News Briefs

November 21, 2013 | Israeli cyber security company Comilion, has raised $2.6 million from key players in the Israeli cyber scene. “Calcalist” reports that among the investors are Checkpoint founder Shlomo Kramer and Trusteer founder Mickey Boodaei.

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November 21, 2013 | Investment group Genesis Angels, which has been operating in Israel under the name Team Singular for just over six months, has invested $34.5 million in Israeli startups. The fund is backed by Kazakh businessman Kenges Rakishev and also includes Mobli founder Moshe Hogeg.

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November 21, 2013 | Israeli IT security company CyberArk is planning an Initial Public Offering on Wall Street in the first half of 2014. Sources inform ”Globes” that the company will attempt to raise $100-150 million at a company value of at least $500 million, before money.

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November 20, 2013 | Israeli telecommunications infrastructure provider Ceragon is planning to hold a public offering on Nasdaq, in an attempt to raise $35 million. The company in undergoing an optimization process, which will unfortunately also see 200 of its employees fired.

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November 20, 2013 | Israeli company RADCOM, a leading Service Assurance provider, has announced that it received new orders amounting to $3.6 million with a tier 1 operator in Asia. This is an expansion of an existing deployment with this operator.

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November 12, 2013 | Israeli plant genomics company Evogene, which develops genetically enhanced seeds for better crop performance, has announced the terms for its public offering to be held on the New York Stock Exchange (NYSE) today. The company will offer 5 million shares $17.16, with the aim of raising $86 million.

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Israeli-developed exoskeleton ReWalk, which enables paraplegics to walk, was listed on TIME magazine’s “25 Best Inventions of the Year 2013.” ReWalk is a device that uses advance sensors and robotics to help people who are wheelchair-bound walk again and even climb stairs. It is commercially available in Europe and is currently being reviewed by the FDA.

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Israeli company SimpliVity, which develops IT infrastructure platforms, has announced the closing of a Series C financing round, raising $58 million. The round was co-ld by Kleiner Perkins Caufield & Byers Growth and DFJ Growth, with participation from existing investors. The company has raised $101 million to date.

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November 19, 2013 | Israeli startup Zula, which develops a platform for cloud-based conference calls, has announced that it has raised additional funds in a second seed financing round. The funds were raised from Microsoft Ventures. Though the sum raised was not disclosed, Microsoft Ventures usually invests up to $250,000.

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November 19, 2013 | Israeli startup N-Trig, which develops touchscreen technology, has completed a financing round, raising $4.5 million. The funds were invested by 12 different investors. The company has raised $99 million to date.

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November 19, 2013 | International IT giant EMC will set up a seventh R&D center in Israel, which will open in the city of Haifa next year. EMC‘s Chairman and CEO Joe Tucci met with Israeli Prime Minister Netanyahu yesterday and told him of the new center. Tucci also agreed to join the cyber initiative, led by the Israeli government, the municipality of Be’er Sheva and Ben Gurion University of the Negev.

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November 18, 2013 | Israel was ranked second on the GDI (Global Dynamism Index) in the category of science and technology. The index, which was compiled by Grant Thornton, rates the economies of the world in the fields of business and environmental growth. “Dynamism” is defined as a function of the country’s economic strength and the ability of new business to develop in it.

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November 18, 2013 | Israeli company TaKaDu, which develops systems for monitoring and optimizing water infrastructures, has announced the winning of an extension tender with Spanish water utility, Udal Sareak. The utility provides water supply services to a number of municipalities in Bilbao and the Basque Country. In October 2012, it rolled out TaKaDu’s solution. Following a one-year contract which proved TaKaDu’s value, the utility management has decided to continue using TaKaDu’s solution for the long-term.

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November 18, 2013 | Israeli startup Compass-EOS, which develops wireless routers, has raised an additional $42 million in funding. Existing investors Pitango, Comcast Ventures, Cisco, Northbridge Venture, Benchmark Capital Partners and Marker LLC participated in the round, alongside a US-based private investment fund, a private investor and the Russian Government’s RUSNANO. This latest round brings the total of capital raised by Compass-EOS to $160 million, a record for total funds raised by an Israeli startup.

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Apple has reportedly acquired PrimeSense, the motion-tracking company responsible for the technology in the original Xbox 360 Kinect, in a deal said to be worth around $345m. Rumors of the possible purchase, first reported on Sunday morning 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 who 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.

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