June 22, 2017 | Israeli startup Codota has raised $2 million in seed investment from Khosla Ventures, bringing the company’s total equity funding to $2.55 million. Codota has developed a pair-programmer for Java. Using artificial intelligence (AI), the program learns open-source code from the web, studies the augmentation of the code over time, suggests code for developers based on the open source knowledge, and predicts new code. This allows developers to save time by negating the need to skim through the web for code or recode, something that has already been developed. Codota was founded by Dror Weiss and Prof. Eran Tahav in 2013.
June 22, 2017 | Israeli crowd-funding firm OurCrowd has launched OurNetwork, a global investment community designed to help multinational corporations support, collaborate and invest in Israeli startups. Founded in 2012 by CEO Jon Medved, OurCrowd already boasts 17,000 individual investors from 110 countries, who have invested some $400 million in 110 portfolio companies and funds.
June 21, 2017 | Technology giant Intel is teaming up with Israeli think-tank and venture capital firm Team8, to foster cyber-security innovation. The chip maker, which already employs thousands in the Startup Nation, joins current Team8 cyber syndicate members Microsoft, Cisco, Qualcomm, AT&T, Citigroup, Accenture, Nokia, Eric Schmidt’s Innovation Endeavors, and others. Intel will work with Team8 to secure future computing, IoT, mobile, automotive and cloud technologies. In other news, Israeli startup Illusive Networks said it would collaborate with Intel on cyber-security.
June 20, 2017 | Israeli medical marijuana startup iCAN has announced a joint venture with Australian company LeafCann Research and Advisory. The new venture will take advantage of Israel’s leadership position in the research and development of medical marijuana, in combination with Australia’s lax regulations. Founded in 2015, iCAN is a leading Israeli developer of cannabis-based formulations, clinical trials and cannabis testing. The firm is headed by Saul Kaye.
June 19, 2017 | Kaspersky Lab has opened a research and development center in Israel called the Future Tech Lab. Located in Jerusalem, the center will research cyber threats targeted at new technologies such as Internet of Things and automotives. Kaspersky Lab is a Russian cyber-security and anti-virus provider that has a presence in cyber-security hubs around the world. Researchers at the Future Tech Lab will work with other Kaspersky labs around the globe, providing organizations with information to protect against cyber-criminals.
June 19, 2017 | Mobileye’s shareholders approved their company’s sale to giant chip maker Intel for $15.3 billion. Mobileye was founded in Jerusalem, Israel, by Prof. Amnon Shashua and Ziv Aviram in 1999 and went public 2014. It developed a warning system that alerts drivers of road hazards using software, cameras, and sensors.
June 19, 2017 | Israel’s CompuLab has filed for a $24 million IPO (initial public offering) on Nasdaq. Founded in 1992, the company is considered one of the world’s leading manufacturers of computer boards for embedded systems and miniature, fanless PCs.
June 15, 2017 | WhiteSource, an Israeli provider of continuous open source software security and compliance management, has secured $10 million in Series B financing. The round was led by 83North with additional participation from Microsoft Ventures and David Strohm of Greylock Partners. Founded in 2011 by Azi Cohen, Rami Sass and Ron Rymon, WhiteSource allows engineering, security and compliance officers to secure and manage the use of open-source components in their software.
June 15, 2017 | Israeli bio-pharmaceutical company Eloxx has raised $24 million from Catalyst CEL Fund, Israeli venture capital fund for life sciences Pontifax, and others. The company develops treatments for patients with rare genetic diseases triggered by mutations like Cystic Fibrosis and Cystinosis. Founded in 2013 by Dr. Silvia Noiman, Eloxx recently merged with Sevion Therapeutics and became a Sevion subsidiary. Sevion will use the name Eloxx and attempt to list its shares on Nasdaq. [Photo: GeneG]
June 14, 2017 | The Technion Research & Development Foundation (TRDF) has partnered with UG Capital Management Ltd (UCG) to establish a $200 million venture capital fund. The fund will focus on technology and science companies associated with the Technion-Israel Institute of technology, and its alumni. UCG is a Chinese venture capital firm, part of the larger United Gain Investment. The partnership will support the Technion’s efforts to commercialize its faculty’s inventions.
June 14, 2017 | Bancor, an Israeli startup that has developed a virtual currency conversion platform, yesterday raised $153 million in just three hours. This Initial Coin Offering is the second-largest fundraising campaign in the blockchain industry, according to Bancor. Founded in 2016 by Guy Benartzi, Eyal Hertzog, Yehuda Levi and Galia Benartzi, Bancor enables its users to instantly convert or trade their money.
