| July 24, 2016 | Israeli cloud computing startup Redis Labs has closed a $14 million Series C financing round. Bain Capital Ventures and Carmel Ventures led the round, with participation from other existing investors, at what the company described as a significantly increased valuation from the previous two rounds. Redis Labs said it will use the proceeds to expand sales and marketing efforts to accelerate global customer acquisition. Founded in 2011 by CEO Ofer Bengal and CTO Yiftach Shoolman, Redis provides cloud database services and has over 6,200 enterprise customers and its Redis Cloud service exceeds 55,000 accounts.
July 24, 2016 | BC Partners is to buy an 80% stake of Israel’s Keter Plastic at a company value of $1.7 billion. BC Partners beat out a joint venture of CVC Capital Partners and Goldman Sachs in a bidding war, according to Israeli and international media sources. BC Partners is a private equity firm operating from London, Paris, Hamburg and New York and specializing in European buyouts and acquisitions. It has also bought a number of US companies. Founded in 1948 in a small workshop in Jaffa, Keter has grown to become the world’s largest manufacturer of resin-based household and garden furniture. Its product range includes garden sheds, toolboxes, bathroom cabinets and backyard playhouses for children. The company now operates 29 plants in Israel, Europe and the United States. From its $880 million sales in 2015, Keter totaled a gross profit of $310 million, a 45% increase on its 2014 total.
| July 24, 2016 | US cloud computing company Salesforce.com has acquired Coolan, an Israeli data center management software startup co-founded by Amir Michael, a former Facebook and Google hardware engineer and one of the founders of the Open Compute Project for an undisclosed amount. Facebook’s open source data center and hardware design initiative. Salesforce’s initial plan is to use Coolan’s technology to optimize its infrastructure, Michael said in a blog post announcing the deal. Salesforce.com has previously bought three Israeli startups: SaaS encryption services company Navajo Systems in 2011, data-mining startup Bluetail in 2012, and data-entry automation startup Implisit Insights earlier this year.
July 21, 2016 | Israeli startup Gauzy, which develops liquid crystals that can double as both glass surfaces and computer screens, was been chosen by Mercedes-Benz as the first company to participate in their startup accelerator which was launched last week at an event in Stuttgart, Germany. Gauzy’s co-founder Eyal Peso was invited by Mercedes-Benz Daimler to deliver a keynote speech at the event in which he presented multi-applications of his cutting-edge technology. Gauzy’s company’s patented liquid glass solution can replace glass in appliances, cars, windows and anywhere where glass surfaces are used, and serve as a monitor.
July 21, 2016 | Israeli augmented reality startup Pixie Technology Inc. has closed a Series B financing round of $18.5 million. The investment was led by Spark Capital with the participation of Cedar Fund, OurCrowd and private investors. This round brings the total funds raised by Pixie to date to $24 million, having raised $5.5 million in 2013. Designed to help people easily track and find their favorite everyday items, Pixie Technology combines augmented reality navigation with innovative signaling technology. Pixie is headquartered in Los Altos, California and has a development office in Israel.
July 20, 2016 | Israeli enterprise mobility startup Capriza has raised $23 million in a Series C extension funding round. The round was led by existing investor Andreessen Horowitz, with participation from existing investors Charles River Ventures, Harmony Partners and Tenaya Capital, and new investors Entre Capital and Vintage Investment. The company, which has raised $73m to date, intends to use the funds to continue to expand operations. Headquartered in Palo Alto and with its Israeli development office in Hod Hasharon, Capriza was founded in 2011 by chairman Amnon Landan, CEO Yuval Scarlat, CTO Oren Ariel, and VP R&D Ronnen Armon. Capriza provides an enterprise mobility platform that allows IT and business units to mobile-enable critical business workflows without any coding, APIs or integration by extending the capabilities of existing applications from SAP, Oracle, Salesforce as well as custom-built solutions. The platform is used by more than 100 enterprise customers spanning 30+ industries and 500,000+ users including City of Los Angeles, DirecTV, Flex, The Linde Group, Titan Machinery and Volvo Financial Services.
