Avatar Creator Gizmoz Merges with Daz 3D

News just broke that veteran Israeli start up Gizmoz, creator of 3D head avatars has merged with Utah-based Daz 3D, an avatar creation service offering virtual 3D bodies. Existing investors Benchmark Capital, Highway 12 Ventures, and Columbia Capital, put in an additional $5.3 million into the new merged company.

CloudShare Raises $10 Million, Goes out of Stealth

CloudShare, an Israeli start up previously known as IT Structures, has reported a series B of $10 million led by its existing investors Sequoia Capital and Gemini Israel Funds as well as new investor Charles River Ventures. This ‘Up Round’…