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.
March 9, 2017 | Israeli startup ScyllaDB announced it has closed a $16 million Series B financing round led by Western Digital Capital, Samsung Ventures, Magma Ventures, and Qualcomm Ventures, with participation from Bessemer Venture Partners. Founded in 2012 by Dor Laor and Avi Kivity, and with offices in Herzliya and Palo Alto, ScyllaDB is an open source NoSQL database that facilitates application building and enables developers to build mission critical applications swiftly and ultra low latency.
March 8, 2017 | Israeli startup RadiAction Medical has completed a $5.7 million Series A financing round led by HighGround Tairun Investment LLPs, an investment fund co-managed by HighGround Capital and Boya Capital from China. The company has developed an innovative radiation shielding device for fluoroscopic systems in interventional suites. The technology was invented by serial entrepreneur Dr. Amir Belson, M.D. and developed by RadiAction, which was founded in 2014 by Dr. Belson and Jonathan Yifat in the RAD Biomed incubator in Israel. The technology involves a device that transfers the radiation shielding from the personnel to the fluoroscopy system itself, while seamlessly integrating with the physician’s work flow and featuring zero-impact on the X-ray image quality.
March 8, 2017 | Israeli contract review platform for businesses LawGeex announced the closing of a $7 million Series A financing round. The round was led by a group of high-profile investors including Japanese-based HR and information services company Recruit Holdings, the owner of Indeed.com. Previous investors Lool Ventures and LionBird also participated in this round, bringing LawGeex’s total funding to $9.5 million. The LawGeex Artificial Intelligence reviews incoming contracts, approving them if they match pre-defined criteria, or escalating them to the legal team if needed. The company was founded in 2014 by Noory Bechor and Ilan Admon.
March 7, 2017 | Israeli cyber security company Zimperium Inc. has raised $15 million from Japan’s Softbank. Zimperium, which provides a mobile threat management platform to deliver continuous and real-time cyber threat protection for mobile devices and applications last year raised $25 million in Series C funding from Warburg Pincus, Sierra Ventures, Telstra Ventures and Lazarus Israel Opportunities Fund LLLP. With the investment from Softbank, Zimperium has raised $60 million. Zimperium, which is headquartered in San Francisco and has offices in Tel Aviv, was founded in 2010 by CTO Zuk Avraham and CRO Elia Yehuda.
March 7, 2017 | Chinese company BOE has invested $50 million in Israeli company Cnoga Medical for 23 percent of the company’s shares, reflecting a company value of $217 million, the two companies reported today. The shares given to BOE were newly issued, not sold shares. BOE is a Chinese laboratory equipment company that wants to establish itself as a leader in the medical sector. According to the BOE, Cnoga’s product, developed by the company since 2004, and which facilitates medical monitoring and processing of information on the cloud, matches BOE’s strategic plan. The deal also includes the signing of an agreement for joint marketing of Cnoga’s products in China and development of a new line of products for the professional health market. Cnoga, based in Or Akiva was founded by Dr. Yosef Segman in 2004.
June 18, 2014 | US manufacturing company Danaher Corp. is buying Israeli automatic print inspection systems company Advanced Vision Technology Ltd. for $100 million. Danaher will pay €14.5 per share in cash for AVT. VT’s board of directors has unanimously accepted the offer and has recommended that the shareholders also do so. The acquisition is expected to be completed in the second quarter of 2017. Based in Hod Hasharon, AVT’s automatic print inspection systems ensure quality and color for the packaging and labels market. The company will become part of Danaher’s product identification platform division. AVT’s optical inspection systems replace the human eye in inspecting packaging and labels and its leading products include X-Rite and Esko, which serve customers that use Danaher’s platform.
March 6, 2017 | Israeli startup Brayola, a new online service that helps women find bras that fit, has completed a $5 million financing round, according to Globes. Founded in 2011 by CEO Orit Hashay, the company operates online brassiere stores. The Firstime fund, managed by Ilan Shiloah, Nir Tralovsky, and Jonathan Benartzi, led the round with a $4 million investment, with participation from Gett (formerly GetTaxi) founders Shahar Waiser and Roi More and former fashion industry figure and Kidbox founder Haim Dabah. Following the new investment, Shiloah will become chairman of Brayola.
The new app enables users to get things done quickly and on the go. Complete includes integrations to Amazon Alexa with advanced list management, Apple Reminders, and more. Complete has a unique concept of one-tap completion buttons – so sending gifts, calling, texting and emailing is automated from the to-do list.
