CTech's Monday Roundup of Israeli Tech News
Insight Partners pays $125 million for a stake in gaming company Moon Active; Nearly half of Israeli Arab academics avoid applying for jobs at predominantly Jewish companies, research shows
Insight Partners pays $125 million for a stake in gaming company Moon Active. Earlier this month, Calcalist reported that the New York venture firm was negotiating for an 8%-10% stake in Moon Active according to a company valuation of approximately $1.2 billion. Read more
Nearly half of Israeli Arab academics avoid applying for jobs at predominantly Jewish companies, research shows. According to the study, conducted by The Hebrew University’s aChord Center, Arab candidates are afraid of encountering racism or failing to get the job for non-professional reasons as well as of the way working for a Jewish company may be perceived by their own community. Read more
Israel grants its citizens permission to visit Saudi Arabia. Geographically located just 25 kilometers away from one another, the two countries have no formal diplomatic relations, though unofficial ties have been warming up in recent years. Read more
Pro cycling team to pilot Israeli technologies ahead of 2020 Tour de France. Israel Cycling Academy chose Physimax and Biobeat to help maximize its athletes' performance ahead of the international tournament. Read more
Stoa raises $60 million in credit, $4 million in equity. The Tel Aviv-based startup develops a unified service for U.S. renovators, subcontractors, and buyers. Read more
German National soccer league acquires stake in sportstech startup MOVEZ. MOVEZ develops a mobile app that uses computer vision and artificial intelligence technologies to evaluate a user’s skills in sports that involve a ball. Read more
Payment automation startup Tipalti expands to Vancouver. The company expects to hire approximately 50 employees for its Vancouver office by the end of the year. Read more
Israeli drugstore chain Super-Pharm implements sensor-based shelf organization technology. Israeli retail-tech startup WiseShelf integrates light sensors and cameras to continually monitor store shelves and update retailers in real-time when organization or restocking are in order. Read more
Switzerland's national rail company SBB selects 5 Israeli startups for collaboration pilots. SBB will invest up to $200,000 in testing the technologies of Israeli startups FSight, HereO, Oriient, SoftRide, and TIBA. Read more
CyberArk to open a development center in Be’er Sheva. The new development center, set to open in April, will first employ a team of 20 people, but the company intends to expand to 100 employees in the future. Read more
