April 26, 2017 | Israeli startups raised a total of $1.03 billion in the first quarter of 2017, 8 percent below the capital raised in the first quarter of last year, according to the IVC-ZAG Israeli High-Tech Capital Raising Survey. The figure reflects a 4 percent decrease compared with the previous quarter (the fourth quarter of 2016). In the report, released today, IVC Research Center says the number of funding deals was 10 percent below the quarterly average in the past three years. The report was compiled in collaboration with law firm Zysman, Aharoni, Gayer & Co. (ZAG | S&W).
April 26, 2017 | Israeli taxi haling app Gett is in advanced talks to buy ridesharing app Juno for $250 million, “Techcrunch” reports, according to multiple sources. Both companies declined to respond. Juno was founded in New York in 2016 by the Israeli founder of messaging app Viber, CEO Talmon Marco, which was sold to Japan’s Rakuten in 2014 for $900 million. Juno is a taxi app based in New York whose declared aim is to compete with Uber. The new combined Gett and Juno company would reportedly offer its drivers a stake in the company in a bid to outcompete Uber, “Techcrunch” reports.
Israel-based Gett (formerly GetTaxi), was founded by CEO Shahar Waiser. The company, which is mainly a taxi-hailing app, is strong in its home country as well as in Western Europe and Russia but has struggled to gain a foothold in New York and elsewhere in the US. Gett has raised $513 million to date including a $300 million investment from Volkswagen last year.
April 25, 2017 | Israeli cloud container security solutions developer Twistlock announced today that it has raised $17 million in Series B funding, led by Polaris Partners and with the participation of existing investors YL Ventures, TenEleven and Rally Ventures. Brendan Hannigan of Polaris has joined the Twistlock Board of Directors as Chairman. The company, which raised $10 million last year, has raised $30 million to date, including the latest round of financing. Twistlock, which was founded in 2015 by CEO Ben Bernstein and VP R&D Dima Stopel, has headquarters in San Francisco and its development office in Herzliya.
April 25, 2017 | HiBob, an Israeli-British startup developing human resources management software, has raised $17.5 million in a Series A round of funding led by Battery Ventures, with participation from Eight Roads Ventures, Arbor Ventures, and Bessemer Venture Partners. Founded in 2014, Hibob’s flagship software, called Bob, serves as a central hub for a company’s every HR need, and includes attendance records, time-off schedules, and nearly any piece of data a firm would collect from its employees. The software is designed so that employees can input much of the data themselves.
April 25, 2017 | Dutch game developer GamePoint has acquired Israel’s Luck Genome for $12.5 million. Luck Genome, which develops social casino games, was founded two years ago by CEO Guy Ezra and head of product Liat Adir, Head of Product, and has ten employees in its Tel Aviv offices. Following the acquisition, Luck Genome will retain its name and its development center in Tel Aviv and hire new employees. Game Point is a leading digital casino player with more than 100 employees. Luck Genome has developed the Slots Craze brand, which provides a platform for more than sixty social casino games and is considered one of the world’s leading players in its field. The company is wholly owned by its founders.
April 24, 2017 | Israeli auto-tech startup Arbe Robotics, which is developing radar for autonomous vehicles that facilitates real-time mapping at distances up to 300 meters, has raised $2.5 million to pay for its development. The Tel Aviv based company’s system uses 4D imaging technology that is based on radar, instead of cameras and sensors. Radar is capable of detecting objects at longer ranges, which will enable autonomous vehicles to travel faster. Furthermore, visual conditions are far less of an obstacle for radar. Founded in late 2015, Arbe Robotics is seeking to market its products mainly in Japan and the US.
April 23, 2017 | Israeli medical company SteadyMed Therapeutics has raised $30 million in a private placement led by Adage Capital Management, OrbiMed, Deerfield Management and Kingdon Capital Management. SteadyMed is a specialty pharmaceutical company focused on the development of drug product candidates to treat orphan and high-value diseases with unmet delivery needs. The company’s leading drug candidate is Trevyent for the treatment of Pulmonary Arterial Hypertension (PAH). The company was founded in 2005 in the Zisapel family’s RAD Biomed incubator and although today under US management and headquartered in San Ramon, California, much of the company’s development is carried out in its Rehovot offices. Among the company’s investors is Ari Steimatzky. In 2015, the company raised $40 million on Nasdaq and last year raised $32 million in a private placement.