Complete takes advantage of cutting edge technologies emerging in the market. With the new integration to Amazon’s Alexa, Complete adds tasks and lists by simply talking your thoughts out. Using Alexa, you can simply say things like “Create a new grocery list” and then list the items you need like, “2 Bananas, whole milk, 5 tomatoes…”. You can also add simple tasks by saying: “Add a task to set an appointment with the doctor tomorrow at 2pm“. The integration with Amazon Alexa is powered by a technology built by VoiceIDE. This technology streamlines the process of creating Alexa voice integrations. This is the first public integration of VoiceIDE.
Complete will be available for Apple Watch and localized to 13 different languages – including Hebrew. Complete is a paid app that will be available for free for limited time.
24me was founded in 2012 by Gilad and Liat Hertanu, both founders and partners in life. They found themselves wasting too much time on managing and coordinating their calendar, to-dos and errands. After failing to find the right solution to improve their productivity, they decided to build it themselves.
Photo and video: 24me
March 1, 2017 | The British government announced today the launch of a global network of tech hubs, based on the successful model of the UK Israel Tech Hub that operates out of its embassy in Israel. The network was announced today as part of a new Digital Strategy focusing on expanding digital skills in the UK. The strategy includes the creation of five international tech hubs in emerging markets, based on the UK Israel Tech Hub model founded in Israel five years ago. The new hubs will create and develop partnerships between UK companies and local tech firms. Since its creation, the UK Israel Tech Hub has facilitated over 80 bilateral tech partnerships, with a deal value of £62 million.
The UK Israel Tech Hub was founded in the UK Embassy in Tel Aviv in 2011, aimed at promoting tech and innovation partnerships between the two countries. The Hub focuses on several areas with high potential for partnerships, such as online retail and fintech, biomed, cyber, mobility, smart cities, cleantech, educational technologies, creative industries and Arabic online content. The Hub is based at the British Embassy in Tel Aviv and in London. Its Director is Naomi Krieger Carmi and the Chairman is Haim Shani.
Photos and video: UKIsraelHub
March 1, 2016 | Israeli personalized medication management platform Medisafe announced today that it has raised a $14.5 million in a Series B funding round led by Octopus Ventures, with M (Merck)Ventures, to support the company’s rapid growth and global expansion. Other investors participating from previous rounds include Pitango Venture Capital, 7wire ventures, lool Ventures, TriVentures and Qualcomm Ventures. With over 3.5 million patient and caregiver registered users, Medisafe focuses on helping the hundreds of millions of people worldwide to take their medications as prescribed, solving the problem known as medication non-adherence. Based in Haifa, Medisafe was founded by CEO Omri Shor and CTO Rotem Shor.
March 1, 2017 | Israeli behavior analytics company Fortscale Security Ltd. has raised $7 million in its latest financing round led by Evolution Equity Partners and Valor Capital Group. The round also included investments from previous investors Intel Capital, Blumberg Capital, Swarth, CME ventures and UST Global. This latest investment round brings Fortscale’s funding total to $23 million and coincides with the release of the company’s newest offering: Presidio, the industry’s first embedded UEBA engine. With offices in San Francisco, Boston and Tel Aviv, Fortscale has developed machine learning-based user and entity behavior analytics (UEBA) for security. The company was founded by CEO Idan Tendler and COO Dr. Yona Hollander.
March 1, 2017 |US enterprise security company Palo Alto Networks has acquired Israeli cyber security company LightCyber for $105 million in cash and according to Israel’s “Globes,” an additional $25 million in shares. LightCyber has raised $32 million in funding, including $20 million last June. The company has annual revenue of $10 million.
LightCyber has been developing automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.
This is Palo Alto Networks second Israeli acquisition after buying information security company Cyvera in 2014 for $200 million.
February 28, 2017 | innogy SE, a leading European energy company, and OurCrowd, a leading equity crowdfunding platform, announced a new business partnership today. The partnership will combine the strength of OurCrowd’s network and ability to scout investment opportunities in Israeli startups and match the business objectives of innogy to provide innovative products and services beyond the energy market.
