| December 7, 2016 | Israeli video optimization startup Beamr imaging Ltd. has raised $4 million from Verizon Ventures, the company reports. Previous investors in the Tel Aviv-based video and image encoding and processing company with commercially deployed content adaptive optimization technology include Eric Schmidt’s fund Innovation Endeavors, Marker LLC, and Disruptive. Beamr raised $15 million in March and $9.5 million in a financing round in 2014. Beamr was founded in 2009 by CEO Sharon Carmel.
| December 7, 2016 | Israeli laparoscopy company Gordian Surgical has closed a $2.25 million financing round. German medical device company, B. Braun Melsungen AG led the investment round with €1 million, with the remainder from current shareholders and three VC funds, two of which are Chinese funds. Gordian Surgical was founded in 2012 by CEO Zvi Pe’er and is a Trendlines Group Medical portfolio company based at the Misgav Business Center in the Western Galilee. Gordian also announced it has received US Food and Drug Administration (FDA) regulatory clearance for its TroClose1200, an innovative trocar with integrated closure system for the suturing of abdominal wall incisions during laparoscopic surgical procedures. The FDA approval follows Gordian’s receipt of CE Mark certification in September.
| December 6, 2016 | Israeli cyber security startup SECDO has closed a Series A financing round, bringing total investment to $10 million. The investment was led by RDC, a subsidiary of Elron Electronic Industries Ltd. and Rafael Advanced Defense Systems Ltd., Check Point Software Technologies Ltd., cofounder and chairman Marius Nacht, and the founders of Anobit, acquired by Apple. Founded in 2014 by CEO Shai Morag and CTO Gil Barak, both graduates of the IDF 8200 intelligence unit, SECDO has developed a platform to provide Next-Generation Incident Response solutions on cyber attacks. The funding will be used to expand US sales operations, customer support, and its R&D center.
| December 6, 2016 | Israeli P2P insurance company Lemonade has announced a $34 million Series B financing round. The funding was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and Tusk Ventures, as well as existing investors Aleph, Sequoia, and XL Innovate. This brings Lemonade’s total funding to date to $60 million. Lemonade’s P2P insurance platform is powered by artificial intelligence and behavioral economics. The investment comes less than two months after the Israeli insurtech company launched in New York, and less than a year after announcing its seed round. Lemonade was founded by veteran Israeli tech entrepreneurs CEO Daniel Schreiber former president of Powermat and president and CTO Shai Winniger, a co-founder of Fiverr.com.
| December 6, 2016 | Israeli shoulder implant medical device company OrthoSpace has raised $7 million in a financing round from new investor Johnson & Johnson Innovation and previous investors HealthpointCapital, Smith & Nephew and TriVentures. Led by Itay Barnea, CEO, Caesarea-based OrthoSpace produces InSpace, an orthopedic biodegradable balloon system that is a minimally invasive method for rotator cuff repair. The product, marketed in Europe, Israel, Russia and Hong Kong where 10,000 balloons have been implanted, is for patients who suffer from a rotator cuff injury, and reduces shoulder pain and improves the range of motion.
| December 5, 2016 | Hadas Ben Aroya’s senior film, ‘People That Are Not Me’, created as part of her studies at the Tisch School of Film at Tel Aviv University, has won first prize at the prestigious Mar del Plata film festival, the most important festival in Latin America. The film deals with the lives of twentysomething residents of Tel Aviv, and was produced, written and starred in by the director herself. The film was produced on a low budget, and is a rarity in the film world, winning awards as a feature film despite being produced as part of an undergraduate degree.
