After months of rumors and speculations – it's official! Israeli social GPS startup Waze has been acquired by Google for $1.03 billion. Waze's operations will stay in Israel for the time being.

Google is reportedly buying Israeli social GPS startup Waze for a whopping $1.3 billion. It is not the first Israeli startup to be sold for big bucks, nor will it be the last – here are six companies that might be next.

Google places a great emphasis on making its offices worldwide a fun place for its workers, and the new Tel Aviv office space is no different. Located in the heart of the city, the design is anything but conventional, with everything from slides and busts of deer heads gracing the space.

The driverless car is becoming a reality, with power players such as General Motors and Google working on the technology. Israel also has a candidate in the game – Jerusalem-based Mobileye - which is developing a car that can drive itself for a for short periods of time.

Google Related is a new add-on that aims to change the browsing experience and make it easy to find related information and content. The basic service that Related provides is in Google’s good old fashioned search: search anything on Google.com, and in addition to the regular search results, the Related bottom toolbar will show images, videos and any other related content.

New social network Google+ was launched a week ago with a great buzz. But many are reluctant to join yet another social network. To make the transition easier, Crossrider has released Google+Facebook, a browser extension that combines your old Facebook profile with your new Google+ one.

Three Israelis with various technological backgrounds intend on putting an Israeli flag on the moon with a coke-bottle sized rocket, in order to win a $20 million price from Google.

A project initiated by TAU's School of Computer Science and funded by the U.S. internet giant Google would make computers learn from past mistakes in order to better anticipate the future.

Search engines are getting smarter by the minute- after Google’s revolution in text based sites, a new kind of search engine uses patent-pending computer vision algorithms that can actually see the video’s content.