December 9, 2013 | Israeli company AcousticEye, an innovator in non-traversing tube and pipe inspection for the global NDT (non-destructive testing) market, today announced that it has closed a $7 million round of additional funding from YS Capital, Plan B Ventures and existing investors Sequoia Capital and Israel Cleantech Ventures. The investment will be used to accelerate product development, deployment and sales.
News Briefs
December 09, 2013
Pipe Inspection Company AcousticEye Raises $7M
December 09, 2013
Israel, Jordan And PA To Sign Two Seas Canal Agreement In Washington
December 9, 2013 | Government representatives from Israel, Jordan and the Palestinian Authority are in Washington to sign an agreement to establish the Two Seas Canal. The canal, designed to slow the desiccation of the Dead Sea, will carry 100 million cubic meters of water a year from the Red Sea.
Photo by: Sunrise at Dead Sea, Israel
[sharethis-inline-buttons]December 08, 2013
Given Imaging Acquired By Covidien For $860M
Irish global healthcare company Covidien is acquiring Israeli comapany Given Imaging, which developed swallowable camera to diagnose problems in the digestive tract. The acquisition is estimated at about $860 million. Israel’s IDB Group agreed to sell its stakes in Given Imaging.
[sharethis-inline-buttons]December 05, 2013
Takipi Raises $4.5M
December 5, 2013 | Israeli startup Takipi, which develops cloud-based solutions for programmers, has raised $4.5 million in a financing round led by Menlo Ventures. Takipi was founded by Tal Weiss and Iris Shoor, who previously founded VisualTao, a startup that was acquired by Autodesk for $20-$30 million in 2009.
December 05, 2013
Carambola Raises $4M
December 5, 2013 | Israeli startup Carambola, which develops technology that semantically analyses video content and offers the user related content, has raised $4 million. The financing round was led by Pitango Venture Capital, with participation from existing investors.
December 05, 2013
Aleph Sets Up Secondary $14M Side-Fund
December 5, 2013 | Newly-founded Israeli VC Aleph is raising $14 million for a side-fund dubbed “Aleph Aleph.” “Calcalist” reports that the funds were raised from American and Israeli private investors. This brings the total sum raised by Aleph to $154 million.
December 04, 2013
BGU Professor Receives French National Order Of Agricultural Merit
December 4, 2013 | French Minister of Agriculture, Mr Stephane Le Foll, has awarded the Ordre National du Mérite Agricole (National Order of Agricultural Merit) to Israeli Professor Pedro Berliner, Director of BGU’s Jacob Blaustein Institutes for Desert Research, for his “outstanding contribution to agriculture.” Israeli Winemaker Eli Ben-Zaken was also honored at the same ceremony.
December 04, 2013
CollPlant Receives $6M Investment To Develop Cosmetics
December 4, 2013 | Israeli biomed company CollPlant, which develops various collagen products for the pharmaceutical industry, has announced the signing of a memorandum of understanding with an unnamed US-based company. According to the agreement, CollPlant will receive a total of $6 million for selling the rights to use their collagen production technology for the cosmetics industry.
December 04, 2013
Jajah To Shut Down Next Month
December 4, 2013 | Israeli VoIP service provider Jajah, which was acquired by Spanish telecommunications giant Telefonica in 2009, is shutting down. The company, acquired for $207 million, will continue to offer its services to its existing costumer through January 2014, but will not be accepting any new users.
December 04, 2013
Quixey To Open Tel Aviv Offices
December 4, 2013 | App search engine developer Quixey, which was founded by Israelis in California, is opening offices in Tel Aviv. Company founder and CEO Tomer Kagan is currently in Israel looking at possible candidates to man the Tel Aviv branch. The company plans to hire up to 20 employees and will open the offices by the end of 2014.
December 02, 2013
Israel Corporation To Build $1B Power Plant In Peru
December 2, 2013 | The Israel Corporation has won a tender to build and operate a 590-megawatt power plant in Peru. The project, estimated at $1 billion, will be carried out by IC Power, the corporation’s electricity arm.
December 02, 2013
Three Israeli Companies Listed On Deloitte’s European Fast 500 Top 10
December 2, 2013 | Israeli companies myThings, Trusteer and MyHeirtage were ranked on Deloitte’s EMEA Fast 500 top 10. The highest ranked company was myThings, which was ranked second and specializes in retargeted advertising. Trusteer (recently acquired by IBM) was ranked fifth and MyHeritage closed the list at number 10.
December 02, 2013
Galtronics Raises $47M On Canadian Stock Exchange
December 2, 2013 | Israeli antennae manufacturer Galtronics has raised $47 million on a public offering held on the Canadian stock exchange. The company is valued at $142 million after the offering. Galtronics supplies antennas to companies such as Samsung, Motorola, AT&T, Cisco and Verizon.
November 28, 2013
BGU Researcher Wins ‘Young Investigator’ Award From Prostate Cancer Foundation
November 28, 2013 | Ben Gurion University Researcher Doctor Niv Papo was awarded the Young Investigator Award by the Prostate Cancer Foundation recently. Papo, a molecular biologist, is also a recipient of a European Research Council (ERC) grant last month, Europe’s most prestigious scientific grant.
November 28, 2013
Lightspeed Founding Partner: Outbrain Will Hold IPO Within 18 Months
November 28, 2013 | A member of investment group Lightspeed Venture Partners told “Globes” that content recommendation platform Outbrain will hold an IPO within 18 months. The statement was given in an interview to the Israeli financial publication by founding partner Ravi Mhatre.