June 13, 2017 | Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have announced that Canada’s leading equity markets have expanded into Israel. Yossi Boker, who has more than 25 years’ experience in entrepreneurship and high-tech in Israel, has been appointed to lead the expansion as the Head of Business Development. The move will give Israeli companies access to North American investors who can support companies at all stages of growth. It will also encourage Israeli companies to conduct initial public offerings (IPOs) on TSX. TMX Group, which operates the TSX and TSXV markets, has labeled Israel as a key market going forward. [Photo: Raysonho]
June 13, 2017 | Israeli company Frutarom, one of the world’s largest companies in the field of flavors and specialty ingredients, has acquired 21 percent of the shares of Spanish natural ingredients company Nutrafur for $2.36 million, and is now the sole owner of Nutrafur. In September 2015, Frutarom – which was founded in 1933 by Yehuda Araten and Maurice Gerzon – purchased 79 percent of the shares of Nutrafur. [Photo: Courtesy of Taura]
June 11, 2017 | Telecom giant Motorola Solutions, Israeli crowd-funding firm OurCrowd, Indian conglomerate Reliance Industries and the Hebrew University’s technology transfer arm Yissum have launched an early-stage startup incubator in Jerusalem, Israel. The incubator will focus on big data; analytics; artificial intelligence; fintech; storage; Internet of Things (IoT); and computer vision. [Photo: Gila Brand)
June 8, 2017 | The Hebrew University of Jerusalem is Israel’s finest, according to the new 2018 QS World University Rankings, and ranks 145th in the world, rising three spots from last year. The rankings place the Hebrew University among the top 15 percent of the 980 higher education institutions surveyed by QS, and among the top 1 percent of the 26,000 universities in the world. To compile the rankings, QS analyzed 75 million citations from 12 million papers, and 115,000 survey responses from employers and academics, as well as considered more than 4,000 universities before evaluating 980 of them. The Hebrew University was founded in 1918 by such innovative thinkers as Albert Einstein, Martin Buber and Sigmund Freud. [Photo: Grauesel/WikiVoyage]
June 7, 2017 | Israel’s Council for Higher Education has accredited IDC Herzliya‘s double-major undergraduate program in computer science and entrepreneurship. It’s the first-of-its kind dual-degree academic program approved in Israel. A nonprofit interdisciplinary academic center, IDC Herzliya was founded in 1994 by Prof. Uriel Reichman. [Photo: Courtesy]
June 6, 2017 | Israeli startup PlaySight, which specializes in immersive sports video and analytics technologies, has raised $11 million in a funding round led by Verizon Ventures and veteran professional golfer Greg Norman. Founded in 2013 by Chen Shachar, Evgeni Khazanov and Yoram Bentzur, the company has so far raised a total of $16 million. [Photo: Courtesy]
June 5, 2017 | Israeli startup Belkin Laser, a portfolio company of Israel’s RAD Biomed accelerator, has secured $5 million in funding from Zicom Holdings, Rimonci Capital and the European Union (grant). The capital raised adds to the $1.5 million previously raised by the company. Belkin Laser develops a laser device for glaucoma patients who will receive short, efficient treatments, instead of the eye drops used today. Belkin Laser was founded in 2013 under a license agreement from Israel’s Sheba Medical Center and Tel Aviv University. Its product is based on Prof. Michael Belkin’s invention. [Photo: TobiasD]
June 5, 2017 | The National Australia Bank (NAB) will collaborate with Israeli crowd-funding company OurCrowd to provide its clients with direct access to exclusive OurCrowd startup investments. The first of its kind in Australia, the collaboration provides NAB clients with access to OurCrowd, which in recent years has raised over $440 million from 20,000 investors across 112 countries. Founded in 2012 by CEO Jon Medved, OurCrowd is a global equity crowdfunding platform for accredited investors who together invest in Israeli startups.
June 1, 2017 | Luxury car manufacturer Porsche said today it plans to invest tens of millions of Euros in Israeli autonomous car technologies. The German automaker, which will launch an innovation center in the Startup Nation, said it will initially invest an eight-figure sum. The company didn’t specify the Israeli startups it’s interested in. [Photo: Porsche]
June 1, 2017 | Israeli shared office space startup Urban Place has raised $12 million in a private funding round that included angel investors Claude Bismuth and Bernard Kalfon. The company plans to use the funds to open locations in Europe. Founded in late 2015, and headed by CEO Romain Levy, Urban Place currently operates in Tel Aviv, with plans to expand to Jerusalem, Haifa and Herzliya.
May 30, 2017 | Israeli artificial intelligence startup Inflowz has completed its seed funding round, securing $3.5 million from Israeli venture capital firm Glilot Capital Partners. Founded earlier this year by Avinoam Nowogrodski, Rachel Haim, and Ori Ronige, the startup provides AI sales process optimization platforms.