OurCrowd, a platform that connects investors and startups around the world, will help funnel Israeli technology startups that support innogy. This partnership will help innogy achieve its goal of enabling people to improve their quality of life by changing and enhancing the energy sector worldwide (and in Europe and Germany in particular) through decarbonisation, decentralisation and digitalisation.
innogy’s Innovation Hub established an outpost in Israel to engage with innovative startups in its areas of interest (Smart & Connected, Urban Solutions, Disruptive Digital, Big Data and Machine Economy/Blockchain), aiming to collaborate and invest in accordance with its open innovation strategy. The innogy Israel outpost is managed by Mickey Steiner, who has a wealth of experience in the Israeli hi-tech industry and is based in Tel Aviv.
February 28, 2017 | The Ambassador of the Federal Republic of Germany in Israel, Dr. Clemens von Goetze, will confer Germany’s highest honor, the Order of Merit, on the President of the Hebrew University of Jerusalem Menahem Ben-Sasson. The Commander’s Cross of the Order of Merit of the Federal Republic of Germany will recognize Prof. Ben-Sasson’s commitment to German-Israeli relations in the field of science, and thus to the cooperation between the two nations. The Order was established in 1951 to express recognition and gratitude to deserving men and women of the German people and of foreign countries.
Prof. Ben-Sasson is the thirteenth president of The Hebrew University and is currently serving his second four-year term in office. Prior to serving as president, Prof. Ben-Sasson was a Member of the Israeli Knesset, where he served as Chairman of the Knesset’s Constitution, Law and Justice Committee, and headed the Knesset Lobby for Higher Education. Prof. Ben-Sasson is a scholar in the Department of the History of the Jewish People in the Faculty of Humanities. A historian of the heritage of Jews in Muslim Lands, he has written some forty books and scholarly articles. He has served as President of the World Union of Jewish Studies, Vice-President of the Memorial Foundation for Jewish Culture, Chairman of the Ben-Zvi Institute for the Study of Jewish Communities in the East, and on the board of directors at Yad Vashem. Prof. Ben-Sasson lives in Jerusalem and speaks Hebrew, Arabic, English, French and German. He is married and has three children and six grandchildren.
Photo: Hebrew University
February 23, 2017 | Israeli DIY website company Wix.com announced today that it acquired DeviantArt, an online community for artists and designers, for $36 million in cash. Wix, which helps small businesses build and operate websites, will have access to Los Angeles-based DeviantArt’s more than 40 million registered members and over 325 million pieces of original art. As a result of the deal, Wix raised its 2017 revenue outlook by $8 million to $417-$419 million. Investments in DeviantArt’s platform will raise headcount and decrease 2017 free cash flow by $8 million to $63-$64 million. This is the first overseas acquisition for Wix, which saw revenue grow 48 percent in the fourth quarter of 2016 to $84.2 million as it beat expectations. The company has over 100 million registered users. As of Dec. 31, Wix had $172 million in cash. Wix was founded in 2006 by Giora Kaplan, Avishai Abrahami, and Nadav Abrahami.
February 23, 2017 | Israeli startups GetmeIns and Seegnature have won the top prize in the Insurtech Israel competition, which focuses on startups in the field of insurance technology. Israeli venture capital firm JVP will invest over $2 million in the winners. The startups will share the top award and the finds. GetmeIns operates in the field of fraud prevention, and has developed a unique platform to lower Loss Ratio for insurance companies. Seegnature empowers consumer-facing enterprises to close transactions remotely by verifying clients’ identity and getting their signatures on documents in real-time. [Photo: Seegnature]
February 22, 2017 | TestCraft, an Israeli provider of a continuous testing SaaS-based solution that allows manual business testers to create test automation without coding, announced today that it has closed a seed funding round of $1 million from a number of serial software entrepreneurs and industry veterans. The Tel Aviv based company was started in 2015 by Yarin Podoler and Daniel Levin who were joined by Dr. Ron Rymon as Executive Chairman, and Dror Todress as CEO. Dr. Rymon. The company will use the proceeds of this round to work with customers to further enhance its solution and to expand its core development team with top talent.
February 21, 2017 | Israeli VAT recovery company VATBox has announced the completion of a $20 million financing round led by Target Global Fund and with the participation of existing investors Viola Private Equity and other private investors. This brings the total equity raised by the company since founding to $50 million. The financing will accelerate VATBox’s international expansion and the rollout of its innovative VAT solutions. VATBox was founded in 2013 by CEO Isaac Saft and President Noam Guzman. The company has offices in Herzliya, Paris, Frankfurt, and New York.
