September 19, 2017 | Israeli analytics startup Panoply has raised $6 million in a financing round led by C5 Capital, which brings its total equity to $13 million. Founded in 2015 by Roi Avinoam and Yaniv Leven, the startup delivers fast insights by eliminating the development and coding typically associated with transforming, integrating, and managing big data.
September 18, 2017 | Israeli startup Augmedics, a developer of an augmented-reality (AR) surgical visualization system, has raised $8.3 million in a Series A funding round led by Davos, Switzerland-based AO Invest, the Israeli Innovation Authority, Terra Venture Partners and other undisclosed investors. Augmedics will use the proceeds to complete research and development as well as pre-clinical and clinical trials of its ViZOR System. Founded in 2012 by Nessi Benishti and Nissan Elimelech, the company has so far raised $10.1 million.
September 13, 2017 | Zeitgold, an Israeli AI company based in Berlin, just raised $11.97m in Series A funding. The company offers a solution for small businesses who want to save time managing their finances. Zeitgold’s end-to-end solution allows cafes, restaurants, and other small businesses to manage bookkeeping, payroll, invoices, and more through coordination with a tax adviser on a smartphone. The funds will be invested in a new Tel Aviv-based R&D facility as well as testing new products with customers. Zeitgold was founded in 2015 by Stefan Jeschonnek, Jan Deepen, and Kobi Eldar.
September 14, 2017 | The Technion-Israel Institute of Technology has just marked a new milestone in its partnership with Cornell University. The Institute has just opened Cornell Tech, a tech-focused graduate school on New York’s Roosevelt Island. The campus is a new spot for the growing technology and innovation scene in New York. It will expand the Jacobs Technion-Cornell Institute, a cornerstone of Cornell Tech. The Jacobs Technion-Cornell Institute was established in 2013 with the help of a $133 million donation from Dr. Irwin Mark Jacobs, founding chairman and CEO emeritus of Qualcomm and Joan Klein Jacobs. [Photo: Julienne Schaer]
September 13, 2017 | Tel Aviv University has been ranked 9th in the world for producing successful startup founders, according to the 2017 PitchBook report. It ranks above American university Yale, Princeton, and UCLA. The PitchBook report says 582 TAU entrepreneurs started 486 companies raising initial capital from investors. Tel Aviv University has ranked in PitchBook’s top 10 for four years and is the only one in the top 10 located outside of the United States. The report ranked Technion – Israel Institute of Technology in 14th place and Hebrew University of Jerusalem in 35th place. PitchBook gathers information to provide analysis regarding startups and venture capital for investors. [Photo: tec_estromberg]
September 13, 2017 | Tamir Fishman investment house CEO Eldad Tamir, and former Intel vice president Dedi Perlmutter are launching a new technology-related investment fund worth NIS 400 million ($113 million). The fund, Eucalyptus, is a spinoff of a previous fund started by by both investors in 2015. The original fund was discontinued. The new fund is part of a tender published by the Ministry of Finance and the Israel Securities Authority designed to provide funding to startups. An IPO on the stock exchange is already being considered, with capital to be raised from institutional investors.
September 12, 2017 | Medical equipment company Medtronic is the first company to establish new development centers in Israel through the Israel Innovation Authority. The firm will receive a $14 million grant from the Innovation Authority in return for hiring 100 extra employees in their new development center in Jerusalem and Yokneam. Medtronic already has cooperation with the Israeli medical equipment industry as it has 750 employees in Israel out of 85,000 employees worldwide. The company was founded by Palmer, Hermundslie, Daniel Grossman, Earl Bakken, and Patrick Wells.
September 11, 2017 | Technion – Israel Institute of Technology has created an innovative partnership with Chicago’s Current Research Consortium of academics and water management groups to drive economic development and develop solutions to the world’s water challenges. This Memorandum of Understanding an agreement that both parties will work together to test and approve water technologies. Chicago Mayor Rahm Emanuel is currently in Israel with a group of business leaders, investors, water experts and more, to establish cooperation between the two groups. [Photo: Michael Ball]
September 10, 2017 | Innoviz Technologies, the Israeli startup that develops LiDAR technology, has raised $65 million from Delphi Automotive and Magna International, two of the world’s largest automotive suppliers. It is expected to raise more capital from these strategic partners in the coming weeks. Innoviz develops LiDAR (Light Detection and Ranging) laser sensor technology that builds a detailed 3D image after scanning a car’s surroundings. It was founded in January 2016 by Oren Buskila, Zohar ZIsapel, Omer David Keilaf, Amit Steinberg, and Oren Rosenzweig. [Photo: Land Rover MENA]
September 7, 2017 | Intel will integrate the Israeli-developed freeD video technology into 11 American football stadiums in the upcoming NFL season. The sports imaging technology, developed by Israeli startup Replay Technologies,was acquired by Intel for $175 million a year and a half ago. It captures action-packed moments from sports events at every angle, using a system of HD cameras and servers to create an immersive 3D experience. Through stadiums equipped with this 360-degree replay technology, fans can watch and share parts of the game through the NFL.com website, NFL’s YouTube app and channel, and more. [Photo: US Navy]
September 6, 2017 | Israeli flavor and fine ingredients company Frutarom Industries has acquired Turpaz Perfume and Flavor Extracts, an Israeli fragrances company, for $ 15.1 million. This is Frutarom’s seventh acquisition in 2017. Founded in 1933, Frutarom is led by president and CEO Ori Yehudai. [Photo: Taura]
September 4, 2017 | Israeli mobile taxi-hailing service Via has raised $250 million in a financing round led by car manufacturer Daimler, which brings its total equity to $387 million. Founded in 2012 by Israelis Daniel Ramot and Oren Shoval, Via has developed an algorithm that matches, in real time, multiple passengers traveling in the same direction with a single large SUV or van.