May 29, 2017 | Hong Kong-based investment group AID Partners has acquired Israeli diagnostics startup GeneSort for $23 million. Founded in 2013, GeneSort is led by Dr. Gil Pogozelich. The molecular diagnostics company is focused on integrating genomics with personalized therapeutic approaches.
May 29, 2017 | American data management giant NetApp has acquired Israeli startup Plexistor, which specializes in high-capacity memory storage, for $20 million. The deal is expected to close in the next month. Founded in 2013 by Sharon Azulai and Amit Golander, the startup has so far raised an undisclosed amount from Battery Ventures and Lightspeed Venture Partner.
May 28, 2017 | Three companies have won the Israel Innovation Authority Biomed Startup of the Year Competition, which was held last week as part of the MIXiii Biomed international life sciences conference. The winner of the digital healthcare category is Nutrino Health, helping diabetics adapt a suitable diet through digital follow-up; the winner of the medical devices category is E-Shunt, which developed a minimally invasive surgical procedure for glaucoma patients; and the winner of the pharmaceutical category is Betalin Therapeutics, which developed innovative therapy for diabetes treatment.
May 25, 2017 | Israeli cyber-security startup Hexadite is being acquired by software giant Microsoft for $100 million, according to a Calcalist report. Founded in 2014 by Idan Levin, Barak Klinghofer and Eran Barak, the startup has developed an automated incident response solution that enables organizations to fend off cyber-threats within minutes. Prior to the reported acquisition, the startup raised $21 million from Hewlett Packard Ventures, YL Ventures, TenEleven Ventures, HP Tech Ventures and private investor Moshe Lichtman, who previously headed Microsoft Israel.
May 25, 2017 | Israeli startup Zebra Medical Vision has won the Atlas Award, given by the Ayn Rand Center Israel. Zebra Medical Vision is an Israeli deep-learning imaging analytics company that can detect breast cancer and other diseases. Headquartered in Kibbutz Shefayim, Zebra was founded in 2014 by Eyal Toledano, Eyal Gura, and Elad Benjamin. To date, the Israeli startup has raised $20 million.
[Photo of Toledano and Gura: Motti Miller for the Ayn Rand Center]
May 24, 2017 | Viz, an artificial intelligence medical imaging company that helps optimize emergency treatment, has raised $7.5 million in a seed round of financing led by DHVC (Danhua Capital) and Eric Schmidt’s Innovation Endeavors. Jerry Yang’s AME Cloud Ventures also joined the round. Fusing AI and medical imaging to help doctors treat patients faster, the company will use the funding to accelerate the development and market penetration of its groundbreaking platform — focusing on stroke. The startup was founded in 2016 by a global team of experts, including Dr. David Golan, an Israeli statistics and AI expert.
May 24, 2017 | Israeli startup Scopio Labs has raised $7 million, of which $2.5 million was invested by Israeli crowd-funding firm OurCrowd. Scopio Labs, a developer of an advanced digital microscopy and diagnostics platform, is OurCrowd’s 23rd health-tech investment. Founded in 2014, Scopio is headed by co-founder and CEO Itai Hayut.
May 23, 2017 | Canada’s province of Quebec and Israel’s Innovation Authority have launched a new, $12 million bilateral program to support Quebec-Israel industrial research and development projects. Participating projects may include technology and knowledge applications, product customization, near commercialization or new market creations. Projects are expected to contribute economically to both Quebec and Israel and to take place primarily in the two jurisdictions.
May 21, 2017 | Mobile security and data management startup Wandera has raised $27.5 million in a round led by Sapphire Ventures, with participation from existing investors Bessemer Venture Partners and 83North, bringing the company’s total funding to $50 million. Wandera is considered a leader in enterprise mobile security, working with 500 global enterprises. It was founded in 2012 by Israelis Eldar and Roy Tuvey. Headquartered in San Francisco and London, the company has offices in Athens and Tel Aviv.
May 18, 2017 | Investors poured some $823 million onto Israeli life science companies in 2016, according to the Israeli Life Sciences Report, conducted by Israel Advanced Technology Industries (IATI), the umbrella organization of the high-tech and life science industries in Israel. Roughly 1,350 life science startups and mature companies are currently active in Israel. In terms of investments, the report indicates that the $823 million poured onto this industry last year, reflect 20 percent of all investments in Israeli high-tech.
May 17, 2017 | Israeli startup Karamba Security, a provider of cyber-security solutions for connected and autonomous vehicles, has rasied $12 million in Series B funding, bringing total investment in the company to $17 million, one year after closing a seed round. The funds will be used to expand customer support, sales as well as research and development. Existing investors YL Ventures, Fontinalis Partners and GlenRock Israel led the round. Karamba Security was founded in 2015 by Tal Ben David, Assaf Harel, Ami Dotan, and David Barzilai.
