January 17, 2016 | Israeli mobile ad analytics company AppsFlyer has raised $56 million, increasing the total capital it has raised since it was founded to $84 million. The round was led by new investors Qumra Capital, as well as Goldman Sachs Private Capital Investing (PCI), Deutsche Telekom Capital Partners (DTCP) and Pitango Growth. AppsFlyer enables app developers (such as Gett) to economically analyze the effectiveness of their campaigns on mobile. The company does not sell or buy media; it measures the return on investment (ROI) for buying media. The current financing round follows substantial growth in the company, which asserts that its revenue has grown six times over during the past two years, but does not disclose how much that revenue is. AppsFlyer measures 250 billion actions using over 10,000 apps each month and its customers include Samsung, HBO, Waze, Playtika, Alibaba, Baidu, Trivago, Macy’s, and others. It is an official analytics partner of Google, Facebook, Yahoo, Adobe, Twitter, and more than 2,000 others. AppsFlyer was co-founded in 2011 by Reshef Mann, and Oren Kaniel.
January 17, 2017 |The Israel Venture Capital Research Center (IVC) is reporting that Israeli venture capital fundraising activity in 2016 reached a total of $1.4 billion, with 23 VC funds raising for the 2016 vintage year, including 12 first-time funds. Of the 2016 vintage funds, 14 made a first closing at an average 60 percent of their targets, and are expected to raise additional capital to be added to the 2016 vintage funds. It is expected that 2016 vintage fund raising will have totaled $1.6 billion, a record for the past decade, to surpass 2015 vintage year’s $1.5 billion raised by 19 funds. A seventh Israeli VC fund raising cycle started in 2015, and has already reached 79 percent of the total amount raised in the sixth cycle, which took place from 2011 to 2014. Moreover, the amount raised by Israeli VC funds in the past three years remained high.
January 16, 2017 | One of the largest TED events in the Middle East, “TEDxWhiteCity“, will be held on Wednesday January 25th at the Opera-Performing Arts Center in Tel Aviv. Guest lecturers include: 2016 Rio Olympics judo bronze medalist Ori Sasson , synthetic biology author Dr. Tom Ren, CEO and founder of Tridom, Yaron Schwartz, and many more. Some 1,500 participants are expected for the event. Gathering insights from the fields of technology, education and art, TEDxWhiteCity will focus on the spirit of innovation in Israel as the theme this year is “Destination: Unknown”.
January 16, 2017 | U.S. software provider Oracle Corp announced today that it was opening an accelerator program in Israel for startups developing cloud technologies or whose technologies are based in the cloud. Run by Oracle’s research and development team, the program provides six months of mentoring from technical and business experts, advanced technology, access to Oracle’s customers, and partners and investors. A pilot program was first launched in India and more centers will be announced soon. Oracle said this was a multi-million dollar program but did not disclose how much it would invest in each center. Oracle’s startup cloud accelerator program builds on its excellence center for Israeli startups, which was established in 2003 by Oracle Israel in cooperation with the government to support the growth of early stage startups. Thirty six companies were approved to take part in the excellence center, totaling more than $150 million in estimated exits.
January 16, 2017 | Fraugster, a German-Israeli anti-fraud company that has invented an Artificial Intelligence (AI) technology to eliminate payment fraud, has raised $5 million in funding. The international venture capital fund Earlybird is the new lead investor in the company, alongside existing investors Speedinvest, Seedcamp and a large Swiss family office. This latest round of investment will be used to hire new staff to support the international growth of the company, which is used by online merchants and retailers. Fraugster was founded in 2014 by Max Laemmle, who previously co-founded payment gateway company Better Payment, and Chen Zamir, who has spent more than a decade in different analytics and risk management roles including five years at PayPal. The company already handles almost $15 billion in transaction volume for several thousand international merchants and payment service providers, such as Visa.
January 15, 2017 | Israeli company VisIC Technologies Ltd, a fabless developer of power conversion devices based on gallium nitride metal-insulator-semiconductor high-electron-mobility transistors, has closed a $11.6 million Series C round of financing led by new investor Birch Investment and existing investors. The company was founded in 2010 by Tamara Baksht and is based in Nes Ziona.
January 15, 2017 | Israeli company WalkMe, which offers on-screen site guidance and engagement analytics, has acquired Israeli startup Abbi, specialists in mobile A/B testing and app engagement. Terms of the deal were not disclosed. WalkMe raised $50 million last year on a $400 million valuation. Abbi has raised around $1 million in funding. WalkMe has some 1,000 larger enterprises and thousands of small and medium businesses using its services, including MasterCard, PayPal, Pandora, BT, Unilever, Prudential, Panasonic, U.S. Postal Service, Sony, State Farm, Comcast, IBM, Microsoft, Wells Fargo, Home Depot, HP, J.P. Morgan Chase, Verizon, and Toyota.
