August 3, 2015 | A consortium of Israeli universities, including Ben Gurion University, Hebrew University and the Technion Israel Institute of Technology are working together with Australia’s Monash University to develop “water sensitive cities”. The project, which is being funded by the Jewish National Fund, hopes to foster water sensitive cities around the globe that will pursue and combine centralized and decentralized water management methods. The data collected through the project on water security will be used to support the construction of urban master plans in cities in Israeli and international cities.
News Briefs
August 03, 2015
Israeli, Australian Universities Team Up On Water Security
August 02, 2015
Barak Rabinowitz Joins Genesis Partners
August 2, 2015 | The Israeli venture capital firm Genesis Partners announced that it will add angel investor Barak Rabinowitz to its list of partners. Rabinowitz, who has experience in the gaming sector as the founder of two social gaming firms, will join the existing team of partners which includes Eddy Shalev, Eyal Kishon, Jonathan Saacks, Gary Gannot and Hadar Kiriati. Genesis Partners was established in 1996 and invests in early-stage technology and innovation-driven companies.
August 02, 2015
Rioglass’ Tech Employed At Ashelim Solar Power Station
August 2, 2015 | The solar power station at Ashelim signed a NIS 100 million ($26.4 million) agreement with Rioglass Solar Systems for the purchase of thermo-solar receivers. The massive solar power plant, which will provide 110 megawatts of power, is owned by Shikun and Binui Holdings together with the Spanish company Abengoa. Rioglass’s technology works by heat liquid with the sun to a temperature of 400 degrees Celsius, then converting the resulting steam into electricity to be distributed by the power grid.
August 02, 2015
Elbit Provides Water Tech To Mekorot
August 2, 2015 | The Israeli company Elbit Systems will install its I-PASS system with Israel’s national water company, Mekorot. The system was designed to provide alerts against a number of threats, including the sabotage of the pipeline, water theft, damage and more. The I-PASS system, which stands for Integrated Perimeter Access Security Systems, was designed as part of Mekorot’s WaTech unit. Elbit Systems was founded in 1996 by Elron Electronic Industries.
August 02, 2015
InfiApps Acquired For $39.2M
August 2, 2015 | The Israeli social mobile gaming company InfiApps has been acquired by the UK bingo operator Stride Gaming for $39.2 million. According to the terms of the deal, Stride Gaming will pay $21.2 million in cash and an additional $18 million according to financial milestones over the next two years. InfiApps was founded in 2012 by David Kalmanson and is based in Netanya, Israel.
August 02, 2015
Driveway Software Raises $10M In Series A Funding
August 2, 2015 | The telematics technology startup for driving Driveway Software announced that it raised $10 million in Series A funding. The current round was led by Ervington Investments, the investment arm for Russian entrepreneur and Chelsea Football Club owner Roman Abramovich. The San Francisco-based company has raised $11.3 million since it was founded in 2010 to develop its application that uses 3D sensors to provider drivers with objective information on their driving patterns. Driveway was founded by Technion grad Igor Katsman and Jake Diner.
July 30, 2015
Israelis Take Bronze At Int’l Chemistry Olympiad
July 30, 2015 | Two of the four Israeli representatives at the International Chemistry Olympiad, held last week in the city of Tbilisi in Georgia, won the silver and bronze medals. The competition, which was held in Baku, Azerbaijan, is the oldest scientific competition for high school-aged students, held for its 47th consecutive year. The participants competed against 300 other candidates from 75 different countries to win their prestigious honor.
July 30, 2015
Report: Percepto Raises $1M
July 30, 2015 | According to a “Geektime” report, the Israeli-created computer vision platform for drones Percepto raised $1 million. The funds were raised from movie producer and Dallas Mavericks owner Mark Cuban, together with Ron Lauder’s investment firm R&R Ventures, among others. Percepto was founded in 2014.
July 30, 2015
Behalf Raises $119M
July 30, 2015 | The small business loan lender Behalf announced that it received $119 million in commitments, which include equity and credit. The round was led by MissionOG and Gene Lockhart, the former CEO of MasterCard International, will join the company’s board of directors.The funds will be used to expand its platform, which works with small business suppliers to help grow businesses. Behalf was founded in 2011 by Benjy Feinberg, Shai Feinberg and Jeremy Esekow.
July 30, 2015
Kantar Media Invests In BIScience
July 30, 2015 | Kantar Media announced that it will invest in the digital media intelligence firm BIScience. Though the terms of the deal weren’t revealed, Kantar and its owner WPP will gain access to BIScience’s platform called ‘AdClarity’ as part of the investment. Based in New York, BIScience was founded in 2009 by Adi Mor Barak, Assaf Toval and Kfir Moyal.
July 30, 2015
Sansa Security Acquired By ARM For $85M
July 30, 2015 | ARM has confirmed reports that it will acquire Israeli Internet of Things security company Sansa Security for between $75-85 million. Sansa Security, which develops security solutions for cellular devices and flash memory, has raised $32 million since it was founded in 2000. Following the acquisition, ARM will establish its development center in Israel. Sansa Security was founded as Discretix in 2000 by Gal Salomon, David Deitcher and Limor Albaz.
July 30, 2015
Eximo Medical Raises $1.6M
July 30, 2015 | The Israeli company Eximo Medical announced that it completed Series A funding round of $1.6 million. The round was led by Accelmed together with the Alfred Mann Institute at the Technion, the Technion R&D Foundation and a private investor. Eximo, which is based in Rehovot, is the developer of a hybrid patented catheter system called ‘Cathi’. Eximo Medical was founded in 2012.
July 30, 2015
Tower Produces Touch Screen Controllers For Microsoft
July 30, 2015 | Tower Semiconductor announced that it will begin mass producing touch screen controllers for digital pens for the Israeli firm N-Trig. The latter company was recently acquired by Microsoft for use in its line of Surface mobile products. Tower Semiconductor is based out of Migdal HaEmek, Israel and was founded in 1993.
July 30, 2015
Israeli Cyber Exports Total $3B In 2014
July 30, 2015 | The Israel Export Institute reports that Israel sold $2.5 billion in cyber technology to the US in 2014, with cyber exports totaling $3 billion. As a result of the rise in exports, the Institute believes that the revenue of some 250 cyber companies in Israel will increase at a rate of 10 percent. In addition, the majority of these companies gear their services towards the American markets. In 2014, eight Israeli cyber companies were acquired for $700 million in total.
July 30, 2015
Confirmed: Teva Acquires Allergan For $40.5B
July 30, 2015 | Teva Pharmaceutical Industries has confirmed that it will acquire the generic pharmaceutical company Allergan for $40.5 billion. In what is already being called the largest-ever acquisition by an Israeli company, Allergan will receive $33.75 billion in cash as part of the deal. Following the announcement of the deal, Teva said that it would no longer consider the acquisition of Mylan, which is offered to acquire for more than $40 billion. With news of the acquisition, Teva’s stakes on NASDAQ went up 13 percent. The deal makes Teva the world’s largest producer of generic medications.
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