June 26, 2016 | Israeli SaaS team management platform DaPulse has raised $7.6 milion in a series A funding round. Genesis partners led the round, with participation from seed investor Entrée Capital including l1Capital Group. The company, which grew its revenue fivefold in 2015, will use the new funds to accelerate its global growth. Founded in 2014 by CEO Roy Mann and Eran Zinman, DaPulse is web-based SaaS company, with the goal of introducing a more efficient and intuitive way to manage teams and entire operations. The Tel Aviv-based company’s unique visual management tool is fully customized to fit any operation, ranging from R&D, marketing, sales, product and customer-management.
June 23, 2016 | Israeli startup Comeet, which helps growing companies and human resources departments hire employees in the easiest manner, announced the completion of its seed financing round, in which $1.2 million was raised. The investors who participated in the round included former Alibaba Group Global Operations VP of Human Resources David Cao, IQTalent Partners President and former Yahoo! Executive VP and Chief Human Resources Officer David Windley, and Yahoo! CFO Ken Goldman. The company will use the capital raised mainly to accelerate its sales. The idea behind Comeet is to simplify the process of recruiting employees and enable all those involved (the recruiter, the interviewer, the manager, etc.) to take part in it. The company asserts that the technology it has developed is capable of cutting the time it takes to hire new employees by up to 80 percent. CEO Omer Tadjer, CPO Tomer Dikerman, and CTO Omer Gottlieb founded Comeet in 2013.
June 26, 2016 | American Associates, Ben-Gurion University of the Negev (AABGU) has announced a gift of $400 million from the estate of Dr. Howard and Lottie Marcus of San Diego, California. Lottie Marcus died this past December at age 99, while Howard died in 2014 at age 104. The legacy gift is believed to be the largest bequest on behalf of an Israeli university and may be the largest donation ever made to benefit any institution in the State of Israel. The funds will be used to establish a permanent endowment in support of Ben-Gurion University of the Negev, which will yield endowment assets that more than double the size of the current University endowment.
June 23, 2016 | Medical devices company ETView Medical Ltd. announced the closing of a deal for the company’s acquisition for $16 million: $12.3 million in cash and the rest in debt. The acquiring company is Ambu A/S, a medium-sized medical devices company listed on the Danish stock exchange at a $1.8 billion market cap. ETView has developed a device that improves the way respirator tubes are inserted into the breathing passages. The company’s respirator tubes contain a camera that makes it possible to view the lung when the tube is inserted in order to verify that the respirator tube is left in the right place. ETView specializes in selective respiration of one lung. ETView’s chairman is Todd Dolinger and its CEO is William Edelman. Founded in 2004, ETView’s chairman is Todd Dolinger and its CEO is William Edelman.
June 23, 2016 | Israeli blockchain startup Colu has closed a Series A financing round of $9.6 million. Investors included Aleph, Spark Capital, Digital Currency Group and former Thomson Reuters CEO Tom Glocer. The latest financing round brings the total amount raised by the company to $12.1 million. Founded in 2014 and based in Tel Aviv, Colu has developed a platform for creating digital currency. This platform is based on virtual currency blockchain technology and the company is currently shifting its focus to creating local currencies that help small businesses and improve local economic growth by strengthening the connection between buyer and seller. The digital currencies created can be used without the need of an intermediary such as a bank or credit card company. Colu has created digital currencies for two Tel Aviv neighborhoods – Jaffa and Florentin. The digital currency is linked to the shekel and according to the company is the Israeli digital equivalent of cash. The company says that its platform is already in use by municipal authorities in Barbados and Brazil. Colu currently has 24 employees and plans expanding its workforce to 30.
June 23, 2016 | Arbe Robotics, a drone startup using radar to avoid drone collisions, took first place among the ten Israeli startups competing at the first ever TechCrunch Meetup and Pitch-off in Tel Aviv last night. Second place went to 6over6 Vision, a digital response to vision care, and Fieldin, an IoT software service company that optimizes integrated pest management in orchards, groves and vineyards. placed third. The first place winner, Arbe, will get a table at the TechCrunch Disrupt Startup Alley in London this December, along with two tickets to the Disrupt conference. Second place 6over6 gets two tickets to the event, and Fieldin will get one. More than 900 people attended the event, which included talks by Israel’s former Prime Minister and President, Shimon Peres; leading entrepreneurs of Israelis startups; and leading Israeli VCs. The other Israeli startups competing in the pitch-off were: ChippedIn, Eco-Fusion, Fido, Fitfully, Insert, Lip, and Mego. The event was sponsored by Israel’s leading technology banking group Leumi Tech, and Blonde 2.0, an award-winning global PR agency based out of Tel Aviv.
