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CTech's Weekly Roundup of Israeli Tech News

Security firm Demisto to remain "independent" under Palo Alto; Futuristic snack developed in Israel invokes the space age

CTech 09:2022.02.19

Security firm Demisto to remain "independent" under Palo Alto. Palo Alto Networks announced it has agreed to acquire Israeli information security firm Demisto for $560 on Tuesday. The company intends to keep Demisto “almost independent” under CEO Slavik Markovich. Palo Alto CEO Nikesh Arora said. Read more

Palo Alto CEO and chairman Nikesh Arora. Photo: Bloomberg Palo Alto CEO and chairman Nikesh Arora. Photo: Bloomberg

 

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 

 

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

 

BMW Group to open a technology scouting office in Tel Aviv. A small BMW team will work with local startups and research universities to discover relevant trends and technologies. Read more 

 

Despite tech prowess, Israel ranks low on autonomous vehicle readiness. Israel is home to 500 to 600 automotive-related companies, around a fifth of which focus on autonomous technologies, according to KPMG. Read more

 

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

 

Gritty Tel Aviv suburb tops local life quality list. Ramat Gan, an eastern Tel Aviv suburb with a population of around 155,000, is the best of Israel’s large cities in terms of life quality, according to a report published last week by the Israeli Central Bureau of Statistics. Read more

 

 

M&As and IPOs

 

Palo Alto Networks pays $560 million for information security automation firm Demisto. Read more 

 

Qlik Buys Attunity for $560 Million. Read more

Google cloud to acquire data management company Alooma. Read more

 

Aeronautics to be acquired by defense contractor Rafael and businessman Avihai Stolero. Read more

 

Fiverr heading for New York IPO, Bloomberg reports. Read more

 

 

Startup funding

 

Telecommunication software developer DriveNets raises $110 million. Read more

 

Database software developer Redis Labs raises $60 million to scale up operations. Read more

 

Phage Therapies Company BiomX Raises $32 Million. Read more

 

Financial security startup nsKnox raises $15 million. Read more

 

E-commerce startup Donde raises $6.5 million. Read more

 

Serverless computing company Nuweba raises $4.8 million. Read more

 

Cybersecurity Startup Firedome Raises $4.5 Million. Read more

 

Crypto Company Solidus Raises $3 Million. Read more

 

Real estate tokenization company Jointer raises $2.5 million. Read more

 

 

Earnings

 

CyberArk revenues up 31% in 2018. Read more

 

Nice Reports record revenues for 2018, bolstered by cloud offering. Read more

 

Plus500's stock takes another hit following an annual report amendment. Read more

 

Earnings report boosts Tower Semiconductor on Nasdaq despite a cut to profits. Read more

 

Wix beats analyst consensus on quarterly, annual revenues. Read more

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