| December 1, 2016 | Israeli TV advertising management technology company SinTecMedia is acquiring the US digital advertising solutions company Operative Media Inc. for $200 million. The merged company will offer a range of tools that will help companies save costs by streamlining TV and digital advertising expenses. Jerusalem based SinTecMedia was acquired in April by US private equity fund Francisco Partners for $400 million from Riverwood Capital, another US private equity fund. Founded 16 years ago, SinTecMedia took a big step forward in early 2014, when it acquired Pilat Media Global, a competitor listed on the UK AIM stock exchange in which it already had a 22.7% stake. SintecMedia paid $103 million for the rest of Pilat Media, a company whose business was identical to its own.
| December 1, 2016 | Three members of the senior investing team at major Israeli venture firm Genesis Partners, Eddy Shalev, Jonathan “Jonny” Saacks and Barak Rabinowitz, announced today the the creation of their own early-stage fund, F2 Capital. F2 Capital is in the midst of closing a $50 million debut fund to back seed stage companies. The newly spun out firm is taking over the management of The Junction, an accelerator program that was started by Genesis Partners. Founded in 2011, the Junction is modeled after the Israeli military selection process for elite units with some 250 applicants pitching and only five companies selected to enter the six month bootcamp program. F2 provides $100,000 of funding on a convertible note to those top five selected companies. The firm maintains an option to invest more in their later rounds. Previous participants in the Junction have included: Appsflyer, Honeybook, Simplee, ClarityRay (acquired by Yahoo!), KitLocate (acquired by Yandex) and Moment.me (acquired by Wix). F2 will focus on “frontier” technology, tech that’s beginning to transform existing industries or create new industries.
November 30, 2016 | Giant chip maker Intel has joined Delphi Automotive and Israeli company Mobileye on their quest to manufacture a driverless car by 2019. The companies will present at CES 2017, to be held in Las Vegas in January. With Mobileye contributing its cutting-edge autonomous driving technologies, and Intel (which employs some 10,000 people in Israel) contributing the tremendous computing power needed for the future car, there’s no doubt Israel is playing a significant role in the emerging self-driving car industry. Mobileye is already collaborating with BMW and Intel on an autonomous car. Mobileye, which develops vision-based driver assistance systems that help prevent collisions, was founded in 1999 by Prof. Amnon Shashua and Ziv Aviram.
| November 29, 2016 | Yesterday, US telecommunications conglomerate AT&T launched a new TV project, in which content is streamed to the web via an application. The application was mainly developed by AT&T’s Israel R&D center. The R&D center had started out as Israeli company Interwise, acquired by AT&T in October 2007. It has over 500 employees and is managed by the center’s CEO Nir Shalom. Other than video content, the new service offers more than 120 TV channels: sports channels, content channels, live performances and more. The company said that DirectTV Now will be offered on all devices, independently of AT&T’s mobile phone services. The app is available on both Apple and Android devices, but is not currently available outside the US.
| November 29, 2016 | Israeli spinal implant company ApiFix has raised a $5 million Series B investment round, which will be closed by the end of next month. ApiFix is developing a minimally invasive deformity correction system for patients with Adolescent Idiopathic Scoliosis (AIS). Based in Misgav in northern Israel, ApiFix is part of the Trendlines Group. B. Braun Melsungen Aesculap division has invested $2.8 million in the latest financing round.
| November 28, 2016 | OurCrowd, a global leader in equity crowdfunding, announced today that it has opened an office in Singapore, its seventh worldwide, to serve the growing community of Asian investors interested in funding early stage high-growth companies. It has also appointed Denes Ban, a successful entrepreneur and technology executive, as Managing Partner Asia and head of OurCrowd’s Singapore Management company. The move follows OurCrowd’s announcement earlier this year that it has partnered with United Overseas Bank (UOB) and Sassoon Investment Corporation (SassCorp) to pursue equity crowdfunding for startups and SMEs in the region. OurCrowd also received a formal license to begin operating in Singapore from the Monetary Authority of Singapore in August 2016.
| November 24, 2016 | Scientists and researchers from around the world gathered this week in Israel for the inauguration of the Technion Integrated Cancer Center (TICC), a first-of-its kind hub for global cancer research, which will expedite the discovery of new diagnostic tools and treatments through a collaborative “bench-to-bedside”approach. In addition to serving as a hub for multiple fields of research, the TICC will also be a nexus for the Technion’s five affiliated hospitals that run clinical trials. It will be co-led by Professor Ze’ev Ronai and Distinguished Professor Aaron Ciechanover – who along with Technion Professor Avram Hershko and the late Dr. Irwin Rose won the 2004 Nobel Prize for the discovery of the ubiquitin system, a discovery which led to the development of efficient anti-cancer drugs, e.g. Velcade® for Multiple Myeloma.
