February 7, 2016 | Israeli biomedical company Regentis Biomaterials announced today the closing their $15 million Series D funding round, led by Chinese pharmaceutical group Haisco with participation from existing investors: Medica Venture Partners, SCP Vitalife Partners, Italian asset manager Generali Investment, and the technology transfer company of the Technion, T3. Led by CEO and President Dr. Alastair Clemow, Regentis Biomaterials is developing hydrogels for tissue regeneration originally developed at the Technion University by Dr. Dror Seliktar. The company’s flagship product, GelrinC™, combines the stability and versatility of a synthetic material with the bio-functionality of a natural substance. Currently the treatment is under clinical trials for the treatment of articular cartilage lesions.
February 7 2015 | The Israeli bitcoin startup Simplex has raised $7 million in a Series A funding round, including investment from bitcoin mining firms Bitmain and Cumberland Mining, as well as crowdfunding platform FundersClub. The new capital adds to the $1.4 million the company already raised, bringing the firm’s total fundraising to $8.4 million, which will allow the company to facilitate faster purchases of bitcoin via credit card, while beefing up their fraud protection services. Founded in 2014 by serial entrepreneur Nimrod Lehavi and two PayPal veterans, Erez Shapira and Netanel Kabala, Simplex enables crypto currency businesses to accept credit cards with zero charge. “With Simplex, transactions are convenient, carry less restrictions, and occur almost instantaneously. Bitcoin buyers can use Simplex’s checkout page on Bitcoin exchanges, broker websites, and wallet applications, then proceed with their purchases, as they would on any e-commerce site”, CEO Lehavi said in a statement.
February 7, 2015 | Israeli cloud backup and recovery startup Ownbackup has raised $3.5 million in a Series A Rounds led by Eric Schmidt’s Innovation Endeavors, with additional participation from Oryzn Capital. The announcement was made this past Thursday at the demo day of Microsoft Ventures Accelerator (it’s seventh batch so far), in which the company participated. Founded in 2012 and led by CEO Sam Gutmann, OwnBackup recovers lost and corrupted data caused by human errors, malicious intent, integration errors and rogue applications. The company is the top-ranked backup and restore ISV on the Salesforce.com AppExchange and was selected as a Gartner 2015 “Cool Vendor” in Business Continuity and IT Disaster Recovery.
February 7 , 2015 | Israeli cyber security analytics company Skybox Security has raised $16 million from US private equity firm Providence Strategic Growth (PSG). The private equity house has also bought a $80 million controlling stake in the company from existing shareholders. Founded in 2002 by CEO Gidi Cohen, Moshe Meiseles, and Eran Reshef, Skybox Security provides risk analytics for enterprise security management. Network security and operations teams in the financial services, telecoms, retail, energy and government sectors rely on Skybox Security solutions to prevent cyber threats, reduce risk exposure and demonstrate network compliance with regulations. Today Skybox is headquartered in Silicon Valley and runs an R&D center in Herzliya Pituach, where about half of the company’s 120 employees work. To date, the company has raised $138 million, including investment from Benchmark Capital, Carmel Ventures, Valley Fund, and Mitsubishi Fund.
February 4, 2015 | Ben Gurion University of the Negev (BGU) is launching a summer program for international students in data mining and business intelligence. BGU President Prof. Rivka Carmi made the announcement last week during her opening remarks at the Cybertech conference in Tel Aviv. “The world is increasingly turning to Israel for cyber security, and within Israel, BGU is leading Beer-Sheva to become a major national and international center,” said Carmi, who has spearheaded the CyberSpark initiative, drawing Deutsche Telekom, EMC, Lockheed Martin, IBM, PayPal and other multination companies which have opened centers of excellence at the Gav Yam Negev Advanced Technologies Park (ATP) adjacent to the University. This new program will offer two academic courses where students will learn the basic tools of data mining and the utilization of machine learning techniques for cyber security. The program will include a mandatory one week internship at BGU’s Cyber Security Research Center that will correspond with course materials. In addition, students will take part in professional fieldtrips to leading companies, in order to enhance their understanding of data mining and cyber security.
February 3, 2016 | The number of private equity (PE) deals in 2015 increased by 13 percent, from 80 to 90 deals, according to research firm IVC and law firm Shibolet. Their annual report recorded a total of $3.4 billion in PE investments in Israeli companies, a three percent increase from last year, and three percent below the $3.5 billion invested in PE in 2012, the record year so far. Foreign PE funds accounted for the majority of Israeli PE investments in 2015 with $2.2 billion or 64 percent of the total capital, including the two largest deals: XIO Group’s buyout of aesthetics company Lumenis for $510 million and Francisco Partners’ buyout of ClickSoftware for $438 million. “Looking at the number of new growth funds raising capital and the over subscription for Israeli PE funds we have seen, we believe that the positive trend in the Israeli private equity market is likely to continue,” Omer Ben-Zvi Partner at Shibolet & Co said in a statement. However, he warned that “the private equity market is affected by global changes, so recent developments, such as the ones in the Asian capital markets, are likely to have an impact on the Israeli private equity market as well.”
