Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds
Vote on the top Israeli startups 2010 as suggested by members of the Israeli startup industry on Quora. Simply select your three top choices and leave your email to get notified of the results.
Face.com raises $3.4 million from Yandex for its face recognition technology. The space has become hot following the acquisition of Polar Rose by Apple for a rumoured $29 million.
TechAviv, the members-only meetup group for Israeli start ups, has concluded its starup competition the "TechAviv Peer Awards". The top spot was awarded to Israel's 5min.com,the leading online platform for how-to, instructional and knowledge videos, which was crowned as the most promising Israeli web start up in 2009. Colnect was a close runner up.
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