| November 24, 2016 | Israeli fintech company PayKey has completed a $6 million financing round. The company has developed a system enabling banks to provide peer-to-peer fund transfer services via social networks and instant messaging applications. PayKey was founded in 2014 by CEO Daniel Peled and CTO Offer Markovich. It has so far raised $6.4 million and has 20 employees.
| November 23, 2016 | Israeli SDK management company SafeDK has closed a Series A financing round of $3.5 million led by StageOne Ventures with the participation of Samsung Next Tel Aviv, Marius Nacht, Kaedan Capital, and angel investor Leon Waisbein. This funding round follows a seed investment of $2.25 million in November 2015. SafeDK is an SDK management and marketplace for enterprises and mobile developers. It offers an infrastructure solution, which improves mobile apps’ security, stability, and QoS by monitoring and controlling 3rd party tools integrated in the apps. The company was founded in 2014 by two women – CEO Orly Shoavi and VP Business Development Ronnie Sternberg.
| November 22, 2016 | An analysis of graduates’ employability published by Times Higher Education (THE) ranked graduates of the Hebrew University of Jerusalem as the 67th most employable in the world, the highest among all Israeli institutions. The rankings, which reveal which universities recruiters at top companies think are the best at preparing students for the workplace, also included the Technion-Israel Institute of Technology in 122nd place, and Tel Aviv University in 139th place. The top 3 ranked institutions globally were California Institute of Technology, Massachusetts Institute of Technology and Harvard University.
November 17, 2016 | Three Israeli companies, Logz.io, SeaLights, and Siemplify, announced major funding rounds this week, raising an aggregate total of $37 million. Logz.io, which combines machine learning with human insights so businesses can better understand and monitor their networks, raised $16 million, bringing the capital raised since its founding in late 2014 to $24 million. SeaLights announced it has raised $11 million. The company has developed a cloud platform, allegedly the first of its kind, for continuous quality assurance (QA) tests. Cyber security company Siemplify completed two financing rounds within nine months, raising $4 million in the first last February and $10 million in the current round.
November 17, 2016 | Israeli startup Kang Health has raised a $3.3 million seed round from Bessemer Venture Partners, Comcast Ventures, Mangrove Capital, Lerer Hippeau Ventures, Primary Ventures, and Taboola CEO Adam Singolda who is joining their board. The new company is headed by former Vroom and Wix CEO Allon Bloch. Their software takes an AI approach to diagnosing symptoms, that will at both facilitate a conversation with a user about his or her symptoms while simultaneously drawing crowd-sourced data from others who reported similar symptoms. From there, Kang’s platform would draw diagnostic and treatment suggestions.
November 17, 2016 | EverThere, a San Francisco and Tel Aviv based company that helps advertisers precisely target event attendees, has raised $1.8 million in a round led by Elevator Fund. The company boasts a 21% conversion rate through personalized advertising campaigns at events and trade shows. The funding will be mainly used to grow its event marketing automation platform and its West Coast sales and marketing team. EverThere’s platform enables advertisers to connect with event audiences who are actively seeking solutions, then engages their addressable target market with unique offerings, even when do not attend or sponsors those events.
November 17, 2016 | Israeli startup ParaSonic, which developed a comb-like device that destroys head lice using ultrasound waves, has raised $1.6 million from a private American investor, the company said yesterday. ParaSonic is an early-stage startup led by David Tavor and backed by Arab-Israeli technology incubator NGT3, which is located in Nazareth.
| November 15, 2016 | Mortimer B. Zuckerman was presented with The Technion Medal, the highest honor of the Technion-Israel Institute of Technology at a festive dinner last night in New York City. A business leader and philanthropist, Zuckerman was honored for establishing the Zuckerman STEM Leadership Program—a transformative initiative designed to foster collaboration between scientists in the U.S. and Israel. “The idea is to have Israelis study at the highest level of technology and science in America and vice versa, for Americans in Israel,” Zuckerman said in a statement. “Collaboration and cooperation are crucial in today’s fast-paced world of science. This is a win-win for both countries,” Technion President Professor Peretz said in a statement.
| November 14, 2016 | Gaming software development company Playtech has agreed to buy Consolidated Financial Holdings for up to $120 million– a deal it said will enhance its position as it continues to build a B2B offering in its financials division. Playtech is controlled by self-made Israeli billionaire Teddy Sagi and the acquisition will be made in two stages, as is customary with Playtech. CFH Clearing was founded in 2008 and is part of CFH – an investment group founded by two leading UK private equity funds. CFH Clearing has about 100 employees, including a 70-person IT staff.
