Global from Day One: Aragon Networks Promises to Make the Web Faster, Secures Seed Funding from Genesis

The speed of internet access available to the average citizen of a country is now widely recognized as a key economic indicator. This is not surprising as, with faster access to information, knowledge workers are able to work more productively. And for consumers, there is clear value in being able to explore the increasingly rich [...]

Profitect Raises $5.5 Million for Fraud Detection Software

Israeli start up Profitect, creator of fraud detection and loss prevention software, announced a second financing round of $5.5 million led by Genesis Partners and Cedar Fund. Cedar was the main backer in the company’s first round of $3 million back i

Nickels and Dimes in Israeli Venture Capital

The Israeli venture capital industry has experienced a $250 million decline in the past few months. Israeli venture capital funds have struggled to raise the target capital and the impact is likely to be felt on emerging technology companies in Israel.

Bitesize Monday: Modu and Ginger Get Funding

Big day for Israeli start ups today as two companies announce funding from unexpected sources. No VC money? no problem!
Modu Mobile, Dov Moran’s mobile company aiming to create the world’s smallest cell phone, gets an oxygen injection today with the announcement of a $7 Million dollar round from chip manufacturer Qualcomm. The strategic agreement signed [...]

Intercast’s sad exit, way below value

Israeli start up Intercast Networks is about to be sold for $7.2 -$10 million (estimates vary according to Israeli media outlets), to an undisclosed client, marking a significantly lower exit compared to what was invested in the company. The main losers are Gemini and Genesis.
Founded by prof Yechiam Yemini, a CS professor in Columbia University,  [...]

Monday Roundup: 10 Israeli Business Headlines

Let’s get right to it:
1. Sequoia invests in Israeli based Kenshoo, a SEM competitor to Google’s Double Click. Unlike Omniture and Atlas Solutions, Kenshoo enables both financial and quality management of SEM campaigns. [via The Marker (Hebrew) and via]
2. HP continues growth-through-acquisition – buys Israel based Nur Macroprinters for $117.5 million in cash. Yuval Cohen, [...]

Yedda Means Knowledge (in Hebrew), And Knowledge Means Cash (for Yedda)

AOL completed another acquisition of an Israeli start up. It started in 1998, when ICQ was sold for $406M, continued a week ago with the Quigo M&A for $340M, and it is now the turn of Israel-based Yedda, a semantic Q&A platform that was sold for an undisclosed amount (estimates say it’s in the double [...]

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