February 20, 2017 | Apple Inc. has acquired Israeli startup RealFace, a cybersecurity and machine learning firm specializing in facial recognition authentication technology. According to Israeli financial news website Calcalist, the deal was worth “a couple of million dollars”. Founded in 2014 by Adi Eckhouse Barzilai and Aviv Mader, the Tel Aviv-based startup had developed a unique facial recognition technology that integrates artificial intelligence and “brings back human perception to digital processes”. RealFace’s software is said to use proprietary IP in the field of “frictionless face recognition” that allows for rapid learning from facial features. RealFace’s first product, the Pickeez app, created a new way to enjoy photos, with its recognition software automatically choosing the user’s best photos from every platform they’re on.
RealFace is the fourth Israel-based firm Apple is known to have acquired. In 2011 it bought flash memory maker Anobit for a reported $400 million, then in November 2013 it acquired 3D sensor company PrimeSense for an estimated $345 million. Most recently in 2015, Apple bought LinX for around $20 million.
February 19, 2017 | Israel’s IDC Herzliya has received the approval of the Council for Higher Education to open enrollment for an undergraduate double major in entrepreneurship, to be taught in English, the first of its kind in Israel. The program will provide young entrepreneurs the knowledge and the tools to realize their ideas and entrepreneurial ambitions. The IDC was the first to develop a training program for entrepreneurship 16 years ago. The Adelson School of Entrepreneurship, headed by Prof. Yair Tauman, offers academic courses to all IDC students as part of joint academic programs, or as elective courses. The new BA program in Entrepreneurship is based on the unprecedented success of two other special programs at IDC: The ZELL program for entrepreneurship and Media Innovation Lab (MiLab). The IDC was founded in 1994 by Prof. Uriel Reichman as a private, nonprofit institution for higher education that doesn’t rely on government subsidies. [Photo: Ofer Amram]
| February 16, 2017 | OurCrowd, a leading equity crowdfunding platform, made history today by hosting the biggest investment event in Israel, the 2017 OurCrowd Global Investor Summit. Some 6,000 guests from 82 countries, including startups, venture capitalists and strategic investors, attended the event at the Jerusalem International Convention Center. Also in attendance were over 200 multinational corporations including Honda, Innogy, GE, Shell, Intuit, Microsoft, and Samsung Ventures. The theme of the summit was “The Future is Here” and it included over 60 booths demonstrating a variety of frontier technologies already changing the world, including industrial drones, companion care robots, miniature spectrometers to “google” everything, tracking devices with centimeter accuracy, phone based glucose monitors, and much more. “This is by far the largest equity crowdfunding conference in the world, and Israel’s largest investor event ever,” Jon Medved, OurCrowd founder and CEO said in a statement. “We have twice the number of attendees that we had last year, giving proof to the tremendous vitality and dynamism in the global equity crowdfunding market.”
February 16, 2017 | Israeli educational games developer TinyTap has closed a $1.5 million financing round. The Tel Aviv based startup, which helps parents and teachers create educational games and other interactive apps, raised the funds from Hong Kong based Animoca, Israeli micro-venture capital fund Inimiti VC and New York Angels. Founded in 2012, the startup claims more than 100,000 titles have been created by teachers. The proceeds will be used to develop an online marketplace through which teachers can earn money from games that they’ve developed on the TinyTap platform.
February 16, 2017 | Israeli crowdfunding platform OurCrowd is expanding in Asia with a new Taipei office, the firm announced today during its 2017 OurCrowd Global Investor Summit, one of the largest technology and investment conferences in the Middle East. “We see Taiwan as one of the major technology and innovation centers in the world,” Jon Medved, founder and CEO of OurCrowd, said in a statement. OurCrowd community boasts 17,000 investors from 110 countries, who have invested some $400 million in 110 portfolio companies and funds.
February 15, 2017 | Sapiens International Corporation, an Israeli provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today it has entered into a definitive agreement to acquire privately held StoneRiver Inc., for approximately $102 million in cash. StoneRiver delivers a wide range of solutions and services for the insurance industry in North America. Founded in 1982 by Tsvi Misinai, Sapiens is headed by Roni Al-Dor and is traded both on NASDAQ and on the Tel Aviv Stock Exchange.
February 15, 2017| Israeli startup Intuition Robotics, which is developing social companion technologies, today announced funding from strategic investor iRobot Corp. and equity crowdfunding platform OurCrowd. This investment brings the total funding in the company to $6 million across various funding instruments. Ramat Gan based Intuition Robotics will participate in the world’s largest equity crowdfunding conference, the 2017 OurCrowd Global Investor Summit on February 16th in Jerusalem, where the company will conduct the first live demonstration of Elli•Q, an autonomous active aging companion aimed at keeping older adults active and engaged.