July 20, 2016 | Israeli mobile threat defense startup Skycure announced it has completed a $16.5 million series B investment led by Foundation Capital. Skycure will use the funds to expand the company’s presence in EMEA and APAC, broaden its foothold with Global 1000 customers, and invest in further developing the company’s award winning mobile threat defense platform. This round brings Skycure’s total funding to $27.5 million. All of the company’s previous investors participated in this round. As part of the announcement, Skycure will add Foundation Capital general partner Paul Holland to the company’s board of directors. Skycure was founded in 2012 by Adi Shaharabani and Yair Amit.
July 7, 2016 | Dr. Yosef Buganim, a research scientist at the Hebrew University of Jerusalem, has been honored by the American Association for the Advancement of Science (AAAS), the prestigious journals Science and Science Translational Medicine, and the Boyalife industrial research consortium, for his work in stem cells and regenerative medicine. Dr. Buganim is a young researcher who recently joined the Department of Molecular Biology and Cancer Research at the Institute for Medical Research Israel-Canada (IMRIC). Part of the Hebrew University’s Faculty of Medicine, IMRIC is one of the most innovative and multidisciplinary biomedical research organizations in the world. Awarded for the first time this year, the Boyalife Science & Science Translational Medicine Award in Stem Cells & Regenerative Medicine honors researchers for outstanding contributions in stem cell research and regenerative medicine around the globe.
July 19, 2016 | Israeli cyber security company GuardiCore has raised $20 million in Series B funding. The latest round is led by existing investors Battery Ventures and 83North (formerly Greylock IL) with participation from by Cisco Investments, this brings the company’s total funding raised to date to $33 million. Based in Tel Aviv and founded in 2013 by CEO Pavel Gurvich, CTO Ariel Zeitlin and VP business development Dror Sal’ee, the company has developed internal data center security and breach detection solutions. GuardiCore will use the funds to address growing demand for its GuardiCore Centra Security Platform, invest in additional product research and development, expand its commercial reach through its global ecosystem and channel partners, and to fuel its overall sales and marketing efforts.
Israeli stem cell therapeutics company BrainStorm Cell Therapeutics Ltd., which develops adult stem cell therapeutics for neurodegenerative diseases, has announced success in a clinical trial on ALS patients. 36 patients treated with the company’s stem cell treatment NurOwn exhibited slower degeneration than the twelve patients in the control group. Founded in 2004 and now led by Chaim Lebovits, BrainStorm is developing treatments for Amyotrophic Lateral Sclerosis (ALS, also known as Lou Gehrig’s disease), Multiple Sclerosis (MS) and Parkinson’s Disease (PD).
July 19, 2016 | ImpactNetwork is launching activities in Israel, by partnering with TechForGood and Impact First Investments. ImpactNetwork, powered by Le Comptoir de l’Innovation is the world largest network of green and social startups, including over 500 startups in 10 countries through 13 programs, and a €100 million impact investment fund. ImpactNetwork, founded by Le Comptoir de l’Innovation in France in 2010, has incubator and accelerator programs dedicated to green and social startups worldwide including Paris, San Francisco, Austin, Hong-Kong, Cape Town, Casablanca, Tunis, Santiago, Amsterdam, Brussels, and Luxembourg.
July 18, 2016 | PamBio, an Israeli biotech startup company, has announced the closing of a first round of fundraising of $7 million from a private investor. The company develops drug therapy for acute bleeding conditions. The company was founded in 2014 and is based in Nazareth Illit, Israel.
| July 14, 2016 | Israeli high-performance MRI developer Aspect Imaging has raised $20 million in its latest round of funding. No details were disclosed about the investors. Founded in 2003, this brings to $120 million the amount that the company has raised to date. Based in Hevel Modi’in, the company has developed a line of more affordable, compact, and cutting edge MRI machines that make the diagnostic tests more accessible to patients worldwide. With smaller MRIs that can be installed almost anywhere, and operated by almost anyone, more patients will receive MRI scans on a more regular basis, helping them stay more updated on their health. The company has 100 employees, mainly in its Hevel Modi’in location. Aspect Imaging founder and president is CEO Uri Rappoport.
