November 28, 2013 Comments
When developing another product, the team at Israeli startup Token Labs stumbled upon the need for a drag-and-drop printing service – so they developed Printhug. The company’s service enables you to mark a Dropbox folder as the destination for photos to be automatically printed and shipped to you.
December 5, 2013 | Israeli startup Takipi, which develops cloud-based solutions for programmers, has raised $4.5 million in a financing round led by Menlo Ventures. Takipi was founded by Tal Weiss and Iris Shoor, who previously founded VisualTao, a startup that was acquired by Autodesk for $20-$30 million in 2009.
December 5, 2013 | Israeli startup Carambola, which develops technology that semantically analyses video content and offers the user related content, has raised $4 million. The financing round was led by Pitango Venture Capital, with participation from existing investors.
December 5, 2013 | Newly-founded Israeli VC Aleph is raising $14 million for a side-fund dubbed “Aleph Aleph.” “Calcalist” reports that the funds were raised from American and Israeli private investors. This brings the total sum raised by Aleph to $154 million.
December 4, 2013 | French Minister of Agriculture, Mr Stephane Le Foll, has awarded the Ordre National du Mérite Agricole (National Order of Agricultural Merit) to Israeli Professor Pedro Berliner, Director of BGU’s Jacob Blaustein Institutes for Desert Research, for his “outstanding contribution to agriculture.” Israeli Winemaker Eli Ben-Zaken was also honored at the same ceremony.
December 4, 2013 | Israeli biomed company CollPlant, which develops various collagen products for the pharmaceutical industry, has announced the signing of a memorandum of understanding with an unnamed US-based company. According to the agreement, CollPlant will receive a total of $6 million for selling the rights to use their collagen production technology for the cosmetics industry.
December 4, 2013 | Israeli VoIP service provider Jajah, which was acquired by Spanish telecommunications giant Telefonica in 2009, is shutting down. The company, acquired for $207 million, will continue to offer its services to its existing costumer through January 2014, but will not be accepting any new users.
December 4, 2013 | App search engine developer Quixey, which was founded by Israelis in California, is opening offices in Tel Aviv. Company founder and CEO Tomer Kagan is currently in Israel looking at possible candidates to man the Tel Aviv branch. The company plans to hire up to 20 employees and will open the offices by the end of 2014.
December 2, 2013 | The Israel Corporation has won a tender to build and operate a 590-megawatt power plant in Peru. The project, estimated at $1 billion, will be carried out by IC Power, the corporation’s electricity arm.
December 2, 2013 | Israeli companies myThings, Trusteer and MyHeirtage were ranked on Deloitte’s EMEA Fast 500 top 10. The highest ranked company was myThings, which was ranked second and specializes in retargeted advertising. Trusteer (recently acquired by IBM) was ranked fifth and MyHeritage closed the list at number 10.
December 2, 2013 | Israeli antennae manufacturer Galtronics has raised $47 million on a public offering held on the Canadian stock exchange. The company is valued at $142 million after the offering. Galtronics supplies antennas to companies such as Samsung, Motorola, AT&T, Cisco and Verizon.
November 28, 2013 | Ben Gurion University Researcher Doctor Niv Papo was awarded the Young Investigator Award by the Prostate Cancer Foundation recently. Papo, a molecular biologist, is also a recipient of a European Research Council (ERC) grant last month, Europe’s most prestigious scientific grant.
November 28, 2013 | A member of investment group Lightspeed Venture Partners told “Globes” that content recommendation platform Outbrain will hold an IPO within 18 months. The statement was given in an interview to the Israeli financial publication by founding partner Ravi Mhatre.
November 27, 2013 | Israeli startup Jifiti, which developed an online gift card app, has raised an additional $1 million in seed financing. The company has already raised $2.5 million last July. The round was led by Jesselson. The company allows users to buy a general gift and then enables the recipient to personalize them.
