News

panoply logoSeptember 19, 2017 | Israeli analytics startup Panoply has raised $6 million in a financing round led by C5 Capital, which brings its total equity to $13 million. Founded in 2015 by Roi Avinoam and Yaniv Leven, the startup delivers fast insights by eliminating the development and coding typically associated with transforming, integrating, and managing big data.

augmedics logoSeptember 18, 2017 | Israeli startup Augmedics, a developer of an augmented-reality (AR) surgical visualization system, has raised $8.3 million in a Series A funding round led by Davos, Switzerland-based AO Invest, the Israeli Innovation Authority, Terra Venture Partners and other undisclosed investors. Augmedics will use the proceeds to complete research and development as well as pre-clinical and clinical trials of its ViZOR System. Founded in 2012 by Nessi Benishti and Nissan Elimelech, the company has so far raised $10.1 million.

zeitgold logoSeptember 13, 2017 | Zeitgold, an Israeli AI company based in Berlin, just raised $11.97m in Series A funding. The company offers a solution for small businesses who want to save time managing their finances. Zeitgold’s end-to-end solution allows cafes, restaurants, and other small businesses to manage bookkeeping, payroll, invoices, and more through coordination with a tax adviser on a smartphone. The funds will be invested in a new Tel Aviv-based R&D facility as well as testing new products with customers. Zeitgold was founded in 2015 by Stefan Jeschonnek, Jan Deepen, and Kobi Eldar.

 

 

 

Technion logo September 14, 2017 | The Technion-Israel Institute of Technology has just marked a new milestone in its partnership with Cornell University. The Institute has just opened Cornell Tech, a tech-focused graduate school on New York’s Roosevelt Island. The campus is a new spot for the growing technology and innovation scene in New York. It will expand the Jacobs Technion-Cornell Institute, a cornerstone of Cornell Tech. The Jacobs Technion-Cornell Institute was established in 2013 with the help of a $133 million donation from Dr. Irwin Mark Jacobs, founding chairman and CEO emeritus of Qualcomm and Joan Klein Jacobs. [Photo: Julienne Schaer]

TAU, Tel Aviv U., Tel Aviv University September 13, 2017 | Tel Aviv University has been ranked 9th in the world for producing successful startup founders, according to the 2017 PitchBook report. It ranks above American university Yale, Princeton, and UCLA. The PitchBook report says 582 TAU entrepreneurs started 486 companies raising initial capital from investors. Tel Aviv University has ranked in PitchBook’s top 10 for four years and is the only one in the top 10 located outside of the United States. The report ranked Technion – Israel Institute of Technology in 14th place and Hebrew University of Jerusalem in 35th place. PitchBook gathers information to provide analysis regarding startups and venture capital for investors. [Photo: tec_estromberg]

 

 

 September 13, 2017 | Tamir Fishman investment house CEO Eldad Tamir, and former Intel vice president Dedi Perlmutter are launching a new technology-related investment fund worth NIS 400 million ($113 million). The fund, Eucalyptus, is a spinoff of a previous fund started by by both investors in 2015. The original fund was discontinued. The new fund is part of a tender published by the Ministry of Finance and the Israel Securities Authority designed to provide funding to startups. An IPO on the stock exchange is already being considered, with capital to be raised from institutional investors.

 

 

MedtronicSeptember 12, 2017 | Medical equipment company Medtronic is the first company to establish new development centers in Israel through the Israel Innovation Authority. The firm will receive a $14 million grant from the Innovation Authority in return for hiring 100 extra employees in their new development center in Jerusalem and Yokneam. Medtronic already has cooperation with the Israeli medical equipment industry as it has 750 employees in Israel out of 85,000 employees worldwide. The company was founded by Palmer, Hermundslie, Daniel Grossman, Earl Bakken, and Patrick Wells.