February 14, 2017 | Minute Media, parent company of 90min and 12up, a leading contributor-driven sports media platform, announced today the closing of a $15 million investment round, bringing its total funding since inception to $60 million. The funding will serve to further boost Minute Media’s global expansion into new markets, introduce new sports brands, and expand the teams across the company’s London, New York, Tel Aviv, Tokyo, Singapore, Manila and São Paulo offices. The round was led by Qumra Capital, with participation from Minute Media’s existing investors: Battery Ventures, Dawn Capital and ProSieben. Minute Media allows fans to share their passion for the game with millions of other fans by creating articles, quizzes, slideshows, videos, listicles and other multimedia content to tell the stories behind the game, further integrating sports in to pop culture.
February 14, 2017 | Israeli employee services cloud based IT company Samanage today announced that it has received $20 million in new capital funding, including investments from Carmel Ventures, Gemini Israel Ventures, Marker LLC, Salesforce Ventures and Vintage Investment Partners. Samanage was founded by Doron Gordon in 2007 and is headquartered in Cary, North Carolina with a development center is in Netanya, Israel. Samanage also announced that it has recently launched the new Service Desk, Enterprise Edition, on the Salesforce AppExchange, empowering businesses to connect with their customers, partners and employees in entirely new ways.
February 14, 2017 | Israeli cyber security company IntSights today announced the completion of a $15 million Series B financing round. This latest investment comes only four months after IntSights’ Series A round. The Series B round included investments by Glilot Capital Partners, Blackstone, Blumberg Capital, Wipro, Vintage Investment Partners, and other strategic investors. The Herzliya-based company is an intelligence-driven security provider for cyber threats from the dark, deep and open web. IntSights was founded by CEO Guy Nizan, CPO Alon Arvatz and CTO Gal Ben-David, all of whom are veterans of elite intelligence and cybersecurity units in the Israeli Defense Forces.
February 13, 2017 | CrediFi Corp., a leading source for data and analytics for commercial real estate finance, announced today that it closed a Series B funding round of $13 million. The round was led by Liberty Interactive’s Liberty Israel Venture Fund, and joined by 31 VENTURES Global Innovation Fund, a CVC fund managed by Global Brain for Mitsui Fudosan, Japan’s leading real estate developer, along with substantial participation from existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax. Founded in 2014, CrediFi Corp. is a SaaS big data platform serving the Commercial Real Estate Finance market. CrediFi is the commercial real estate leader in the Fintech space, focused on greater transparency in understanding borrowers, lenders and transactions, enabling better real estate investment decisions. CrediFi currently has 75 employees, dual headquartered in New York City and Tel Aviv.
| February 13, 2017 | After a successful Super Bowl Week, which showcased some of the latest Sports Technology, OurCrowd, a global leader in equity crowdfunding is partnering with the Adi Dassler International Family Office (ADIFO) backed sports accelerator LeAD, to discover high potential innovation in sports-related products and services on a worldwide scale. OurCrowd is also gearing up for the 2017 OurCrowd Global Investor Summit, the largest tech investment conference in the Middle East, which will take place this Thursday, February 16th, in Jerusalem. The event is expected to attract over 5000 people from all over the world.
February 13, 2017 | Israeli augmented reality (AR) company TIPIT has raised $2.5 million in a seed financing round. With investment from Atooro Fund, TIPIT has developed a cross-platform engine aimed at innovating in the space of augmented reality (AR), which provides developers, cameras, and brands with a software development kit (SDK) of computer vision and AR technologies that increases platform users’ retention, engagement and boosts revenues at an affordable price. Founded in 2014 and run by CEO Jonathan Rimon, TIPIT has offices in San Francisco and Ra’anana.
February 12, 2017 | JOY Ventures, a new investment firm, has recently inaugurated its office in Herzliya Pituach, and earmarked $50 million for the first stages of its operations. JOY Ventures was founded by the Israeli-Japanese Corundum Open Innovation Fund. Joy Ventures will focus on startup companies, technological incubators for entrepreneurs and grants for academic research in the emerging field of Neuro Wellness, related to consumer products and technologies developed based on neuro research as anti-stress and mood alteration solutions. Avi Yaron, a serial entrepreneur, founder of Visionsense and the inventor of a state-of-the-art instrument for complex brain surgery, will head the company.