February 3, 2016 | Online gambling platform Playtech, controlled by Israeli entrepreneur Teddy Sagi, is vying with bookmakers William Hill and Paddy Power to purchase OpenBet, a UK-based gambling software company. However, OpenBet’s owner Vitruvian Private Equity bought OpenBet five years ago from Rupert Murdoch’s NDS for £208 million ($296 million) and is now reportedly asking for £300 million ($427 million)—a million more than what Sagi is thought to have offered. Founded in 1999, Playtech is now traded on the London Stock Exchange with a current share price of £7.65, a P/E ratio of £20.04, and a market cap of £2.45 billion.
February 3, 2016 | Israeli life sciences venture capital firm Pontifax has raised $ 50 million for its first fund in food and agriculture technologies, Calcalist reports. Established in 2004 and run by Co-Founder and CEO Tomer Kariv, Pontifax specializes in pharmaceutical, biotech and medical devices investments. The Herzliya-based firm currently manages $ 445 million in four funds, investing in over 40 companies, two of which have recently exited: exoskeleton system ReWalk, which now trades on the Nasdaq for $10 per share with a $125.17 million market cap, and cancer immunotherapy drug developer CCAM Biotherapeutics, recently acquired by Merck (for an undisclosed amount). Pontifax’s first two funds recorded impressive returns: the first fund raised in 2004 has achieved an annual return of 48 percent, and the second fund raised in 2007 has achieved an annual return of 31 percent.
February 3, 2016 | Content discovery platform Taboola, (the “you may like this” links at the end of articles) has reached 88 percent of U.S. desktop users, surpassing Google (86.2%), Facebook (61.5%), and Yahoo (60.3%), according to analytics company comScore. Despite the popularity of adblockers, the Israeli-founded company (now headquartered in New York) has raised $160 million in five funding rounds, including investment from Pitango Venutre Capital and Fidelity Investment Managers. Adam Singolda, founder and CEO at Taboola, said in a statement,“The latest numbers from comScore validate our continued efforts towards our vision of building a new category we call ‘discovery,’ connecting people with content they may like and never knew existed, alongside search and social. Consumers are awash with information, and we’re excited about the opportunity to create new ways for brands and publishers to break through and engage with audiences across the web, providing meaningful scale and ROI-driven storytelling.”
February 2, 2016 | Israeli cyber security startup Kaymera has raised $10 million in a round led by a Hong Kong venture fund (reported to be the website-less Go Capital) with additional participation from Israeli angel investors Eddy Shalev and Yariv Gilat. Using the newly raised capital, the company is expected to hire 10 new employees at their office in Herzliya as well as opening offices abroad (location TBC). Founded in 2013 and led by Co-Founder and CEO Avi Rosen, Kaymera has developed a mobile cyber defense system to provide enterprises with a multi-stacked approach that includes hardware enforced endpoint protection, encrypted data and behaviour analytics to monitor and mitigate mobile threats.
February 2 2016 | British publisher Oxford University Press (OUP) is teaming up with three Israeli startups to boost its online education services. Tel Aviv-based Tiny Tap will digitize some of Oxford University Press’ key pedagogical materials, making them available as cross-platform interactive lessons. Meanwhile, KIDOZ, a children’s content discovery platform based in Netanya, will make OUP content available to millions of children via KIDOZ’s exclusive content platform. E-book service provider Total Boox will also digitalize hundreds of OUP’s popular English teaching books and professional materials for language teachers available to libraries in the United States and millions of students and teachers worldwide. These agreements mark OUP’s most extensive collaboration with Israel so far and was made possible with the assistance of the British Embassy’s UK Israel Tech Hub.
February 2, 2015 | Israeli startup Nexense has raised $3 million at a valuation of $30 million for its snoring and sleep apnea treatment, which has already obtained CE marketing certification in Europe. The company says it has already sold 1,000 units of its product in Europe and Israel, and will use the new funding to develop the next generation of the product. Worn as a chest strap or wristwatch, the Nexense device monitors various physical parameters during sleep, and vibrates—without waking the sleeper—when it detects snoring or sleep apnea. The Ramat Gan-based company led by CEO Bary Molchadsky has already partnered with General Electric, which holds an 8% stake in the company.