 

 

Technion logoSeptember 11, 2017 | Technion – Israel Institute of Technology has created an innovative partnership with Chicago’s Current Research Consortium of academics and water management groups to drive economic development and develop solutions to the world’s water challenges. This Memorandum of Understanding an agreement that both parties will work together to test and approve water technologies. Chicago Mayor Rahm Emanuel is currently in Israel with a group of business leaders, investors, water experts and more, to establish cooperation between the two groups. [Photo: Michael Ball]

 

 

 

 

 

 

 

Innoviz automotive September 10, 2017 | Innoviz Technologies, the Israeli startup that develops LiDAR technology, has raised $65 million from Delphi Automotive and Magna International, two of the world’s largest automotive suppliers. It is expected to raise more capital from these strategic partners in the coming weeks. Innoviz develops LiDAR (Light Detection and Ranging) laser sensor technology that builds a detailed 3D image after scanning a car’s surroundings. It was founded in January 2016 by Oren BuskilaZohar ZIsapelOmer David KeilafAmit Steinberg, and Oren Rosenzweig.  [Photo: Land Rover MENA]

 

 

intel, intel logoSeptember 7, 2017 | Intel will integrate the Israeli-developed freeD video technology into 11 American football stadiums in the upcoming NFL season. The sports imaging technology, developed by Israeli startup Replay Technologies,was acquired by Intel for $175 million a year and a half ago. It captures action-packed moments from sports events at every angle, using a system of HD cameras and servers to create an immersive 3D experience. Through stadiums equipped with this 360-degree replay technology, fans can watch and share parts of the game through the NFL.com website, NFL’s YouTube app and channel, and more. [Photo: US Navy]

 

frutarom-logoSeptember 6, 2017 | Israeli flavor and fine ingredients company Frutarom Industries has acquired Turpaz Perfume and Flavor Extracts, an Israeli fragrances company, for $ 15.1 million. This is Frutarom’s seventh acquisition in 2017. Founded in 1933, Frutarom is led by president and CEO Ori Yehudai. [Photo: Taura]

 

via taxi app logoSeptember 4, 2017 | Israeli mobile taxi-hailing service Via has raised $250 million in a financing round led by car manufacturer Daimler, which brings its total equity to $387 million. Founded in 2012 by Israelis Daniel Ramot and Oren Shoval, Via has developed an algorithm that matches, in real time, multiple passengers traveling in the same direction with a single large SUV or van.

GBG LogoAugust 31, 2017 | Israeli online ticketing platform GBG Sports Travel is about to be sold for $40 million, according to a report by Calcalist. Founded in 2012 by Benny Halamish and Guy Myger, the company specializes in hospitality packages with VIP tickets to Europe’s most famous soccer clubs. [photo by UggBoy]

ScaleMP logoAugust 29, 2017 | Israeli company ScaleMP, a provider of virtualization solutions for high-end computing, has raised $10 million. The funds will further accelerate the company’s growth, enhance the company’s products and technology, and expand its support for partners. The investment was led by Israel’s Leumi Partners. Founded in 2003 by Shai Fultheim, the company has raised $18 million to date.

kite pharma logoAugust 28, 2017 | American pharma giant Gilead has agreed to buy Israel’s Kite Pharma for a whopping $11.9 billion, according to a report by the Wall Street Journal. The Israeli cancer-treatment company today confirmed the report. Kite Pharma, which specializes in developing therapies that use the patient’s immune system to treat cancer, was founded in 2009 by Joshua A. Kazam and Dr. Arie Belldegrun, an Israeli-American oncologist. It went public in 2014 (NASDAQ:KITE). Some of the company’s developments are based on research conducted at Israel’s Weizmann Institute.

r2net logoAugust 28, 2017 | Israeli startup R2Net, which operates popular diamond trading website JamesAllen.com, has been sold to Bermuda-based Signet Jewelers for $328 million. Now one of the world’s largest online jewelry retailers, the company was founded by Israeli Oded Edelman, James Schultz, Michele Sigler and Dean Lederman in 2006. [photo by Wesley Tingey]

merck logoAugust 28, 2017 | Pharma giant Merck has opened an incubator for startup companies in Israel. Called PMatX, it will address the topic of next-generation electronics. The program will be supported by additional partners, including HP and Battery Ventures. Its fomration is supported by the Technology Innovation Lab program of the Israel Innovation Authority (IIA). Merck will invest € 20 million over the first three years.

redis labs logo

August 28, 2017 | Israeli cloud technology startup Redis Labs has raised $44 million in Series D funding. This brings the company to $86 million in total funding to date. The round was led by new investor Goldman Sachs Private Capital Investing and existing investors Bain Capital Ventures and Carmel Ventures, with participation from Dell Technologies Capital. Founded in 2011 by Yiftach Shoolman and Ofer Bengal, the startup has developed a popular in-memory database platform called Redis Enterprise, as a service in all major clouds, and as downloadable software. It powers e-commerce, social, personalization, IoT, metering, fraud detection and other real-time applications.

