June 7, 2015 | According to a “Geektime” report, the Israeli big data solution JethroData announced that it raised $8.1 million in its second funding round. The Australian venture capital firm Square Peg Capital and Pitango Venture Partners invested in the round as existing investors. JethroData was founded in 2012 by Boaz Raufman, Eli Singer and Ronen Ovadya.
News Briefs
June 07, 2015
Report: JethroData Raises $8.1M
June 07, 2015
Taboola Raises $3M From DailyMail
June 7, 2015 | The DailyMail will invest $3 million in the Israeli content recommendation company Taboola. Together, the companies plan to develop new advertising technologies to improve the performance of sponsored content. Taboola and its competitor Outbrain are some of the leading content recommendation tools on the market, suggesting similar stories to readers that they “might like”. Taboola was founded by Adam Singolda in 2007.
June 07, 2015
StePac Acquired By Johnson Matthey For $20M
June 7, 2015 | The Israeli packaging company StePac was acquired by Johnson Matthey for a total of £18 million (approx. $20 million) in cash. StePac was previously owned by DS Smith. StePac was founded in 1992 by Israel Ben-Tzur and develops packaging that attempts to extend the self-life of standard produce.
June 07, 2015
App Annie Votes TabTale Best Independent App In Israel
June 7, 2015 | According to the annual App Annie survey, a global survey of the best independent app publishers on the market, TabTale is the best independent app distributor in Israel. TabTale was selected as it leads in terms of revenue and the number of downloads in the independent app sector in Israel. TabTale, the mobile game developer for kids, itself has acquired three gaming companies since it was founded in 2010 by Sagi Schliesser, Oren Kushnir and Nir Berejano.
June 07, 2015
Israel-Belarus Join Forces On Banking Tech
June 7, 2015 | The Belarus Center of Banking Technologies and Israeli consulting company Integrity announced that they will begin to cooperate and exchange knowledge. The negotiations on the cooperation agreement are supported by the Embassy of Israel in Belarus. “We made first steps towards mutually beneficial cooperation in the application of information technologies in the banking sector,” Mark Mikhalevsky, head of the marketing department at BelTA, noted. Belarus’ Center of Banking Technologies was established in 1997 and its major activities include the development of technology for application in the Belorussian banking system.
June 07, 2015
Forrest Innovations Establishes St. Louis Headquarters
June 7, 2015 | The Israeli agricultural technology company Forrest Innovations announced that it will establish its United States’ headquarters in St. Louis, Missouri. Forrest Innovation is developing technology to reduce the prominence of mosquito-carried diseases and to overcome bacteria in the citrus industry. The move to St. Louis was facilitated by BioSTL, a local organization that seeks to boost of the number of medical and plant bioscience companies in St. Louis.
June 04, 2015
Report: SQream Tech Raises $7.4M
June 4, 2015 | According to “Geektime,” the Israeli big data startup SQream Technologies raised $7.4 million in a round led by Blumberg Capital. SQream, which was founded in 2011 by Kostya Varakin and Ami Gal, has raised $11 million to date.
June 04, 2015
Chinese Tech Giants To Open R&D Centers In Israel
June 4, 2015 | According to reports made by CCTV English, Chinese tech giants like Alibaba, Baidu, Fosun, Lenovo and Xiaomi are set to open research and development centers in Israel. These Chinese companies hope to make the most of Israeli tech knowledge to introduce new and innovative products into the Chinese market.
June 04, 2015
Report: LightCyber Raises $4.5M From Shlomo Kramer
June 4, 2015 | According to a “Calcalist” report, the Israeli cybersecurity company LightCyber raised $4.5 million from Shlomo Kramer. Kramer invested the funds as part of a larger round that “Calcalist” reports in on-going. LightCyber was founded in 2011 by Gioria Engel and Michael Mumcuoglo.
June 04, 2015
Maxine Fassberg Named Head Of Intel Israel
June 4, 2015 | Intel announced that Maxine Fassberg will be named the head of Intel Israel following the resignation of Shmuel Eden. Daniel Benatar will take over for Fassberg has Intel Israel’s production manager. Fassberg originally joined Intel Israel in 1983 as an engineer, moving on to manage the company’s Kiryat Gat plant and as company CEO.
June 04, 2015
Mantis Vision Raises $9.7M
June 4, 2015 | The Israeli 3D technology and solutions developer Mantis Vision, which is part of Google’s ‘Project Tango’, announced that it raised $9.7 million from Formation 8, Qualcomm’s investment arm, among other investors. Mantis Vision will reportedly use the funds to further develop its MV4D technology that allows for 3D data acquisition. Mantis Vision was founded in 2005 by Gur Arie Bittan and Amihai Loven.
June 04, 2015
NCB Reports $6B In Cyber Exports In 2014
June 4, 2015 | According to the latest data from Israel’s National Cyber Bureau, Israeli cyber security companies exported about $6 billion in cyber-related products and services in the last year. This about doubles the amount of cyber exports in 2013 respectively that totaled $3 billion. According to the National Cyber Bureau, 2014’s totals account for about ten percent of the global cyber market valued at $60 billion. The National Cyber Bureau was founded in 2011 and is part of the Prime Minister of Israel’s office.
June 04, 2015
Azrieli Foundation Donates $10M To Hebrew U Stem Cell Research
June 4, 2015 | The Azrieli Foundation, one of the largest in Canada, announced that it will donated $10 million to research at the Hebrew University’s Azrieli Center for Stem Cells and Genetic Research. The funds will also be used to support Israeli doctoral students and young research faculty, as well as Canadian post-doctoral students. The new center will be led by Dr. Nissim Benvenisty, one of the world’s leading stem cell researchers, together with laboratories in Boston, New York and Los Angeles.
June 03, 2015
GameFly Acquires Playcast
June 3, 2015 | GameFly has acquired the Israeli cloud gaming company Playcast for an undisclosed amount. Playcast employs 35 at its offices in San Francisco and Israel, and, following the acquisition GameFly will expand the company’s offices in Caesaria as a research and development center. In addition, GameFly will introduce Playcast’s video game streaming service. Playcast was founded in 2007 by Guy De Beer.
June 03, 2015
Report: FIMI To Acquire Hadera Paper
June 3, 2015 | According to a “Globes” report, FIMI Opportunity Funds will acquired Hadera Paper. “Globes” reports that Clal Industries and Investments, which owns 59 percent of shares in Hadera Paper, is in talks with FIMI regarding the takeover. Hadera Paper currently employs 1,800 and specializes in the sale and manufacture of packing paper and the processing of paper and plastic waste.