July 14, 2016 | Israeli billionaire Teddy Sagi’s company, Playtech plc, has acquired a 90% stake in Austrian rival Best Gaming Technology (BGT) for €138 million ($152.6 million) in cash. Best Gaming Technology provides software solutions for sports betting and will enhance Playtech’s omni-channel offering and drive digitalization of retail clients The company’s clients include Betfred, Codere, Coral, Ladbrokes, Paddy Power Betfair and William Hill and it provides software services for 24,000 gambling machines, mainly in Europe. Playtech is a gambling software development company that was founded in 1999.
July 13, 2016 | Israeli-American link management startup Kifi announced in a blog post on Medium that it’s being acquired by Google, for its Google Spaces team. Kifi allows users to collect, analyze, and collaborate on links from across the Internet, will shut down in the coming weeks, the company said. Terms of the deal weren’t shared and it isn’t clear how many employees are joining Google. Kifi, from FortyTwo Inc., was founded by Dan Blumenfeld and Eishay Smith in 2012 and was based in Mountain View, California.
July 13, 2016 | Israeli molecular diagnostic company ImmunArray has closed a Series B financing round of $10 million led by private investment firm Exigent. With offices in Rehovot, Israel and Richmond, Virginia, ImmunArray has developed novel blood tests and pioneers new and more accurate ways to diagnose autoimmune diseases such as lupus as well as traumatic brain injury (TBI). The company was founded in 2006 based on iCHIP technology licensed from the Weizmann Institute of Science. iCHIP technology can determine the presence of a specific set of molecular biomarkers that are linked to particular disease or condition.
July 13, 2016 | Israeli startup RedKix, provider of an email/chat team collaboration platform which just launched its private beta, announced it has raised $17 million in seed funding from a group of investors including Salesforce Ventures, SG VC, Wicklow Capital, Oren Zeev, Ori Sasson, Amnon Landan, Yuval Neeman, Oren Dobronsky, and Kevin Mahaffey. The company is using the funds to continue to develop its solution. Co-founded in 2014 by CEO Oudi Antebi and CTO Roy Antebi, RedKix is advancing a messaging and collaboration solution for the workplace featuring email, messaging, groups and channels to allow people to organize messages into group channels, from favorite people and per topic. The company currently employs around 25 people.
July 13, 2016 | Industrial cyber security company Indegy has raised $12 million in a financing round led by Vertex Ventures Israel with participation from Silicon Valley-based Aspect Ventures, SBI Holdings of Japan as well as previous investors Shlomo Kramer and Magma Venture Partners. To date the company has raised $18 million. Indegy was founded in July 2014 by Barak Perelman, Ido Trivitzsky and Mille Gandelsman, graduates of the Israeli Defense Force’s elite Talpiot Program. Indegy has developed a software that protects data servers on critical infrastructures from cyber attack threats.
July 12, 2016 | eBay is acquiring Israeli company SalesPredict, which uses advanced analytics to predict consumer-buying behavior. Financial terms of the deal were not disclosed but sources estimate that the acquisition was for about $20-30 million. This is eBay’s fifth acquisition in Israel. The acquisition is eBay’s latest move to build up its machine-learning capabilities in order to clean up its vast product catalog. eBay has more than 900 million listings, and SalesPredict will assist the company in deciding why those listings end up at a certain price. Once the acquisition is complete, SalesPredict CEO Yaron Zakai-Or will serve as a director of product management, technology. SalesPredict CTO Kira Radinsky will be director of data science and chief scientist for eBay Israel. SalesPredict was founded in 2012 by Zakai-Or and Radinsky and is based in Netanya. The company’s employees will now join eBay Israel’s offices, which are also in Netanya.
July 11, 2016 | Israel’s Ben Gurion International Airport, located outside Tel Aviv, was ranked sixth among the world’s best international airports by Travel+Leisure online magazine. Ben-Gurion, named for Israel’s first prime minister, scored 78 out of a possible 100 for its facilities, ease of use, and especially security. The top-rated hub is Singapore’s Changi Airport, which boasts a butterfly garden with a waterfall, a host of exotic flowers and even a rooftop pool. “These airports have a history of incorporating smart tech to make the lives of travelers easier, as well as staggering architecture that helps the airport seem like a destination in its own right,” writes the magazine.
