Israeli-founded, NY-based company makes first acquisition with MetroMile, a San Francisco outfit that leverages AI for personalized insurance policies

Company sets sights on $800b global vehicle insurance market with new service that will leverage telematics to set affordable rates

Japanese giant SoftBank, which injected billions in WeWork, is also an investor in Lemonade, founded by Israeli entrepreneurs Shai Wininger and Daniel Schreiber

Calcalist website says firm founded by Israeli entrepreneurs Shai Wininger and Daniel Schreiber will seek to raise more than $500 million to expand operations