April 23, 2017 | Early stage Israeli fashion-tech company Invertex has completed its $2 million seed funding round led by Jerusalem-based equity crowdfunding venture capital firm OurCrowd. Permoda, an international retail and fashion group also participated in the round, together with prominent angel investors.
Invertex provides scan-to-fit guided shopping experience platforms that combine advanced 3D-digitization and deep-learning technologies to deliver tailored solutions for in store, at home and online audiences. Invertex’s comprehensive platform enables retailers to significantly improve their online sales-capabilities by lowering returns by empowering customers to trust and enjoy their e-commerce experience. The company’s clients also have the capacity to tailor their existing product lines to their customers’ specific needs. The company was founded in 2014 co-founded by CEO David Bleicher and Robert Williams.
April 20, 2017 | Microsoft is preparing to buy Israeli cloud-monitoring and analytics startup Cloudyn in a deal thought to be worth between $50-$70 million, according to a report in Israeli business publication Calcalist. Headquartered near Tel Aviv, Cloudyn was co-founded in 2011 by CEO Sharon Wagner, CTO Dr. Boris Goldberg and VP products Vittaly Tavor. The company’s SaaS (software-as-a-solution) platform enables enterprises to save manpower by automating the monitoring of their cloud assets, through data analytics and optimization. Cloudyn has raised more than $20 million since its inception, including an $11 million round in 2015, and their clients include Hewlett Packard Enterprise (HPE) and Ticketmaster.
April 20, 2017 | MeMed, an Israeli start-up developing a reliable test to distinguish bacterial from viral infections, has secured a $9.2 million contract by the Defense Threat Reduction Agency (DTRA), a branch of the US Department of Defense (DoD) to improve clinical applications of its technology. The contract will fund the completion of MeMed’s pioneering point of care platform distinguishing bacterial from viral infections. MeMed was founded in 2009 and is run by co-founder and CEO Eran Eden and co-founder and CTO Kfir Oved.
April 20, 2017 | The nanosatellite Duchifat 2 (Hoopoe 2), built by Israeli high schoolers, was successfully launched into space on Tuesday afternoon by the American launcher, Atlas V, located at NASA’s Kennedy Space Center in Cape Canaveral, Florida. After the satellite’s scheduled arrival at the International Space Station in about two days, it will be sent into orbit around Earth for about a month and a half using a special robotic arm operated by astronomers.
יש לנו שיגור מוצלח! לוויין התלמידים הישראלי דוכיפת 2 בדרך לחלל!
Posted by משרד המדע, הטכנולוגיה והחלל on יום שלישי 18 אפריל 2017
Israeli Minister for Science, Technology, and Space Ofir Akunis, said, “Duchifat-2 is not only an educational venture that brings space closer to youth and lays the way for tomorrow’s generation, it is also an international research project. This is Israeli pride for the future generation, and an opportunity to increase public awareness about space.”
April 20, 2017 | The National Basketball Association (NBA), the International Basketball Federation (FIBA) and the Israel Basketball Association today announced that the 16th edition of Basketball without Borders (BWB) Europe will be held Aug. 13-16 at The Wingate Institute in Netanya, Israel, marking the first time that the NBA and FIBA’s global basketball development and community outreach program will be held in Israel.
BWB Europe will bring together the top male and female players born in 2000 from across Europe to learn directly from NBA and FIBA players, legends and coaches and to compete against the best young players from the continent. BWB Europe will also include a variety of NBA Cares and Jr. NBA community outreach efforts with youth in Jerusalem and Tel Aviv in partnership with local community organizations. These programs will highlight the power of sport to promote cultural understanding while teaching the importance of a healthy, active lifestyle and the values of the game, including teamwork, integrity and respect. BWB has reached more than 2,720 participants from 134 countries and territories since 2001, with 43 campers drafted into the NBA.
Minnesota Timberwolves forward Omri Casspi, the first Israeli to ever play in the NBA, said in a statement, “Basketball without Borders is an amazing program, and I’m fortunate that I was able to participate as a camper in 2005. It’s great to see the NBA and FIBA recognize Israel’s basketball development efforts by hosting the camp there for the first time. I look forward to working with Europe’s top male and female players and showing them the beauty and culture of my home country.”
