Link-IT raises $5.3 Million from DFJ for Object Detection

Israeli start up Link-IT has raised $5.3 million in a round led by Draper Fisher Jurvetson and its Israeli counterpart- DFJ Tamir Fishman. According to a source in the Israeli media, the investment was made based on a valuation of…

Not a Virtual Exit: SportVU Sold to NewsCorp for $18 Million

The Stats Corporation, a joint venture between Rupert Murdock’s News Corp and the Associated Press has acquired Israeli start up SportVU for an undisclosed sum. TheMarker estimates the deal to be around  $15-18 million – a small but profitable exit…

Come2Play: Multi player games get social

Come2play wants to make multi-player games go social. The company offers a white label multi-player game API with a flavor both for site owners and game developers. Come2play was founded by 3 Israelis (Alon Barzilay, Erez Naveh and Yoav Zibin)…

Pitango, Giza and Cedar Lose in this deal: Marvell Buys Iamba for $10 Million

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…

War Games: Invasion Interactive’s Rising Eagle Plays in Israel

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,…

A bit old but good: Thoughts on European Startups

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…

Finjan Secure Web Gateway Solutions Raises $22 Million

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…

Persay Voice Recognition Biomteritcs Grabs 2.4 NIS from Teuza

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…

Ultra Light LED Bulbs: Oree Raises $4 Million from SVB and Kreos

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…

Vardi’s Wishood Enters Deadpool

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…