February 25, 2014 | The world’s largest mobile technology event, the Mobile World Congress, is on its way in Barcelona. Among the thousands of companies presenting, there are roughly 200 Israeli telecom and mobile app companies. The congress opened yesterday and will end this Thursday.
News Briefs
February 25, 2014
200 Israeli Companies Presenting At Mobile World Congress In Barcelona
February 25, 2014
Magic Set To Raise $30-40M
February 25, 2014 | Veteran Israeli software company Magic Enterprises is preparing to raise $30-40 million on Nasdaq. “Globes” reports that company executives are currently holding a roadshow for potential investors in the US. The company has been publically traded in the US since 1991 and currently has a market cap of 324 million.
February 25, 2014
SimilarGroup Closes Series C Financing Round
February 25, 2014 | Israeli startup company SimilarGroup has announced the closing of a Series C financing round, raising several tens of millions of dollars (the exact about was not disclosed). The funds were raised from South African media company Naspers.
February 25, 2014
Canadian Disruptive Tech Capital To Invest $25M In Israeli Startups
February 25, 2014 | New Canadian investment fund Disruptive Tech Capital, has raised $25 million to invest in Israeli startups. The fund will invest in 5-15 companies, using a unique investment model. Each company will receive sums starting at $250,000, according to company needs.
February 25, 2014
6Scan Closes Series A Financing Round
February 25, 2014 | Israeli company 6Scan, which develops website security solutions for small businesses, has announced the closing of a Series A financing round. One of the investors was Gregor Freund, founder of Zone Labs, which was acquired by Check Point Software in 2004. The amount raised was not disclosed.
February 25, 2014
INCB: Israeli Cyber Companies Raised $165M In 2013
February 25, 2014 | According to the Israeli National Cyber Bureau (INCB), Israeli companies from the cyber sector have raised a total of $165 million in 2013. According to INCB director, Dr. Eviatar Matania, this figure accounts for 11 percent of all capital raised globally by cyber companies.
February 24, 2014
Smart Video Clip App Magisto Raises $2M
February 24, 2014 | Israeli startup Magisto, which developed an app that automatically created video clips from images and video input, has raised $2 million from Mail.ru. Following the investment, Mail.ru will integrate Magisto’s technology into its social network Odnoklassniki. Magisto has raised $20.5 million to date.
February 24, 2014
Samba Raises $630,000 In Seed Financing
February 24, 2014 | Israeli startup Samba, which developed a reactive video messaging app, has announced the closing of a seed financing round, raising $630,000. The company developed an app (which was recently launched for iOS) for video messaging, which automatically records the recipient’s reaction and sends it back to the sender.
February 24, 2014
Real Imaging Raises Several Millions From Everbright
February 24, 2014 | Israeli company Real Imaging, which develops breast cancer diagnostics technologies, has raised several million dollars from Chinese firm China Everbright Investment Management. This is the company’s first financing round and the first investment in an Israeli company made by Everbright.
February 20, 2014
Tel Aviv University’s Law School Best In The World Outside Of US & UK
February 20, 2014 | The Buchmann Faculty of Law at Tel Aviv University ranks #31 among 500 law faculties around the world, and #1 in scientific research impact and citations outside of the United States and United Kingdom, according to QS 2013 annual rankings, a key indicator in estimating the quality of academic institutions around the world.
February 20, 2014
Intel To Cooperate With N-Trig On Tablet Designed For Education
February 20, 2014 | International hardware giant Intel has chosen Israeli company N-Trig to take part in the development of its new education-focused tablet. N-Trig will develop the tablet’s touchscreen and ultra-accurate stylus pen. The tablet will be used to improve children’s writing skills, science and math, art and music.
February 20, 2014
Head Of UN Development Programme Visits Israel And Shows Interest In Innovations
February 20, 2014 | Helen Clark, Administrator of the United Nations Development Programme (UNDP), has begun her first visit to Israel and participated in the ID2 – Israeli Designed International Development, the young entrepreneurs’ conference. During her visit to the conference, Clark showed great interest in many of the new innovations that were presented. She was particularly excited by the innovation of glow in the dark plants to replace the electric light bulb.
February 20, 2014
Varonis To Hold $91M IPO On Nasdaq
February 20, 2014 | Israeli company Varonis Systems, which develops software platforms to analyze unstructured data, has filed with the SEC to hold an IPO on Nasdaq. The company will attempt to raise $91 million at a company value of $405-453 million, after money.
February 19, 2014
Stratasys Wins Design World Leadership In Engineering Award
February 19, 2014 | Israeli-American 3D printing giant Stratasys has announced that it has been awarded the Leadership in Engineering award for Digital Manufacturing by Design World Magazine. Chosen by the publication’s readers, the Leadership in Engineering award is an industry recognition program designed to acknowledge engineering leadership across several disciplines.
February 19, 2014
Alzheimer’s Treatment Company Neuronix Raises $5.5M
February 19, 2014 | Israeli company Neuronix, which developed an innovative treatment for Alzheimer’s disease, has raised $5.5 million from a private investor. Neuronix’s treatment is a combination of magnetic stimulation of the brain and cognitive training.