January 12, 2017 | Israeli digital health and mobile health solutions developer DarioHealth Corp. (formerly Labstyle Innovations) has raised $5.1 million in a private placement. DarioHealth closed on $3.1 million of the transaction while $2 million more of gross proceeds are subject to shareholder approval per Nasdaq rules. The company has developed a mobile blood glucose monitoring platform. The deal was led by OurCrowd Qure, a dedicated digital health fund that invested $2.5 million of the $5.1 million. Current investors of Jerusalem based DarioHealth also participated in the current round indicating the strong support and belief in the company’s strategy moving forward. OurCrowd Qure was granted two board seats, which will be selected and announced at a later date. Funding will be used to accelerate adoption across existing markets and into new geographies such as Germany in 2017.
January 12, 2017 |Israeli startup Transmit Security, which is developing programmable biometric authentication has come out of stealth and announced a $40 million self-funded round of financing. Based in Boston and Tel Aviv, the company has unveiled a platform that will disrupt the $10 billion authentication software market. The technology enables organizations to displace passwords and implement any form of identity verification, on any device, across all their customer/partner facing channels. The company is being financed by its founders, CEO Mickey Boodaei and president Rakesh K. Loonkar, who previously created online banking security pioneer Trusteer, which was acquired by IBM in 2013. Boodaei also cofounded Imperva, a billion dollar provider of cyber and data security products. The company’s research and development team is made up of former members of Unit 8200, the elite Israeli Intelligence Corps.
January 11, 2017 | Israeli drip irrigation manufacturer Rivulis Irrigation announced today that it has acquired Greek irrigation company Eurodrip, the world’s fourth largest irrigation equipment company. The acquisition will make Rivulis into the world’s second largest irrigation company outside of India. No financial details about the detail were disclosed although the announcement did say that it was an all-share deal. Israeli private equity firm FIMI Opportunity Funds (FIMI), controlled by Ishay Davidi, will remain the controlling shareholder in Rivulis after completion of the deal. Based at Kibbutz Gvat near Afula in the Jezreel Valley, Rivulis was formerly Plastro and then the water division of John Deere, before it was acquired by FIMI.
January 11, 2017 | Israeli startup Corephotonics, which is developing dual camera technologies for smartphones, has completed a $15 million financing round. Since it was founded in 2012 by CEO Prof. David Mendlovic and VP R&D Dr. Gal Shabtay, the Tel Aviv based company has raised more than $50 million. Strategic investors participating in the financing round are Samsung Ventures; Foxconn, and Taiwan’s MediaTek. Two additional investment funds participated in this funding round, one from China and the other from Hong Kong. Corephotonics’ current investors include Magma VC, Samsung Ventures, Amiti Ventures, Chinese billionaire Li Ka-shing and Solina Chau’s Horizon Ventures, OurCrowd, SanDisk, Chinese telephony services provider CK Telecom, and additional private investors.
January 28, 2015 | Israeli flash storage company Kaminario announced today it has closed a $75 million financing round. This bringing the company’s total funding to $218 million since it was founded in 2008. The latest round was led by Waterwood Group with a mix of new and existing investors, including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners. The new capital will be used to accelerate go-to-market initiatives, expand Kaminario’s global presence, and fuel R&D. Last month Israeli company Zirra, which uses AI to evaluate startups, estimated that Kaminario was worth $811 million. This latest financing must surely mean it is now a unicorn worth more than $1 billion. Kaminario was founded by CEO Dani Golan, Ofir Dubovi and Moshe Selfin. The company is headquartered in Needham, Massachusetts and has its development center in Yokneam, near Haifa.
January 10, 2017 | The venture arms of Microsoft and Qualcomm Ventures have invested in Team8, an Israeli creator of cybersecurity startups, as big multinational companies get behind Israel’s burgeoning cyber industry in the face of growing threats. The Tel Aviv based company also announced a strategic partnership with Citigroup to help develop its products. Team8’s other investors are Cisco, AT&T, Accenture, Nokia, Singapore’s Temasek, Japan’s Mitsui, Bessemer Venture Partners, Google executive chairman Eric Schmidt’s Innovation Endeavors and Marker LLC. Cofounded by CEO Nadav Zafrir, Israel Grimberg and Liran Grinberg, all veterans of the Israel Defense Forces Intelligence Unit 8200 (the equivalent of America’s National Security Agency), Team8 does not invest in cybersecurity companies, but creates them. The Tel Aviv-based company launched in late 2014 with an $18 million financing round and raised a further $23 million last February. With the latest financing round, Team8 says it has now raised $92 million.