June 22,2016 | Israeli cyber security company LightCyber has closed a $20 million financing round. The round was led by the US-based group, Access Industries, through its Israeli technology investments entity, Claltech, and network security luminary Shlomo Kramer, who joined the LightCyber board of directors last year. Existing investors Battery Ventures, Glilot Capital Partners and Amplify Partners also participated in this latest financing round. With offices in Ramat Gan and the US, LightCyber was founded in 2012 by CPO Giora Engel and CTO Michael Mumcuglu. The company provides Behavioral Attack Detection solutions and its products have been deployed by top-tier customers around the world in industries including the financial, legal, telecom, government, media and technology sectors.
June 22, 2016 | Israeli startup Vayyar won the fast-pitch contest held by the Consumer Technology Association in Tel Aviv today, as part of the organization’s 20th annual summit held in Israel. Vayyar will win free booth space at next year’s CES event, the largest consumer electronics show in the world. Founded in 2011 by Raviv Melamed, Naftali Chayat and Miri Ratner, Vayyar has developed a 3D-imaging sensor technology that makes it possible to see through objects, potentially revolutionizing cancer detection, robotics, and smart home industries.
June 22, 2016 | Israeli Internet-of-Things startup Kwik has raised $3 million in a financing round led by Norwest Venture Partners. Kwik is an open end-to-end IoT platform connecting retailers, brands and delivery providers, enabling brands to develop direct relationships with their consumers in their homes. In effect, the Tel Aviv-based company has developed smart buttons, similar to Amazon’s dash buttons, which let consumers order products from their home by pressing a button. Kwik, “Techcrunch” reports is working with Domino’s, Budweiser, Huggie’s and others on the subject. With a beta-site operating in Israel, the company will use the proceeds of the financing round to expand to the US. The company was founded by CEO Ofer Klein and CTO Shlomi Atias.
June 22, 2016 | Ten startups have completed the eighth batch of Microsoft Ventures Accelerator program in Israel. Six of the ten have already raised or have been offered a combined total of $27 million in funding. The companies in the eighth batch, such a Spotinst, a startup building the world’s first virtual cloud, Imagry, which is creating an engine to identify objects by video in real-time, and Genoox, a revolutionary big data platform for storing and managing genomic data in the cloud, come from a variety of fields. The other startup graduates in the eighth batch include: Banana Splash, Unomy, Coralogix, Paykey, Yooocan, Convia, and Datarails. With this eight batch, the Tel Aviv program switched to a “Scalerator”mode, focusing on maturing selected startups and supporting them with all aspects needed for scaling up and building strong global companies. To better fulfill the needs of these more mature companies, Microsoft Ventures revised their agenda, content and processes to provide an even more comprehensive, tailor-made program.
June 21, 2016 | Israeli startup Airobotics, which has developed a fully automatic drone platform, announced its public launch and the closing of $28.5 million in combined A and B round financing. Round A was led by BlueRun Ventures, followed by a Round B of investments led by CRV. Airobotics has also received investments from Israel’s Chief Scientist and Silicon Valley’s UpWest Labs, as well as Noam Bardin, the CEO of Waze, and Richard Wooldridge, Google ATAP’s COO. The Tel Aviv based company is cofounded by CEO Ran Krauss and VP R&D Meir Kliner and has 70 employees.
| June 21, 2016 | Six Israeli universities have been ranked in the top 100 of Times Higher Education Top 200 Universities in Asia for 2016. First among the Israeli universities was Hebrew University which was ranked 17th, followed closesly by Tel Aviv University (20) and The Technion Israel Institute of Technology (36). Bar-Ilan University (67), Ben-Gurion University (79), and University of Haifa (87) rounded out the Israeli universities on the list. These are the fourth annual Asia University Rankings, Times Higher Education’s ranking of the top 200 universities in Asia, compiled and published by the British magazine Times Higher Education.
