Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Snaptu, the app store for feature phones

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds Continue Reading

VC Cafe Quora Poll: What are the top startups in Israel 2010?

VC cafe poll

Vote on the top Israeli startups 2010 as suggested by members of the Israeli startup industry on Quora. Simply select your three top choices and leave your email to get notified of the results. Continue Reading

Face.com Gets $4.3 Million from Russian Yandex and Rhodium

Tag photos with your facebook or twitter friends- The Tagger app uses the face.com tagging widget to add a face tagging interface on top of any image in the page. The tagging widget uses faces.detect to automatically place tags on people's faces, and allows users to add names.

Face.com raises $3.4 million from Yandex for its face recognition technology. The space has become hot following the acquisition of Polar Rose by Apple for a rumoured $29 million. Continue Reading

5min Wins Top Spot in TechAviv’s Peer Awards

techaviv peer awards winner

TechAviv, the members-only meetup group for Israeli start ups, has concluded its starup competition the “TechAviv Peer Awards”. The top spot was awarded to Israel’s 5min.com,the leading online platform for how-to, instructional and knowledge videos, which was crowned as the most promising Israeli web start up in 2009. Colnect was a close runner up. Continue Reading