August 31, 2017 | Israeli online ticketing platform GBG Sports Travel is about to be sold for $40 million, according to a report by Calcalist. Founded in 2012 by Benny Halamish and Guy Myger, the company specializes in hospitality packages with VIP tickets to Europe’s most famous soccer clubs. [photo by UggBoy]
August 29, 2017 | Israeli company ScaleMP, a provider of virtualization solutions for high-end computing, has raised $10 million. The funds will further accelerate the company’s growth, enhance the company’s products and technology, and expand its support for partners. The investment was led by Israel’s Leumi Partners. Founded in 2003 by Shai Fultheim, the company has raised $18 million to date.
August 28, 2017 | American pharma giant Gilead has agreed to buy Israel’s Kite Pharma for a whopping $11.9 billion, according to a report by the Wall Street Journal. The Israeli cancer-treatment company today confirmed the report. Kite Pharma, which specializes in developing therapies that use the patient’s immune system to treat cancer, was founded in 2009 by Joshua A. Kazam and Dr. Arie Belldegrun, an Israeli-American oncologist. It went public in 2014 (NASDAQ:KITE). Some of the company’s developments are based on research conducted at Israel’s Weizmann Institute.
August 28, 2017 | Israeli startup R2Net, which operates popular diamond trading website JamesAllen.com, has been sold to Bermuda-based Signet Jewelers for $328 million. Now one of the world’s largest online jewelry retailers, the company was founded by Israeli Oded Edelman, James Schultz, Michele Sigler and Dean Lederman in 2006. [photo by Wesley Tingey]
August 28, 2017 | Pharma giant Merck has opened an incubator for startup companies in Israel. Called PMatX, it will address the topic of next-generation electronics. The program will be supported by additional partners, including HP and Battery Ventures. Its fomration is supported by the Technology Innovation Lab program of the Israel Innovation Authority (IIA). Merck will invest € 20 million over the first three years.
August 28, 2017 | Israeli cloud technology startup Redis Labs has raised $44 million in Series D funding. This brings the company to $86 million in total funding to date. The round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital. Founded in 2011 by Yiftach Shoolman and Ofer Bengal, the startup has developed a popular in-memory database platform called Redis Enterprise, as a service in all major clouds, and as downloadable software. It powers e-commerce, social, personalization, IoT, metering, fraud detection and other real-time applications.
August 9, 2017 | Israeli company Oryx Vision, a developer of depth-sensing solutions for autonomous vehicles, has raised $50 million in Series B funding. Third Point Ventures and WRV led the round, with participation from Union Tech Ventures, Bessemer Venture Partners, Maniv Mobility and Trucks VC. Founded in 2009 by David Ben-Bassat and Rani Wellingstein, the company provides driverless vehicles a detailed 3D view of their environment. To date, Oryx has raised $67 million.
August 9, 2017 | Technology giant Intel has completed the acquisition of Israeli company Mobileye for $15.3 billion, the largest deal in Israel’s history. The two companies entered the acquisition agreement earlier this year. Mobileye was founded in Jerusalem, Israel, by Prof. Amnon Shashua and Ziv Aviram in 1999 and went public in 2014. It has developed a warning system that alerts drivers of road hazards using software, cameras, and sensors. It’s also a major player in the autonomous car industry.
August 8, 2017 | Israeli startup Qwilt has signed a $25 million, three-year deal with mobile giant Verizon to enhance and speed up video content. Founded in 2010 by Alon Maor and Dan Sahar, Qwilt develops 4k video delivery technology primarily for the online entertainment industry.
August 7, 2017 | Israeli venture capital firm Vintage Investment Partners has raised $215 million for its tenth fund, bringing its total equity to $1.5 billion. Founded by Alan Feld, Shlomo Dovrat, and Aharon Dovrat in 2003, the VC has invested in some 25 startups.
August 7, 2017| Mexican chemicals company Mexichem is acquiring 80 percent of Israel’s Netafim for $1.5 billion, which puts Netafim’s valuation at $1.9 billion. Netafim is a world leader in drip irrigation technologies for agriculture. Its technique – which saves 30-70 percent of the water used with overhead sprays, oscillating sprinklers and rotors – was developed in Israel in the 1960s.
August 3, 2017 | Israeli bio-pharmaceutical company Eloxx has raised $8 million in a Series C funding round led by LPS, a leading healthcare investor. Other investors such as Pontifax VC, Catalyst, KIP, DSC Funds, Dr. Phil Frost, OPKO Health Inc., and private investors also participated. This brings the company’s total equity to $38 million. The Herzliya company develops treatments for patients with rare genetic diseases triggered by mutations like Cystic Fibrosis and Cystinosis. Founded in 2013 by Dr. Silvia Noiman, Eloxx recently merged with Sevion Therapeutics and became a Sevion subsidiary. Sevion will use the name Eloxx and attempt to list its shares on Nasdaq.
August 3, 2017 | Multinational company LogMeIn has acquired Israeli chatbot and virtual assistant startup Nanorep for approximately $45 million. LogMeIn is also expected to pay up to $5 million to Nanorep employees, conditional on performance over two years. Founded in 2009 by Amit Ben Shahar, Aviv Dror, Doron Herzlich and Ofer David, Nanorep uses artificial intelligence and patented natural language processing technologies to make self-service more engaging. It is currently used by over 200 companies worldwide, and has raised $11 million to date.