July 11, 2016 | Israeli behavioral analytics startup CoolaData, has raised a total of $5.6 million from Salesforce Ventures, TEEC Angel Fund and existing investors in CoolaData’s previous financing, 83North and Carmel Ventures. The funding will be used to accelerate CoolaData’s worldwide growth and extend its reach into IoT and enterprise applications. Based in Tel Aviv, CoolaData is a cloud-based behavioral analytics platform offering companies a deep understanding of user behavior across all channels, and providing quick answers to complex business questions. The company was founded by big data veterans and serial entrepreneurs CEO Tomer Ben Moshe and Guy Greenberg.
July 11, 2016 | Israeli Fintech startup Sling, announced today that the company has been acquired by Brazilian micro-credit giant, Avante. Financial terms of the deal were not disclosed, but sources in the industry estimate the price was around $10 million. Sling enables micro-entrepreneurs (street vendors, therapists, flea market merchants, etc.) to quickly access financial services directly from their smartphones, with no need for hardware, contracts or upfront costs. Sling also offers merchants digital card payments, easy installments, and micro- fleet management capabilities. Founded in 2014 by CEO Erez Yerushalmi and COO Jacob Cohen, Sling serves thousands of Israeli micro-entrepreneurs in Israel and intends to deploy its services to an additional 10,000 merchants in the Brazilian market by the end of 2017. Brazil-based Avante enables micro-entrepreneurs to rapidly access micro-credit loans in order to grow and evolve their businesses.
July 10, 2016 | The State of Israel has signed an agreement with Spacecom Satellite Communications Ltd., a global fixed satellites operator of the advanced AMOS satellite fleet, for the purchase of communications services on the company’s Amos satellites for five years. The contract is worth $63 million. The state purchased an option to extend the contract for a further eight-year period, If the option is exercised, the contract will be worth a total of $164 million to Spacecom. Spacecom was founded in 1995 and is based in Ramat Gan, Israel.
July 10, 2016 | Israeli startup Drupe, a mobile application for the Android platform, facilitating access to the functions of the smartphone, has raised $3 million in new funding from Canaan Partners Israel and Sweet Capital, a fund that was established by the founders of Candy Crush empire King Digital Entertainment. Drupe is an overlay for Android phones that contextually shows relevant contacts and various modes of communicating with them all with one swipe. When users swipe from the Drupe widget on the phone, they’re showed the most common contacts in their address book on the left and their most-used social apps on the right. Drupe was founded in 2014 by Assaf Ziv and Barak Witkowski and is based in Kfar Saba, Israel.
July 7, 2016 | The EDAB-FENS Brain Awareness Week Excellence Award for 2016 has been awarded to The Edmond and Lily Safra Center for Brain Sciences at The Hebrew University of Jerusalem. The Dana Foundation and the European Dana Alliance for the Brain (EDAB) presented the award in collaboration with the Federation of European Neuroscience Societies (FENS). Celebrating special contributions to the promotion of brain awareness through continued public outreach efforts, the Neuroscience Outreach Awards were presented at FENS Forum 2016, Europe’s pre-eminent neuroscience meeting, on July 4 in Copenhagen. The Edmond and Lily Safra Center for Brain Sciences (ELSC) was founded in 2010 with the support of the Edmond J. Safra Foundation, as an interdisciplinary center for brain sciences. The Center has an innovative and revolutionary research agenda for understanding the brain and its complex products: movement, perception, cognition, language, and creativity.
July 6, 2016 | Israeli startup Twistlock, which provides security solutions to virtual containers, announced it has completed a $10 million financing round led by TenEleven Ventures. Also participating in the round is new investor Rally Ventures and existing investors YL Ventures and a strategic venture firm. Twistlock also announced that Alex Doll, founder of TenEleven Ventures, has joined its board of directors. Twistlock was founded in 2015 by CEO Ben Bernstein and VP R&D Dima Stopel, who bring extensive enterprise security expertise in both the defense and private sector; both spent more than 10 years in the Microsoft R&D center in Israel and served in the Israel Defense Force’s (IDF) intelligence corps. The company, which has moved its headquarters to San Francisco, has its development office in Herzliya. Twistlock raises $2.5 million in seed funding last year. The company has Fortune 50 firms, large enterprises, as well as innovative startups in its rapidly growing customer base.