February 1, 2016 | Israeli Internet-of-Things startup Atomation has raised $1 million in a financing round led by US venture capital firm JANVEST Capital Partners. Also participating in the investment round were Moshe Hogeg’s fund Singulariteam, a group of Australian investors from the telecoms industry, and Vocus Communications deputy chairman Tony Grist. Founded in 2014 by CEO Guy Weitzman and CTO Eran Keshet, Atomation is building an ecosystem of “atoms”, or modular hardware with Bluetooth 4 BLE connectivity, which gives any array of products IoT functionality. The company recently signed agreements to implement its technology in agriculture, consumer electronics, and medical devices, and also released a mobile SDK for mobile developers to begin creating IoT-based applications.
February 1, 2016 | Co-working space WeWork has announced the opening of an Israel-based R&D center, led by Ron Gura, former head of eBay’s Innovation Labs in Israel. Gura will bring his knowhow from eBay, as well as his experience serving as an entrepreneur in residence at VC firm Aleph Partners, to develop WeWork Digital, a suite of added-value services for WeWork’s community of creators. Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork runs 77 sites in 23 cities around the world, including Berlin, London, Boston, New York and San Francisco, providing professionally designed workspace, as well as other services (insurance, consultancy, etc) that startups need in order to scale up. The company has achieved a valuation of $5-10 billion, after raising over $1 billion from institutional investors, including Goldman Sachs, Fidelity, J.P. Morgan and the Harvard Management Company.
January 31, 2016 | HeartWare International has cancelled its $929 million acquisition of Israeli company Valtech, the companies announced. “By stepping away from the acquisition, all of our resources will be dedicated to strengthening our existing business,” HeartWare said in a statement. This cancellation brings the total proceeds from acquisitions of Israeli high-tech companies in 2015 to $8.1 billion, down from the $9.02 billion figure recently reported by IVC Research Center. Valtech develops a number of non-invasive solutions for the treatment of heart conditions. It was founded in 1996 by CEO Yossi Gross and Yiftach Beinart.
January 29, 2016 | Researchers from Deutsche Telekom Innovation Labs at Ben Gurion University have discovered and traced six botnets by analyzing data collected from past cyber-attacks. Known as a zombie army, a botnet is a network of computers that have been remotely programmed, unbeknownst to their users, to forward transmissions, including spam or viruses, to other computers connected to the internet. Cyberattacks using botnets were largely untraceable until a team led by Profs. Bracha Shapira and Lior Rokach analyzed data captured by a “honeypot” (or decoy) network run by Deutsche Telekom. By analyzing the data, the team built a breakthrough program that identifies the botnet by finding similar attack patterns. Dudu Mimran, CTO of Deutsche Telekom Innovation Labs@BGU said, “In addition to the aforementioned findings, there were other interesting achievements. For example, the ability to identify whether the attack emanated from a real person or from a robot, as well as the ability to predict future attacks. This is the first time such a comprehensive study has been carried out and returned with unique findings.”
Jan. 28, 2016 | Israeli biopharmaceutical company Applied Immune Technologies (AIT) has been acquired by Menlo Park-based Adicet Bio for an undisclosed amount. Founded in 2006 by Prof. Yoram Reiter, Head of the Laboratory of Molecular Immunology at the Technion, Israel Institute of Technology and CEO Mira Peled-Kamar, AIT has developed therapeutic molecules for cancer, viral, and autoimmune diseases. The deal was announced last night along with Adicet’s $51 million Series A round, led by OrbiMed with participation from Novartis Venture Fund and Pontifax. “These significant financial resources will allow Adicet to progress its universal immune cell therapy (“uICT”) platform technology and related products and advance AIT’s programs and product pipeline,” said Aya Jakobovits, Ph.D., Founder, President and Chief Executive Officer of Adicet.
January 28, 2016 | The US Department of Defense is sponsoring a $200,000 Israeli startup competition focused on security and counter terrorism technologies, in conjunction with the MIT Enterprise Forum of Israel and the Israeli Ministry of Defense. The contest follows last year’s very successful $100,000 program. This year’s program consists of two tracks, one for Mobile Apps, one for all other relevant technologies (both cyber and physical), each with a $100,000 price. The tracks have different entry deadlines, judging panels, and evaluation processes, but the winners will be announced at the same conference on June 7.
January 28, 2016 | Israeli cyber security startup Minerva Labs won Glilot Capital Partner’s CYBOX competition, announced yesterday at CyberTech conference. Awarded most innovative cyber defense startup in Israel, Minerva has developed a low footprint endpoint protection platform focusing on preventing targeted attacks without the need to detect them first. Founded in 2014 by Edi Eddy Bobritsky, Erez Breiman and Omri Moyal, Minerva has raised an disclosed amount in their Series A round from StageOne Ventures. Other contestants included Intsights, Deep Instinct, Solebit Labs and Sixgill.
