Qualcomm founder Irwin Mark Jacobs and his wife, Joan, have made a $133 million donation to Cornell University and the Technion – Israel Institute of Technology. The donation will partially fund the “Joan and Irwin Jacobs Technion-Cornell Innovation Institute,” which will cost an estimated $2 billion.
News Briefs
April 25, 2013
Cornell-Technion Institute Receives $133M Donation
April 25, 2013
Zooz Raises $2M In Series A Financing Round
Israeli company Zooz, which has developed a consumer-driven payment platform for mobile devices, has announced that it has raised $2 million in a series A financing round. The round was led by XSeed Capital with participation from existing investors.
April 24, 2013
Treato Raises $14.5M
Israeli company Treato Ltd., which specializes in medical data mining, has announced that it has raised $14.5 million in a financing round. The round was led by OrbiMed Israel, with participation from New Leaf Venture Partners and Reed Elsevier Ventures. Treato has raised $20 million to date.
April 24, 2013
PROLOR Biotech Acquired By Opko Health For $480M
Israeli biomed company PROLOR Biotech Inc. has been acquired by American company Opko Health Inc. Opko, which is based in Miami, will pay $480 million for the Israeli company, which has an estimated market worth of $370 million. PROLOR’s lead product is a longer-lasting human growth hormone.
April 23, 2013
ForeScout Mulls IPO At A Company Value Of $350M
Israeli data security company ForeScout, is considering going public at a company value of $300-400 million. Calcalist reports that in light of its revenue growth, the company has been in contact with several investment bankers and analysts, in order to explore the possibility of an IPO.
April 23, 2013
PLUS Ventures To Cooperate With Tel Aviv University
Israeli investment firm PLUS Ventures has announced that it is collaborating with Tel Aviv University in two outlets: Ramot, the university’s technology commercialization company and StarTau, the university’s entrepreneurship center. PLUS Ventures specializes in investments ranging from pre-seed financing to $1 million investments.
April 23, 2013
IVC: Israeli Companies Raised $474M In Q1 Of 2013
Israeli high tech and venture capital database IVC reports that Israeli companies have raised an overall amount of $474 million in the first quarter of 2013. The amount is two percent lower than funds raised in the equivalent quarter last year.
April 23, 2013
Business App Developer Gizmox Raises $7.5M
Israeli company Gizmox, which develops tools for building and converting business application to web and mobile platforms, has announced that it has raised $7.5 million in a financing round. The round was led by Atlas Venture, with existing investors contributing also.
April 18, 2013
Parko Raises $500,000 On OurCrowd
Israeli startup Parko, which developed a smartphone app that uses crowdsourcing to find parking spaces, has announced that it has raised $500,000. The funds were raised through Israeli crowdsourcing platform OurCrowd.
April 18, 2013
CommuniTake Raises $3M from Cellebrite
Israeli startup CommuniTake, which develops remote access technology over mobile devices, has received a $3 million investment from Cellebrite. Cellebrite is a Japanese-owned company which specializes in mobile data extraction, decoding and analysis solutions for mobile forensics.
April 17, 2013
Pumpic Raises $700,000
Israeli company Pumpic, which is developing a photo storage and sharing platform, has announced that it has raised $700,000 in a series A financing round. The round was led by startup accelerator TheTime.
April 17, 2013
Reduxio Raises $9M
Israeli startup company Reduxio, which develops hybrid data storage system, has announced that it has raised $9 million in a series A financing round. The round was led by Carmel Ventures and JVP.
April 17, 2013
Celeno Listed On Red Herring’s 2013 Top 100 Europe Award
High-performance Wi-Fi chips and software provider Celeno Communications, was announced a winner of the Red Herring’s Top 100 Europe Award, a prestigious list honoring Europe’s leading private companies and recognizing their innovations and technologies across their respective industries.
April 15, 2013
Michael J Fox Foundation Grants $750,000 To Intec Pharma
Israeli medical device company Intec Pharma has obtained a $750,000 grant from the J Fox Foundation for Parkinson’s Research. The Israeli company received the grant for its innovative delivery method for Levodopa, the leading treatment for the disease.
April 11, 2013
Israeli CyOptics Acquired For $400M By Singaporean Avago
Singaporean Avago, considered one of the world’s leading optical infrastructure providers, has announced that it is acquiring Israeli company CyOptics, which also operates in the same field. According to the agreement, Avago will pay $400 million for the Israeli company.
