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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





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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