April 19, 2017 | Japanese telecom giant SoftBank is leading a $16.5 million “strategic” investment into Dome9 Security, an Israeli cloud infrastructure security company. Founded out of Tel Aviv in 2010 by Zohar Alon and Roy Feintuch, Dome9 targets enterprises with a SaaS (software as a service) platform that helps them assess their network security and detect potential misconfigurations, while simultaneously protecting against cyberattacks. The company recently moved its headquarters from Israel to Mountain View, California. This latest funding round brings the company’s total amount raised to $29 million.
| April 19, 2017 | New York based ticketing platform company SeatGeek announced the acquisition of Israeli ticketing software company TopTix for $56 million. The acquisition by SeatGeek was financed by a new $57 million Series D investment round in SeatGeek led by Glynn Capital, with participation from existing investors Accel, Causeway Media Partners, Haystack Partners, Mousse Partners, and Technology Crossover Ventures.
Established in 2000 by Yehuda Yuval and Eli Dagan, TopTix developed the SRO ticketing system, which currently serves 500 clients in 16 countries, processing 80 million tickets annually. Current TopTix clients, which will now be clients of SeatGeek, range from museums and theaters to festivals and sports teams, including well-known organizations such as the Royal Dutch Football Association, Ravinia Festival, and many English soccer clubs. TopTix will power the expansion of SeatGeek Open, SeatGeek’s primary ticketing platform that launched in August of 2016. SeatGeek Open enables artists and teams to sell tickets directly within other apps and websites, in places where fans are spending time and consuming content. TopTix will operate as a subsidiary of SeatGeek, continuing to service clients across the globe.
| April 18, 2017 | Israeli high-performance MRI developer Aspect Imaging has raised $30 million in its latest round of funding. Unnamed existing investors participated in the round. Founded in 2003, the company raised $20 million in a round last year and $150 million in total since it was founded. 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 some 100 employees. Aspect Imaging’s founder and president is CEO Uri Rapoport.
April 16, 2017 | Lithuania’s central bank has launched a fast-track licensing program for Israeli FinTech startups, which would help them enter European markets. The Bank of Lithuania “is making it easier for Israeli startups to launch in Lithuania from where they can gain access to over 450 million EU consumers,” according to a statement. The country is already home to Israeli tech firms that are using it as the base for their European operations, including giant DIY website design firm Wix.
April 13, 2017 | Israel’s Hebrew University has launched a cannabis research center called the Multidisciplinary Center on Cannabinoid Research, which will focus on medical Cannabis. The university is already known for its marijuana research mainly thanks to Prof. Raphael Mechoulam, “the the father of marijuana research,” who successfully isolated the active constituent of the Cannabis plant and synthesized it.
April 12, 2017 | Visa is inviting Israeli startups to compete for a chance to win €50,000 in its Everywhere Startup Competition in Europe. Participants will develop digital payments solutions. The competition will focus on three challenges: How can digital payment technologies help create products that connect people and enrich local communities? How can mobile technologies and connected devices transform the experience of intercity travel? How can new products and services deliver a more seamless international travel experience? The Visa Everywhere Initiative was created in 2015 in the US.
April 10, 2017 | Israeli smart car company otonomo has closed a $25 million series B financing round led by Delphi Automotive with participation from Bessemer Venture Partners, StageOne Ventures and Maniv Mobility. The company plans to use the funds to continue developing its automotive industry data exchange platform, and to expand globally into the US, Asian, and European markets. Based in Herzliya, otonomo was founded by CEO Ben Volkow and president Avner Cohen. The company has developed a cloud based platform that facilitates services for autonomous and connected cars. The company has raised $40 million to date including a $12 million Series A financing round just five months ago in November 2016. The company also opened offices in Menlo Park, California.
April 6, 2017 | Israeli SaaS startup dapulse has announced that it has raised $25 million in its Series B financing round, bringing its total funding to $34.1 million. The round was led by New York-based private equity and venture capital firm Insight Venture Partners with participation from existing Series A investors Genesis and Entree Capital. Founded in 2014 by CEO Roy Mann and CTO 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.
