The Israeli solar firm HelioFocus, a branch of the Israel Corporation that focuses on eco-friendly projects, has signed a Memorandum of Understanding (MoU) with Chinese energy giant Taiqinq. HelioFocus will build a solar facility that will produce 200 megawatts of power. The project is estimated at $340 million.
News Briefs
October 31, 2013
Israeli Company To Build $340 Solar Field In China
October 31, 2013
Pointer Telocation Wins $3M Project In Brazil
Israeli company Pointer Telocation, a leading developer, manufacturer and operator of Mobile Resource Management and roadside assistance services for the automotive industry, has announced that it has been awarded a supply and installation contract to provide advanced solutions to manage a fleet of vehicles in Brazil. The contract is worth approximately $3 million.
October 30, 2013
Medical Device Company CartiHeal Raises $5M
October 30, 2013 | Israeli company CartiHeal, which develops innovative, cell-free cartilage regeneration technology, has announced that it received an additional $5 million funding in cash from its existing investors: Elron, Accelmed and Access Medical Ventures. The proceeds will be used to expand ongoing post-marketing clinical studies of Cartiheal’s signature product Agili-C in Europe.
October 30, 2013
Report: Remote Assitance Startup Soluto Acquired For $130M
October 30, 2013 | Israeli startup Soluto, which offers remote assistance software for end-users and computer optimization software, has been acquired by American company Asurion. According to several reports, Soluto was acquired for $130 million. Considering that Soluto has raised just under $20 million in its six years of existence, the money changing hands is quite a hefty exit.
October 29, 2013
Social Video Company Magisto Raises $13M
October 29, 2013 | Israeli startup Magisto, which developed an app that automatically generates sharable videos and slideshows from photos and videos on your phone, have raised $13 million. The financing round was led by Qualcomm Ventures and Sandisk. Existing investors Magma Venture Partner and Li Ka Shing’s Horizons Ventures also participated in the round.
October 29, 2013
Israel And Japan To Establish R&D Fund For Agriculture
October 29, 2013 | The Israeli Minister of Agriculture Yair Shamir, has announced that Israel and Japan will set up a joint R&D fund for agriculture. Shamir made the announcement following a meeting in Tokyo with his Japanese counterpart, Agriculture, Fisheries and Forests Minister Yoshimasa Hayashi, stating that the cooperation is due to the high level of agricultural technology expertise in both countries.
Photo: Crossed Flag Pins
[sharethis-inline-buttons]October 29, 2013
MeMed Receives $6M Investment From Li Ka-shing
October 29, 2013 | Hong Kong communication and industrial mogul Li Ka-shing is investing $6 million in Israeli startup MeMed, “Calcalist” reports. This is Li’s second investment in Israeli biomed and 20th in Israel overall. MeMed develops technology for disease diagnosis, which enables doctor to differentiate between different types of bacteria and between bacteria and viruses, thus helping them to decide which antibiotics to prescribe.
October 29, 2013
Stratoscale Raises $10M In Series A Financing
October 29, 2013 | Israeli startup Stratoscale, which develops data center virtualization technology, has raised $10 million in Series A financing. The financing round was led by Battery Ventures and Bessemer Venture Partners. The company’s founder Ariel Maislos was previously a founder of Anobit, Technologies, which was acquired by Apple for over $350 million in 2012.
October 28, 2013
British Water Company Seeks Partnership With Israeli Company
October 28, 2013 | UK water corporation Arup is reportedly in talks with Israel’s national water company Mekorot. A senior executive at the British firm said that Arup wants to cooperate with Mekorot on water projects in different parts of the world.
October 27, 2013
3D Printer Company Formlabs Raises $19M In Series A Financing
October 27, 2013 | Israeli company Formlabs, which develops high resolution desktop 3D printers, has raised $19 million in Series A financing. The round was led by DFJ Growth, with participation from Pitango Venture Capital, Innovation Endeavors, and private investors. The company says it will use the funds to further develops its product, design, marketing team and international reach.
October 27, 2013
TabTale Raises $12M In Series B Financing
October 27, 2013 | Israeli company TabTale, which develops apps for children, has raised $12 million in Series B financing. The financing round was led by Magma Venture Partners, who also led the first round, joined by Qualcomm Ventures, Vintage Investment Partners, and private investors.
TabTale has raised $13.5 million to date.
[sharethis-inline-buttons]October 27, 2013
ADHD Treatment Company Alcobra Raises $33M
October 27, 2013 | Israeli company Alcobra Pharmaceuticals, which develops Attention Deficit Hyperactive Disorder (ADHD) treatments, has raised $33 million on a secondary Nasdaq offering. The company raised $25 million on its Nasdaq IPO last May.
October 24, 2013
Can-Fite Biopharma Raises $6M On Wall Street IPO
Israeli company Can-Fite Biopharma, which develops and commercializes advanced clinical drugs for inflammatory and liver diseases, has raised approx. $6 million in an Initial Public Offering held on Wall Street. Next, the company is planning a public offering on the New York Stock Exchange.
October 24, 2013
Advertising Management Platform Qlika Raises $1.7M
Israeli startup Qlika, which developed patent-pending technology that enables advertisers to manage and optimize their campaigns for each local market, segment and media channel, has raised $1.7 million. The seed funding was invested by several Israeli and American private investors The startup, a graduate of the UpWest Labs accelerator, says it will use the funds to hire more employees and expand its target market.
October 24, 2013
Smart Pricing Company FeedVisor Raises $1.7M
Israeli company FeedVisor, which developed a pricing algorithm for online retailers, has losed a successful financing round, raising $1.7 million. The round was led by JAL Ventures with participation from existing investors Oryzn Capital and Jeff Pulver’s Micro Angel Fund. The company said it will use the funds to further develop its product and expand its global reach.
