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CTech's Tuesday Roundup of Israeli Tech News

China's AliExpress is bringing Turkey and Israel together; LiDAR maker Innoviz raising a new round of around $100 million

CTech 14:4105.03.19
China's AliExpress is bringing Turkey and Israel together. Turkish online clothing brand Trendyol Group opened a store on AliExpress two months ago. Its second largest market so far? Israel. Read more
Alibaba Founder and Chairman Jack Ma. Photo: Amit Sha'al Alibaba Founder and Chairman Jack Ma. Photo: Amit Sha'al
LiDAR maker Innoviz raising a new round of around $100 million. The company raised $82 million to date from investors include Delphi Automotive, Samsung Catalyst, Naver Corporation, and SoftBank Ventures Korea. Read more

 

China’s TUS completes acquisition of Telit’s automotive unit. The $105 million deal includes a $67.5 million cash transaction as well as a short-term vendor loan of $38.5 million, to be paid within six weeks. Read more

 

StartUp Nation Ventures launches a $25 million fund. SUNV will work with the Israel Innovation Authority, the Israeli government's tech investment arm, to vet and select the candidate companies for investments. Read more

 

First international flight touches down in new Eilat airport. RyanAir operated three flights, to Poznan, Poland and round-trip from Prague, Czech Republic from the new Eilat Ramon Airport on Monday. Read more

 

IBM appoints Gabi Zodik to lead its global blockchain research strategy. Zodik has been working at IBM’s offices in Haifa for over two decades. Read more

 

Portuguese power company EDP backs cybersecurity startup Sepio. Tel Aviv-based Sepio develops hardware-focused cybersecurity technology for organizations and enterprises. Read more

 

Top Image filing reveals Kofax's initial offer was higher. In February, Nasdaq-listed content processing solutions company Top Image announced Kofax agreed to acquire it for $16 million. Read more

 

Israeli travel tech companies Fornova and HotelsBI announce merger. Fornova will integrate HotelsBI’s hotel performance analytics software into its suite of products aimed at the hospitality industry. Read more

 

Compass buys San Francisco real estate firm Alain Pinel, report says. The acquisition, first reported by real estate industry news site Inman.com, is the third such deal in Compass’ West Coast expansion strategy. Read more

 

Online gambling company 888 Holdings buys sports betting platform. Gibraltar-headquartered 888 will pay 15 million euros to buy the platform from Dublin-based BetBright. Read more

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