April 6, 2017 | Israeli semiconductor company Valens has raised $60 million in a financing round led by Israel Growth Partners (IGP), and including Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek as new investors, in addition to Valens’ existing investors. Valens introduced its HDBaseT Automotive technology in 2016 to address the challenges of the connected car, including the increasing amount of bandwidth and wiring necessary to cater to infotainment and Advanced Driver Assistance Systems needs. The company was founded in 2006 by CEO Dror Jerushalmi, VP R&D Massad Eyal, CTO Eyran Lida, director of DSP Gaby Gur Cohen, director of software & system architecture Nadav Banet, and director of analog & mixed signal Alon Benzaray.
April 6, 2017 | Israeli optical communications company ColorChip has raised $17 million led by the CIRTech venture capital fund. This completes a financing round of $37 million began last year when the company announced it had raised $20 million. The funds will help scale up production and support the expansion of marketing worldwide. ColorChip is a privately held Israeli company that provides cost effective, dense, hyper-scale transceivers and advanced optical splitters. Founded in 2001 by Dr. Shimon Eckhouse and Prof. Shlomo Rushin of Tel Aviv University School of Engineering, the Yokneam based company has raised $97 million including $62 million over the past 18 months. ColorChip’s CEO is Gidon Ezra.
April 5, 2017 | British private equity firm Apax Partners has agreed to buy Israel’s Syneron Medical Ltd. a non-surgical aesthetic device company, for $11.00 per share in cash, or a total of $397 million, the companies said on Monday. Syneron says its products have a range of applications, like body contouring, hair removal and wrinkle reduction. The products are sold under two brands, Syneron and Candela. Syneron, founded by Shimon Eckhouse in 2000, is headquartered in California with research and development offices in Israel.
April 5, 2017 | Israeli events marketing platform Bizzabo has announced the closing of $6.5 million series A financing round led by Magma Venture Partners co-founder Zvi Limon, serial entrepreneur Avigdor Willenz, founder of Annapurna Labs and Galileo Technology, and Danny Tocatly, a leading Israeli angel investor. Existing investors, including LionBird, Kaedan Capital, Prof. Yair Tauman, Gigi Levy, Eyal Ofer, and Eli Alroy also participated in the round. With offices in Tel Aviv and New York, Bizzabo was founded in 2011 by CEO Eran Ben-Shushan, Alon Alroy, and Boaz Katz. The company has raised $14.5 million to date including the latest financing round. Bizzabo’s cloud-based event success platform provides marketers with a suite of tools for events. Bizzabo offers corporations, publishers, agencies and third party event planners the tools to streamline and optimize their events.
April 4, 2017 | Israeli enterprise guidance and engagement startup WalkMe has acquired visual analytics startup Jaco to leverage its real-time insights into consumer behavior. No financial details about the acquisition were disclosed. This is WalkMe’s second acquisition this year after buying testing and management company abbi.io. Jaco’s advanced technology records and analyzes users’ activity as they navigate through any web-based product in real time. Jaco enables users to replay every user session as a video, no matter how complex the app is or which framework it is running. Founded by CEO Dan Adika and president Rephael Sweary, and Eyal Cohen in 2011, WalkMe has 460 employees of whom 240 are in Israel. Founded in 2015, Jaco raised $1.15 million from Silicon Valley funds Hillsven Capital and UpWest Labs. As part of the acquisition, Jaco’s team will lead WalkMe’s Insights and Analytics business, based in WalkMe’s San Francisco offices. Jaco will remain available for its current customers as well as new customers, separate from the WalkMe platform.
April 4, 2017 | Israeli startup Airobotics, which has developed a fully automatic drone platform, announced it has received a permit to operate in Israel automated drones without a human operator and without eye contact with the drone. The company said that in the past few days, the Israel Civil Aviation Authority had granted the permit for missions of protection and security for industrial facilities in which the drones can be operated from within special command and control rooms. The Civil Aviation Authority of Israel (CAAI) was the first in the world to authorize commercial, fully unmanned drone flights in their nation’s airspace.
The system developed by Airobotics is likely to save personnel costs, training for teams in operating the drones, and so on. The computer-based system works according to the varying needs of the party operating it. The system has been tested for the past two years, during which rigorous trials on the drones were conducted mainly in order to test their safety. The trials, during which thousands of flight hours were logged by the company’s drones, were attended by Civil Aviation Authority representatives. Airobotics is a Tel Aviv based company which was co-founded by CEO Ran Krauss and VP R&D Meir Kliner and has over 70 employees.