November 27, 2013 | Israeli startup Extreme Reality, which develops technology for 3D recognition using simple cameras, has raised $10 million in Series D financing. Half of the financing came from Marker LLC and the other half from an unnamed strategic partner.
November 27, 2013 | Broadcom Foundation has donated hundreds of thousands of dollars to establish a cyber-security research program in Tel Aviv University. The program, spanning two years, will focus on developing cyber security solutions for secure interaction between people and their digital environment.
November 26, 2013 | Israeli company Celeno, which provides high performance Wi-Fi chips and software for HD multimedia and entertainment home networking applications, has announced that it has been named a Red Herring Top 100 Global Winner for 2013. The annual award recognizes the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries.
November 26, 2013 | CRN magazine, one of the leading advertising mediums for the IT industry, has named Israeli company Covertix‘s product SmartCipher Enterprise 3.0 as security product of the year. SmartCipher is a security product that enables tracking of certain files or folders regardless of where they were accessed from.
November 26, 2013 | Israeli biomed company MediWound, which develops advanced treatments for wounds and burns, is planning to hold an IPO on Nasdaq. “Calcalist” reports that the company is planning to hold the offering at a company value of $500 million and will offer shares worth $100 million. The IPO is set to take place in Q2, 2014.
November 26, 2013 | Ramot, Tel Aviv University’s technology transfer branch, has raised $17 million from international flash memory giant SanDisk and Indian automotive corporation Tata. The funds will go towards Ramot’s Technology Innovation Momentum Fund, which will focus on innovative technology in a variety of fields.
November 25, 2013 | Israeli big data analytics company SiSense has won the $250,000 prize from the Take the HELM Competition by the NYC Economic Development Corporation (NYCEDC). The company came in first out of 300 applicants.
November 25, 2013 | Has failed Israeli electric car venture Better Place finally found a new owner? Israeli startup Gnrgy, which develops electrical infrastructure, has bought the company for $450,000. There were already two attempts to buy Better Place, once valued at $2.25 billion, for around $11 million, but both attempts fell through.
November 25, 2013 | hiCenter, a subsidiary of Haifa Economic Corporation and a part of the Office of the Chief Scientist’s Technological Incubators Program, has announced an investment in four Israeli startups. The investment, totaling at NIS 10 million, was made in three companies in the new media, mobile, and Internet sectors, and one in the medical devices sector.
November 25, 2013 | Eldad Farkash, CTO and Co-Founder at SiSense, has won top prize at the World Technology Awards gala in New York City. The award was given in the IT Software (Individual) category for achieving significant lasting progress with the invention of In-Chip big data analytics technology. SiSense is an Israeli company which develops big data analytics technology.
It has just been confirmed that Apple has acquired Israeli startup PrimeSense for $345 million.
PrimeSense is the motion-tracking company responsible for the technology in the original Xbox 360 Kinect. Rumors of the possible purchase, first reported last Sunday by Israeli news site Calcalist, began back in mid-July, although the price tag was then said to be some $60M less than the amount currently reported. The exit is a coup for the company that seemed to be headed straight for the wall only a year and a half ago. At the time, the Israeli startup’s sponsor Microsoft announced that it would not be renewing its contract with PrimeSense.
November 21, 2013 | Israeli-American startup Loop Commerce, which enables giving gifts personalized by the receiver, has raised $7.2 million. The company allows users to select a general gift, such as a piece of clothing for instance, and then lets the recipient personalize it according to their liking.
November 21, 2013 | The Israeli team participating in PayPal’s Battle Hack Series, the first hackathon in what hopes of becoming an annual event, came in second. The app the team developed is called RunPal and it basically encourages people to go out running.
November 21, 2013 | The Technion‘s first online course in the Arabic language, Professor Hossam Haick’s course about nanotechnology and nanosensors, is generating a lot of buzz in Arab countries – even before it began. The course, available online through Coursera, has 5,595 Egyptian students, 1,865 Kuwaiti students, 1,243 Syrian students and 1,243 Saudi students.
