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.”
May 8, 2017 | Investment banker Andy Kaye has joined Israeli crowd-funding firm OurCrowd as president and chief institutional officer. Kaye will work closely with founder and CEO Jon Medved. He will be responsible for working with the growing number of institutions that invest in OurCrowd’s portfolio of Israeli startups. Kaye was the CEO of wealth management firm Robertson Stephens Israel, among other executive positions. Founded in 2012 in Jerusalem, OurCrowd already boasts 17,000 investors from 110 countries, who have invested some $400 million in 110 portfolio companies and funds.
May 7, 2017 | Israeli medical device company CartiHeal has raised $18.3 million in a round of financing led by aMoon. CartiHeal is developing an implant for regenerating damaged cartilage and bone. CartiHeal was founded in 2009 by CEO Nir Altschuler, in cooperation with Ben Gurion University of the Negev.
May 4, 2017 | Taranis, an Israeli precision agriculture intelligence platform, today announced it has closed a $7.5 million Series A round of financing led by Finistere Ventures, an AgTech venture pioneer, and Vertex Ventures. Existing investors, Eshbol Investments, Mindset Ventures, OurCrowd, and angel investor Eyal Gura, also joined the round. With $9.5 million in total funding to date, Taranis aims to lead the digital farming revolution by giving farmers around the globe the ability to predict and prevent detrimental threats to their crops—and bottom line. Founded in 2014 by Eli Bukchin, Ayal Karmi, and Ofir Schlam, Taranis uses deep learning on proprietary data sets that includes sub-mm aerial imagery, field sensors, satellite imagery, weather forecast and data from its field scouting app to predict and prevent crop disease and pest losses thereby helping farmers increase their yields and cut costs.
May 4, 2017 | Next Insurance, an Israeli insurtech company, has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide, and other existing investors. Founded in 2015 by CEO Guy Goldstein, Nissim Tapiro, and Alon Huri, to date the company has raised $42 million.
May 4, 2017 | SoftWheel, an Israeli startup integrating shock absorbers into wheels (including wheelchair wheels), announced that is has raised $10 million in funding. Founded in 2011, by CEO Daniel Barel, the company has raised $15 million to date, including the latest round.
May 3, 2017 | Fornova, an Israeli online travel company has raised $17 million. The round was led by Deutsche Telekom Capital Partners and with the participation of previous investors.Founded in 2008 by Michael Rubanovich and Dmitry Babitsky, the company has raised $20 million to date. Fornova allows hotels, price comparison websites, and online reservation sites to get a full picture of their products in real time.
April 27, 2017 | Israeli application reliability and log intelligence company OverOps announced today that it has closed a $30 million Series C financing round led by Lightspeed Venture Partners, with participation from Menlo Ventures. Both were previous investors in OverOps, which has now raised $52 million. Founded in 2012 by CEO Tal Weiss, OverOps (formerly known as Takipi) has offices in Tel Aviv and San Francisco. The company transforms application logs into real-time intelligence that enables modern development and operations teams to solve critical production issues in minutes vs. days or weeks.
April 27, 2017 | Gett, the Israeli taxi haling app has confirmed it is acquiring ridesharing app Juno. No financial details were disclosed but Gett (formerly GetTaxi) founder and CEO David Waiser told “Techcrunch” that the price of the deal is $200 million, although he did not say whether the payment would be in cash or shares. Gett has raised $513 million to date including a $300 million investment from Volkswagen last year. “This current deal provides a really enormous opportunity for expansion,” Waiser said. 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.
April 26, 2016 | Israeli artificial intelligence (AI) medical imaging startup AIDoc Medical has closed a $7 million funding round led by TLV Partners, with participation from previous investors including Magma Ventures and Emerge. The Tel Aviv based startup plans to use the new capital to expand its core R&D team, customer success, and marketing teams both in the US and in Israel. AIDoc uses artificial intelligence to diagnose medical images including CTs and MRIs. The company, which was founded by CEO Elad Walach, CTO Michael Braginsky and VP R&D Guy Reiner has raised $10.5 million to date.
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 | Twistlock, an Israeli cloud container security solutions developer 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. 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 | Israel’s Luck Genome, which develops social casino games, has been acquired by Dutch game developer GamePoint for $12.5 million. Luck Genome was founded in 2015 by CEO Guy Ezra and head of product Liat Adir. Luck Genome will keep its name and its development center in Tel Aviv, following the acquisition. Game Point is a leading digital casino player with more than 100 employees.
April 24, 2017 | Arbe Robotics, an Israeli startup building collision avoidance product for drones and Swarm platform based on radar, has raised $2.5 million. The company is based in Tel Aviv and was founded in 2015 by Kobi Marenko.
April 23, 2017 | SteadyMed Therapeutics, an Israeli medical company, raised $30 million in a private placement led by Adage Capital Management, OrbiMed, Deerfield Management and Kingdon Capital Management. SteadyMed develops drug product candidates to treat orphan and high-value diseases with unmet delivery needs. The company was founded in 2005 in the Zisapel family’s RAD Biomed incubator. Headquartered in San Ramon, California, much of the company’s development is carried out in its Rehovot offices. In 2015, the company raised $40 million on Nasdaq and last year raised $32 million in a private placement.
April 23, 2017 | Invertex, an Israeli fashion-tech company raised $2 million in a seed funding round led by OurCrowd, a Jerusalem-based equity crowdfunding venture capital firm. Permoda, an international retail and fashion group also participated in the round, together with prominent angel investors.
Invertex instantly capture and analyzes a person’s anatomy in detailed three dimensions. This provides users with the capacity to tailor their existing products to their customers’ specific needs or create new, fully-customized product lines. 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 | Aspect Imaging, an Israeli high-performance MRI developer has raised $30 million in funding. Unnamed existing investors participated in the round. Founderd by president and CEO Uri Rapoport in 2003, the company raised $20 million in a round last year and $150 million in total since it was founded.
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.