April 4, 2017 | The US venture capital fund and accelerator 500 Startups is launching a short marketing ramp-up bootcamp for startups in Israel. The goal is to train them into the firm’s specialization: marketing and growth. The four-week program in Israel will target pre-seed and seed companies as they get to the stage where they begin marketing their products.
500 startups hopes to attract companies looking to quickly build a large customer base for their products. 500 Startups competes aggressively with firms like Y Combinator to get the best startups into its programs. 500 Startups takes 1 percent of the company for $25,000 earmarked to marketing experiments. The company is launching its first program with nine business-to-business startups which include: Wizer, Distribyte, CybeReady, Ubeya, ONDiGO, Udobu , MuvingApp, GreenQ, and Market Beyond.
April 4, 2017 | Israeli artificial vision device company OrCam has closed a $41 million financing round that values the company at $600 million, the company’s chairman Prof. Amnon Shashua told “Reuters.” The Jerusalem based company was founded in 2010 by Shashua and CEO Ziv Aviram, the same duo who founded car sensor developer Mobileye, which was sold to Intel last month for $15.3 billion – easily a record exit in Israel.
OrCam has raised $63 million to date, including the latest financing round. Prof. Shashua did not disclose details about the investors in the latest round but previous investors included Intel Capital, BRM and Aviv Venture Capital.
OrCam has developed a computer vision device that includes a miniature video camera and processing unit that can be attached to eyeglasses. Through a computer vision algorithm, the device is able to vocalize texts it encounters, such as street signs, a restaurant menu, a newspaper, or a book, to those with vision problems. It can identify supermarket products and distinguish different denominations of bills. The identification is communicated to the user verbally with almost no delay from the moment the information is requested by pointing. Shashua told “Reuters” that OrCam expects to conduct an IPO on the NYSE or Nasdaq by the end of next year.”
April 2, 2017 | Established in 1902, the Rhodes Scholarship is widely considered one of the most prestigious scholarship programs in the world. Only a few students each year, from a set number of countries, have the opportunity to become Rhodes Scholars. In 2017, for the first time ever, Israeli students had the opportunity to be selected for the scholarship. Maayan Roichman, a recent graduate of Tel Aviv University‘s Adi Lautman Interdisciplinary Program, has become one of only two Israeli recipients. The Rhodes Trust, a British charity, provides full financial support for Rhodes Scholars to pursue a degree or degrees at the University of Oxford. As many Rhodes Scholars have gone on to successful careers in politics, media and academia – among them former president Bill Clinton – Roichman will soon be joining an elite group of international leaders and academics.
April 2, 2017| Israeli biomed company CollPlant, a regenerative medicine company utilizing its proprietary plant-based rhCollagen technology for tissue repair products (recombinant human, “rhCollagen”), has just provided a commercial and operational update in its annual reports.
The company has progressed to the commercial stage with the signing of Vergenix™FG and Vergenix™STR distribution and sales agreements in Europe. The company has also progressed development of 3D bioInk, the Company’s rhCollagen formulations to be used as biological ink for 3D printing of human organs and tissue. Also, the company is pursuing joint ventures with international companies to further advance bioInk in specific indications in 2017. Collplant was founded in
March 30, 2017 | ControlUp, a leading provider of an ITOps analytics and management platform, announced that it raised $10 million in a Series B funding round. The round was led by K1 Capital and Jerusalem Venture Partners, and brings the company’s total funding to $13.3 million. The company was founded in 2012 by Israeli Assaf Granot.
March 30, 2017 | Israeli online logistics technology company Freightos has announced the completion of a $25 million Series B extension round, led by GE Ventures, with participation by additional investors. This brings the company’s total funding to $50 million since it was founded in 2011. Freightos has 150 employees based in offices around the world about 33% of them in Israel. The company. which automates the routing and pricing of international freight shipments, was founded in 2012 by Zvi Schreiber.