November 21, 2013 | Israeli cyber security company Comilion, has raised $2.6 million from key players in the Israeli cyber scene. “Calcalist” reports that among the investors are Checkpoint founder Shlomo Kramer and Trusteer founder Mickey Boodaei.
November 21, 2013 | Investment group Genesis Angels, which has been operating in Israel under the name Team Singular for just over six months, has invested $34.5 million in Israeli startups. The fund is backed by Kazakh businessman Kenges Rakishev and also includes Mobli founder Moshe Hogeg.
November 21, 2013 | Israeli IT security company CyberArk is planning an Initial Public Offering on Wall Street in the first half of 2014. Sources inform ”Globes” that the company will attempt to raise $100-150 million at a company value of at least $500 million, before money.
November 20, 2013 | Israeli telecommunications infrastructure provider Ceragon is planning to hold a public offering on Nasdaq, in an attempt to raise $35 million. The company in undergoing an optimization process, which will unfortunately also see 200 of its employees fired.
November 20, 2013 | Israeli company RADCOM, a leading Service Assurance provider, has announced that it received new orders amounting to $3.6 million with a tier 1 operator in Asia. This is an expansion of an existing deployment with this operator.
November 12, 2013 | Israeli plant genomics company Evogene, which develops genetically enhanced seeds for better crop performance, has announced the terms for its public offering to be held on the New York Stock Exchange (NYSE) today. The company will offer 5 million shares $17.16, with the aim of raising $86 million.
Israeli-developed exoskeleton ReWalk, which enables paraplegics to walk, was listed on TIME magazine’s “25 Best Inventions of the Year 2013.” ReWalk is a device that uses advance sensors and robotics to help people who are wheelchair-bound walk again and even climb stairs. It is commercially available in Europe and is currently being reviewed by the FDA.
Israeli company SimpliVity, which develops IT infrastructure platforms, has announced the closing of a Series C financing round, raising $58 million. The round was co-ld by Kleiner Perkins Caufield & Byers Growth and DFJ Growth, with participation from existing investors. The company has raised $101 million to date.
November 19, 2013 | Israeli startup Zula, which develops a platform for cloud-based conference calls, has announced that it has raised additional funds in a second seed financing round. The funds were raised from Microsoft Ventures. Though the sum raised was not disclosed, Microsoft Ventures usually invests up to $250,000.
November 19, 2013 | Israeli startup N-Trig, which develops touchscreen technology, has completed a financing round, raising $4.5 million. The funds were invested by 12 different investors. The company has raised $99 million to date.
November 19, 2013 | International IT giant EMC will set up a seventh R&D center in Israel, which will open in the city of Haifa next year. EMC‘s Chairman and CEO Joe Tucci met with Israeli Prime Minister Netanyahu yesterday and told him of the new center. Tucci also agreed to join the cyber initiative, led by the Israeli government, the municipality of Be’er Sheva and Ben Gurion University of the Negev.
November 18, 2013 | Israel was ranked second on the GDI (Global Dynamism Index) in the category of science and technology. The index, which was compiled by Grant Thornton, rates the economies of the world in the fields of business and environmental growth. “Dynamism” is defined as a function of the country’s economic strength and the ability of new business to develop in it.
November 18, 2013 | Israeli company TaKaDu, which develops systems for monitoring and optimizing water infrastructures, has announced the winning of an extension tender with Spanish water utility, Udal Sareak. The utility provides water supply services to a number of municipalities in Bilbao and the Basque Country. In October 2012, it rolled out TaKaDu’s solution. Following a one-year contract which proved TaKaDu’s value, the utility management has decided to continue using TaKaDu’s solution for the long-term.
