CTech's Tuesday Roundup of Israeli Tech News

Baring Private Equity signs MoU for $1.2 billion Lumenis acquisition deal; Gett shuts down Juno, announces collaboration with Lyft

CTech 14:3919.11.19

Baring Private Equity signs MoU for $1.2 billion Lumenis acquisition deal. The deal is expected to be completed in early 2020. Read more

 

Gett shuts down Juno, announces collaboration with Lyft. Gett acquired New York-based Juno in 2017 for $200 million, but repeated reports of Gett’s attempt to sell it due to high expenses have been popping up since 2018. Read more

 

Gett CEO Dave Waiser. Photo: PR Gett CEO Dave Waiser. Photo: PR

Kape Technologies buys online privacy company LTMI for $128 million. Kape, whose controlling shareholder is businessman Teddy Sagi, is a cybersecurity company developing online security, privacy, and autonomy products. Read more

 

Microsoft, Citi back online lender BlueVine again in $102.5 million round. Redwood City, California-based BlueVine offers capital financing to small and medium-sized businesses. Read more

 

Wages predict career advancement expectations, new data shows. Almost 30% of Israelis who make over $4,000 a month consider promotion possible, while only 11% of those who earn less than $1,700 do. Read more

 

Microsoft chairman backs network security startup CyCognito in $18 million round. CyCognito develops a cloud-based network security analysis service that acts as a sophisticated attacker simulator, designed to uncover an organizational security weaknesses. Read more

 

Rafael to provide German military with anti-tank missiles. The missiles and launchers will be manufactured by local companies in Germany. Read more

 

Video analyzing startup Viisights raises $10 million. Viisights develops a video intelligence service that analyzes and manage video content for specific advertising campaigns, and also analyzes real-time footage from security cameras. Read more

 

New York state attorney general investigating WeWork, report says. The investigation will look into allegations that co-founder and former CEO Adam Neumann benefitted from self-dealing, according to Reuters. Read more

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