March 27, 2017 | Israeli company Grid4C announced that it has been selected top Big Data solution provider 2017 by Energy CIO Insights. Grid4C is also showcased as the cover story in the Big Data edition of Energy CIO Insights magazine. Grid4C develops machine-based artificial learning software for power producers and providers. Grid4C has clients in Israel, the United States and Europe. The company was founded in 2013 by CEO Dr. Noa Ruschin-Rimini in order to answer challenges facing power-providers.
March 23, 2017 | The Tel Aviv District Planning and Building Committee has approved a plan to build a 100-floor building in Tel Aviv. The new high-rise, which will be the tallest building in Israel, will be located on a 11 dunam (2.75 acre) plot owned by the Tel Aviv Municipality near the entry ramp to the Ayalon Highway by Tel Aviv Central Savidor Station. At present the lot serves as a car park. The planned building will have 166,500 square meters of space zoned for offices, hotels and commercial premises. Once the plan has passed the objections hurdle, Tel Aviv Municipality will issue a tender, which is expected to attract the country’s largest income producing property companies. The original plan was for 75-floors but the Tel Aviv District Planning and Building Committee accepted the recommendation of Tel Aviv city engineer Oded Gvuli, to increase it to 100-floors. The plans will be drawn up by Amnon Schwartz Architects Ltd.
March 23, 2017| Shir Kashi, an undergraduate student at Ben-Gurion University of the Negev won the best Late-Breaking Report award at the 2017 Conference on Human-Robot Interaction (HRI) in Vienna, Austria earlier this month. Kashi, a research assistant in Dr. Shelly Levi Tzedek’s Cognition, Aging and Rehabilitation (CAR) Lab, presented the results of her study on people playing the mirror game with a robotic arm. The study was conducted at the Department of Physical Therapy, as part of broader research in the CAR lab on interactions between people and robots, with the aim of understanding how to design optimal interactions for integrating robots in the rehabilitation reconstruction process in the future.
March 23, 2017| Ben-Gurion University of the Negev’s Dr. Yonatan Dubi of the Department of Chemistry is to be awarded the prestigious Krill Prize from the Wolf Foundation for excellence in scientific research. The prize will be presented at a ceremony to be held next week. Dubi was part of the US-Israel collaboration with Prof. Bingqian Xu of the College of Engineering at the University of Georgia, USA which made headlines last year for their creation and characterization of the world’s smallest diode – one molecule small. Initiated in 2005 by the Krill family, six prizes of $10,000 each are awarded annually in life sciences, medicine, agriculture, engineering and exact sciences. Selection is made by the Wolf Foundation Scholarships Committee on the basis of an untenured candidate’s excellence and the importance of his or her research field.
The Wolf Foundation was established in Israel in 1975 by inventor, diplomat and philanthropist Dr. Ricardo Wolf, “to promote science and art for the benefit of mankind.”
March 23, 2017 | Israeli V2X (Vehicle to Everything) communication solutions startup Autotalks has completed a $30 million Series D financing round. The new funding round includes the company’s existing investors: Magma Venture Capital, Gemini Israel Fund, Amiti Fund, Mitsui & Co. Global Investment, Liberty Ventures and Delek Motors, as well as new financial investors: Israeli institutions, Fraser McCombs Ventures, Vintage Investment Partners and Samsung Catalyst Fund. The proceeds will be used to expand the company’s worldwide operations and accelerate deployment of technologies for safer and smarter autonomous vehicles. Autotalks, which specializes in vehicle to vehicle communications in autonomous driving, has raised $70 million to date including this round. The company was founded in 2008 by Onn Haran and is based at Kfar Netter near Netanya.
March 21, 2017 | Israeli ophthalmic device company EyeOn Medical founded by ophthalmologists Dr. Arie Marcovich and Dr. Daphna Ofer, and managed by CEO Nahum Ferera, has raised $6.5 million. The company, which emerged from the Val Leer incubator, has developed a special contact lens designed to treat corneal edema. The investment round was led by China-based venture capital fund Rimonci Capital and co-investor Gauss Group, as well existing investors Triventures and Pontifax, with a grant from Israel’s Chief Scientist.