| December 4, 2016 | Three researchers from the Hebrew University of Jerusalem will be awarded prizes in three of the five award categories of the prestigious EMET Prize, accounting for three of the eight total prizes awarded in 2016. The awarding of the prizes will take place this evening at the Jerusalem Theater with the participation of the Prime Minister of Israel. The Hebrew University winners are: Professor Yehuda Bauer in Humanities (Holocaust Research) for his multifaceted research that raised public awareness of the Holocaust and influenced the study of the Holocaust and the public discourse in Israel and worldwide on antisemitism, the Holocaust and genocide; Professor David Kazhdan, winner in Exact Sciences (Mathematics) for major contributions in the design of representation theory and its uses in algebra, algebraic geometry and number theory; and Professor Haim Sompolinsky, winner in Life Sciences (Brain Research) for establishing the theoretical framework for understanding the principles of brain function and the behavior of neuronal networks, and for shaping brain theories into a systematic discipline using methods borrowed from statistical mechanics.
| December 1, 2016 | Israeli TV advertising management technology company SinTecMedia is acquiring the US digital advertising solutions company Operative Media Inc. for $200 million. The merged company will offer a range of tools that will help companies save costs by streamlining TV and digital advertising expenses. Jerusalem based SinTecMedia was acquired in April by US private equity fund Francisco Partners for $400 million from Riverwood Capital, another US private equity fund. Founded 16 years ago, SinTecMedia took a big step forward in early 2014, when it acquired Pilat Media Global, a competitor listed on the UK AIM stock exchange in which it already had a 22.7% stake. SintecMedia paid $103 million for the rest of Pilat Media, a company whose business was identical to its own.
| December 1, 2016 | Three members of the senior investing team at major Israeli venture firm Genesis Partners, Eddy Shalev, Jonathan “Jonny” Saacks and Barak Rabinowitz, announced today the the creation of their own early-stage fund, F2 Capital. F2 Capital is in the midst of closing a $50 million debut fund to back seed stage companies. The newly spun out firm is taking over the management of The Junction, an accelerator program that was started by Genesis Partners. Founded in 2011, the Junction is modeled after the Israeli military selection process for elite units with some 250 applicants pitching and only five companies selected to enter the six month bootcamp program. F2 provides $100,000 of funding on a convertible note to those top five selected companies. The firm maintains an option to invest more in their later rounds. Previous participants in the Junction have included: Appsflyer, Honeybook, Simplee, ClarityRay (acquired by Yahoo!), KitLocate (acquired by Yandex) and Moment.me (acquired by Wix). F2 will focus on “frontier” technology, tech that’s beginning to transform existing industries or create new industries.
November 30, 2016 | Giant chip maker Intel has joined Delphi Automotive and Israeli company Mobileye on their quest to manufacture a driverless car by 2019. The companies will present at CES 2017, to be held in Las Vegas in January. With Mobileye contributing its cutting-edge autonomous driving technologies, and Intel (which employs some 10,000 people in Israel) contributing the tremendous computing power needed for the future car, there’s no doubt Israel is playing a significant role in the emerging self-driving car industry. Mobileye is already collaborating with BMW and Intel on an autonomous car. Mobileye, which develops vision-based driver assistance systems that help prevent collisions, was founded in 1999 by Prof. Amnon Shashua and Ziv Aviram.
| November 29, 2016 | Yesterday, US telecommunications conglomerate AT&T launched a new TV project, in which content is streamed to the web via an application. The application was mainly developed by AT&T’s Israel R&D center. The R&D center had started out as Israeli company Interwise, acquired by AT&T in October 2007. It has over 500 employees and is managed by the center’s CEO Nir Shalom. Other than video content, the new service offers more than 120 TV channels: sports channels, content channels, live performances and more. The company said that DirectTV Now will be offered on all devices, independently of AT&T’s mobile phone services. The app is available on both Apple and Android devices, but is not currently available outside the US.
| November 29, 2016 | Israeli spinal implant company ApiFix has raised a $5 million Series B investment round, which will be closed by the end of next month. ApiFix is developing a minimally invasive deformity correction system for patients with Adolescent Idiopathic Scoliosis (AIS). Based in Misgav in northern Israel, ApiFix is part of the Trendlines Group. B. Braun Melsungen Aesculap division has invested $2.8 million in the latest financing round.
