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CTech's Thursday Roundup of Israeli Tech News

CTech's Thursday Roundup of Israeli Tech News

Facebook buys Israeli messaging company Redkix in $100 million deal. Analysis: Netanyahu may have to choose between Trump and China

CTech  :  2018-07-26T17:51:57..
Facebook buys Israeli messaging company Redkix in $100 million deal. Redkix developed an email-integrated instant messaging app for businesses. The company is set to join the team of Facebook’s Workplace. Read more

 

Mark Zuckerberg. Photo: AP Mark Zuckerberg. Photo: AP Mark Zuckerberg. Photo: AP

Analysis: Netanyahu may have to choose between Trump and China. New official data shows that Israeli exports to China reached $2.8 billion in the first half of 2018, a 73% increase compared to last year. The U.S. may eventually look at growing ties between the two countries as undermining White House efforts to curb Beijing’s influence. Read more

 

Former soccer referee opens Israeli sports tech innovation center. On Wednesday, veteran entrepreneur and former Israeli soccer referee Oren Simanian launched his newest venture, an international sports tech innovation center intended to put Israeli sports tech on the global map by 2020. Read more

 

Mobile phone urine testing kit receives FDA approval. Developed by Tel Aviv-based Healthy.io, the technology uses computer vision algorithms, artificial intelligence, and a smartphone’s built-in camera to run lab-standard urine tests. Read more

 

Upserve acquires inventory management company SimpleOrder. Tel Aviv-based SimpleOrder develops a system that helps restaurants manage their inventory of perishables, detect changing prices in real time, and automatically calculate the actual cost of dishes. Read more

 

News Briefs

Surveillance company Ability looking to raise up to $50 million in shelf offering. Read more

 

Check Point reports higher revenues, doubles share buyback plan. Read more

 

El Al drops supreme court petition against Air India. Read more

 

Indorama Ventures completes acquisition of fabric company Avgol. Read more

 

Weakness in the mobile sector drags down Tower Semiconductor’s quarterly profits. Read more

 

Israeli, Croatian companies partner to build autonomous robots for high-risk environments.

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