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.
Israeli start up Profitect, creator of fraud detection and loss prevention software, announced a second financing round of $5.5 million led by Genesis Partners and Cedar Fund. Cedar was the main backer in the company's first round of $3 million back i
his week’s edition of The Economist, however, draws attention to the recent stellar performance of Israeli-Chinese venture firm Infinity in addressing the Chinese opportunity via its Infinity I-China fund.
Rapid growth in the casual gaming market has prompted a proliferation of online virtual worlds for kids which incorporate casual gaming elements.
08 Israeli high tech companies raised a total of $303 million in Q3, according to the latest report conducted by the IVC Research Center.
CopperGate, the Fabless Semiconductor start up founded in 2000, was sold to Sigma Designs for $160 million in stock and cash. While this is one of the largest exits in Israel in recent months, critics say that it is yet another example of why high-tech companies can't become large in Israel.
How Techcrunch posted old news and did not even bother to link to my original post, from three months back.
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