VLX Ventures To Collborate With Telefonica

October 21, 2014 | The international telecommunications company Telefonica will work together with VLX Ventures technology incubator jointly owned by Van Leer Ventures and Xenia Venture Capital. As part of the cooperation agreement, Telefonica will examine the VLX incubator’s projects in the digital communications sector, investing up to $1 million in promising projects. The collaboration will focus on video, cloud computing, big data, Internet of things and future communications. Telefonica was founded in 1924 in Spain and has been active in Israel since 2010.