December 08, 2013 Comments
Bob Dylan’s 1965 classic “Like a Rolling Stone,” was for the first time given an official music video last month, when Israeli startup Interlude transformed it into a boundary-breaking interactive clip. TIME voted it “Best Video of the Year.”
December 12, 2013 | BrainStorm Cell Therapeutics, a developer of adult stem cell technologies for neurodegenerative diseases, has announced that it was awarded an $800,000 non-dilutive grant from Israel’s Office of the Chief Scientist (OCS) for the year 2014. The grant is intended to support BrainStorm’s clinical and product development for its stem cell therapy candidate NurOwn.
December 12, 2013 | Israeli ecommerce startup Loop Commerce has decided to expand its recent financing round in order to enable international ecommerce giant PayPal to participate in it. PayPal’s investment will bring the financing round’s total from $7.2 million to $12 million. PayPal is the only company participating in the round, which was raised from private investors.
December 12, 2013 | The board of Israeli data security firm ForeScout has decided hold an initial public offering (IPO) on Nasdaq within six months. “Calcalist” reports that the IPO will be held at a company value of $400-500 million and that ForeScout will attempt to raise $100 million.
December 11, 2013 | Vitens, a major Dutch water company, has announced that it will discontinue all joint ventures with Israel’s water company Mekorot, in protest of the latter’s activity in the west bank. According to Vitens, the decision came after consulting with Dutch Foreign Ministry and in order to “follow international law.”
December 10, 2013 | Professor Gonen Ashkenasy, a member of the Department of Chemistry at Ben Gurion University, will serve as Vice Chair of European Consortium to Synthetically Create Life. The consortium, launched last week, is funded through COST. The Action is headed by Prof. Sijbren Otto from the University of Groningen in Holland.
December 10, 2013 | Israeli startup ObserveIT, which develops technology for monitoring and auditing employees on company computers, has announced the closing of a successful financing round. ObserveIT raised $20 million from Bain Capital Ventures. The company says it will use the proceeds to develop its products, expand its sales and recruit more employees for its US headquarters.
December 10, 2013 | Israeli medical device company, Caesarea Medical Electronics (CME), which develops infusion pump systems, will receive $100 million in an acquisition dealwith healthcare technology developer CareFusion. As part of the deal, CareFusion will acquire 40 percent of CME.
December 9, 2013 | Israeli startup Zollo, which developed an app for comparing prices between different supermarkets, has announced the closing if a successful financing round, raising NIS 3.1 million (approx. $900,000). The financing round was led by Nielsen Innovate.
December 9, 2013 | A new accelerator has opened its gates, specifically to companies that develop technology to improve the lives of disabled people. The new program, A3i (Accelerating inclusion in Israel), will operate out of Beit Issie Shapiro in Ra’anana, which partnered with the program, and is expected to host 15 companies. The organization behind the project is PresenTense, a global organization that promotes entrepreneurship and has already established 16 accelerators worldwide.
December 9, 2013 | US-based broadcasting equipment and service provider Harris Broadcast has announced that it is acquiring Israeli company Imagine Communications, which develops digital video solutions. The amount changing hands was not disclosed. The company has raised $34.7 million to date.
December 9, 2013 | Israeli company AcousticEye, an innovator in non-traversing tube and pipe inspection for the global NDT (non-destructive testing) market, today announced that it has closed a $7 million round of additional funding from YS Capital, Plan B Ventures and existing investors Sequoia Capital and Israel Cleantech Ventures. The investment will be used to accelerate product development, deployment and sales.
December 9, 2013 | Government representatives from Israel, Jordan and the Palestinian Authority are in Washington to sign an agreement to establish the Two Seas Canal. The canal, designed to slow the desiccation of the Dead Sea, will carry 100 million cubic meters of water a year from the Red Sea.
Photo by: Sunrise at Dead Sea, Israel
Irish global healthcare company Covidien is acquiring Israeli comapany Given Imaging, which developed swallowable camera to diagnose problems in the digestive tract. The acquisition is estimated at about $860 million. Israel’s IDB Group agreed to sell its stakes in Given Imaging.
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.