November 13, 2016 | The U.S. Department of Energy (DOE) and Israel’s Ministry of National Infrastructure, Energy and Water Resources (MIEW), along with the Israel Innovation Authority, announced the investment of $4 million in five newly selected clean energy projects as part of the Binational Industrial Research and Development (BIRD) Energy program. The total value of the approved projects is $8.6 million in the areas of solar energy, biomass, fuel cells and energy efficiency. The selected startups are: BrightSource, CelDezyner, Solview Systems, Technion IIT, and Waves Audio.
November 10, 2016 | Israeli unified marketing analytics platform developer Singular has closed a $15 million Series A financing round from KDWC, Translink Capital, Telstra Ventures and previous investor General Catalyst. Singular helps empower data oriented marketers at companies like Lyft, Twitter, Match.com and Zynga. The Singular platform connects disparate data from any digital marketing point solution provider to uncover ROI and actionable marketing insights. Founded in 2014, the company has raised $20 million to date. Singular’s cofounders CEO Gadi Eliashiv, CTO Eran Friedman and COO Susan Kuo were all senior executives at Israeli mobile apps analytics solutions company Onavo, which was sold to Facebook for $150 million. The company is headquartered in San Francisco with its development center in Tel Aviv and offices in Berlin.
November 10, 2016 | Israeli company Frutarom Industries, one of the world’s largest companies in the field of flavors and fine ingredients, has acquired of 75 percent of the shares of Mexican group Piasa, a provider of savory solutions, in exchange for $20.5 million. This is Frutarom’s eighth acquisition this year. Frutarom was founded in 1933 by Yehuda Araten and Maurice Gerzon.
November 9, 2016 | “Israel IoT Innovations” – i3 Equity Partners (“i3”), a new global consortium, has announced the establishment of a new Investment Vehicle, with a first closing of $20 million, for developing next-generation IoT (Internet of Things) and IIoT (Industrial Internet of Things) technologies. The consortium is comprised of five global leaders in the IoT industry – GE Ventures, HNA EcoTech, Microsoft Ventures, Qualcomm and Tata, in partnership with Pitango Venture Capital and Tel Aviv University (TAU) through its Business Engagement Center RAMOT. With headquarters on the TAU campus, i3 is headed by Managing Partners Noga Kap and Eran Wagner, both successful Israeli entrepreneurs as well as investors with years of proven track records and extensive experience in early-stage investments, and chaired by Shlomo Nimrodi, CEO of RAMOT, and a veteran of the Israeli High-Tech industry.
November 9, 2016 | Israeli startup and high-tech companies raised $3.26 billion from private equity firms in the first nine months of 2016, topping the entire year of 2015, when companies raised $3.22 billion in private equity, according to a survey by IVC Research Center and Israeli law firm Shibolet. In the third quarter of 2016, Israeli private equity deal-making rose to $1.7 billion in 18 deals, the highest quarterly amount in the past two years.
November 8, 2016 | Israel Railways opened the Kiryat Sapir railway station in south Netanya on Saturday night. The new station is on the existing Haifa-Tel Aviv coastal line between Netanya and Beit Yehoshua. The station is located near the Poleg interchange and the IKEA furniture store and will serve the Kiryat Sapir (Poleg) southern Netanya industrial zone and Netanya soccer stadium as well as southern Netanya residential neighborhoods. The station costing NIS 70 million covers 3,600 square meters as well as a car park for 600 vehicles. One train in each direction will stop at the station each hour and two trains per hour during the morning and evening rush hours. This is Israel Railway’s 61st railway station and follows the opening of four new stations last month on the Valley Line between Haifa and Beit Shean. Under construction and due to open in the next few years are the Jerusalem – Tel Aviv fast rail link and the Western Galilee line to Karmiel.
November 8, 2016 | Israeli network solving problem company Indeni has raised $10 million from Sequoia Capital, iAngels, and CIRtech. The startup provides a crowdsourced and machine learning network operations platform. The funds will support Indeni’s aggressive plan to enable its enterprise customer base, increase investment in sales and marketing, and create category-defining technology for mission critical devices. Founded in 2010 by CEO Yoni Leitersdorf, the company has offices in San Francisco and Palo Alto and its development center in Tel Aviv.
Teva Pharmaceutical Industries launched its generic version of Forest Laboratories’ Lexapro, for the treatment of depression and generalized anxiety disorder. Teva will enjoy six months of marketing exclusivity, as it was the first company to file an Abbreviated New Drug Application with the FDA. Lexapro has been a major revenue generator for Forest Labs with the product generating sales of $1.8 billion in the first nine months of fiscal 2012. View and share
Computer communications giant Cisco Systems is in advanced talks to acquire NDS for $5 billion, Israeli website Calcalist reported. NDS, founded in 1988, is a provider of software solutions for the pay television industry. The company is currently owned by Permira Advisors and News Corp, controlled by Rupert Murdoch. Its headquarters are based in the UK and its R&D center is located in Jerusalem, Israel. View and share