CTech’s Sunday Roundup of Israeli Tech News


Teva execs topped TASE’s high earners list for 2018. With nearly $34 million added to the bank, Teva’s CEO Kåre Schultz was the highest earning executive on the Tel Aviv Stock Exchange last year. Read more


Teva CEO Kåre Schultz. Photo: Sivan Farage Teva CEO Kåre Schultz. Photo: Sivan Farage



Israeli fintech startups take on Israel’s central bank. Several players in Israel’s fintech ecosystem allege that the Bank of Israel is preventing access to data, hindering competition. Read more


Opinion | Spring cleaning rituals now include robots, potential surveillance. As the Passover holiday draws near, many Israelis are joining in annual spring cleaning rituals, with smart cleaning devices shouldering more of the load. Read more


From Plutarch to Beresheet: a short history of lunar exploration. An outline of the history of lunar exploration, from ancient times to this day and age, in honor of Israeli spacecraft Beresheet that crashed on the moon’s surface last week. Read more


FDA approves Teva’s generic nasal spray for opioid overdose. Commonly known as Narcan, the spray is considered a life-saving medication, and Teva’s drug is the first generic product approved that does not require medical training to use. Read more


Israeli boutique hotel chain to open $50-a-night capsule hotel. The company is hoping to launch the new hotel in May, just in time for the 2019 Eurovision song competition. Read more


Software monetization company Somoto considers pivot to medical cannabis, autotech. Somoto also intends to hand out an $18 million dividend to shareholders pending the completion of its $50 million acquisition deal, announced last week. Read more


Check Point’s first quarter: revenues slightly up, profit slightly down. The Nasdaq-listed network and cloud security provider published its first-quarter report for 2019 Thursday. Read more


Cannabis producer Cannbit raises almost $9 million in public offering. The Israeli company will now petition the Tel Aviv Stock Exchange to move from the maintenance list to the primary list. Read more


Medtech startup Theator raises $3 million. Theator uses computer vision and machine learning algorithms to help surgeons prepare for procedures by reviewing previous cases. Read more

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