June 21, 2016 | Three Israeli startups will head to Beijing, China this August to vie for the $1.5 million prize as part of Shengjing’s Global Innovation Awards 2016. The startups that were selected are genetic-therapy-for-cancer-developer Boomerang, mobile speech therapy startup NiNiSpeech and creator of autonomous navigation system for drones, Aerial Guard. These startups will compete against American, European and Chinese companies for a $1.5 million grad prize, as well as the opportunity to earn an investment from a special $25 million fund established by the Shengjing Group. The Israel segment of the Global Innovation Awards was led by the leading venture capital firm, Jerusalem Venture Partners (JVP).
June 21, 2016 | Sony Pictures Entertainment announced that it has invested in Israeli video startup Interlude. No financial details were disclosed but sources believe that the investment is $50-$100 million. In addition Sony and Interlude will collaborate in developing entertainment content that will be distributed on Interlude’s platform. With offices in New York and Tel Aviv, Interlude is a media and technology company that is pioneering a new kind of video that responds to a person’s emotions and interests. Founded by CEO Yoni Bloch in 2010, Interlude has raised $38.2 million to date including an $18.2 million financing round in December 2015 from Metro-Goldwyn-Mayer Studios, Warner Music Group, Samsung, Sequoia Capital and Intel Capital. The company, which has developed the Eko interactive storytelling platform, has 60 employees, half of them in Israel.
June 20, 2016 | Israeli startup Moburst, which serves as a marketing agency for mobile applications, has closed a $1.6 million financing round. Since its founding in 2012, the Ra’anana based company has raised $2.4 million. The company has 15 employees and the main investors are Elevator fund and German bank CentralWay. Over the past year, Moburst has expanded its customer base to include huge global brands such as eBay, Pfizer, Google and Hotels Combined.
June 20, 2016 | Israeli high-tech firm Mellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for data center servers and storage systems, announced that Mellanox interconnect solutions accelerate the world’s fastest supercomputer, at the supercomputing center in Wuxi, China. The new number one supercomputer delivers 93 Petaflops (3 times higher compared to the previous top system), connecting nearly 41 thousand nodes and more than ten million CPU cores. Mellanox’s InfiniBand solutions now accelerate nearly 50 percent of the world Petascale-performance systems on the TOP500 list, 1.6 times more than the closest competitor. Mellanox was founded in 1999 by Eyal Waldman, Shani Cohen and Roni Ashuri and has a current market cap of $1.9 billion.
June 16, 2016 | Electronics For Imaging, Inc. has announced the acquisition of privately held Israeli company Optitex Ltd., based in Petah Tikva. Optitex produces 3D design software for the textile industry. Optitex will be integrated into EFI’s Productivity Software business unit. The deal is worth up to $52.8 million. The approximately 100 members of the Optitex team have joined EFI. Optitex has offices in the US, Italy, India, Hong Kong and Israel.
June 19, 2016| Birthright Israel’s Leadership Program, “Birthright Israel Excel“, is launching “Excel Ventures” – a first of its kind program which invites young entrepreneurs from both leading American universities and the Israeli Defense Forces’ most prominent tech units, to join together in an innovative program to create the next big startups. The 10 week program will be held in Tel Aviv and will serve as an accelerator for the young entrepreneurs. In the program they will go through all the critical stages of bringing an idea to life, putting a team together, finding investors and carrying out a reality-changing new concept. The participants will be mentored by leading figures from the Israeli startup community, including Yoram Tietz (Managing Partner, Ernest & Young), Liat Aaronson (Partner, Marker LLC Venture Capital), Yifat Oron (CEO of LeumiTech), and Amir Pinchas (Head of Microsoft Ventures Startup Portfolio and Operations) among others. Excel Ventures is funded by the Steinhardt Foundation, the Schusterman Foundation and the Paul Singer Foundation, with the cooperation of other leading groups such as Ernest & Young and the Rise Community.