| November 28, 2016 | OurCrowd, a global leader in equity crowdfunding, announced today that it has opened an office in Singapore, its seventh worldwide, to serve the growing community of Asian investors interested in funding early stage high-growth companies. It has also appointed Denes Ban, a successful entrepreneur and technology executive, as Managing Partner Asia and head of OurCrowd’s Singapore Management company. The move follows OurCrowd’s announcement earlier this year that it has partnered with United Overseas Bank (UOB) and Sassoon Investment Corporation (SassCorp) to pursue equity crowdfunding for startups and SMEs in the region. OurCrowd also received a formal license to begin operating in Singapore from the Monetary Authority of Singapore in August 2016.
| November 24, 2016 | Scientists and researchers from around the world gathered this week in Israel for the inauguration of the Technion Integrated Cancer Center (TICC), a first-of-its kind hub for global cancer research, which will expedite the discovery of new diagnostic tools and treatments through a collaborative “bench-to-bedside”approach. In addition to serving as a hub for multiple fields of research, the TICC will also be a nexus for the Technion’s five affiliated hospitals that run clinical trials. It will be co-led by Professor Ze’ev Ronai and Distinguished Professor Aaron Ciechanover – who along with Technion Professor Avram Hershko and the late Dr. Irwin Rose won the 2004 Nobel Prize for the discovery of the ubiquitin system, a discovery which led to the development of efficient anti-cancer drugs, e.g. Velcade® for Multiple Myeloma.
| November 24, 2016 | Israeli fintech company PayKey has completed a $6 million financing round. The company has developed a system enabling banks to provide peer-to-peer fund transfer services via social networks and instant messaging applications. PayKey was founded in 2014 by CEO Daniel Peled and CTO Offer Markovich. It has so far raised $6.4 million and has 20 employees.
| November 23, 2016 | Israeli SDK management company SafeDK has closed a Series A financing round of $3.5 million led by StageOne Ventures with the participation of Samsung Next Tel Aviv, Marius Nacht, Kaedan Capital, and angel investor Leon Waisbein. This funding round follows a seed investment of $2.25 million in November 2015. SafeDK is an SDK management and marketplace for enterprises and mobile developers. It offers an infrastructure solution, which improves mobile apps’ security, stability, and QoS by monitoring and controlling 3rd party tools integrated in the apps. The company was founded in 2014 by two women – CEO Orly Shoavi and VP Business Development Ronnie Sternberg.
| November 22, 2016 | An analysis of graduates’ employability published by Times Higher Education (THE) ranked graduates of the Hebrew University of Jerusalem as the 67th most employable in the world, the highest among all Israeli institutions. The rankings, which reveal which universities recruiters at top companies think are the best at preparing students for the workplace, also included the Technion-Israel Institute of Technology in 122nd place, and Tel Aviv University in 139th place. The top 3 ranked institutions globally were California Institute of Technology, Massachusetts Institute of Technology and Harvard University.
November 17, 2016 | Three Israeli companies, Logz.io, SeaLights, and Siemplify, announced major funding rounds this week, raising an aggregate total of $37 million. Logz.io, which combines machine learning with human insights so businesses can better understand and monitor their networks, raised $16 million, bringing the capital raised since its founding in late 2014 to $24 million. SeaLights announced it has raised $11 million. The company has developed a cloud platform, allegedly the first of its kind, for continuous quality assurance (QA) tests. Cyber security company Siemplify completed two financing rounds within nine months, raising $4 million in the first last February and $10 million in the current round.
November 17, 2016 | Israeli startup Kang Health has raised a $3.3 million seed round from Bessemer Venture Partners, Comcast Ventures, Mangrove Capital, Lerer Hippeau Ventures, Primary Ventures, and Taboola CEO Adam Singolda who is joining their board. The new company is headed by former Vroom and Wix CEO Allon Bloch. Their software takes an AI approach to diagnosing symptoms, that will at both facilitate a conversation with a user about his or her symptoms while simultaneously drawing crowd-sourced data from others who reported similar symptoms. From there, Kang’s platform would draw diagnostic and treatment suggestions.
