu administration official to head Israeli outpost. Eli Groner will be leading the Israel location of Koch Disruptive Technologies (KDT), the company announced Tuesday. Read more

 

Database software developer Redis Labs raises $60 million to scale up operations. Redis develops and sells database management software based on Redis, a popular open source database. Read more

 

Ahead of election, venture capitalist Izhar Shay joins Israeli centrist party. Earlier this week, former Intel executive David ("Dadi") Perlmutter joined Israel’s Gesher party. Read more

 

Exoskeleton developer ReWalk files for FDA approval. In 2017, the company unveiled ReStore, a garment-like model: motors mounted on a waist belt are attached to the calf and insole, and sensors attached to the wearer’s shoes provide real-time motion data. Read more

 

Earnings report boosts Tower Semiconductor on Nasdaq despite a cut to profits. Tower lost around 50% of its stock valuation over the past 12 months. Read more

 

Wix beats analyst consensus on quarterly, annual revenues. The Israeli website building company closed 3.48% up on Nasdaq Tuesday. Read more

 

With a new facility, food manufacturer Osem wants double the Bamba. The Israeli food manufacturer has opened a new manufacturing facility for its popular peanut butter-flavored puffed corn snack, Bamba. Introduced in the 1960s, Bamba has become synonymous with Israeli childhood. Read more

 

WeTechBerlin

 

German Army Seeks to Partner With Israeli Cyber and AI Startups. Read more

 

Innovation is not just about tech, says Bank Leumi exec. Read more

 

Israel is an island, and innovation is our ship, says venture capitalist Chemi Peres. Read more

 

AI is already disrupting the real estate industry, says Skyline founder. Read more

 

Former Siemens chairman on the company’s software strategy. Read more

 

Amazon can unleash hidden value by splitting up, says Israeli tech banker. Read more