January 28, 2016 | Israeli biomedical company Mapi Pharma has set terms for a $50 million Nasdaq IPO at a company valuation of $194 million, offering 3.1 million shares at a price range of $15 to $17 under ticker symbol MAPI. The Ness Ziona based company is developing extended-release formulations of existing drugs including Teva’s multiple sclerosis treatment Copaxone. Founded in 2008, Mapi previously filed in 2014 and 2015 for an IPO but postponed its offering but is now going ahead despite the difficult market conditions.
January 28, 2016 | Israeli drug development company Advanced Inhalation Therapies (AIT) has submitted a revised draft prospectus for its imminent IPO on Nasdaq. The company, which develops products for the treatment of respiratory infections, plans to raise $12 million gross ($8.5-9 million net) at a company valuation of $35 million. The company’s shares will be traded on the secondary Nasdaq index under the AIT ticker symbol and will offer 675,000 units at $15 a unit, with each unit consisting of two ordinary shares and three options exercisable at 125% of the price of an ordinary share in the offering. AIT plans to use the proceeds from its IPO to pay for clinical trials of its various products and exercise options for acquiring patents. Founded in 2011 and led by CEO Amir Avniel (former CEO of Rosetta Green), AIT has four products in development, one of which has been granted orphan drug status by the authorities in the US and Europe for the treatment of cystic fibrosis. The company also has products for the treatment of bronchiolitis, pneumonia, and asthma.
January 28, 2016 | Israeli biomedical company MediWound submitted a shelf prospectus for raising up to $125 million in a secondary offering through an issue of shares, options, debt, and/or a combination of the three. Developer of the NexoBrid product for removing eschar, or damaged tissue often from severe burns, MediWound held its Nasdaq IPO in 2014, raising $75 million at $14 per share, compared with the current $7.20 share price. The product has yet to be approved for marketing in the US and the company had net losses of $7.8 million in the fourth quarter of 2015 and $22.1 million for the year, 9% and 17% more, respectively, than its losses in the corresponding periods of 2014. However, sales of NexoBrid have begun in several countries outside the US, generating $267,000 in revenues for Q4-2015, 115% more than in the corresponding quarter in 2014. Most of this growth is attributable to sales in Romania, following the humanitarian aid supplied there by the company. “We made meaningful strides in 2015 in enhancing interest in NexoBrid throughout Europe,” said Mediwound President Gal Cohen, adding that the company had trained over 75% of the burn centers in Europe, and that over half of these burn centers had begun using the product.
January 27, 2015 | Israeli cyber security startup Fireglass today announced its $20 million Series A funding round, led by Norwest Venture Partners, Lightspeed Venture Partners, and Singtel Innov8. Serial cyber security entrepreneurs Mickey Boodaei and Rakesh Loonkar, also participated in the round, which will enable the Tel Aviv startup to expand its R&D efforts and build sales, marketing and support teams in North America and Europe. Founded in 2014, by CEO Guy Guzner, formerly of Check Point and CTO Dan Amiga, formerly of Schneider Electric, Fireglass is developing enterprise network security solutions by eliminating web attack surfaces of both users and applications. The company’s products will aim to protect against known and unknown (zero-day) attacks, and also reduce operational overhead by consolidating an existing security solutions. Guzner said in a statement, “We are seeing an outstanding response from deployments at Fortune 500 enterprises looking to boost and consolidate their existing protection measures, and we’re proud to offer a solution that enables businesses to operate both productively and securely.”
January 27, 2016 | Elbit Systems’ cyber security unit CYBERBIT announced yesterday that it uncovered the advanced mechanism behind the Dridex malware, which is said to be responsible for the theft of over $50 million, including $30 million from UK accounts. The unique analysis was revealed by CYBERBIT’s malware research team, by conducting a detailed behavioral analysis of the malware. Because the Dridex malware is able to generate new variants for each attack, it can enter end-points (computers, phones, etc) undetected. Since its appearance in late 2014, Dridex has been one of the most notable malware threats, designed to steal personal banking information and credentials from small and medium-sized organizations.
