February 13, 2014 | Israeli irrigation controller manufacturer Galcon has announced the acquisition of American company Cyber Rain, which develops weather-based smart irrigation systems. The company did not disclose the amount changing hands.
News Briefs
February 13, 2014
Galcon Acquires Cyber Rain
February 13, 2014
Payoneer To Hold IPO On Nasdaq At $700M Value
February 13, 2014 | Israeli company Payoneer, which offers chargeable credit cards and other payment services, is set to hold a $150 million IPO on Nasdaq. According to “Calcalist,” the IPO will be held in the second half of 2014 at a company value of $700 million.
February 12, 2014
Yevvo Raises $3.7M In Series A Financing
February 12, 2014 | Israeli startup Yevvo, which developed an app for microbroadcasting, has announced the closing of its first financing round, raising $3.7M. The financing round was led by relatively new Israeli VC Aleph.
February 12, 2014
Bio-Sep Raises $5.3M
February 12, 2014 | Israeli biomed startup Bio-Sep, which develops technology to magnetically separate rare blood cells, has announced the closing of its first round of financing, raising $5.3 million. The final $2 million investment was made by private investment fund BRM.
February 12, 2014
NICE Named Among Fast Company’s “World’s 50 Most Innovative Companies”
February 12, 2014 | Israeli company NICE Systems, which develops software for businesses, has announced that it was named as one of the “World’s 50 Most Innovative Companies” in 2014 by Fast Company magazine. This places NICE among leading businesses like Google, Amazon, Airbnb, and Nike. In addition, NICE ranked first in the magazine’s “Top 10” innovators in finance.
February 12, 2014
Question Answering App Askem Raises $1.3M
February 12, 2014 |Israeli startup company Askem, which developed a crowdsourcing-based question-answering app, has raised $1.3 million. The round was led by private investor Tal Barnoach, with participation from Microsoft Ventures.
February 12, 2014
White Label Video Startup Kaltura Raises $47M
February 12, 2014 | Israeli startup Kaltura, which develops open-source video platforms, has announced that it has raised $47 million. The financing round was led by new investors SAP Ventures, Nokia Growth Partners, Commonfund Capital, and Brazil-based Gera Ventures with participation from existing investors.
February 12, 2014
Multi-Million Dollar Deal For Sapiens In North America
February 12, 2014 | Israeli insurance software company Sapiens has announced that a leading North-American preneed life insurance provider has chosen to implement Sapiens ALIS software in its systems. The deal is estimated to be worth between $7 million and $10 million.
February 11, 2014
Fiat-Chrysler Looking Into Establishing R&D Center In Israel
February 11, 2014 | International automotive concern Fiat-Chrysler is looking into establishing a research and development center in Israel. “Calcalist” reports that a delegation of top executives is expected to arrive in Israel next week, in order to determine the likeliness of the project. If established, the center will focus on alternative fuels and will be located in the middle of Israel.
February 11, 2014
Any.do Is One Of Fast Company’s Top 10 Most Innovative Apps In Productivity
February 11, 2014 | Technology, business and design magazine Fast Company has listed the top 10 most innovative apps in productivity in the world. Alongside giants like Google and Dropbox, Israeli company Any.do is listed. The app is described by the magazine as “thoughtful and inventive.”
February 11, 2014
Technion And Canadian Health Network Raising $75M For Cardiovascular Innovation Center
February 11, 2014 | Israel’s Technion and Toronto-based Health Network have launched a Center for Cardiovascular Innovation and are raising $75 million for the project. $10 million have already been raised, with total funding to be obtained by the end of 2014. One-third of the funds raised will be invested in the Technion.
February 11, 2014
Three Israeli Engineers Selected For US National Academy Of Engineering
February 11, 2014 | Out of 11 engineers selected as foreign associates to the American National Academy of Engineering, three are Israeli. The engineers are Alon Gany and Moshe Shoham from the Technion and David Harel of Weizmann Institute of Science.
February 11, 2014
Magic Wins DeveloperWeek’s Top Innovator Award
February 11, 2014 | Israeli company Magic Software Enterprises, which provides software platforms for enterprise mobility, cloud applications, and business integration, has announced that it received DeveloperWeek’s 2014 Top Innovator Award for Mobile Development for its Enterprise Mobility Solution.The DeveloperWeek Innovator Awards recognize innovative technologies and products. Award winners were determined by a combination of peer voting and a review from an independent panel of judges.
February 11, 2014
Viber In Acquisition Talks With A $400M Price Tag
February 11, 2014 | Israeli VoIP and IM app company Viber is in talks with an Asian company to be acquired at a $400 million value. “Calcalist” reports that the company presents an attractive option for the IM-app-saturated Asian market, with 67 million registered users in Asia alone.
February 11, 2014
Cyvera To Be Acquired By Palo Alto Networks For $150M
February 11, 2014 | Israeli cyber security company Cyvera, which specializes in Zero-Day attack prevention, will be acquired by Palo Alto Networks. Israeli technology blog Geektime reports that earlier rumors about the acquisition have been confirmed. Cyvera has raised $13 million to date.