oryx vision logoAugust 9, 2017 | Israeli company Oryx Vision, a developer of depth-sensing solutions for autonomous vehicles, has raised $50 million in Series B funding. Third Point Ventures and WRV led the round, with participation from Union Tech Ventures, Bessemer Venture Partners, Maniv Mobility and Trucks VC. Founded in 2009 by David Ben-Bassat and Rani Wellingstein, the company provides driverless vehicles a detailed 3D view of their environment. To date, Oryx has raised $67 million.

mobileye-logoAugust 9, 2017 | Technology giant Intel has completed the acquisition of Israeli company Mobileye for $15.3 billion, the largest deal in Israel’s history. The two companies entered the acquisition agreement earlier this year. Mobileye was founded in Jerusalem, Israel, by Prof. Amnon Shashua and Ziv Aviram in 1999 and went public in 2014. It has developed a warning system that alerts drivers of road hazards using software, cameras, and sensors. It’s also a major player in the autonomous car industry.

qwilt logoAugust 8, 2017 | Israeli startup Qwilt has signed a $25 million, three-year deal with mobile giant Verizon to enhance and speed up video content. Founded in 2010 by Alon Maor and Dan Sahar, Qwilt develops 4k video delivery technology primarily for the online entertainment industry.

 

vintage investment partners vc logoAugust 7, 2017 | Israeli venture capital firm Vintage Investment Partners has raised $215 million for its tenth fund, bringing its total equity to $1.5 billion. Founded by Alan Feld, Shlomo Dovrat, and Aharon Dovrat in 2003, the VC has invested in some 25 startups.

netafim logoAugust 7, 2017| Mexican chemicals company Mexichem is acquiring 80 percent of Israel’s Netafim for $1.5 billion, which puts Netafim’s valuation at $1.9 billion. Netafim is a world leader in drip irrigation technologies for agriculture. Its technique – which saves 30-70 percent of the water used with overhead sprays, oscillating sprinklers and rotors – was developed in Israel in the 1960s.

August 3, 2017 | Israeli bio-pharmaceutical company Eloxx has raised $8 million in a Series C funding round led by LPS, a leading healthcare investor. Other investors such as Pontifax VC, Catalyst, KIP, DSC Funds, Dr. Phil Frost, OPKO Health Inc., and private investors also participated. This brings the company’s total equity to $38 million. The Herzliya 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.

Nanorep LogoAugust 3, 2017 | Multinational company LogMeIn has acquired Israeli chatbot and virtual assistant startup Nanorep for approximately $45 million. LogMeIn is also expected to pay up to $5 million to Nanorep employees, conditional on performance over two years. Founded in 2009 by Amit Ben Shahar, Aviv Dror, Doron Herzlich and Ofer David, Nanorep uses artificial intelligence and patented natural language processing technologies to make self-service more engaging. It is currently used by over 200 companies worldwide, and has raised $11 million to date.

Guardicore logoAugust 3, 2017 | GuardiCore, an Israeli cyber-security firm, has raised $15 million in funding from TPG Growth, a private equity firm. Founded in 2013 by Pavel Gurvich, Dror Sal’ee, and Ariel Zeitlin, GuardiCore specializes in protecting data centers from cyber threats with real-time breach detection and response. The latest investment brings the company’s total equity funding to $46 million, and its investors include 83North and Battery Ventures.

ProoV LogoAugust 3, 2017 | ProoV, an Israeli startup that streamlines the Proof-of-Concept (PoC) process for startups and enterprises, has raised $14 million in a Series B funding round led by Helios Capital and Mangrove Capital Partners. Founded in 2016 by Toby Olshanetsky and Alexey Sapozhnikov, ProoV makes it easier for startups to test product ideas by providing an automated, cloud-based testing environment. ProoV currently has 1,000 companies signed up to their platform. The startup will use to funding to enhance its platform offering, establish an office in New York City, and expand its North American client portfolio.

Inception logoAugust 3, 2017 | Inception, an Israeli startup that specializes in virtual reality entertainment content, has raised $15 million. Founded in 2016 by Dana Porter, Effi Wizen, Benny Arbel, Nitzan Shenhar, and Gigi Levy-Weiss, the company created an app to deliver premium 360 and VR content including musical, artistic, and cultural experiences to its international users. The Series A funding round was led by RTL Group. The funds will be used to expand the company’s content, enhance their technology platform, and accelerate growth. [Photo: Courtesy].