January 27, 2016 | Israeli cyber security startup imVision has completed a $4 million series A financing round with the participation of China’s CE Ventures, Pitango Venture Capital, and other investors. imVision’s product addresses a major cyber security and operational risks in a fast growing telecommunications cloud market by securing mission critical services running over cloud or hybrid environment. The company intends to use the funding to strengthen the company’s Correlative Behavioral Analysis (C-BA) system and to develop the company’s business with worldwide networking providers. imVision founder and CEO Sharon Mantin said, “Telecom operators face a hugely complex and uncertain migration process as they transition from the “walled garden” of traditional physical infrastructure towards a virtualized Telco cloud environment. New network functions delivered as software, new vendors and open ecosystems all add up to new operational risks and security threats. imVision’s NSS solution was designed to support Telecom Operator through this transition path and provide them with an automatic detection and isolation tool to identify and understand anomalies in the new hybrid environment. Based in Ramat Gan, imVision was founded by Mantin, Yossi Barshishat, and Dr. Eli Plotnik.
January 26, 2016 | Israeli startup Memeni has raised $2.5 million from angel investors to launch a platform that will enable organizations to start their own branded social communities. Founded in 2012 by CEO Adam Fogel and Chairman Arik Benzino, Memeni provides a site for a brand’s audience to come together and collaborate, and won’t be limited to a ‘like’ or a ‘retweet.’ Memeni’s white-label solution lets brands create deeper and more meaningful engagements that will lead to new customers and higher revenues. The city of Tel Aviv uses Memeni for its Startup City, a hub for entrepreneurs, investors, and multinationals to host discussions, share events, and network. As the audience engages in these topics, the city can better target its communications, and strengthen its brand as a leading startup city.
January 26, 2015 | Haaretz reports that doctors at Hadassah Medical Center have discovered a rare genetic disease and succeeded in treating it with immunosuppressive drugs and a stem-cell transplant. The disease, known for the time being as TPP2 deficiency, is a blood disease in which a particular gene deficiency causes the immune system to attack itself, leading to severe side effects and imminent death. It is most common in populations in which close relatives marry each other. A report on the research, which appeared last year in Blood Journal was chosen by the American Society of Hematology as one of the top 10 stories for 2015.
January 26, 2016 | Media mogul Mortimer Zuckerman is launching a $100 million program to promote scientific collaboration between the United States and Israel. The Zuckerman STEM Leadership Program, announced yesterdat at a New York event that featured Gov. Andrew Cuomo and several Nobel laureates, promises to provide over $100 million in scholarships and related educational activities for participating scholars and universities. The program, which will launch in the 2016-17 academic year, aims to foster collaboration between the “highest-achieving” American post-doctoral researchers and graduate students and “leading researchers” at Hebrew University, the Technion, Tel Aviv University and the Weizmann Institute of Science, according to a statement issued. Zuckerman’s foundation has committed to invest in the program over the next 20 years and plans to ensure the program continues “in perpetuity.” According to Forbes magazine Zuckerman has a net worth of $2.5 billion and through his foundation has supported an array of Jewish, medical and scientific institutions.
January 26, 2016 | Israeli IoT startup Seebo, announced today that it has closed a $8.5 million Series A financing round, bringing the total raised to date to $14 million. The funding was led by Carmel Ventures, a member of the Viola Group, with participation from existing investors, including TPY Capital. The company also announced that Ori Bendori, General Partner at Carmel, will join its Board of Directors. Founded in 2012 by CEO Lior Akavia and COO Liran Akavia, Seebo provides companies with end-to-end tools and technology for the development, production and post launch needs of smart products, enabling product teams to expedite their go-to-market timeline while significantly lowering product lifetime costs. The company is currently working with numerous companies across a range of industries, including toy and children’s products, health and wellness, sports equipment, baby products, and education. “Introducing a smart, IoT-connected product to the market today is a long, costly and complicated process, often times leaving even the most motivated product teams frustrated and well over budget,” said Akavia. “Seebo allows any product team to easily transform innovation to creation and focus on what will drive value for their customers.”
January 25, 2016 | Today Honda announced its formal engagement with the Israeli tech community and partnership with crowdfunding platform OurCrowd. “Honda believes that partnering together with entrepreneurs, start-ups, developers and academic institutions will help us develop truly transformational new products,” said Nick Sugimoto, Senior Program Director for Honda Silicon Valley Lab, who spoke today at the OurCrowd Summit in Jerusalem. Drawn in by start-ups pursuing vehicle intelligence technologies, apps and software, along with several notable exits, Honda has engaged OurCrowd to access its portfolio companies and facilitate introductions to notable innovators and entrepreneurs. In addition Honda Developer Studio and Honda Xcelerator will be scoping out Israeli startups in the automotive space.
