February 26, 2014
The term “blind as a bat” is not only wrong, it is a complete contradiction, since few creatures see as well as bats. Their use of both sound and vision to locate objects gives them a wide advantage over other nocturnal flying predators.
March 5, 2014 | The Stanford Institute for Economic Policy Research (SIEPR) has announced the third biennial prize for lifetime contributions to economic policy. This year’s winner of the SIEPR Prize for Contributions to Economic Policy is Stanley Fischer. Fischer is the former Governor of the Bank of Israel and awaiting confirmation as the Vice Chairman of the Federal Reserve.
March 5, 2014 | UpWest Labs, the accelerator for Israeli companies in the Silicon Valley, has announced a new program to empower female Israeli entrepreneurs. The program is financed by Google for Entrepreneurs, as part of its $1 million “#40Forward: 40 startup communities rethinking the gender gap” initiative.
March 5, 2014 | Israeli drug development company BiolineRX is planning a secondary offering on Nasdaq, in an attempt to raise $21 million. The company will use the proceeds for a Phase II clinical trial of its leukemia treatment and a Phase I clinical trial of its celiac disease treatment.
March 4, 2014 | Newly-established WBP Venture Partners has its eyes set on the Far East. The fund, established by US, Chinese and Israeli businessmen, will raise $50 million to be invested in Israeli high-tech companies that want to conduct their business in China.
March 3, 2014 | Israeli company Varonis Systems, which develops security solutions for the enterprise sector, has raised $106 million in an IPO held on Nasdaq. While the IPO was held at a company value of $524 million, the company almost doubled in value the same day, crossing the $1 billion mark.
March 3, 2014 | Israeli startup Replay Technologies, which offers a service called FreeD for full 3D real-time replays for sporting events, has announced that it has raised $9 million in a Series B financing round. TheMarker reports that the round was led by Guggenheim Partners. Most recently, the company presented its technology at the 2014 NBA All-Star game held last month.
March 3, 2014 | Israeli company Pango, which operates a smartphone-based service for paid parking, has raised $6.5 million in a financing round. The round was led by Bearing Capital with participation from existing shareholders. The app is available in Israel and several cities in the US.
March 3, 2014 | Israeli cyber security startup Titanium Core has won the first Jerusalem Venture Partners (JVP) Cybertition – a contest for startups in the cyber-security sector. The competition took place at the RSA conference in San Francisco. The winner will receive $1 million in investment money and a place in the JVP Cyber Labs in Beersheba.
February 26, 2014 | Israeli app CamMe, which enables users to take pictures of themselves without touching their smartphones, has won the prestigious “Most Innovative Mobile App” award at the Mobile World Congress. The app was developed by PointGrab, which specializes in gesture recognition, and enables users to use gestures to take selfies, while the actual smartphone is up to 16 feet away.
February 26, 2014 | Israeli cyber security companies have won no less than 11 awards at the RSA Security Conference being held this week in San Francisco. Times of Israeli reports that Israeli companies won awards in categories such as “Awesome Product of the Year,” “Products and Services Excellence,” “Database Security,” and “Tomorrow’s Technology Today,” among others.
February 26, 2014 | Israeli startup Cell Buddy, which developed a SIM card for flat-rate data charges abroad, has won first place at the Four Years From Now event, part of the Mobile World Congress. Cell Buddy was the only Israeli company out of 10 finalists. The company will receive thousands of euros worth of free services to help promote the startup’s activity.
February 26, 2014 | Israeli company Chosen.fm, which developed a streaming video app for the performing arts, has closed its Series A financing round, raising several hundred thousand dollars. The round was led by Rhodium Ventures and Helicon Records.
February 26, 2014 | Israeli company Wibbitz, the text-to-video startup that developed an app to automatically generate narrated videos from various text inputs, has won Best Mobile Publishing Product or Service at the Mobile World Congress in Barcelona. The announcement was made by the GSMA, which selected this year’s winners of the Annual Mobile Global Awards.
February 26, 2014 | Israeli company Andromeda Biotech, which develops treatments for diabetes, will be acquired by an unnamed American pharmaceutical company for several million dollars. However, Clal Biotechnology Industries, the current owner of Andromeda, could receive hundreds of millions of dollars in future payments, providing Andromeda meets development, registration, and sales milestones.
February 25, 2014 | The world’s largest mobile technology event, the Mobile World Congress, is on its way in Barcelona. Among the thousands of companies presenting, there are roughly 200 Israeli telecom and mobile app companies. The congress opened yesterday and will end this Thursday.
February 25, 2014 | Veteran Israeli software company Magic Enterprises is preparing to raise $30-40 million on Nasdaq. “Globes” reports that company executives are currently holding a roadshow for potential investors in the US. The company has been publically traded in the US since 1991 and currently has a market cap of 324 million.