November 17, 2016 | EverThere, a San Francisco and Tel Aviv based company that helps advertisers precisely target event attendees, has raised $1.8 million in a round led by Elevator Fund. The company boasts a 21% conversion rate through personalized advertising campaigns at events and trade shows. The funding will be mainly used to grow its event marketing automation platform and its West Coast sales and marketing team. EverThere’s platform enables advertisers to connect with event audiences who are actively seeking solutions, then engages their addressable target market with unique offerings, even when do not attend or sponsors those events.
November 17, 2016 | Israeli startup ParaSonic, which developed a comb-like device that destroys head lice using ultrasound waves, has raised $1.6 million from a private American investor, the company said yesterday. ParaSonic is an early-stage startup led by David Tavor and backed by Arab-Israeli technology incubator NGT3, which is located in Nazareth.
| November 15, 2016 | Mortimer B. Zuckerman was presented with The Technion Medal, the highest honor of the Technion-Israel Institute of Technology at a festive dinner last night in New York City. A business leader and philanthropist, Zuckerman was honored for establishing the Zuckerman STEM Leadership Program—a transformative initiative designed to foster collaboration between scientists in the U.S. and Israel. “The idea is to have Israelis study at the highest level of technology and science in America and vice versa, for Americans in Israel,” Zuckerman said in a statement. “Collaboration and cooperation are crucial in today’s fast-paced world of science. This is a win-win for both countries,” Technion President Professor Peretz said in a statement.
| November 14, 2016 | Gaming software development company Playtech has agreed to buy Consolidated Financial Holdings for up to $120 million– a deal it said will enhance its position as it continues to build a B2B offering in its financials division. Playtech is controlled by self-made Israeli billionaire Teddy Sagi and the acquisition will be made in two stages, as is customary with Playtech. CFH Clearing was founded in 2008 and is part of CFH – an investment group founded by two leading UK private equity funds. CFH Clearing has about 100 employees, including a 70-person IT staff.
November 13, 2016 | The U.S. Department of Energy (DOE) and Israel’s Ministry of National Infrastructure, Energy and Water Resources (MIEW), along with the Israel Innovation Authority, announced the investment of $4 million in five newly selected clean energy projects as part of the Binational Industrial Research and Development (BIRD) Energy program. The total value of the approved projects is $8.6 million in the areas of solar energy, biomass, fuel cells and energy efficiency. The selected startups are: BrightSource, CelDezyner, Solview Systems, Technion IIT, and Waves Audio.
November 10, 2016 | Israeli unified marketing analytics platform developer Singular has closed a $15 million Series A financing round from KDWC, Translink Capital, Telstra Ventures and previous investor General Catalyst. Singular helps empower data oriented marketers at companies like Lyft, Twitter, Match.com and Zynga. The Singular platform connects disparate data from any digital marketing point solution provider to uncover ROI and actionable marketing insights. Founded in 2014, the company has raised $20 million to date. Singular’s cofounders CEO Gadi Eliashiv, CTO Eran Friedman and COO Susan Kuo were all senior executives at Israeli mobile apps analytics solutions company Onavo, which was sold to Facebook for $150 million. The company is headquartered in San Francisco with its development center in Tel Aviv and offices in Berlin.
November 10, 2016 | Israeli company Frutarom Industries, one of the world’s largest companies in the field of flavors and fine ingredients, has acquired of 75 percent of the shares of Mexican group Piasa, a provider of savory solutions, in exchange for $20.5 million. This is Frutarom’s eighth acquisition this year. Frutarom was founded in 1933 by Yehuda Araten and Maurice Gerzon.
November 9, 2016 | “Israel IoT Innovations” – i3 Equity Partners (“i3”), a new global consortium, has announced the establishment of a new Investment Vehicle, with a first closing of $20 million, for developing next-generation IoT (Internet of Things) and IIoT (Industrial Internet of Things) technologies. The consortium is comprised of five global leaders in the IoT industry – GE Ventures, HNA EcoTech, Microsoft Ventures, Qualcomm and Tata, in partnership with Pitango Venture Capital and Tel Aviv University (TAU) through its Business Engagement Center RAMOT. With headquarters on the TAU campus, i3 is headed by Managing Partners Noga Kap and Eran Wagner, both successful Israeli entrepreneurs as well as investors with years of proven track records and extensive experience in early-stage investments, and chaired by Shlomo Nimrodi, CEO of RAMOT, and a veteran of the Israeli High-Tech industry.