June 16, 2016 | Israeli baby-safe smart monitor developer Nanit has raised a $6.6 million seed round of financing, led by Mark Suster at Upfront Ventures with participation from RRE, 645 Ventures, Jacobs Technion-Cornell Institute, Flex, and Jerry Yang’s AME Cloud Ventures. The company has also launched its Baby-Safe smart monitor that uses machine learning to provide sleep insights camera vision. Nanit provides comprehensive sleep reports that measure a baby’s behavior throughout the night without requiring any kind of wearable component. The camera has been uniquely designed to track and analyze baby sleep patterns using smart algorithms and an elegant design solution with the highest safety standards. With offices in New York and Ramat Gan, Nani was founded by CEO Assaf Glazer, Tor Ivry, and Andrew Berman.
June 16, 2016| Israeli startup Abbi, a marketing solution for mobile developers aimed at significantly growing user click rates, was awarded first place in the Startup Competition at the Israel Mobile Summit 2016. Over 50 startups applied to compete in the competition, with seven reaching the final round. Second place went to Pixoneye, an Israeli startup harnessing the potential of image understanding on mobile devices to provide customers with the ultimate key to capture consumer’s ever-changing needs. Reporty, a startup connecting civilians to emergency services, whose chairman is former Israeli prime minister Ehud Barak, took third place in the contest. First place winner Abbi won a trip to China to participate in GSMA Mobile World Congress Shanghai later this month. First place winner Abbi also won $2,500 from Performance Revenues and Applause which will go towards marketing and product testing. The panel of expert judges included representatives from IBM, Applause, ClickBakers, Performance Revenues, StartApp, AppsFlyer, and AppAnnie.
June 16, 2016 | Video marketing technology company Eyeview today announced it has received $21.5 million in Series D financing led by new investor Qumra Capital. Existing investors Marker LLC, Innovation Endeavors, Nauta Capital, Gemini Israel Ventures and Lightspeed Venture Partners also participated in the financing round. Eyeview has raised $56.8 million to date including the latest financing. Eyeview strives to fuse the effectiveness of TV video branding with the efficiency of digital personalization, Eyeview was founded in 2007 by Oren Harnevo, Tal Riesenfeld and Gal Barnea, is headquartered in New York, and has development offices in Tel Aviv.
June 16, 2016 | Israeli augmented reality startup Lumus Ltd., has raised $15 million in financing from Chinese investors. The investment was led by Shanda Group, a global private investment group, along with Crystal-Optech, a leading Chinese photo-electric component manufacturer. Based in Rehovot, Lumus develops high-end transparent near-to-eye displays for augmented reality (AR), mixed reality (MR) and smart eyewear. Lumus will use the funding to scale up production of its market-leading, patent-protected optical technology for the emerging consumer market. Lumus develops and sells transparent displays to companies working on developing consumer and enterprise AR solutions.
June 15, 2016 | Sixgill, a ‘cyber intelligence’ SaaS startup that analyzes the Dark Web, has just launched publicly and is announcing that it has closed a $5 million funding round led by Elron, an Israeli holding company dedicated to building technology companies. The new capital will not only be used to launch, but also to further develop the Tel Aviv-based startup’s technology to be able to detect and defuse cyber-attacks and sensitive data leaks originating from the Dark Web before they occur. Specific to this is the ability to provide clients with a heads-up via real-time alerts. Sixgill was founded by Elad Lavi and Avi Kasztan in 2014 and is based in the northern part of Israel in Yoqneam Illit.
June 15, 2o16 |Talkspace, a New York City-based provider of an online therapy platform, raised $15 million in Series B funding. The round was led by Norwest Venture Partners, with participation from existing investors Spark Capital, Soft Bank, Metamorphic Ventures and TheTime. In conjunction with the funding Jeff Crowe, Managing Partner at Norwest Venture Partners, joined Talkspace’s Board of Directors. The company will use the funds to continue to grow operations. Talkspace provides the Unlimited Messaging Therapy program, which connects people with a licensed therapist on the web or via mobile apps featuring the ability to audio and video messages to enable users to have closer relationships with their therapists. To date, the platform has provided 300,000 people with a mental health care from almost 1,000 specialists. Talkspace is powered by IBM’s Watson, a platform that uses semantic analysis to determine things about users’ personalities. Talkspace was founded by Israelis Oren and Roni Frank in 2012.
