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 Cedar, Giza and Pitango and it has recently laid off most of its employees in Israel. See coverage of iamba’s latest round in …
Continue reading “Pitango, Giza and Cedar Lose in this deal: Marvell Buys Iamba for $10 Million”
Israel is no doubt one of the leading countries in the weapon industry. These days, a young Israeli start up aims to supply sophisticated and futuristic weapons, but in a safer place, the gaming field. For the past 4 years, Invasion Interactive has worked on their first game, “Rising Eagle: a futuristic Infantry Warfare”, a …
Continue reading “War Games: Invasion Interactive’s Rising Eagle Plays in Israel”
I came across Saul Klein’s excellent presentation from the last Web 2.0 Expo in Berlin and thought I’d share it with you. The main takeaways: Situation is grim: startups have no money, no clients and an imaginary war The valley is experiencing doom and gloom But startups are tough, and some of the greatest companies …
Continue reading “A bit old but good: Thoughts on European Startups”
Finjan, a veteran in the Israeli software landscape that’s been around since 1996 has announced a $22 million sixth round led by HarbourVest, one of its first investors. Several other funds participated in the round including: Benchmark Capital, Israel Seed Partners, Benhamou Global Ventures (Eric Behamou’s VC fund), and Cisco. The company said it will …
Continue reading “Finjan Secure Web Gateway Solutions Raises $22 Million”
TheMarker reports that voice recognition startup PerSay has raised one million NIS from the Israeli government fund Teuza. The investment was made as part of a larger round of 2.4 million NIS (about $600,000) that includes current shareholders in Persay – Yehoshua (Shuki) Gleitman and the Shrem-Pudim fund. Persay has three products in the voice …
Continue reading “Persay Voice Recognition Biomteritcs Grabs 2.4 NIS from Teuza”
The Israeli startup Oree, developer of innovative LED lighting technologies, has announced that it has secured a $4 million venture loan from SVB (Silicon Valley Bank) and Kreos Capital. The company had previously raised a round of $7 million from Genesis Partners and Belgium’s GIMV. The proceeds of this round will be allocated to manufacturing …
Continue reading “Ultra Light LED Bulbs: Oree Raises $4 Million from SVB and Kreos”
The guys at Wishood.com would have wished for this story to end better. A year ago, this Israeli startup had every reason to be optimistic – They established a user generated content site around wish exchange, secured a seed investment from Dr. Yossi Vardi and other angels and created cute widgets that were positively reviewed …
10 links that are worth your click: 1) SEO: Google published a 22-page long pdf guide on SEO for beginners. There’s nothing new there if you are a pro, but since Google are the ones who control SEO on the web, you should probably print and read. 2) Design: Smash Magazine notes the design trends …
Continue reading “Bitesize Thursday: 10 Links on SEO, Design, Games, Policts and Fun”
A message for entrepreneurs who want to get rich quickly: Be patient! It’s been a whole year since we first covered Taboola. Back then, Evergreen Venture Partners put a million and a half dollars to fund what they believed would be a ‘Stumble Upon for Video’. After a bunch of rumors of a second round, …
Continue reading “Taboola Video Discovery Gets $4.5 Million From Evergreen and Angels”
Lock and load – that’s what five Israeli startups did this week announcing a total of $30 million from both Israeli and international funds. After almost a year and a half of no investments in Israeli startups, Ouriel Ohayon’s LGI Lab (a joint venture between Lightspeed Venture Partners and Gemini Israel Funds) announced an undisclosed …