November 18, 2013 | Israeli startup Compass-EOS, which develops wireless routers, has raised an additional $42 million in funding. Existing investors Pitango, Comcast Ventures, Cisco, Northbridge Venture, Benchmark Capital Partners and Marker LLC participated in the round, alongside a US-based private investment fund, a private investor and the Russian Government’s RUSNANO. This latest round brings the total of capital raised by Compass-EOS to $160 million, a record for total funds raised by an Israeli startup.
Apple has reportedly acquired PrimeSense, the motion-tracking company responsible for the technology in the original Xbox 360 Kinect, in a deal said to be worth around $345m. Rumors of the possible purchase, first reported on Sunday morning by Israeli news site Calcalist, began back in mid-July, although the price tag was then said to be some $60M less than the amount currently reported. The exit is a coup for the company who seemed to be headed straight for the wall only a year and a half ago. At the time, the Israeli startup’s sponsor Microsoft announced that it would not be renewing its contract with PrimeSense.
The Children’s Hospital of Philadelphia CEO Steven M. Altschuler, Drexel University President John A. Fry, and Hebrew University of Jerusalem President Menahem Ben-Sasson signed a research agreement this week. The research partnership is designed to focus on pediatric translational research and to develop a collaborative platform for advancing pediatric medicine from the lab to the bedside. The Hebrew University of Jerusalem hosted the signing ceremony.
Although Israeli scientists have been part of the European Organization for Nuclear Research (CERN) for a while, they were still legal issues preventing them to be considered full members. CERN’s protocol states that in order to be considered full members, scientists must be given diplomatic rights by their respective countries, as to prevent government intervention in their studies. Following a vote at the Knesset, a bill that will give the scientists diplomatic immunity and an exemption from income tax was passed.
November 13, 2013 | LapSpace Medical, an Israeli company developing a balloon retractor for laparoscopic surgery, has announced the closing of an investment round, raising over $1 million. The investment round was led by Trendlines and the Chief Scientist of Israel. LapSpace is a portfolio company of Trendlines Medical (Misgav).
November 13, 2013 | Israeli medical device company IceCure, which develops minimally invasive technology that uses extreme cold to destroy tumors, has reported success in a lung cancer clinical trial. The trial was held at Kameda Medical Center in Japan, where two lung cancer patients were successfully treated with the company’s IceSense3 cryotherapy system.
IceCure president and CEO Hezi Himelfarb said, “We’re pleased at the success in destroying lung cancer tumors because use of our cryoablation platform could open to us a potential market of hundreds of thousands of new cases in the US alone. Treatment with IceCure’s system, which is a minimally invasive procedure, has clear advantages over complicated and expensive surgical solutions for excising tumors, which involve hospital stays, surgery, and prolonged recovery.”
After the trial is completed and the results are analyzed, IceCure will examine the extent of its involvement in the treatment of lung cancer by cryoablation.
November 12, 2013 | IT security company Checkmarx has closed an $8 million financing round. Sources inform ”Globes” that the round was led by a private equity fund, and may have included the companies previous investors XT Investments (formerly Ofer Hi-Tech) and strategic investor Salesforce.com.
November 12, 2013 | The Hebrew University of Jerusalem is one of 11 universities, medical centers and research institutes in seven countries participating in ncRNAPain, a new European research project that aims at further exploring the biological mechanisms underlying chronic pain.
The Hebrew University is the only Israeli institution involved in this 6-million euro European Commission-funded project. The other countries represented are Austria, the Czech Republic, France, Germany, Denmark and the United Kingdom.
November 12, 2013 | Israeli medical device company Sensible Medical Innovations has raised $20 million in a financing round led by Boston Scientific Corporation. Sensible develops a non-invasive thoracic fluid status monitor, and will use the proceeds for the global commercialization of its product.
November 12, 2013 | Israeli company Vaxil BioTherapeutics, which develops vaccines for cancer and other diseases, has received a €104,000 grant from the EU. The grant was given by the Aditec consortium, which supports the development of advanced vaccine technology.