Silenseed logoAugust 1, 2017 | Silenseed, an Israeli, clinical-stage bio-pharmaceutical company that develops cancer therapies, is raising $10 million. Founded in 1999 by Amotz Shemi, the company is planning to use the money to fund the second phase of a trial, which was recently approved by the FDA, to develop a pancreatic cancer treatment. Silenseed uses a targeted RNA interference (RNAi) to develop the cancer drugs and delivery systems for treatment.

Atlas Dynamics logoAugust 1, 2017 | Atlas Dynamics, an Israeli-founded startup that provides fully autonomous drone-based solutions, has raised $8 million from investment groups in Israel and in Asia. Founded in 2015 by Ivan Tolchinsky (CEO) and Igor Zhydanov (CTO), this is the first round of funding obtained by the company. It will use the funds to further develop its technical drone-based data solutions and to build its presence in North American markets. The drones provide users with valuable data in a timely manner, which can benefit markets such as infrastructure inspection, construction, security, first response, delivery, and insurance.

July 31, 2017 | Private equity funds invested $807 million in Israeli companies in the first half of 2017, according to a report by IVC Research Center and Israeli law firm Shibolet. Of the $807 million, $470 million were invested by Israeli PE funds, which reflects an improvement from the first half of 2016. Although the second quarter of 2017 was slow (with only $164 million invested in eight deals by Israeli PE funds), the strong first quarter meant that, in total, over the first half of 2017, Israeli PE funds performed above their average investment level of the past three years.

i3 Equity Partners LogoJuly 31, 2017 | i3 Equity Partners, an Israeli VC fund, has announced the addition of Singaporean investment company Temasek as its eighth global partner. Founded in 2016, i3 is a venture capital fund that invests in early-stage startups in the Internet of Things (IoT) sector, spanning areas such as Smart Home, Robotics, and Transportation. In addition to financial resources, the partnership will give i3 access to networks and services in the Singaporean and Asian markets. The fund is led by Managing Partners Noga Kap and Eran Wagner; its existing global partners include Microsoft Ventures, GE Ventures, and Israeli VC firm Pitango Ventures. Temasek, which was incorporated in 1974, owns a $197 billion portfolio across a broad spectrum of industries.

OutbrainJuly 30, 2017 | Israel’s Outbrain, a content discovery platform, has acquired Slovenia’s Zemanta, a cross-channel media-buying platform designed for the promotion and distribution of marketing content. Terms of the deal were not disclosed. Outbrain intends to use Zemanta’s technology to enable new budgets from programmatic partners, brands and agencies to flow into their network. Since its founding in 2006 by CEO Yaron Galai and CTO Ori Lahav, Outbrain has raised $194 million and acquired five companies (including Zemanta).

July 30, 2017 | Japanese company ORIX has purchased 22.1 percent of Israeli geothermal energy company Ormat Technologies for $630 million. The deal, which is expected to close in the third quarter of 2017, will give Ormat exclusive rights to develop, own, operate and provide equipment for ORIX geothermal energy projects in all markets outside of Japan. Ormat was founded in 1965 and went public in 2004. It is currently led by CEO Yehudit Bronicki.

July 30, 2017 | Somatix, a body motion data (BMD) management platform used for digital health, has raised $6 million in a series A funding round led by Digitalis. The company’s technology uses various sensors built into wearable devices to remotely maintain continuous, bi-directional contact with those under their care. Somatix was founded in 2015 by CEO Eran Ofir and CTO Uri Schatzberg. To date, the company has raised $7.5 million. [Photo: courtesy]

July 30, 2017 | Israel’s first environmental research satellite, VENµS, will be launched into space August 2 on the “Vega” launcher from French Guiana. This is the second satellite project in which Israel’s Ben-Gurion University has been involved, following the successful launch of the nano-satellite BGUSAT earlier this year. VENµS is Israel’s first scientific observation satellite to conduct agricultural and ecological research, and Prof. Arnon Karnieli, head of the Remote Sensing Laboratory at the Jacob Blaustein Institutes for Desert Research, is its  principal investigator. [Photo courtesy of Ben-Gurion University].

