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.
News Briefs
May 29, 2017
Israeli Startup GeneSort ‘Exits’ For $23M
May 29, 2017
NetApp Acquires Plexistor For $20M
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
Betalin, Nutrino & E-Shunt Win Biomed Competition
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.
Photo: Nutrino
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May 25, 2017
Report: Microsoft Buying Hexadite For $100M
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.
[Photo: courtesy]
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May 25, 2017
Zebra Medical Wins Atlas Award
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]
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May 24, 2017
Medical Imaging Startup Viz Raises $7.5M
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
Health Tech Startup Scopio Labs Raises $7M
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
Israel, Quebec Launch $12M R&D Joint Venture
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.
Photo: dszpiro
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May 21, 2017
Mobile Security Startup Wandera Raises $27.5M
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
$823M Invested In Israeli Life Science Companies
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.
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May 17, 2017
Israel’s Karamba Security Raises $12M
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
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May 15, 2017
Holiday Apt. Booking Co. Sweet Inn Raises $22M
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
Israeli Startup Mintigo Raises $10 Million
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
Israel’s BiomX Raises $24 Million
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
Israeli Co. Twiggle Raises $15M
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.
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