CTech's Tuesday Roundup of Israeli Tech News

CTech's Tuesday Roundup of Israeli Tech News

Matomy under pressure from shareholders, bondholders; Tel Aviv University partners with Chinese university on a new center for collaborative research

CTech  :  2018-12-04T19:35:08..
Following a plan to renegotiate bond terms, Matomy under pressure from shareholders, bondholders. On Wednesday, the company’s bondholders will meet to consider two action proposals, both of which may lead to Matomy declaring an event of default. Read more

Tel Aviv University partners with Chinese university on a new center for collaborative research. TAU and the Tsinghua Berkeley Shenzhen Institute (TBSI) unveiled their new center in Shenzhen Saturday. Read more

Shenzhen. Photo: Zuma Press Shenzhen. Photo: Zuma Press Shenzhen. Photo: Zuma Press

Fortissimo offloads remaining stake in industrial printer company Kornit. In 2011, the Israel-based private equity firm acquired a controlling stake in Kornit for $19 million, owning about 70% of the company at the time of its 2015 IPO. Read more

China’s TAL Education Group buys Codemonkey for $20 million. Tel Aviv-based Codemonkey develops game-like computer programming tutorials for kids. Read more

Israeli gut microbiome-analysis startup DayTwo sets up $5 million lab. Situated in the vicinity of the Weizmann Institute of Science and capable of processing over 100,000 feces samples a year, the new lab is scheduled to open in early 2019. Read more

Alternative protein startup InnovoPro raises $4.25 million. Innovopro develops a technology for extracting concentrated protein from chickpeas using sustainable energy. Read more

Israel’s Innovation Authority launches $7 million renewable energy pilot program. Read more

New fintech center launched at Hebrew University. Read more

Gastro treatment company RedHill announces a successful clinical trial in the treatment of H. pylori infection. Read more

Former AIPAC director appointed CEO of Israel Venture Network. Read more  
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