June 15, 2016 | Israeli startup Nexar, a platform that hopes to influence how people drive, announced the end of their Series A round, bringing in $10.5 million in funding. The round was lead by new investors Mosaic Ventures and True Ventures, with seed backers Aleph and Slow Ventures taking part as well. Coupled with their initial funding, this round brings the company to a total of $14.5 million raised. Co-founded by CEO Eran Shir, the former manager of Yahoo’s Creation Innovation Center in Israel, and CTO Bruno Fernandez-Ruiz, Nexar uses smartphones to create an AI-backed vehicle-to-vehicle network that works to predict and prevent accidents.
June 15, 2016 | Israeli startup Nuro Secure Messaging has closed a $2.6 million financing round. Erez Kreiner, former director of Israeli security in Europe and director of Israel’s National Cyber Security Authority, participated in this round that will help Nuro accelerate its go-to market strategy and grow its product offerings to its growing list of international customers in industries as diverse as finance, healthcare, law and advertising. The Tel Aviv-based startup is a cognitive enterprise-grade secure group-messaging and collaboration platform designed for employees and external partners for corporations, government agencies and the military to communicate in a controlled and compliant private messaging environment. The company was founded by executive chairman J.R. Smith, the former CEO of AVG Technologies, CEO Eran Pfeffer, and CMO Omri Sigelman.
June 14, 2016 | Cisco Systems has invested $15 million in Israeli storage software start-up Elastifile, bringing total investment this year to $50 million. Elastifile, which helps enterprises scale out primary storage, has said the additional funds would enable it to aggressively market its technology that enables customers to expand the number of applications they can deploy on flash. In January it raised $35 million in a second private funding round led by existing investors Battery Ventures and Lightspeed Venture Partners.
June 14, 2016 | Meta, the creators of augmented reality goggles, announced that it raised $50 million in a Series B funding round. Industry sources estimated that the current round values the company, after money, at $300 million. Meta makes an AR headset/glasses of the same name, as well as software to run on it. The company plans to use the money to continue building out its technology, developing apps, expanding into new markets like China, and working on the next generation of its headset, the Meta 3. Meta was founded in 2012 by Raymond Lo, Ben Sand and Meron Gribetz and is based out of California.
June 14, 2016 | Israeli cyber security company Armeron has secured $2 million in financing from Glilot Capital Partners, a venture capital fund specializing in Enterprise Software. Armeron’s isolation technology disregards any manipulation attempts on the request sent to the application, which renders all known or unknown application attacks irrelevant. Armeron was founded by Tsion Gonen, Ron Kuper and Dan Pasternak. Prior to founding Armeron, Gonen served in leading roles at global information security companies, most recently as the chief strategy officer for SafeNet Inc, a global leader in data protection. With headquarters in Maryland, USA and a development center in Israel, Armeron currently employs a team of 13, mostly in Israel.
June 9, 2016 | AppFront, an Israeli startup looking to help restaurants automate bookings using Facebook Messenger bots, has rasised $1.5 million in seed funding from angel investors and prominent VC seed fund 500 Startups. This marks 500 Startups’ first ever investment in an Israeli startup. AppFront also introduced Order Bot, a new chatbot designed for reducing personnel costs through automation. Founded in 2014 by Ori Weisler and Yael Lador, AppFront is a real-time engagement and marketing optimization platform that uses prior purchasing data to “learn” about a brand or restaurant’s customers so they can tailor their marketing accordingly.
June 9, 2016 | Israeli startup FORTVISION has completed a $2.5 million financing round from private US investors. Previously, in its seed round, the company raised money from Wix.com Ltd. VP customer solutions Elad Eran. Founded in 2015, FORTVISION enables website owners to install a content balloon that is added to the site. The service is designed to improve screen usage, mainly for mobile phone surfing, and to bolster surfers’ involvement. FORTVISION’s platform also enables websites to “host” other websites. The company’s vision is to become the “AirBnB of websites.” CEO Raanan Eran founded FORTVISION, which is located in the Tel Aviv Port. The company says that it is growing rapidly and providing services to dozens of customers around the world.