January 25, 2016 | Last year, 78 Israeli cyber-security companies collectively raised $540 million, an increase of 20 percent compared to 2014, according to a report prepared by IVC Research Center for the CyberTech 2016 Conference, held this week in Tel Aviv. In 2015, Israeli cyber-security startups were sold for a total of $1.2 billion, an increase of 40 percent compared to 2014, the report states.
January 25, 2016 | Israeli high-tech companies raised a record $4.43 billion in 2015, 30 percent more compared to 2014, according to a report released today by accounting firm KPMG and IVC Research Center. In the fourth quarter of 2015 alone, Israeli startups raised $1.2 billion.
January 25, 2016 | Israeli fintech startup BlueVine has closed $40 million in a Series C financing round, bringing the company’s total funding to $64 million to date. The investment was led by Menlo Ventures, with participation from new investor Rakuten FinTech Fund, and follow-on investments from Lightspeed Venture Partners, 83North, Correlation Ventures and private investors, as well as a new debt facility from Silicon Valley Bank. Headquartered in Palo Alto, California and with offices in Tel Aviv, BlueVine was founded by CEO Eyal Lifshitz and CTO Nir Klar in 2013 to give small businesses an advance on their invoices, freeing up their cash to meet payroll, buy supplies and expand their business. The company saw a twelvefold increase in funded invoices in 2015, and is on track to fund more than $200 million in working capital in the next year. Since launching in March 2014, BlueVine’s cloud-based invoice factoring service has helped thousands of small businesses obtain quick, easy access to funds they need to purchase inventory, cover expenses or expand operations.
Jan. 25, 2016 | Israeli IoT cybersecurity startup mPrest announced today that it has raised a $20 million Series A round of funding, led by GE Ventures, the venture arm of GE, and OurCrowd, one of the leading equity crowdfunding platforms. mPrest will use the investment to expand its international presence in the industrial and commercial markets and rapidly scale up to meet the needs of the IoT world. Founded in 2003 and led by CEO Natan Barak, mPrest has developed software for “connecting the dots” across multiple systems, providing mission-critical monitoring and control software for the Internet of Things (IoT) in critical infrastructure sectors, including defense and security bodies, electric and water utilities, smart cities and buildings, fleet management companies and other large organizations around the world. “mPrest has created a scalable software platform for smart asset management that has great industrial applications,” said Jonathan Pulitzer, managing director at GE Ventures. “We look forward to potentially partnering with mPrest and exploring applications of their technology for GE.” For the past six years, mPrest has also been a strategic partner with Rafael Advanced Defense Systems to supply the command and control system for the Iron Dome air-defense system, as well as many other large projects.
January 25, 2016 | Israeli Virtual Mobile Infrastructure (VMI) pioneer Nubo Software has completed a $7 million Series A financing round led by Magma Venture Partners with the participation of Motorola Solutions Venture Capital. Nubo will use the proceeds to expand its marketing, sales and support services for its remote enterprise workspace solution. Founded in 2001 by CEO Israel Lifshitzm, Nubo’s VMI infrastructure allows businesses to deliver corporate and consumer mobile apps as a display from a remote server, ensuring zero data is stored on employee devices. VMI technology affords enterprises a higher layer of security that completely separates corporate and personal environments without infringing on employee privacy. Because the corporate environment is controlled on one remote platform, IT can develop and manage just one customized app for any Android, iOS or HTML5-supported device. Enterprises no longer have to spend significant resources securing devices since they can simply be disconnected from access to the remote environment.
January 24, 2016 | OurCrowd, one of the world’s leading equity crowdfunding platforms, is expecting to host 3,000 investors, entrepreneurs, corporate partners, and venture capitalists from over 50 countries at its second annual Global Investor Summit in Jerusalem on Jan. 25th – the largest investor conference in the history of the city. The event at Binyanei Ha’uma, Israel’s National Convention Center, will be focused on the theme “investing in the future.” Six major multinational corporations – Honda, Coca-Cola Company, Samsung Ventures, Philips, Intuit, GE – will provide a preview of their future plans for innovation together with scores of startup companies in the key areas of mobility/transportation, corporate innovation, health, cyber security, IoT, and mobile communications. OurCrowd CEO Jon Medved said, “While most eyes are on stock market retreats on Wall Street and global markets, we are proud that we are hosting in Jerusalem a glimpse of a much brighter investor future. Israel’s technology sector is setting new records and continues to boom. We are delighted that we have so many investors joining us to build the next generation of Israeli tech giants.”
