CTech's Monday Roundup of Israeli Tech News

Israeli medical cannabis export reform may be back on. Or not. Israel's anticipated medical cannabis export reform may be finally moving forward after a six-month deadlock caused by intra-ministerial squabbling. Read more

Symantec acquires cybersecurity startup Javelin Networks. This is Symantec’s third acquisition in Israel in less than a year and a half. The company bought cyber companies Skycure and Fireglass in July 2017. Read more 

Israel moves forward with plan to relocate military tech bases. A plan to relocate some of Israel’s biggest military technology bases to the country’s south has drawn the attention of multinationals seeking to tap local talent. Read more

New 100 billion euro EU innovation program may see U.K. and Israel out. The proposal for the new program limits much of its grants to companies registered in EU member countries only. Read more

Vonetize sale dropped following lawsuit alleging buyer is a fraud. A lawsuit filed in the U.S. alleges Desilu Studios, the intended buyer of the Israeli OTT company, has misled investors into believing it was the company behind Star Trek. Read more

ECI employees in Israel sign collective agreement with management. As part of the agreement, ECI will increase the components of the salary for which employees are entitled to social benefits by 20%, and award employees with one-time bonuses and salary adjustments. Read more

As capital flows and market matures, Israeli entrepreneurs dream big. While tech companies’ choose to stay private longer, a record number of privately held growth companies now call Israel home, some with a valuation topping $1 billion. Read more

News Briefs

Japan's Olympus Corporation backs Israeli medical company Medi-Tate. Read more

Hyundai backs artificial intelligence startup Allegro.AI. Read more

Teva up on NYSE following Morgan Stanley stock recommendation upgrade. Read more

Smart grid predictive analytics startup Grid4C raises $5 million. Read more

Smart traffic startup NoTraffic raises $3.2 million seed investment. Read more