July 6, 2016 | FST Biometrics, a leading identification solutions provider based in Israel, today announced that Avi Naor, a member of FST’s board of directors, has made an investment in FST Biometrics and has been appointed as chairman of the board effective immediately. Naor, one of Israel’s first hi-tech entrepreneurs, served as CEO and president of software giant Amdocs, which he co-founded, from 1995 until 2002. Naor led the company’s IPO in 1998, as well as several subsequent offerings, and is credited with building the company into the multi-billion-dollar powerhouse it has become. As part of the Alpha Group investment organization, Naor bought equity in Retalix, Ltd., and served as board chairman from 2011 until 2012, when Retalix was sold to NCR.
July 5, 2016 | Medical device company Nyxoah, which has developed a solution for obstructive sleep apnea, reports that they have raised raising $20 million in funding. The company was established by Robert Taub, founder of Omrix Biopharmaceuticals, which was sold to Johnson & Johnson for $438 million in 2008. While Nyxoah was founded in Belgium, its R&D activity is situated in Israel and employs 15 out of the company’s staff of 25. Taub is Nyxoah’s CEO, in addition to being an investor and co-founder.
July 4, 2016 | According to research done by the Israeli financial news daily Globes, Israeli companies raised an all-time record $1.4 billion in the second quarter of the year, compared with $1 billion in the first quarter and $1.1 billion in the second quarter of 2015 (according to the IVC). The figures for the second quarter of 2016 include a $300 million investment in Israeli company Gett (formerly GetTaxi) by Volkswagen.
July 4, 2016 | Doodle, an online scheduler and a subsidiary of the Swiss media group Tamedia, has bought Tel Aviv-based startup Meekan, a developer of a chatbot that acts as a virtual scheduling assistant, for an undisclosed amount. Meekan was founded in 2013 by the father-son duo Lior and Eyal Yavor and is based on the company’s scheduling and optimization technology, as well as the Flexible Time algorithm.
June 30, 2016 | IronSource, an Israeli company which makes tools to help mobile app developers distribute and profit from their apps, has acquired Israeli startup StreamRail for a sum estimated to be in the seven figure range. Founded in 2014 and numbering 15 employees, StreamRail has developed video-player technology that enables publishers to make money off of content. The U.S. venture capital fund Sequoia Capital invested in the company. The sale, the most recent in a string of acquisitions by IronSource, should complement its array of tools designed to help mobile app developers distribute and profit from their apps. IronSource CEO Tomer Bar Zeev confirmed the acquisition but didn’t provide any further details.
June 29, 2016 | Crowdfunding venture capital fund OurCrowd, has announced the Israeli launch of Radicle, an accelerator fund dedicated to growing early stage agricultural technology startups into proven industry leaders. The fund is launched in partnership with Finistere Ventures, Cloud Break Advisors, and an alliance of top agricultural industry leaders, including Bayer and DuPont. Radicle aims to reduce the time to develop, market, and commercialize new agriculture technologies. With a focus on global AgTech solutions, Radicle will offer a specialized platform to incubate high-quality AgTech companies that can solve global farming problems. Radicle will be a $15 million fund with $6 million in initial closing commitments. Radicle maintains a physical presence in all core markets, including Israel, San Diego, Palo Alto, Research Triangle Park and the Midwest USA.
June 29, 2016 | Israeli startup Vidac Pharma has closed a $9 million a Series A financing round. The financing was led by a new investor, Israel Biotech Fund. Existing investors, including Mivtach Shamir Holdings, also participated in the financing. Dr. Robert Spiegel and Mr. Ed Saltzman, members of Israel Biotech Fund’s Venture Advisory team, will join Vidac’s board of directors. Based in Jerusalem, Vidac Pharma is a privately-held clinical stage pharmaceutical company developing novel small molecule therapeutics for the treatment of cancer and oncodermatology disease.
June 28, 2016 | Cisco Systems Inc. is set to acquire Israeli cloud security company CloudLock Inc.. Cisco will pay $293 million in cash and assumed equity awards, plus additional retention-based incentives for CloudLock employees who join Cisco. The acquisition is expected to close in the first quarter of fiscal year 2017. Based in Waltham, Massachusetts and with a development center in Tel Aviv, CloudLock was founded in 2011 by CEO Gil Zimmermann, CTO Ron Zalkind and VP business development Tsahy Shapsa. The company has raised $39 million to date and has 150 employees, 30 of them in Israel. CloudLock’s team will join Cisco’s Networking and Security Business Group under SVP and General Manager David Goeckeler. This will be Cisco’s 13th acquisition of an Israeli company.