February 25, 2014 | Israeli startup company SimilarGroup has announced the closing of a Series C financing round, raising several tens of millions of dollars (the exact about was not disclosed). The funds were raised from South African media company Naspers.
February 25, 2014 | New Canadian investment fund Disruptive Tech Capital, has raised $25 million to invest in Israeli startups. The fund will invest in 5-15 companies, using a unique investment model. Each company will receive sums starting at $250,000, according to company needs.
February 25, 2014 | Israeli company 6Scan, which develops website security solutions for small businesses, has announced the closing of a Series A financing round. One of the investors was Gregor Freund, founder of Zone Labs, which was acquired by Check Point Software in 2004. The amount raised was not disclosed.
February 25, 2014 | According to the Israeli National Cyber Bureau (INCB), Israeli companies from the cyber sector have raised a total of $165 million in 2013. According to INCB director, Dr. Eviatar Matania, this figure accounts for 11 percent of all capital raised globally by cyber companies.
February 24, 2014 | Israeli startup Magisto, which developed an app that automatically created video clips from images and video input, has raised $2 million from Mail.ru. Following the investment, Mail.ru will integrate Magisto’s technology into its social network Odnoklassniki. Magisto has raised $20.5 million to date.
February 24, 2014 | Israeli startup Samba, which developed a reactive video messaging app, has announced the closing of a seed financing round, raising $630,000. The company developed an app (which was recently launched for iOS) for video messaging, which automatically records the recipient’s reaction and sends it back to the sender.
February 24, 2014 | Israeli company Real Imaging, which develops breast cancer diagnostics technologies, has raised several million dollars from Chinese firm China Everbright Investment Management. This is the company’s first financing round and the first investment in an Israeli company made by Everbright.
February 20, 2014 | The Buchmann Faculty of Law at Tel Aviv University ranks #31 among 500 law faculties around the world, and #1 in scientific research impact and citations outside of the United States and United Kingdom, according to QS 2013 annual rankings, a key indicator in estimating the quality of academic institutions around the world.
February 20, 2014 | International hardware giant Intel has chosen Israeli company N-Trig to take part in the development of its new education-focused tablet. N-Trig will develop the tablet’s touchscreen and ultra-accurate stylus pen. The tablet will be used to improve children’s writing skills, science and math, art and music.
February 20, 2014 | Helen Clark, Administrator of the United Nations Development Programme (UNDP), has begun her first visit to Israel and participated in the ID2 – Israeli Designed International Development, the young entrepreneurs’ conference. During her visit to the conference, Clark showed great interest in many of the new innovations that were presented. She was particularly excited by the innovation of glow in the dark plants to replace the electric light bulb.
February 20, 2014 | Israeli company Varonis Systems, which develops software platforms to analyze unstructured data, has filed with the SEC to hold an IPO on Nasdaq. The company will attempt to raise $91 million at a company value of $405-453 million, after money.
February 19, 2014 | Israeli-American 3D printing giant Stratasys has announced that it has been awarded the Leadership in Engineering award for Digital Manufacturing by Design World Magazine. Chosen by the publication’s readers, the Leadership in Engineering award is an industry recognition program designed to acknowledge engineering leadership across several disciplines.
February 19, 2014 | Israeli company Neuronix, which developed an innovative treatment for Alzheimer’s disease, has raised $5.5 million from a private investor. Neuronix’s treatment is a combination of magnetic stimulation of the brain and cognitive training.
February 19, 2014 | Israeli startup FireLayers, which develops cyber-security solutions for cloud IT, has exited stealth mode and announced the closing of a financing round, raising several million dollars (the exact amount was not disclosed). The company, founded last year, received the investment from its co-founders CEO Yair Grindlinger and president Doron Elgressy, and YL Ventures.
February 19, 2014 | Israeli medical device company Ornim Medical, which developed CerOx, the only noninvasive cerebral oxygenation monitoring device on the market, has raised $10 million. The funds were the second half of a financing round, that were given to Ornim after it met all of the milestones set in the first half of the financing round in 2012.
February 19, 2014 | Israeli startup BorderFree, which supplies foreign currency and translation services for US-based ecommerce websites, has filed for an IPO on Nasdaq. The company will attempt to raise $86 million at a company value of $500-600 million.
February 18, 2014 | Hebrew University of Jerusalem doctoral student Yossi Kabessa has brought home the top prize from the Global Young Scientists Summit in Singapore. Kabessa’s winning proposal was for the use of biosensors based on genetically engineered bacteria to monitor the presence of pollutants and hazardous materials in the water supply system of large urban areas. Kabessa returned to Israel with the Singapore Challenge gold medallion and a $100,000 cash prize.
