Norwest Venture Partners has raised a $1.2 billion fund, NVP XI, following on from the $650 million NVP X Fund which it raised in 2006
Data protection software startup Axxana has secured a $9 million Series B investment led by Carmel Ventures. The investment proceeds will be used to help accelerate greater adoption of Axxana’s Phoenix System.
Tel Aviv-based The Box epitomizes the new breed of content creators that are redefining how people consume content and engage with brands.
Rest.co.il, Israel’s leading restaurant site, recently announced the introduction of a virtual tour creation solution for restaurant owners. Virtual tours, commonly used by real estate agents to showcase properties online, are essentially 3D photos which allow end-users to explore real-world locations via a web browser in an immersive fashion. The virtual tour functionality, which will …
nly 30 Israeli firms remain listed on the exchange today, down from 50 at the peak. The de-listing phenomenon is not limited to Israeli firms, however, with a total of 239 companies being de-listed in so far in 2009.
A more recent entrant is MoodBase, a Hod Hasharon-based startup which helps users discover more relevant content based not on user history or the social graph, but on sentiment.
One example of a rapidly-growing open source eCommerce platform solution is Magento Commerce, which is developed by L.A.-based Varien.
I recently spoke with Barak Ben-Ezer, Director of Business Development at LibraFestival (formerly ApParty), a Tel Aviv-based mobile application development company. LibraFestival is the company behind the hugely successful iFog app – the app has been purchased from Apple’s App Store more than 200,000 times for $0.99 – and a series of others, including iLoogie, …
Palo Alto-based kaChing, the investing talent marketplace, is poised to become a key agent for disruption of the managed funds industry through its service which democratizes access to investing talent.
The most obvious impact on the export-dependent sector was the incidence of widespread layoffs and massive declines in venture capital investment. While some analysts warn of the risks of a “double-dip” recession in the US, Israel’s principal export partner, others point to green shoots signaling the promise of recovery.
