October 24, 2013 | Israeli company GreenSpense, which develops eco-friendly aerosol cans (or Eco Sleeves), has been selected to represent Israel in the 2013 International Cleantech Open Ideas Competition. The company will represent Israel in California next month, after winning the preliminary competition in Israel.
News Briefs
October 24, 2013
GreenSpense To Represent Israel At Cleantech Open Ideas Competition
October 24, 2013
‘Peace University’ To Open In Nazareth By Texas A&M University
October 24, 2013 | The Israeli Ministry of Education has announced that a new university will be open in the city of Nazareth. The campus, dubbed “Peace University,” will be a part of US University Texas A&M, which will finance most of the project. The new university has already been approved by the Israeli Council for Higher Education.
October 23, 2013
EU Satellite Program Will Include Israel As A Major Partner
Israeli Science and Technology Minister Yaakov Peri and the head of the Israel Space Agency, Menachem Kidron have signed an agreement with the European Union, to make Israel a major partner at the Galileo satellite program. As part of the agreement, Israeli researchers and companies will have access to project’s linked with the union’s program.
October 23, 2013
Outbrain Raises $35M More In Pre-IPO Financing
Israeli content recommendation platform Outbrain, which is planning an IPO at a company value of $1 billion, has closed yet another financing round, raising an additional $35 million. The financing round, which brings the company’s total to $99 million raised, was led by HarbourVest, with the participation of Carmel Ventures, Index Ventures, Gemini Israel Ventures, GlenRock Israel, Rhodium, Lightspeed Venture Partners, and Vintage Partners.
October 23, 2013
Three Israeli Companies To Receive Investment From Intel Capital
October 23, 2013 | Intel Corporation’s global investment and M&A organization, Intel Capital, is announcing investments in 16 new technology companies totaling $65 million. Three of the companies selected were Israeli: Interlude, Reduxio Systems and Rocketick.
October 23, 2013
Web App Firewall Developer Foresight Raises $4M
Israeli company Foresight, which develops Web Application Firewall (WAF) software, has raised $4 million. The funds were raised from Cedar Fund and Magma Venture Partners. Foresight says it will use the proceeds in order to expand their operations in the US and Europe.
October 23, 2013
CoolaData Raises $7.4 In Series A Financing
October 23, 2013 | Israeli startup CoolaData, which provides big data analytics services, has closed a successful Series A financing round, raising $7.4 million. The round was led by Greylock Partners Israel and Carmel Ventures. The company says it will use the proceeds to further develop its analytics solution.
October 23, 2013
ActiViews To Be Acquired By Stryker For $20-30M
October 23, 2013 | Israeli medical device company ActiViews is reportedly in acquisition talks with US-based medical corporation Stryker. Activiews, which develops guided needle systems for pulmonary biopsies and tumor surgical procedures, already has a strategic cooperation with the American company. It is estimated that Stryker will pay $20-30 million for ActiViews.
October 23, 2013
Data Management Company Varonis System To Hold IPO At A Company Value Of $500M
October 23, 2013 | Israeli company Varonis Systems, which develops tools for sensitive data sorting and mangement, has filed with the SEC to hold an IPO on Nasdaq. Although the company said that the price range for the offering and the number of shares had not yet been determined, earlier this year “Globes” reported that it plans to raise $100-150 million at a company value of $500 million.
October 22, 2013
Mobile Analytics Appsee Raises $1M
October 22, 2013 | Israeli startup Appsee (formerly UserVOD) has announced that it has raised $1 million in funding from Giza Venture Capital and angel investors. The company has also launched its new iOS analytics platform to help mobile app developers better understand the way users interact with their apps.
October 22, 2013
ApiFix Raises Several Millions In Series B Financing
October 22, 2013 | Israeli company ApiFix, which has developed deformity correction system for Adolescent Idiopathic Scoliosis (AIS), has raised a few million dollars (a specific amount was not disclosed). The financing round was led by the TrendLines Group. ApiFix says it will use the funds for the marketing of its flagship product.
October 22, 2013
Ubertesters Wins IDCEE Startup Competition In The Ukraine
October 22, 2013 | Israeli startup Ubertesters, which develops mobile-app testing services, has won the startup competition held at the IDCEE conference in the Ukraine. The company, founded in 2012, came in first out of 150 other startups that entered the competition. Ubertesters also offers companies with in-house testing services.
October 22, 2013
Neuroderm Raising $5M For Transdermal Drug Delivery System Trial
October 22, 2013 | Israeli biomed company Neuroderm, which is developing a transdermal drug delivery system, is in the process of raising $5 million. “Globes” reports that the funds are being raised from current investors and new foreign investors.
The proceeds will be used to accelerate clinical trials and for a review of a possible IPO on Nasdaq in 2014.
[sharethis-inline-buttons]October 20, 2013
Israeli Researchers And German Colleagues Receive $2M Brain Study Grant
October 20, 2013 | Doctors Israel Sekler, Ilya A. Fleidervish and Michal Hershfinkel of Ben Gurion University’s Department of Physiology and Cell Biology are winners have been awarded a lucrative grant of $2 million to study “The Interplay of Mitochondrial and Nuclear Ca2+ signaling and its Implication for Memory and Brain Disorders” by the DIP – German-Israeli Project-Cooperation. The grant will be shared with Doctors Hilmar Bading of the Department of Neurobiology, University of Heidelberg and Michael Bader MDC, Charité.
October 20, 2013
Business Intelligence Company Mintigo Raises $10M
October 20, 2013 | Israeli company Mintigo, which offers business intelligence services, has announced the closing of a financing round, raising $10 million. The financing round was led by Adam Street Partners, with participation from existing investors Sequoia Capital and Giza Venture Capital. Mintigo has developed a platform which automatically matches business offers with potential customers.