February 18, 2014 | Israeli startup Cartcrunch, which develops apps for grocery price-comparisons between different supermarkets in the US, has raised $1.2 million in Series B financing. According to a report on “GeekTime,” Plus Ventures Lionbird and MicroAngel Fund participated in the round, alongside private investors.
February 18, 2014 | Ben Gurion University has announced that it has received a gift of $13,106,700 from the Jack, Joseph and Morton Mandel Foundation in Cleveland, Ohio. The gift is comprised of a capital grant of $10 million to construct a new building – the Jack, Joseph and Morton Mandel Institute for Social Leadership and An additional $3,106,700 for the Jack, Joseph and Morton Mandel Honors Program in Social Leadership.
February 18, 2014 | British-Israeli startup Pacific Interactive, which developed the House of Fun Facebook slot-machine game, has been acquired by American gambling giant Caesars. While the amount changing hands was not disclosed, “Calcalist” estimates that it is between $80 million and $90 million in milestone payments.
February 18, 2014 | Israeli startup Keepgo, which enables users to save on cellular data rates when travelling overseas, has announced the closing of a Series A financing round, raising $1.3 million. The financing round was led by IMI.vc and AltaIR. Keepgo offers a SIM card that enables users to use cellular internet while abroad, by paying a flat-rate.
February 18, 2014 | Israeli company LabStyle Innovations, which developed Dario, a smartphone-based glucometer, has announced that it has raised $4.19 million in a private placement. After the placement agent fees and estimated offering expenses payable by the company, LabStyle expects to receive net proceeds of approximately $3.79 million.
February 18, 2014 | In a recent report released by Twitter for Valentine’s Day, which took place last Friday, Israel was ranked number 1 in the amount of “I Love Yous” tweeted by users. 2013 saw 481 million such tweets in 116 languages. Israel is followed by Sweden, Norway and Spain.
February 17, 2014 | Israeli startup SlickLogin, which develops security measures for logging in to accounts using additional cellphone verification, has announced that it has been acquired by internet giant Google. Although financial information has not been disclosed, “Globes” reports that the acquisition is on an “acqui-hiring” basis, in other words buying the staff and know-how with possibly an additional very small acquisition fee.
February 17, 2014 | Israeli company PhotoMedex, which develops treatments for dermatologic conditions, has announced the acquisition of American company LCA-Vision, a laser vision treatment company. PhotoMedex paid $106.4 million for LCA-Vision.
February 17, 2014 | Israeli company Lumenis, which develops cosmetic medical devices, will hold an offering on Nasdaq in an attempt to raise $100 million. The company develops medical lasers for use in the surgical, ophthalmology and aesthetic markets. Lumenis is a publically traded company and was listed on Nasdaq until 2005, when it was delisted.
February 14, 2014 | International VoIP company Viber, which was founded by four Israelis, has announced that it has been acquired by Japanese ecommerce giant Rakuten. After reportedly rejecting offers of up to $500M, the final price tag for Viber, which has approx. 300 million users, is $900M. Viber operates out of Cyprus, with offices in Israel.
February 13, 2014 | Israeli startup AppsFlyer, a leading mobile app tracking and campaign measurement platform, has recieved the “thumbs-up” from Facebook. The international social network giant has recently sent out an email to its advertisers, suggesting that they use the Israeli startup’s services for mobile app ad measurement needs.
February 13, 2014 | Israeli irrigation controller manufacturer Galcon has announced the acquisition of American company Cyber Rain, which develops weather-based smart irrigation systems. The company did not disclose the amount changing hands.
February 13, 2014 | Israeli company Payoneer, which offers chargeable credit cards and other payment services, is set to hold a $150 million IPO on Nasdaq. According to “Calcalist,” the IPO will be held in the second half of 2014 at a company value of $700 million.
February 12, 2014 | Israeli startup Yevvo, which developed an app for microbroadcasting, has announced the closing of its first financing round, raising $3.7M. The financing round was led by relatively new Israeli VC Aleph.
February 12, 2014 | Israeli biomed startup Bio-Sep, which develops technology to magnetically separate rare blood cells, has announced the closing of its first round of financing, raising $5.3 million. The final $2 million investment was made by private investment fund BRM.
February 12, 2014 | Israeli company NICE Systems, which develops software for businesses, has announced that it was named as one of the “World’s 50 Most Innovative Companies” in 2014 by Fast Company magazine. This places NICE among leading businesses like Google, Amazon, Airbnb, and Nike. In addition, NICE ranked first in the magazine’s “Top 10″ innovators in finance.