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CTech’s Tuesday Roundup of Israeli Tech News

CTech’s Tuesday Roundup of Israeli Tech News

India’s Flipkart to Acquire Israeli Retail Analytics Startup Upstream Commerce. Former Israeli prime minister Ehud Barak appointed as chairman of cannabis firm

CTech | 16:27  25.09.2018
India’s Flipkart to Acquire Israeli Retail Analytics Startup Upstream Commerce. Financial terms of the deal were not disclosed, but one person familiar with the matter valued the deal at $40 million to $50 million. Read more

Former Israeli prime minister Ehud Barak appointed as chairman of cannabis firm. Barak has been active in the Israeli tech scene since his formal retirement of political life in 2012. Read more

Flipkart founders Binny Bansal (left) and Sachin Bansal. Photo: Flipkart Flipkart founders Binny Bansal (left) and Sachin Bansal. Photo: Flipkart Flipkart founders Binny Bansal (left) and Sachin Bansal. Photo: Flipkart

Analysis | Medtronic has some rosy expectations for Mazor’s new surgical robots. On Thursday, Medtronic announced it will shell out $1.34 billion in cash for Israel-based surgical robotics company Mazor Robotics Ltd. The deal is valued at $1.64 including Medtronic's existing 11.3% stake in the company, making for the largest acquisition of an Israeli medical technology company to date. Read more

Spacecom terminates SpaceX satellite launch deal. The Israeli satellite operator is set to contract Israeli IAI to build its next satellite. Read more

Medtech company TransEnterix acquires assets of Israeli MST. The cash and stock deal is worth over $30 million at TransEnterix's current stock price. Read more 

Oracle acquires Tel Aviv-based user training startup Iridize. Oracle intends to use Iridize’s technology to increase the adoption of its cloud applications. Read more 

Blumberg Capital expands its team in Israel. The San-Francisco venture capital firm tapped Israeli investor and two former members of the Israeli Intelligence community to join its Tel Aviv office. Read more

Express Jerusalem-Tel Aviv train only goes halfway. 17 years in the making, the new train route launched Tuesday only gets as far as Ben Gurion International Airport, 19 kilometers southeast of Tel Aviv. Read more

News Briefs

Business intelligence startup Sisense opens Europe headquarters in London. Read more

Accel leads $22 million round for open source vulnerabilities hunter Snyk. Read more 
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