November 9, 2016 | Israeli startup and high-tech companies raised $3.26 billion from private equity firms in the first nine months of 2016, topping the entire year of 2015, when companies raised $3.22 billion in private equity, according to a survey by IVC Research Center and Israeli law firm Shibolet. In the third quarter of 2016, Israeli private equity deal-making rose to $1.7 billion in 18 deals, the highest quarterly amount in the past two years.
November 8, 2016 | Israel Railways opened the Kiryat Sapir railway station in south Netanya on Saturday night. The new station is on the existing Haifa-Tel Aviv coastal line between Netanya and Beit Yehoshua. The station is located near the Poleg interchange and the IKEA furniture store and will serve the Kiryat Sapir (Poleg) southern Netanya industrial zone and Netanya soccer stadium as well as southern Netanya residential neighborhoods. The station costing NIS 70 million covers 3,600 square meters as well as a car park for 600 vehicles. One train in each direction will stop at the station each hour and two trains per hour during the morning and evening rush hours. This is Israel Railway’s 61st railway station and follows the opening of four new stations last month on the Valley Line between Haifa and Beit Shean. Under construction and due to open in the next few years are the Jerusalem – Tel Aviv fast rail link and the Western Galilee line to Karmiel.
November 8, 2016 | Israeli network solving problem company Indeni has raised $10 million from Sequoia Capital, iAngels, and CIRtech. The startup provides a crowdsourced and machine learning network operations platform. The funds will support Indeni’s aggressive plan to enable its enterprise customer base, increase investment in sales and marketing, and create category-defining technology for mission critical devices. Founded in 2010 by CEO Yoni Leitersdorf, the company has offices in San Francisco and Palo Alto and its development center in Tel Aviv.
Teva Pharmaceutical Industries launched its generic version of Forest Laboratories’ Lexapro, for the treatment of depression and generalized anxiety disorder. Teva will enjoy six months of marketing exclusivity, as it was the first company to file an Abbreviated New Drug Application with the FDA. Lexapro has been a major revenue generator for Forest Labs with the product generating sales of $1.8 billion in the first nine months of fiscal 2012. View and share
Computer communications giant Cisco Systems is in advanced talks to acquire NDS for $5 billion, Israeli website Calcalist reported. NDS, founded in 1988, is a provider of software solutions for the pay television industry. The company is currently owned by Permira Advisors and News Corp, controlled by Rupert Murdoch. Its headquarters are based in the UK and its R&D center is located in Jerusalem, Israel. View and share
Microsoft has launched the first startup accelerator in the company’s history, to encourage early-stage startups to build cloud-based applications using Windows Azure. As part of the program, Microsoft will provide the participants workspace and coaching. The four-month program will take place at the Microsoft Israel Research and Development Center in Herzliya Pituach, Israel. View and share
Avaya plc is set to acquire video conferencing solutions developer Radvision, Israeli media reports. Avaya, a provider of business collaboration and communications solutions to companies around the world, will buy the Israeli company for $200-250 million. The deal is expected to be sealed by the end of this week. Radvision was founded in 1992 and provides video conferencing technologies over IP and wireless networks. View and share
IBM launched an analytics platform that offers personalized treatments for a wide range of long-term health issues including cancer, hypertension and AIDS. The biomedical platform, named Clinical Genomics, was developed by IBM researchers in Haifa, Israel and combines personal health history with an analysis of guidelines and similar cases. The platform will deliver treatment recommendations based on an automated interpretation of pathology guidelines, as well as cases documented in hospital information systems. View and share
Intel and GE Healthcare, the healthcare division of General Electric, have established a new laboratory in Israel to jointly test new technologies. The two companies announced that the lab will focus on optimizing their new products, such as GE’s ultrasound diagnostic imaging systems. The lab is located near GE Healthcare’s offices and Intel’s R&D center. View and share