January 24, 2016 | Israeli DevOps startup JFrog has raised $50 million in their Series C round of financing, including investment from new investors Scale Venture Partners, Sapphire Ventures, Battery Ventures, Vintage Investment Partners and Qumra Capital. Existing investors, including Gemini Capital, also participated in the round. The company will use the funds to realize its vision by investing in the talent, technology advancements and global expansion needed to meet the growing demand for its DevOps and software distribution platform. JFrog Artifactory, the only universal Artifact Repository, is an essential component of the Continuous Integration pipeline and is changing how developers and DevOps team manage binary artifacts. Founded in 2008 by Chief Architect Fred Simon, CEO Shlomi Ben Haim and CTO Yoav Landman, the 110-person strong company is based in Netanya.
January 24, 2016 | Israel cyber security startup ForeScout Technologies has raised $76 million in a financing round led by Wellington Management. Now valued at $1 billion, ForeScout has tripled its valuation over the past 18 months while also surpassing $125 million in revenue in fiscal year 2015 (in excess of 50% compounded annual growth rate since 2012). The additional capital will be used to expand global field operations, build a support organization and increase R&D efforts to accelerate leadership in the Internet of Things (IoT). Headquartered in Campbell, California, ForeScout’s development center is in Ramat Hahayil, Tel Aviv where it has 150 employees. The company was founded in 2000 by Chairman Prof. Hezy Yeshurun from Tel Aviv’s Faculty of Computer Science, CTO Oded Comay, and senior manager Doron Shikmoni. Pitango led the company’s first financing round in 2001 and partner Rami Kalish serves on the board of directors.
January 24, 2016 | Japanese conglomerate Sony is set to buy Israeli semiconductor company Altair Semiconductor for $200 million. Established in 2005 by former Texas Instruments executives CEO Oded Melamed, CTO Yigal Bitran and VP Marketing Eran Eshed, Altair Semiconductor develops high performance single-mode Long Term Evolution (4G LTE) chipsets, including baseband processors, RF transceivers and a range of reference hardware products used in IoT. Since inception, the company has raised $135 million, including equity funding from Jerusalem Venture Partners (JVP) (21%), BRM Capital (18%), Bessemer Venture Partners (14%), Giza Venture Capital (13%), and Walden Israel (7%). Each of the founders holds a 0.5% stake in the company and will likely earn $1 million from the exit.
January 22, 2016| Amazon has chosen Israeli digital printing company Kornit for its Merch program, which like its self-publishing program, allows anyone to design and print t-shirts. Kornit was chosen for the on-demand production of textiles because of its high-productivity, digital apparel printing technology called Avalanche 1000. Traded on the NASDAQ since April 2015, Kornit was founded in 2003 as the first company to apply the methods of digital inkjet printing to garment production, and is today the world’s biggest seller of direct to garment printing systems.
January 21, 2015 | Israeli startup TravelersBox has raised $10 million in its Series A funding round, led by Singaporean fund Arbor Ventures. Existing investors also participated, including Pitango Ventures, Global Blue, iAngles, and an number of Israeli angel investors, bringing the total equity funding to $15.5 million. Founded in 2013 by Tomer Zussman and Idan Deshe, TravelersBox is an ATM-like machine at airports where travellers can deposit leftover foreign currency in exchange for an equivalent Paypal payment or e-gift card to Skype, itunes, Starbucks, and a host of other online retailers. Today, the company operates over 75 deposit machines in airports around the world.
January 21, 2016 | After receiving FDA approval for its diabetes monitoring device, LabStyle Innovations is looking to raise $11.5 million through public share offering and warrants. LabStyle has earmarked the funds for expanding its production capacity, furthering development of its software, and marketing in the US and other markets. Founded in 2010 and run by CEO Oren Fuerst, LabStyle has developed a small glucose monitor device called ‘Dario’ that gives accurate readings when plugged into a smartphone. The company went public in 2013 when it listed for over-the-counter trading, and later raised $10 million at a valuation of $51 million.
January 21, 2015 | Israeli cybersecurity startup IronScales has raised $1.5 million in seed financing led by RDSeed, the investment arm of Rafael Development Corporation (RDC). Coming out of the 8200 Entrepreneurship and Innovation Support Program (EISP) in 2013, IronScales has developed what it calls the industry’s first ever employee-based intrusion prevention system with an automated phishing-mitigation response. Most successful cyber-attacks on companies and organizations still involve employee-targeted spear-phishing, whereby criminals attempt to deceive employees into revealing sensitive information such as usernames and passwords so they can then install spyware, remote-access Trojan horse attacks or ransomware. Damages can range from the theft of sensitive information to ransom demands. Led by CEO Eyal Benishti, IronScales uses a “gamified” and interactive approach, simulating real-world email phishing attacks, and helping prepare employees for actual attacks. Those who fail to spot the mock attack will receive on-the-spot quick, fun, interactive training.
