Pitango, Giza and Cedar Lose in this deal: Marvell Buys Iamba for $10 Million

Welcome to VC Cafe. If you’re new around here, you may want to subscribe to our feed and get daily updates for FREE. iamba, an Israeli startup that develops optical communication systems for VOIP and IPTV, was sold to Marvell for $10 million. iamba had received $25 million in four rounds of venture backing from [...]

Bitesize Monday: 5 Israeli Companies Get Cash Injections

Ben Gurion once said: “In Israel, in order to be a realist you must believe in miracles”. Boy was he right. Ehud Olmert’s entanglement in what seems to be a deep bribery case, is the sixth investigation opened against Israel’s prime minister since 2006. Opponents of the Kadima party are demanding Olmert’s resignation, which might [...]

Investors Believe In Iamba Networks, Add $7 Million Investment

Iamba networks has secured a $7 million round from previous investors Pitango Venture Capital, Cedar Fund, Giza Venture Fund and UK-based Kreos Capital. The company develops chips for telecommunications, specifically Gigabit Passive Optical Networking (GPON), a technology that aims to replace [...]

Another Israeli exit:NetApp snags Israel’s Onaro for an estimated sum of $120 million

Following the successful exit of grid storage company XIV, Network Appliance (NASDAQ:NTAP) announced the acquisition of Israel/Boston based Onaro, a private company co-founded in 2002 by four Israelis, veterans of Israeli military intelligence: Roy Alon (VP of development and customer service), Assaf Levy (CTO and VP of business development), Dr. Raphael Yahalom (Chief scientist) [...]