Photo: Michael Shick
May 15, 2017 | Sweet Inn, an Israeli holiday apartment booking startup has raised $22 million. The funding was round led by Qumra Capital. Sweet Inn was founded in 2014 by CEO Paul Besnainou.
May 15, 2017 | Mintigo, an Israeli company offering business intelligence services, raised $10 million in a funding round led by Glilot Capital Partners. Adams Street Partners, Giza Venture Capital, Maverick Ventures, Vintage Investment Partners and La Maison, also participated in the round. The company was founded in 2009 by CEO Dr. Jacob Shama, CTO Ehud Ben-Reuven, and VP Custimer Success Tal Segalov, the company has raised $44 million to date. Mintigo has offices are in Ra’anana, Israel and San Mateo, California.
May 15, 2017| BiomX Ltd., an Israeli microbiome therapeutics company, announced today that it has raised $24 million in a Series A funding round. The round was led by OrbiMed, Johnson & Johnson Innovation – JJDC, Inc. and Takeda Ventures, Inc. with participation from Seventure Partners, MiraeAsset, SBI Japan-Israel Innovation Fund and other European investors. BiomX, previously named MBcure, was founded in the FutuRx Ltd. incubator, with the support of the Israel Innovation Authority.
May 14, 2017 | Tel-Aviv based startup Twiggle, has raised $15 million in their latest financing round. The round was lead by Korea Investment Partners and MizMaa Ventures. Founded in 2014 by Adi Avidor and Amir Konigsberg, Twiggle has raised $35 million to date. Twiggle uses artificial intelligence and natural language processing to bring the power of human understanding to e-commerce search. The company aims to make the digital shopping experience feels like the best in-store shopping experience.
May 14, 2017| , CyberArk Software Ltd., an Israeli cyber security company, has announced that it has acquired US DevOps security technology startup Conjur for $42 million in an all cash transaction. Conjur has developed identification and auditing software for the DevOps market. With the deal, CyberArk hopes to position itself to provide a more complete suite of offerings to the quickly growing DevOps market segment. CyberArk was founded in 1999 by Udi Mokady and has raised $67.5 million in funding to date.
May 14, 2017 | Hargol FoodTech, the Israeli company developing Steak TzarTzar — high-protein grasshoppers — won this year’s TLV Startup Challenge in the ag-tech/food-tech category. Hosted by Startau, the TLV Start-Up Challenge is one of the largest global startup competition in Israel bringing together top startups, entrepreneurs, and VCs from around the world. For winning the competition, Hargol was awarded entry into the Silicon Valley’s Plug and Play accelerator and $10,000 in professional services @ThinkFuture Technologies Pvt.
May 10, 2017 | Guesty (formerly Superhost), a service for property owners to manage their apartments listed on Airbnb, raised $3 million. The current financing round was led by Magma Venture Partners (an early Waze investor), and was joined by Buran VC and AltaIR Capital. The company, which graduated from Y Combinator in 2014, was founded by Israeli twin brothers Amiad and Kobi Soto.
May 9, 2017 | Hong Kong-based investment firm AID Partners Capital Ltd will acquire Israeli medical diagnostic company GeneSort for $23 million. The deal will provide GeneSort with additional resources and support as is seeks to expand into Southeast Asia and other global markets. Moshe Hogeg’s tech focused venture capital firm Singulariteam fund is the largest investor in GeneSort, having invested $2.2 million in the company. GeneSort is a molecular diagnostics company focused on integrating molecular genomics with personalized therapeutic approaches. GeneSort also recently signed a development contract with the government of Malta, and also won a contract with the Israeli government to deploy diagnostic testing in the country.
May 9, 2017 | Israel’s Yokee Music. has been acquired by Canadian music provider Stingray Digital Group Inc. for an undisclosed amount. Three of Yokee’s social music apps, Yokee, Yokee Guitar, and Yokee Piano are top ranked in the music category in 100 countries. Although no financial details about the deal were disclosed, according to estimates the acquisition was for tens of millions of dollars. Founded in 2013, Yokee has raised $1.3 million from 2B Angels, Lior Prosor and other private investors.
May 8, 2017 | Private equity firms invested $316 million In Israeli startups in the first quarter of 2017, according to the IVC-Shibolet Israeli Private Equity Market Survey released today. The quarterly investment is down 45 percent from the last quarter of 2016, but 22 percent above the $260 million invested in the first quarter of 2016. According to Omer Ben-Zvi, partner at law firm Shibolet & Co., “the quarterly dollar amount scope is relatively low, but that factor tends to be highly influenced by one or two big deals, which we haven’t seen this quarter. We do expect to see those kinds of deals in the next quarter.”