June 9, 2016 | Israeli startup Reporty won last night’s “Tel Aviv Startup Challenge” competition run by StarTAU, Tel Aviv University’s entrepreneurship center. Using the power of the crowd, Reporty is revolutionizing the way first response and public safety agencies manage events in the field. The Reporty app, which connects civilians to emergency services, was launched earlier this year. Reporty was founded by Amir Elichai, Alex Dizengof, Lital Leshem and Yoni Yatsun; its chairman is former Israeli prime minister Ehud Barak.
June 8, 2016 | Zimperium Inc. , which provides a mobile threat management platform to deliver continuous and real-time cyber threat protection for mobile devices and applications, has closed $25 million in Series C funding. Warburg Pincus led the round with participation from existing investors Sierra Ventures, Telstra Ventures and Lazarus Israel Opportunities Fund LLLP. Warburg Pincus Managing Directors Cary Davis and Ashutosh Somani will join Zimperium’s board of directors. Zimperium plans to use the funding to expand its global customer reach and mobile partner ecosystem. Zimperium, which is headquartered in San Francisco and has offices in Tel Aviv, was founded in 2010 by CTO Zuk Avraham and CRO Elia Yehuda.
June 8, 2016 | Israeli retail image recognition company Trax has raised $40 million in a Series C round from existing shareholders to support the growth, new product development and technical innovation of the company. Trax turns shelf images into real-time actionable insights by delivering a unique image recognition platform for the retail industry. Recognizing over 8 million images (with more than 1 million store visits) every month, Trax provides the highest accuracy of data, intelligence, insights and recommendations to consumer good companies and retailers in over 40 countries. Trax will use its latest round of investment, which is its largest to date, to expand its global operations with a focus in North America and a new product line for top tier retailers. Headquartered in Singapore, Trax has over 220 employees worldwide, 130 of whom are based in the company’s R&D and Computer Vision Centre of Excellence in Tel Aviv.
June 8, 2016 | Israeli personalized video company SundaySky has completed its Series D financing round and raised an additional $30 million, bringing total investments in the company to $67 million. Israeli investment firm Viola Private Equity led the round. Founded in 2006 by Shmulik Weller and Yaniv Axen, SundaySky’s platform combines the power of video with personalized storytelling to foster long-term customer relationships.
June 7, 2016 | US soft drink manufacturer Cott is acquiring Eden Springs, the parent company of Israeli mineral water producer Mey Eden, for $535 million (NIS 2 billion) from Rhone Capital. The merged company will be the world’s leading water and coffee solutions platform. Cott has over 9,500 employees, with business in the US, Canada, Mexico, and the UK. The company exports soft drink concentrates to over 50 countries. The Eden Springs acquisition will bring its business turnover to $3.5 billion. Completion of the deal is slated for the third quarter of the year. Eden Springs has a customer base consisting of more than 800,000 business and private customers in 18 countries, with a million water and coffee machines. The company has over 3,200 employees, with business in Israel and Europe, including 28 production plants, 150 branches, and a fleet of over 1,150 service vehicles.
June 7, 2016 | Israeli data storage company Weka.IO Ltd. announced today the closing of Series B funding, with participation from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Gemini Israel Ventures, Norwest Venture Partners, WRV II, L.P. and several individual investors. This new investment round brings the total capital raised to over $32 million. The new funding will be used to accelerate Weka.IO’s go-to-market strategy, with immediate plans to expand sales and marketing in the USA. The company will also apply the funds to continue building an exceptional engineering team at its offices in Tel Aviv and San Jose, California. Founded in 2013, Weka.IO’s software defined storage (SDS) technology is transforming enterprise and cloud storage by radically simplifying the way storage is deployed in the datacenter.
June 7, 2016 | Israel’s IDC Herzliya will start a new program in October to promote innovation and entrepreneurship. The one-year program for holders of a BA, called IDCBeyond, will include a curriculum of interdisciplinary training in technology, biomedicine, globalization and sustainability while encouraging participants to set up ventures from the very start, with the assistance of mentors from academia and industry. At the end of the school year, those with exceptional initiatives will participate in an accelerator and will be rewarded with access to venture capital funds and networking to further promote their projects. Postgraduate students who have a strong passion for entrepreneurship and a background in science and medicine, engineering, computer science, business administration, design and architecture can apply for the program. Nava Swersky Sofer, a technology entrepreneur, will head the program, which will be part of the Adelson School of Entrepreneurship at IDC. Swersky Sofer has over 25 years of international experience as an entrepreneur and manager, is an investor in venture capital and is an expert in the fields of innovation and technology commercialization. She is also a member of international forums for innovation and technology promotion, a director at several companies, and the former president and CEO of Yissum, the technology commercialization company of the Hebrew University of Jerusalem. The IDC was founded in 1994 by Prof. Uriel Reichman as a private, nonprofit institution for higher education that doesn’t rely on government subsidies.