Investment network eToro announced that it has closed a funding round of $15 million from Spark Capital and other investors to fuel international growth and further development of its social trading platform. The new round takes the total amount of funding in the Israel-based company to $33.9 million. eToro’s community powered network enables every investor to see, follow and automatically copy the actions of other investors in real time. According to the company, it has over two million users in over 140 countries. View and share
Medical device company superDimension is in the process of being acquired by Covidien Plc, for $350 million, Israeli website Calcalist reported. The deal is anticipated to be sealed by the end of this week. superDimension develops pulmonary devices that are mostly used to diagnose lung cancer. It was founded in 1995 in Israel and is headquartered in Minneapolis. View and share
Mazor Robotics, Israeli developer of surgical robots and complementary products for spine surgery, signed an agreement with Cicel Science & Technology to distribute its Renaissance system in China. As part of the agreement, Cicel is committed to purchase three Renaissance systems for surgical guidance and will use these systems to pursue regulatory clearance from the State Food and Drug Administration (SFDA) in China. View and share
Israeli startup Fooducate has won the mobile application competition “Command the Spotlight” at the SXSW conference in Austin, Texas. The competition was organized by analytics company Flurry. According to the blog VentureBeat, Fooducate was one of three selected apps that beat their 700 competitors. Fooducate provides nutritional information about grocery store items after analyzing information found in each product’s nutrition panel and ingredient list. The company is based in Tel Aviv. View and share
NeuroPhage Pharmaceuticals, a privately held biotechnology company focused on the treatment and prevention of neurodegenerative diseases, announced that it has secured $9 million. The funding round that was completed by existing investors and private investors brings the total amount of equity capital raised by NeuroPhage since its inception in 2006 to $28.6 million. NeuroPhage, which focuses on treating diseases involving protein aggregation, was founded in 2007 by a Cambridge-based team along with Professor Beka Solomon, Chair for Biotechnology of Neurodegenerative Diseases at Tel Aviv University. View and share
WatchDox, the developer of file sharing security solutions, has raised $9 million. The funding was led by investment and advisory firm Blackstone and included the company’s current investors – Chairman Shlomo Kramer, Shasta Ventures and Gemini Israel Funds. The company, based in Petah Tikva, Israel, and Sillicon Valley, provides solutions to access, share and control sensitive documents on devices such as smartphones, tablets and PCs. View and share
Israeli bio-pharmaceutical company Kamada announced that it has obtained FDA approval to conduct a clinical trial in the US for the company’s next generation drug for the treatment of cystic fibrosis. The drug is an inhalable version of company’s AAT drug (Alpha-1 Antitrypsin deficiency). The current FDA approval is partly based on successful pre-clinical trials of the drug. Company president and CEO, David Tsur, said they expect to shortly complete the preparations for the trial in order to obtain approval for the drug in the US market. View and share
Teva Respiratory, the U.S.-based respiratory subsidiary of Israeli Teva Pharmaceutical Industries announced that the FDA has approved its quick relief inhaler ProAir HFA with a dose counter, for the treatment or prevention of breathing disorders in patients four years of age and older. The dose counter is designed to help patients suffering drom disorders such as , Chronic Obstructive Pulmonary Disease (COPD) and Exercise-Induced Bronchospasm (EIB), keep track of the number of doses remaining in the canister. The new product will be commercially available later this year. View and Share
Vascular Dynamics has raised $13.2 million at a company value of $31 million in a funding round led by an equity fund, whose name was not disclosed. Vascular dynamics developed a passive, catheter-delivered stent implant for the treatment of high blood pressure. The stent is in its preclinical stage. The company was founded in 2008 at Rainbow Medical, a healthcare accelerator developing technologies invented by Israeli inventor, Yossi Gross. In November 2011, the company’s development and commercialization efforts were moved to California. View and share