June 28, 2016 | Humavox, an Israeli company that creates wireless charging solutions, has entered a binding agreement to merge with Australia’s Aurum Inc. As part of the merger, Aurum will acquire 100% of Humavox shares and will be investing $16 million over a period of 24 months into Humavox. The deal involves a major restructuring, in which Humavox’s CEO Omri Lachman will become CEO of Aurum. The merger marks a huge step for the Kfar Saba based company, and paves the way for widespread adoption of its wireless charging solution for wearables and IoT. With Humavox’s wireless technology installed, any wearable or connected device can be dropped into any compatible 3D container, and be charged seamlessly.
June 27, 2016 | Dentsply Sirona Inc. has signed a binding agreement to acquire Israeli dental implant systems manufacturer MIS Implants Technologies Ltd. for $375 million in cash. MIS implants, a privately held company, sells dental implants under its MIS brand and has annual sales of about $80 million. It operates mainly in the affordable implants sector and sells its products in 65 countries. MIS was founded in 1995 and has become a major player in the dental implants sector without any major external investment other than from the founders and private investors the Peretz and Hirsh families. The company’s CEO is Idan Kleifeld. In 2011, MIS raised an investment at a company value of $150 million from the private TA Fund, which has invested in several Israeli growth companies.
June 27, 2016 | OurCrowd, a leading global VC equity crowdfunding platform, officially opened its Herzliya office last night, cementing an on the ground presence in one of the world’s most exciting startup and tech clusters. The team based in Herzliya includes 15 employees and is responsible for the firm’s engineering and product development. The offices will house several OurCrowd fund management teams and also host weekly presentations for foreign delegations and international firms seeking a closer look at the innovation and investment activity in the Startup Nation. Since its founding in 2013, OurCrowd, headquartered in Jerusalem, has enjoyed exponential growth and now has over 100 employees worldwide, nearly 100 portfolio companies with over $230 million invested and several successful exits. The office launch was attended by nearly 200 people from the tech, VC, and investment community. “Our team is excited to be opening up in Herzliya, one of the most active hotbeds for innovative enterprises,” OurCrowd founder and CEO, Jon Medved said in a statement. “Being in Herzliya means we will be even closer to many of our finest local portfolio companies, and even better placed to seek out exciting investment opportunities.”
June 27, 2016 | Scott Galit, CEO of Payoneer, is the 2016 winner of the EY Entrepreneur Of The Year Award, New York in the Financial Technology category. Payoneer provides professionals and SMEs with access to financial services to over 200 countries and territories around the globe. Payoneer enables users to pay and get paid easily, allowing them to grow their businesses and thrive on the global market. EY aims to honor and recognize the endeavors of the exceptional individuals who create products, services and jobs that grow the global community and the economy. The EY Entrepreneur of the Year program began in 1986, and has since grown significantly to include programs in more than 145 cities and 60 countries worldwide. Each year, professionals from around the world are honored regionally and globally for their achievements in entrepreneurship. Galit joined Payoneer in 2010. The company has offices in New York, Tel Aviv, Silicon Valley, Gibraltar, Hong Kong and Shanghai.
June 27, 2016 | Job-finding mobile application EasyJob came in first at Start Tel Aviv 2016, a startup contest hosted by the Israeli Embassy in Vietnam. Surpassing five other finalists, the EasyJob app helps connect recruiters with suitable manual laborers. The panel of judges said EasyJob best utilized technology to deliver practical and efficient options for users. Start Tel Aviv is an international startup competition held by the Israeli Ministry of Foreign Affairs and Tel Aviv city authorities. This year, the contest is unique in that it is open only to female candidates in a bid to promote the role of women in the start-up community. Start Tel Aviv 2016 was held in 31 countries. Representatives of the best startup companies in those countries will win the chance to participate in a five-day study tour in Tel Aviv to learn about the startup ecosystem there. This is an opportunity for Vietnamese youth to learn and exchange experiences in a dynamic and cross-cultural environment.
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 the Microsoft Accelerator program in Israel. Six of the 10 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.