January 8, 2017 | Clal Biotechnology Industries Ltd. announced today that Neon Therapeutics had completed a $70 million financing round. Following the round, Clal Biotechnology will own 5% of US company Neon. The round was led by Partner Fund Management, together with Inbio, Wellington, Fidelity Ventures, and Nextech Invest. Previous investors Third Rock Ventures and Access Industries also took part. Neon has begun a trial of a vaccination against malaria. Clal Biotechnoloigy was founded in 1998 and is based out of Ramat Gan, Israel.
| January 5, 2017 | Israeli content recommendation company Taboola has announced the acquisition of Israeli web personalization and onsite optimization startup Commerce Sciences. No financial details about the deal were disclosed but Taboola said that Commerce Sciences staff will join Taboola’s Tel Aviv offices. Herzliya-based Commerce Sciences was founded in 2012 by CEO Aviv Revach, CTO Eyal Brosh and Omri Yacubovich, graduates of the IDF’s 8200 Intelligence Unit. The company is backed by Eric Schmidt’s Innovation Endeavors, Genesis Partners, KGC Capital, and angel investors, including Backplane chairman and Palantir Technologies co-founder Joe Lonsdale. Taboola was founded in 2007 by CEO Adam Singolda and has a current valuation of around $1B.
January 4, 2017 | US media and analytics company SocialCode has acquired Israeli startup MentAd. Based in Tel Aviv, MentAd has developed a predictive marketing technology platform to deliver additional scale and performance to social, mobile and video advertising for leading brands. The company was founded in 2011 by Yuval Baror and Daniel Romano and has raised $4.7 million to date from OurCrowd, Blumberg Capital, Titanium, and Edison Partners. No financial details about the acquisition were disclosed.
January 4, 2017 | Israeli startup Flytrex, which is developing a drone delivery solution, has raised $3 million, “TechCrunch” reports. The round was led by Swiss-based Armada VC, owned by Daniel Aegerter, as well as private angel investors Daniel Gutenberg and Joey Low with the participation of several unnamed private angel investors. Flytrex’s platform is designed for delivery companies or large retailers desiring to implement drone delivery. The platform provides a cloud solution for the tracking and management of delivery drones. The company is also developing drone hardware tailored for point-to-point or point-to-area delivery. Based in Tel Aviv, Flytrex was founded by CEO Yariv Bash and Amit Regev. Learn more about the company in our recent story.
January 4, 2017 | Israeli cancer apoptosis company ARTSaVIT LTD. announced today that it has completed a $6.3 million Series A round of financing led by Arkin Bio Ventures and Pontifax, with participation of Merck Ventures, Carmel Innovation and Carmel – Haifa University Economic Corporation Ltd. ARTSaVIT was co-founded by Carmel, the economic corporation of the University of Haifa, Carmel Innovations Fund and Professor Sarit Larisch from the University of Haifa, Israel. Prof. Larisch has identified and characterized ARTS, a protein which regulates the levels of several important anti-apoptotic proteins by promoting their degradation. Apoptosis, is a highly regulated process of natural cell death. Faulty regulation of apoptosis, is implicated in many human diseases, including cancer. Moreover, resistance to apoptosis is a hallmark of most human cancers. ARTSaVIT will move from its facilities at Carmel, University of Haifa, to the state-of- the-art facilities at the Merck Ventures Israel BioIncubator, which will support the development of the start-up with its infrastructure and a wide range of incubation facilities and services.
January 3, 2017 | Israel’s Electra Consumer Products, which makes air conditioners and electrical appliances and is a unit of Elco Holdings, has agreed to buy upstart mobile phone operator Golan Telecom for 350 million shekels ($91 million), ending months of speculation over Golan’s future. Electra also said it had signed a 10-year network sharing agreement with Cellcom, Israel’s largest mobile operator, and that Cellcom will lend it 130 million shekels to help finance the purchase of Golan. Electra shares jumped 10 percent on news of the deal, which will see it pay at least 210 million shekels a year plus value-added taxes for the network-sharing agreement. The final sum will depend on the number of Golan subscribers and their usage, Cellcom said in a separate statement. Golan was launched in 2012 after the Israeli government issued new licences to boost competition in a sector that had been dominated by three players. Golan has taken about 10 percent of Israel’s mobile market by offering rock-bottom prices, hurting Cellcom and main rivals Partner Communications and Pelephone, a unit of Bezeq Israel Telecom , which are now barely profitable. Cellcom tried to buy Golan in 2015 for about $300 million but was blocked by regulators.
