Last Month, Red Herring and the Israel Venture Association co-sponsored a competition in Israel, limited to early stage companies with revenues of up to $10 million in 2006 supported by venture funds associated with the IVA.
Three Israeli startups received first prizes as the best young companies in their respective sectors.
Software Category: Safend Inc.
Main Idea: Safend develops software to prevent data leaks in the organization, especially from authorized users.
- Founded: 2003
- CEO: Gil Sever
- Employees: 50
- Capital Raised: Safend has raised $9.65 Million in 2 rounds.
- Key Investors: Intel Capital, Walden Israel and Elron Electronics.
Communications Category: Unipier
Main Idea: A merger between Cash-U and Niragongo created Unipier, the developer of IPM – Intelligent Policy Management software that enables wireless providers to create, integrate and manage services fast.
- Founded: 2000
- CEO: Gabby Levy
- Employees: 60
- Capital Raised: Unipier has raised $43 Million in 4 rounds
- Key Investors: Greylock Partners, Intel Capital, Carmel Ventures, Fidelity Ventures, Pitango Venture Capital
Life Sciences Category: G.I. View
Main Idea: G.I. View has developed Aer-O-Scope, a new colonoscopy device that consists of a disposable camera embedded in a balloon that propels itself through the colon, providing a 360 degree view.
- Founded: 2003
- CEO: Dr. Benad Goldwasser
- Capital Raised: $29 Million in 4 rounds
- Key Investors: Israel Healthcare Ventures, Delta Ventures, Zielgler Meditech Medical Partners
See the rest of the finalists here.