Israeli companies are benefiting from the increasing demand in Asia for financial technology. Israeli exhibitors at the Hong Kong FinTech Week conference included AU10TIX (see here), and ThetaRay (see here). https://www.cnbc.com/2018/11/06/israel-tech-companies-see-fintech-opportunities-in-asia.html

US cybersecurity giant Symantec Corp has made its third Israeli cybersecurity acquisition in a year, adding Javelin Networks to its recent purchases of Israel’s Skycure ($275 million) and Fireglass ($250 million). Javelin now plans to double the size of its … Continue reading →

Israeli startup Sweet Inn uses “TravelTech” to offer its clientele an innovative and hassle-free vacation experience. It offers guests airport transfer, grocery and breakfast delivery, a personal chef, romantic surprises, housekeeping, wifi hotspots and more. http://www.jewishpress.com/addendum/sponsored-posts/sweet-inn-revolutionizes-apartment-hotel-concept-through-cutting-edge-technology-for-guests/2018/11/12/ https://www.sweetinn.com/ https://www.youtube.com/watch?v=WDbrS5SyUS4

UK image products giant Vitec Group has acquired its Israeli chipmaker supplier Amimon in a $55 million cash deal. Vitec’s CEO said, “Amimon is the technology of choice for wireless equipment used in the cine market” and Vitec will integrate … Continue reading →

In contrast to recent big takeovers of Israeli companies, Israeli cybersecurity company ForeScout has just bought US-Netherlands security company SecurityMatters for $113 million.  SecurityMatters provides extended enterprise operational technology (OT) network protection. https://en.globes.co.il/en/article-israeli-us-co-forescout-technologies-makes-113m-acquisition-1001260284

Hyundai Motors has made a strategic investment in Israeli computer vision deep learning startup allegro.ai that will allow more rapid deployment of Artificial Intelligent technology in many business areas and improve the quality of Hyundai’s products. https://en.globes.co.il/en/article-hyundai-invests-in-israeli-deep-learning-co-allegroai-1001259284

Israel’s Krausz Industries have been connecting and repairing water pipes for about 90 years with millions of installations globally. Krausz has just been acquired by Atlanta’s Mueller Water Products for $140 million. http://krausz.com/repair/ https://www.youtube.com/watch?v=0COPOMGG6lw

I’ve reported previously (see here) on co-working office space company WeWork, co-founded by Israel’s Adam Neumann. WeWork has just received a $3 billion investment from SoftBank which takes the value of WeWork to a massive $42 billion (up from $20 … Continue reading →