January 3, 2017 | Israeli startup HealthWatch, which has developed smart garments that monitor the wearer for ECG and other vital signs and send the information in real time by smartphone, announced that it had raised $20 million from Shijiazhuang Yiling Pharmaceuticals. The Chinese company will pay $15 million for a 23% stake in HealthWatch and pay another $5 million for the rights to sell the company’s Master Caution device in China. Master Caution comprises an embedded processor to collect, store and process data together with an accelerometer, infra-red sensor and Bluetooth capability. Approved by the U.S. Food and Drug Administration and Europe’s CE mark, the device monitors ECGs as well as activity, respiration and skin temperature. Its sensors are interwoven into garments so that they appear as design elements rather than a monitoring device. The startup was founded by Yoram Romem and Amos Shattner, and had previously raised one round of capital. HealthWatch will use the proceeds to add a further 20 staff to its current payroll of 18. Read more about the company in our recent story.
January 3, 2017 | Israeli flu vaccine developer BiondVax Pharmaceuticals Ltd. has announced that Angels High Tech Investments Ltd. has agreed to invest NIS 10.9 million (approximately $2.83 million) in the company in exchange for 33.8 million ordinary BiondVax shares on the Tel Aviv Stock Exchange (equivalent to 844,000 Nasadq listed ADS) at the December 29, 2016 Tel Aviv closing market price. Following the transaction, Angels Investments will hold 19.99% of all issued and outstanding share capital of BiondVax. Angels High Tech Investments is a company fully owned by Marius Nacht, co-founder and chairman of Check Point Software Technologies Ltd.. Angels High Tech Investments’ healthcare and life science portfolio is managed by aMoon Partners which is co-led by Dr. Yair Schindel and Marius Nacht. BiondVax is a clinical phase biopharmaceutical company developing a universal flu vaccine. The vaccine is designed to provide multi-season protection against most seasonal and pandemic human influenza virus strains. BiondVax’s proprietary technology utilizes a unique combination of conserved and common peptides from influenza virus proteins, activating both arms of the immune system for a cross-protecting and long-lasting effect.
December 29, 2016 | The CEO of Apple’s Israel activities, Aharon Aharon, has been appointed to lead Israel’s Innovation Authority. He will be in charge of strengthening and leading Israeli innovation. The post was formerly known as the Office of the Chief Scientist of the Economy Ministry. The Authority is in charge of the nation’s innovation policies and aims to help foster resources and conditions to promote the nation’s technological ecosystem. Aharon has served since 2011 as CEO of Apple Israel, and previously served in the IDF’s elite Intelligence Unit 8200. He holds two degrees from the Technion, in computer and electrical engineering. He began his career at IBM, and then moved on to work in a number of private sector posts, including at Zoran Corporation and Seabridge. Aharon was also involved in setting up two startups that were later sold in exit deals. He was instrumental in the establishment of Israel’s Apple activities. Avi Hasson, Israel’s Chief Scientist and chairman of the Israel Innovation Authority, will be leaving his post in the coming months after heading the office for six years.
December 28, 2016 | Chinese phone manufacturer Huawei reportedly will acquire Israeli database security and compliance solutions startup Hexatier. The deal is worth $42 million according to reports by Israeli financial daily Calcalist. Originally GreenSQL, the company rebranded itself earlier this year to Hexatier. The company focuses on database security, dynamic data masking, activity monitoring, and “discovery of sensitive data.” Additionally, their software lets system managers create rule dependent restrictions for access based on a number of factors like IP address, seniority, and geography (among other things). Hexatier was founded in 2009 by CEO Amir Sadeh, Director of Sales Hadar Eshel, and CTO David Maman. They have 40 employees split between offices in Tel Aviv, Boston, and California.
December 28, 2016 | DIR Technologies, which is developing quality control devices for the pharmaceutical industry, will receive a $10 million investment from pharmaceutical giant Pfizer under a strategic cooperation agreement. DIR’s products inform users whether a small bottle or package of drugs is properly sealed when it leaves the factory. The usual method of checking this is to sample several bottles or packages and manually examine the effectiveness of their sealing. Scanning a sample, however, does not detect all defective products. A means of scanning without human contact for each and every item is therefore needed. Last April, DIR signed a five-year agreement with Pfizer to apply its method to several of Pfizer’s production lines. It appears that the pilot was a success, leading to the current investment. Founded in 2009, DIR launched its products in 2013. In the future, it hopes to apply its technology to testing non-pharmaceutical products that require complete sealing, such as food and toiletries.
December 27, 2016 | Israeli startup Timing, an optimization, prediction and navigation system for service providers, has raised $1 million from Terra Venture Partners. Based in Yokneam, Timing was founded in 2015 by Ilan Fridman and Maayan Darki. Timing’s main goal is to change the way consumers utilize field services. Starting from handling the organizations’ work flow, to the way field service employee organize their days and appointments, and making the consumers feel that their time is important too. Timing currently has four employees and is planning to recruit more developers during 2017.