April 28,2014 | Israeli crowdfunding company OurCrowd, has announced the closing of a $25 million Series B funding round. This round, according to OurCrowd, is the largest investment round in the equity crowdfunding sector to date. The company says that the investment will be used both to further expand its activities in Israel and worldwide, and to provide general partner funding participation for each deal on its website.
News Briefs
April 28, 2014
OurCrowd Raises $25M In Series B Funding
April 28, 2014
Two Israeli Companies To Participate In ‘Launch: Silicon Valley 2014’
April 28, 2014 | SVForum has announced the names of the 30 qualified startups selected to compete in this year’s Launch: Silicon Valley. This year, countries from around the world applied to qualify for six spots in each of five different Tech Groups: Digital Media-Mobile, Enterprise Software, EdTech, Next Generation Technology, and HealthTech. Two of the qualifiers are Israeli companies VoiceItt and TruTrainer, both in the HealthTech category.
April 28, 2014
Israel Is Home To IBM’s First-Ever Startup Accelerator
April 28, 2014 | International technology giant IBM has launched its first ever startup accelerator program – and chose Israel as its base. The accelerator, dubbed Alpha Zone, has already begun selecting companies for its accelerator, which will enjoy a 24-week program with access to the company’s cloud infrastructure, development tools and other resources.
April 24, 2014
Electronic Intelligence Company SuperCom Signs $3.6M Contracts
April 24, 2014 | Israeli company SuperCom, a leading provider of Electronic Intelligence Solutions for National ID, Public Safety and Healthcare, has announced that it has been awarded two new contracts from an existing customer totaling $3.6 million. The Company expects to recognize the majority of the contracts’ revenue during the second half of 2014.
April 23, 2014
Cyber-Security Company Sentinel Raises $12M In Series A Financing
April 23, 2014 | Sentinel Labs, an Israeli cyber-security firm focused on multi-device endpoint and server advanced threat protection, has raised $12 million in Series A financing. Tiger Global led the round with full participation from existing investors. The company says funding will be used to expand Sentinel’s offering, and for launching a complete Next Generation Endpoint Protection suite.
April 23, 2014
IDE Wins Global Water Award For Desalination Plant
April 23, 2014 | Israeli company IDE Technologies, a world leader in desalination, has announced that it had received the Global Water Award for best desalination facility earlier this month. The award was given by Global Water Intelligence at the Global Water Summit in Paris at the beginning of the month. IDE received the award for its Sorek facility, which has the world’s largest and most advanced reverse-osmosis desalination system.
April 22, 2014
Back& Raises $1.25M From Inimiti and Dov Moran
April 22, 2014 | Israeli startup Back&, which develops software solutions that can reduce app-development time by 50 percent, has raised $1.25 million. $1 million was invested by Inimiti, while $250,000 was invested by serial entrepreneur and inventor of the USB flash drive Dov Moran.
April 22, 2014
Tipa Raising $10M Led By Li Ka-Shing
April 22, 2014 | Israeli company Tipa Corp, which develops biodegradable packages for the food and drink industry, is raising $10 million, led by Chinese billionaire Li Ka-Shing’s Horizon Ventures. “Calcalist” reports that Horizon will be joined by existing investors Aviv Ventures and GreenSoil.
April 22, 2014
Brainsway Reports Positive Results On Preliminary Parkinson’s Treatment Test
April 22, 2014 | Israeli company Brainsway, which develops non-invasive treatments using transcranial magnetic stimulation (TMS), has reported positive results in a small trial for the treatment of Parkinson’s Disease. The trial was done at the San Raffaelle medical center in Milan, italy, and included 60 patients, which is not a large-enough test group for conclusive results.
April 20, 2014
Inspro Medical Acquired By OPKO
April 20, 2014 | American biopharmaceutical company OPKO Health has entered into a definitive agreement to acquire Inspiro Medical, an Israeli medical device company developing a new platform to deliver drugs to treat respiratory diseases. Inspiro’s Inspiromatic is a “smart” easy-to-use dry powder inhaler with several advantages over existing devices. Financial details of the transaction were not disclosed.
April 17, 2014
Partner Announces First Class Of Orange 4G Innovation Lab
April 17, 2014 | Partner Communications has announced the opening of a new accelerator for smartphone apps in Israel – the Orange 4G Innovation Lab. The accelerator will focus on startups developing apps in the fields of entertainment, automobiles, health and the internet of things. The first class includes seven startups: Simple as me, Glance, Feel stream, I4drive, Magisto, Derma compare and VoiceITT.
April 15, 2014
Slidely Raises $7.3M
April 15, 2014 | Israeli company Slidely, which offers a platform for turning a series of images into video presentations, has announced the closing of a financing round, raising $7.3 million. The round was led by the Benson OAK fund, which also invested in the company’s previous financing round.
April 15, 2014
Fundbox Raises $17.5M To Help Small Businesses Clear Outstanding Invoices
April 15, 2014 | Israeli company Fundbox, which offers small businesses the option of clearing outstanding invoices, has announced the closing of a Series A financing round, raising $17.5 million. The round was led by Khosla Ventures, with participation from other investors.
April 10, 2014
SpaceIL Receives $16.4M Donation To Put Israeli Craft On The Moon
April 10, 2014 | Israeli nonprofit SpaceIL, which plans on landing the first Israeli unmanned spacecraft on the moon, has announced the receipt of a $16.4 million donation from the Dr. Miriam and Sheldon G. Adelson Family Foundation. SpaceIl is a participant in the prestigious Google Lunar X Prize (GLXP) competition.
April 10, 2014
GreenSQL Raises $7M In Series C Funding
April 10, 2014 | Israeli cloud security company GreenSQL has announced the closing of a Series C financing round, raising $7 million. The financing round was led by Jerusalem Venture Partners (JVP), with participation from all existing investors.