March 20, 2017 | Israeli storage and data management solutions company Reduxio Systems has raised $22.5 million of its Series C financing in a round expected to reach $32 million. The round, which was led by London-based C5 Capital, more than doubles the capital invested in the company, and will fund continued innovation and global marketing of Reduxio’s software-defined storage platform. All previous investors, including Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology participated in this financing round. Reduxio CEO Mark Weiner, CTO Nir Peleg, and VP R&D Amnon Strasser founded the company in 2012 at the JVP Media Quarter in Jerusalem. The company has 80 employees of which 50 are in its Israel offices in Petah Tikva. Reduxio also has offices in San Francisco.
March 16, 2017| Two Israeli writers are among the 13 nominees on the longlist for the Man Booker International Prize, which honors global fiction translated into English. Seventy-seven-year-old Amos Oz, considered Israel’s most famous living author, was nominated for “Judas,” his first novel in a decade. Also making the list was Israeli David Grossman, for “A Horse Walks Into a Bar.” On April 20, a shortlist of six books that have been translated into English will be announced by the prize foundation, considered among the world’s most prominent literature awards. The winner will be proclaimed at a London award ceremony on June 14 that will celebrate the top global fiction translated into English. The winning author and translator will split the grand prize of £50,000 ($61,000).
March 15, 2017 | The Israeli Minister of Education has announced that Prof. Nili Cohen, of The Buchmann Faculty of Law at Tel Aviv University, will receive the Israel Prize in Law for her lifelong, groundbreaking work in the field. Prof. Cohen’s received her undergraduate, graduate and post-graduate degrees at Tel Aviv University and has served as a teacher and researcher at TAU since the 1970s. A very popular professor, Cohen received the rector’s award for excellence in teaching several times. Between 1994 and 1997 she served as the vice rector of Tel Aviv University and then between 1997-2001 as the university’s rector. Since 2004 she’s been a member of the Israel Academy of Sciences, and since 2015 she’s served as the president of the Academy and has helped shape academic research in Israel in general and the study of law in particular.
March 15, 2017 | Israeli customer-centric logistics platform for enterprises Bringg has raised $10 million in a financing round round led by Aleph VC and joined by Coca-Cola and previous investor Pereg Ventures. This follows earlier investments from Ituran and Cambridge Capital. Bringg’s products are used by retail, ecommerce, CPG, food and third/fourth-party logistics providers and customers in more than 50 countries including some of the world’s leading brands. With offices in Tel Aviv, New York and Chicago, Bringg was founded in 2013 by CEO Raanan Cohen and CTO Lior Sion.
March 14, 2017 | Israeli company Dyadic Security (Dyadic), a world leader in Software-Defined Cryptography (SDC), announced today the completion of a $12 million Series B funding round led by Goldman Sachs Principal Strategic Investments, Citi Ventures and Eric Schmidt’s Innovation Endeavors. The funding round will be used to expand Dyadic’s sales and marketing operations in North America. As part of the investment, Innovation Endeavors’ Yuval Shachar has been named Chairman of the Dyadic Board of Directors. Dyadic provides enterprise customers and financial institutions both security and usability in managing their cryptographic keys, rather than the traditional tradeoff. Founded by world-renowned cryptography experts and a strong team of applied crypto software engineers, Dyadic has created the world’s first SDC technology, called Dyadic vHSM (virtual Hardware Security Module). The company was founded in 2013 by Nigel Smart, Yehuda Lindell, and Avner Mor and maintains offices in Petach Tikva, Israel and New York City.
March 13, 2017 | Israeli predictive analytics startup Endor has closed a $5 million seed financing round led by Eric Schmidt’s Innovation Endeavors and Marker LLC. Based on MIT research, and with offices in Tel Aviv, Endor has developed a predictive software platform that lets business users ask any predictive question and get high-quality results in minutes. It requires no coding, data cleaning, knowledge of machine learning, or PhDs, and far less data history than standard machine learning methods.
June 26, 2016 | Ben-Gurion University of the Negev (BGU) and the Cincinnati Children’s Hospital Medical Center have announced the formation of Xact Medical, a new company that will seek to commercialize the Fast Intelligent Needle Delivery (FIND) system. The FIND system uses robotics and ultrasound to guide and insert a needle into a patient’s body. This is particularly significant for children, whose vascular systems are so small and where precision can be critical. FIND will enhance clinician capabilities for precise, quick and convenient placement of a needle point that significantly improves the odds of successful vascular access on the first try.