July 27, 2017 | Israel’s PerimeterX, a provider of behavior-based threat protection technology for cloud, web and mobile, has secured $23 million in a Series B funding round led by Canaan Partners. The new funding will allow PerimeterX to expand in the U.S. and internationally, and broaden its platform into new areas. PerimeterX was founded in 2014 by CEO Omri Iluz and CFO Ophir Ashkenazi and has raised $34.5 million in total.

July 27, 2017 | Israeli cyber-security startup Votiro has raised $9 million in a funding round led by Australian investor Divergent Group. Votiro intends to use the funds for global expansion, building a broader presence in Asia Pacific and the US, and establishing headquarters in Australia. Votiro was founded in 2009 by CEO Itay Glick and CTO Aviv Grafi. The company has more than 1.5 million users and has raised $12 million in total.

July 27, 2017 | Israel’s WalkMe, a cloud-based digital adoption platform for businesses, has raised $75 million in a funding round led by Insight Venture Partners. The company will use the funding to evaluate strategic acquisition opportunities, strengthen its global reach, and invest in talent. WalkMe was founded in 2012 by CEO Dan Adika, president Rafi Sweary, CPO Eyal Cohen, and Yuval Shalom and has raised $167.5 million to date.

Maniv Mobility LogoJuly 27, 2017 | Maniv Mobility, an Israeli venture capital firm dedicated exclusively to mobility tech, has raised $40 million. This was twice the target value, and is indicative of the increasing interest in Israeli automotive companies since the acquisition of Mobileye for more than $15 billion this year. An affiliate of Maniv Investments, which was founded in 1997 by Michael Granoff, Maniv Mobility invests in early-stage companies in the new mobility sector. Its portfolio consists of 15 mobility technology startups, mostly in Israel, with some in the US.

Israeli Innovation AuthorityJuly 26, 2017 | The Israel Innovation Authority has tapped $2.8 million for a new coding bootcamp program to rapidly train high-tech employees. The goal is to create an alternative route to joining the hi-tech workforce, focused on market needs, in a maximum 12-month training track, aimed at college graduates in the sciences who are interested in a career shift to computer programming. As of April 2017, market demand for programmers exceeded those available by 2.5 times. Therefore, the program aims to prepare 250 ready-to-work employees at the end of the first year, and 450 new employees by the end of the third year.

Nyotron LogoJuly 26, 2017 | Nyotron, an Israeli cybersecurity startup, has completed a $21 million financing round led by DGB Investments. Founded in 2008 by Nir and Ofer Gaist, the company has developed innovative technology that protects against known and unknown cyber attacks by securing endpoints. The technology offers protection regardless of the type of threat or the attack vector, making it one of the most advanced solutions available. Nyotron is being used by organizations such as El Al Airlines and the Israeli military, and has raised a total of $33 million to date.

SimilarWeb logoJuly 26, 2017 | SimilarWeb, an Israeli digital market intelligence company, has raised $47 million in a Series F financing round. Founded in 2007 by Or Offer and Nir Cohen, the company monitors web and mobile app traffic like competitor Nielson. Companies use the analytics from SimilarWeb to increase their business growth. Viola Growth led the round with participation from CE Ventures, Saban Ventures, and other unnamed investors. To date, SimilarWeb has raised $112.2 million, performed three acquisitions, and is now valued at $753 million, bringing it closer to the $1 billion “unicorn” status.

Prospera logoJuly 25, 2017 | Prospera, an Israeli AgTech startup, has raised $15 million in a Series B funding round, which brought the company’s total investment to $22 million. Using advanced data analytics, computer vision, and artificial intelligence, Prospera analyzes vast amounts of farm data and optimizes all aspects of production. Qualcomm Ventures led the investment round, which was joined by Cisco Investments, ICV, and Bessemer Venture Partners. Prospera was founded in 2014 by Daniel Koppel, Raviv Itzhaky, andShimon Shpiz.

booking,com logoJuly 25, 2017 | Booking.com, the world’s largest hotel booking site, is opening a research and development center in Tel Aviv. It is projected that the company will recruit dozens of local employees by year’s end. Founded in 1996 by Geert-Jan Bruisma in Holland, Booking.com was sold to Priceline in 2005 for $135 million. Today, the corporation employs more than 15,000 people and books approximately 1.2 million room nights per day.

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