November 27, 2013 | Israeli startup Jifiti, which developed an online gift card app, has raised an additional $1 million in seed financing. The company has already raised $2.5 million last July. The round was led by Jesselson. The company allows users to buy a general gift and then enables the recipient to personalize them.
News Briefs
November 27, 2013
Jifiti Raises $1M To Rethink The Gift Card
November 27, 2013
Motion Recognition Company Extreme Reality Raises $10M In Series D Financing
November 27, 2013 | Israeli startup Extreme Reality, which develops technology for 3D recognition using simple cameras, has raised $10 million in Series D financing. Half of the financing came from Marker LLC and the other half from an unnamed strategic partner.
November 27, 2013
Broadcom Donates Hundreds Of Thousands For TAU Cyber Security Research Program
November 27, 2013 | Broadcom Foundation has donated hundreds of thousands of dollars to establish a cyber-security research program in Tel Aviv University. The program, spanning two years, will focus on developing cyber security solutions for secure interaction between people and their digital environment.
November 26, 2013
Celeno Named Top 100 Global Winner By Red Herring
November 26, 2013 | Israeli company Celeno, which provides high performance Wi-Fi chips and software for HD multimedia and entertainment home networking applications, has announced that it has been named a Red Herring Top 100 Global Winner for 2013. The annual award recognizes the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries.
November 26, 2013
SmartCipher Named Product of the Year By CRN Magazine
November 26, 2013 | CRN magazine, one of the leading advertising mediums for the IT industry, has named Israeli company Covertix‘s product SmartCipher Enterprise 3.0 as security product of the year. SmartCipher is a security product that enables tracking of certain files or folders regardless of where they were accessed from.
November 26, 2013
MediWound To Raise $100M On Nasdaq
November 26, 2013 | Israeli biomed company MediWound, which develops advanced treatments for wounds and burns, is planning to hold an IPO on Nasdaq. “Calcalist” reports that the company is planning to hold the offering at a company value of $500 million and will offer shares worth $100 million. The IPO is set to take place in Q2, 2014.
November 26, 2013
TAU’s Ramot Raises $17M For Investment Fund
November 26, 2013 | Ramot, Tel Aviv University’s technology transfer branch, has raised $17 million from international flash memory giant SanDisk and Indian automotive corporation Tata. The funds will go towards Ramot’s Technology Innovation Momentum Fund, which will focus on innovative technology in a variety of fields.
November 25, 2013
SiSense Wins HELM $250,000 Award
November 25, 2013 | Israeli big data analytics company SiSense has won the $250,000 prize from the Take the HELM Competition by the NYC Economic Development Corporation (NYCEDC). The company came in first out of 300 applicants.
November 25, 2013
Gnrgy Buys Better Place For Less Than Half-A-Million Dollars
November 25, 2013 | Has failed Israeli electric car venture Better Place finally found a new owner? Israeli startup Gnrgy, which develops electrical infrastructure, has bought the company for $450,000. There were already two attempts to buy Better Place, once valued at $2.25 billion, for around $11 million, but both attempts fell through.
November 25, 2013
Haifa-Based Accelerator Invests NIS 10M In Four Israeli Startups
November 25, 2013 | hiCenter, a subsidiary of Haifa Economic Corporation and a part of the Office of the Chief Scientist’s Technological Incubators Program, has announced an investment in four Israeli startups. The investment, totaling at NIS 10 million, was made in three companies in the new media, mobile, and Internet sectors, and one in the medical devices sector.
November 25, 2013
SiSense CTO Wins World Technology Award
November 25, 2013 | Eldad Farkash, CTO and Co-Founder at SiSense, has won top prize at the World Technology Awards gala in New York City. The award was given in the IT Software (Individual) category for achieving significant lasting progress with the invention of In-Chip big data analytics technology. SiSense is an Israeli company which develops big data analytics technology.
November 24, 2013
It’s official: “Apple Acquires PrimeSense For $345M”
It has just been confirmed that Apple has acquired Israeli startup PrimeSense for $345 million.
PrimeSense is the motion-tracking company responsible for the technology in the original Xbox 360 Kinect. Rumors of the possible purchase, first reported last Sunday by Israeli news site Calcalist, began back in mid-July, although the price tag was then said to be some $60M less than the amount currently reported. The exit is a coup for the company that seemed to be headed straight for the wall only a year and a half ago. At the time, the Israeli startup’s sponsor Microsoft announced that it would not be renewing its contract with PrimeSense.
November 21, 2013
Loop Commerce Raises $7.2M
November 21, 2013 | Israeli-American startup Loop Commerce, which enables giving gifts personalized by the receiver, has raised $7.2 million. The company allows users to select a general gift, such as a piece of clothing for instance, and then lets the recipient personalize it according to their liking.
November 21, 2013
Israeli Team Wins 2nd Place On PayPal’s Battle Hack
November 21, 2013 | The Israeli team participating in PayPal’s Battle Hack Series, the first hackathon in what hopes of becoming an annual event, came in second. The app the team developed is called RunPal and it basically encourages people to go out running.
November 21, 2013
Thousands Of Arab Students From Around The World Sign Up For Online Technion Courses
November 21, 2013 | The Technion‘s first online course in the Arabic language, Professor Hossam Haick’s course about nanotechnology and nanosensors, is generating a lot of buzz in Arab countries – even before it began. The course, available online through Coursera, has 5,595 Egyptian students, 1,865 Kuwaiti students, 1,243 Syrian students and 1,243 Saudi students.