January 21, 2016 | Israeli vendor review platform eRated has raised $1.7 million in a seed round, led by Spinach Angels with participation from Techstars and UK angel investors. Founded in 2013 by Boaz Cohen (CEO), Dan Benjamin (Head of Biz Dev), Yoav Artzi (Head of Product), eRated creates a single identity for e-commerce sites, allowing online buyers and sellers to utilize their already existing reputation everywhere they go. eRated’s solution enables e-commerce vendors to leverage existing web profiles, building their online businesses faster and more profitably. According to the company, eRated has so far helped 17 online marketplaces sellers boost sales an average of 56% per profile – including global marketplaces such as TripDa.
January 20, 2016 | Israeli startup MyState has raised $6.5 million (from unnamed private investors) for its mobile app that shows users whether their contacts are available to speak. Launching today for iOS and Android, MyState provides what is essentially a smarter contacts book, with icons next to each contact displaying his or her live status. Other features on Android include the ability to see if a contact is on a call, if a phone is set on silent or vibrate, or if a phone has a low battery. The Tel Aviv-based startup says it’s planning on bringing these features to iOS as well. MyState was founded by a group of serial entrepreneurs including Zvika Starkman, MyState’s CMO, who was previously the CEO of Focal-Info, a web analytics company that was acquired by Verint Systems. Media reports believe that the newly raised capital will be used to develop the startup’s B2B business model, which will include integration with call centers for “optimising communication” with customers.
January 20, 2016 | Israeli founded Mellanox Technologies has confirmed its plans to complete the $811 million merger with Israel’s EZchip in the second half of February. The two semiconductor companies have received the necessary votes of approval from shareholders. Mellanox president and CEO Eyal Waldman said, “This acquisition will enhance our scale and profitability by broadening the Mellanox product portfolio, add critical embedded processing intellectual property and know-how to our capabilities and significantly expand our market reach and customer relationships. With the combination of our teams, technologies and products, Mellanox and EZchip together will be in an excellent positon to capitalize on the substantial opportunity for Intelligent Networking, and deliver significant benefits to shareholders, data center customers and employees of the combined company.” Following completion of the transaction, Mellanox intends to integrate employees from both organizations and retain both companies’ existing product lines, which will ensure continuity for customers and partners of both companies.
January 20, 2016 | Israeli video intelligence startup viisights has raised $1.2 million in seed funding from TheTime, Maxfield Capital, ASF Ventures and LETA Capital. Founded in 2014 and led by Co-Founder and CEO Asaf Birenzvieg, the Tel Aviv-based startup will use the funds to enhance its core technology and for team expansion. A one-stop shop for video metadata and user-profile management, viisights has developed an intelligence platform that provides data as a service (DAAS) analytics solutions for content discovery, brand safety and targeted advertising.
January 19, 2015 | Israeli IoT startup Neura has raised $11 million in their Series A round of funding led by AXA Strategic Ventures and Pitango Venture Capital, with participation from Lenovo Group. Led by Co-Founder and CEO Gilad Meiri, Neura has developed a platform that helps users personalize their connected devices while guarding their data. Their app and software development kit can currently be integrated with more than 55 devices and software channels, and will enable what it calls the ‘personalization of the Internet of Things.’ Neura’s technology is “a big step towards a world where devices not only connect to each other, but adapt themselves to users and their habits,” Peter Hortensius, Lenovo’s CTO, said on Monday.
January 18, 2016 | Semiconductor startup MultiPhy has raised $17 million in a new round of funding and formed a strategic alliance with Semtech Corp. The investment will help Multiphy to develop the next generation of its flagship solution FlexPhy IC, a chipset which supports data centers by transmitting information at faster speeds. Semtech will help market FlexPhy and take a major stake in the company. Though Multiphy did not announce which investors participated in this round, previous investors include, include Carmel Ventures, Maayan Ventures, Vertex Ventures and Ransomshire Associates. Founded in 2007 by CTO Dan Sadot, MultiPhy has become well known for developing chipsets that support 100G Ethernet optical transceivers in data centers, especially important for heavy data applications such as video streaming.
January 18, 2016 | Public transportation app Moovit announced the release of version 4.8 which will include live updates on city-wide bicycle sharing programs. Users can now use the app to locate the nearest bicycle station and find out if there is an available bicycle or space to return a bicycle in use. Cycle information will be available in New York, San Francisco, London, Paris, Berlin, Rome, Tel Aviv, among 110 cities worldwide. Founded in 2011 and run by Co-Founder and CEO Nir Erez, Moovit has already raised $81.5 million in funding from the likes of BRM Capital, Sequoia Capital, Nokia Growth Partners and Gemini Israel.