June 7, 2016 | HiBob, an Israeli-British startup developing human resources management software, went out of stealth mode and announced Monday it had secured $7.5 million in funding from the U.S. fund Bessemer Venture partners and a group of UK angel investors. The company was formed only last year by four Israelis led by CEO Ronni Zehavi, who had previous led Contendo, a startup sold to Akamai five years ago for $268 million. HiBob’s platform is aimed at HR departments at companies employing up to 300 people, with its market focus on Britain. Its most unique feature is an automated function that identifies employees in need of pension consulting or advice on health insurance. HiBob employs 40 people evenly divided between Israel and the UK. Despite its focus on the British market, Zehavi said the company planned to keep its Israel research and development operation intact and expand the payroll by scores of employees in the coming year.
June 6 2o16 |NASA Administrator Charles Bolden arrived in Israel for an official which he began today by meeting with the Minister of Science, Technology and Space, Ofir Akunis. Also participating in the meeting, which took place at the Givatayim Observatory, were Peretz Vazan, CEO of the Ministery of Science, Technology and Space, the mayor of Givatayim, Ran Kunik, and other honored guests. During his visit to Israel, Bolden will meet with entrepreneurs and students involved in space research . On Tuesday, he will deliver a guest lecture at Bar Ilan University where he will receive an honorary doctorate. One of the main issues NASA is investigating now is the plantet Mars.
June 5, 2o16 | In a milestone for Tel Aviv University (TAU) and Israel’s film industry, the Steve Tisch School of Film and Television at the Yolanda and David Katz Faculty of Arts was inaugurated during the Board of Governors Meeting by Steve Tisch, a 2016 TAU Honorary Doctorate recipient. In 2015, TAU announced a $10 million gift from Tisch to transform the University’s renowned Department of Film and Television into the Steve Tisch School of Film and Television. Over the last year, his investment has helped TAU enhance curriculum, attract and expand top-level talent, boost its capacity to offer scholarships, provide new state-of-the-art equipment and building renovations and bring further international collaborations at the School. The Hollywood Reporter ranked the Steve Tisch School of Film & TV among the top 15 international film schools for the second year in a row. The School has won top titles at film festivals around the world this year, including the Montreal World Film Festival, Shanghai International Film Festival, Palm Springs Short Film Festival, Rome International Film Festival, American Documentary Film Festival and the Sundance Film Festival.
June 5, 2016 | Israeli video advertising startup GMS Digital has been acquired by WhiteSmoke for $1.2M. WhiteSmoke, which employs natural language processing and AI technologies to develop products that enhance English writing, was founded in 2012 and is run by CEO Itay Meroz. GMS Digital, a provider of digital video advertising solutions, was founded in 2014 by Danny Slavin, who is the startup’s CEO. According to the details of the deal, the employees of GMS Digital will join WhiteSmoke’s Israel offices and became a division of WhiteSmoke.
June 2, 2016 | Israeli enterprise guidance and engagement startup WalkMe has raised $50 million in a financing round led by Insight Venture Partners with participation from previous WalkMe investors, including Scale Venture Partners, Giza Venture Capital, Gemini Israel Ventures, and Mangrove Capital Partners. WalkMe provides a cloud-based service designed to help customer service managers to guide and engage customers and employees. Founded in 2012 by Dan Adika and Eyal Cohen, the company has raised a total of $92.5 million to date. WalkMe currently has 300 employees, including 175 in Israel, and is growing rapidly. The company has opened two new US branches over the past year: one in New York and one in North Carolina.
