Israeli startup Stevie, which turns social media feeds into a TV experience, was announced as the winner of the MIPCube Lab Competition at the MIPTV conference in Cannes. The MIPCube Lab contest is an international competition featuring 10 startups that are helping to change the face of the TV industry.
News Briefs
April 11, 2013
Social Media TV Startup Stevie Wins MIPCube Lab Competition
April 11, 2013
DiViNetworks Raises $10M
IFC, the World Bank’s investment branch, is expected to invest in Israeli startup DiViNetworks, which is developing data-compression technology. IFC will invest several million dollars in the Israeli company, joined by other investors, in a financing round that will total at $10 million.
April 11, 2013
Smartphone Road Safety System iOnRoad Acquired For $10M
Israeli startup iOnRoad, which developed a smartphone-based road safety app, has been acquired by the Harman Corporation. Although the amount paid was not disclosed, it is assumed to be $10 million. iOnRoad, founded in 2012, has raised $1 million to date.
April 10, 2013
Stephen Hawking To Visit Israel In June
Theoretical physicist Stephen Hawking, who is considered to be one of the smartest people on earth, will visit Israel next June. Hawking will attend the fifth President’s Conference, entitled “Facing Tomorrow.”
April 10, 2013
Sapiens Signs $6-8M Deal With Texas Insurance Company
Israeli insurance software company Sapiens, has announced that it has signed a deal with the Texas Farm Bureau Insurance Companies group. Sapiens will supply the group with a comprehensive solution for managing its elementary insurance products line. Sources tell “Calcalist” that the deal is estimated to be worth $6-8 million.
April 10, 2013
SupportMachines Raises $1M
Israeli startup SupportMachines, which develops automated chat services for customer support, has raised $1 million. The company’s main clients are the three major cellular operators in Israel: Pelephone, Orange (Partner) and Cellcom. This is th company’s first financing round, after securing seed funding last year.
April 10, 2013
DudaMobile Raises $10.3M
Israeli company DudaMobile, which developed a DIY mobile website building tool for small businesses, has raised $10.3 million. The financing round was led by Pitango Venture Capital and Orens Capital. The company has raised $18.6 million to date.
April 09, 2013
Israeli Professor Wins AACR Award For Outstanding Cancer Research
The American Association for Cancer Research (AACR) has chosen Professor Alexander Levitzki of the Hebrew University of Jerusalem as the winner of its 2013 Award for Outstanding Achievement in Chemistry in Cancer Research. The AACR said that Levitzki was chosen for the honor in recognition of his contributions to signal transduction therapy and his work on the development of tyrosine kinase inhibitors as effective agents against cancer.
April 09, 2013
FDA Awards Enlivex’s GVHD Treatment Orphan Drug Status
Israeli company Enlivex, a part of Hadasit Bio-Holdings, has been awarded orphan drug status by the FDA for its product ApoCell. ApoCell is designed to treat Graft Versus Host Disease (GVHD), which affects up to 70 percent of heterologous bone marrow transplant recipients and can be lethal.
April 09, 2013
Technion Is 6th Most Innovative Place In The World
The Technion was ranked in sixth place in the world for entrepreneurship and innovation, in the first ever comprehensive survey conducted by the Massachusetts Institute of Technology (MIT). The study was performed in collaboration with Skolkovo (the Innovation Center known as Russia’s Silicon Valley). Among the top ten leading universities worldwide – only two institutions of higher learning are located outside the United States and Europe – the Technion and the National University of Singapore (NUS). MIT and Stanford University topped the list.
April 08, 2013
Cloud-Based Disaster Recovery Company Zerto Raises $13M
Israeli startup Zerto, which is developing cloud-based disaster recovery tools, has announced the closing of a financing round, raising $13 million. The round was led by RTP Ventures, which was joined by existing investors. Zerto has raised $21.2 million to date.
April 08, 2013
Israeli Medical Company Cheetah Medical Raises $14.5M
Cheetah Medical, an Israeli startup developing medical devices and computer technology, has completed a financing round, raising $14.5 million. The funds were raised from existing investors Ascension Health, MVM Life Science Partners and Robert Bosch Venture Capital. The company has raised $54 million to date.
April 08, 2013
Brandforce Raises $1.4M
Israeli company Brandforce, which develops word-of-mouth marketing technology, has announced that it has completed a financing round, raising $1.4 million. The bulk of the investment came from private American investors. The Israeli company intends to use the funds for expansion into the North-American market.
April 04, 2013
LifeBEAM Raises $50,000 On Indiegogo
Israeli startup LifeBEAM, which is developing a smart helmet for bicycle riders based on fighter-pilot-helmet-technology, has raised $50,000. The funds were raised through crowdfunding website Indiegogo in less than a month.
April 04, 2013
Citi Opens New Financial Data Intelligence Lab In Israel
Global financial giant Citi has opened a financial data intelligence lab in Israel. The lab is part of Citi’s Israeli Technology Innovation Center. According to the company, Israel was selected due to its potential and talent in the field of data.