June 2, 2016 | International computing giant IBM has announced it will acquire EZSource, an Israel-based application discovery company, to help developers modernize mainframe applications for digital business. Financial terms of the deal were not disclosed. IBM, which has made 13 other acquisitions of Israeli companies since 1998, said the planned purchase is expected to close in the second quarter subject to completion of governmental review. Applications can be made up of hundreds of thousands of lines of code and updating the code may take weeks. EZSource provides a visual dashboard to show developers which applications have changed to ease the modernization process. EZSource was founded in 2003 and has offices in Israel, the United States, UK, Switzerland, Japan and Romania. Its clients include ING Life, Maybank and 7-Eleven. IBM’s last acquisition in Israel was Trusteer in 2013, for which it paid more than $600 million.
June 2, 2016 | EarlySense, an Israeli company providing contact-free patient monitoring, announced it has raised $25 million in a funding round led by Bank Hapoalim, with participation from Pitango Venture Capital, JK&B and other previous investors. EarlySense, which makes a sensor that is placed under the mattress and monitors the heart and respiratory rate, has to date raised $100 million. According to the company, over 100,000 patients will be monitored with EarlySense’s sensors this year. In January 2015, EarlySense raised $20 million in a round led by Samsung Ventures.
June 2, 2016 | Israeli startup Oribi completed a first round of funding of $5.4 million. The round was led by Sequoia Capital, TLV Partners, and investor Zohar Gilon. Oribi develops analytics tools for business intelligence, mostly for those working in product and sales. Oribi was founded in 2015 by serial entrepreneur Iris Shoor, who previously founded Takipi and VisualTao. The company operates with a small team of just three employees, but soon plans to expand its staff in Tel Aviv to 15, mostly programmers.
June 1, 2016 | Israeli data analytics startup Signals Group has raised $10 million. The round was led by late-stage venture fund Qumra Capital, which joins existing investors in the company Sequoia Capital and TPY Capital. The current round comes less than a year after the company’s Series B round in which it raised $15 million. The company says that new funding will be used to further accelerate Signals Group’s rapid global expansion and plans to recruit employees to its offices in Netanya, Geneva and New York. Signals Founded in 2009 by its CEO Gil Sadeh and Kobi Gershoni, Chief Research Officer and General Manager US. Sadeh, the company currently employs more than 100 people. Signals Group collects, analyzes and pairs disparate external data sources for Fortune 500 companies including Johnson & Johnson, Procter & Gamble, and PepsiCo.
May 31, 2016 | Israel-based Twiggle announced they have secured a significant investment from e-commerce giant Alibaba. While the exact amount of the deal has not been disclosed, the investment is believed to be in the $5 million range. Twiggle already raised $2.2 million in their seed round followed by $12.5 million from strategic investor Naspers, along with State of Mind Ventures and Sir Ronald Cohen, bringing their total funding to date to over $20 million. Co-founded in 2013 by CEO Dr. Amir Konigsberg, previously one of the members of Google’s emerging markets operations and former managing director of MySupermarket.com, and Dr. Adi Avidor, a former engineering tech lead at Google, Twiggle’s groundbreaking technology works with e-commerce giants to make the online shopping experience more natural, allowing consumers to describe what they are looking for in real human language and receive results that are relevant.
May 30, 2016 | Global chip giant Intel announced yesterday that the company would create a fintech innovation lab in association with The Floor, a fintech hub based at the Tel Aviv Stock Exchange. The undertaking is aimed at identifying and developing technological innovations to upend and advance the global financial industry. Some of the technological focus will be devoted to blockchain (the technology behind crypto-currency Bitcoin), the Internet of Things (IoT) and biometrics. Intel intends to demonstrate its own technology at the lab and search for ways to collaborate with the hub’s entrepreneurs.
The Floor is backed by the Pando Group, a Chinese-Israeli venture capital fund, and has partnerships with international banks such as HSBC, RBS, Santander and Intesa Sanpaolo. Earlier this month, Intel announced it would be closing part of its Jerusalem facility, and consolidate the workers in its Kiryat Gat plant. Intel is in the process of upgrading that facility as part of a $6 billion investment which includes significant government grants and tax breaks. As part of the deal, Intel vowed to increase employment at the facility by 1,000. The company says it has every intention to fulfill its obligations to the government.