Oracle acquires Israel-based Convergin, developer of a real-time service brokering applications for the telecom industry. Convergin has raised around $10 million in VC funding from Pitango Venture Capital and Rich Investment in November 2008.
Pageonce, an Israeli start up developing mobile and web virtual assistant applications, announced that it has raised $6.5 million in Series A.
Both FixYa and SupportSpace have demonstrated that there is significant consumer demand for online technical support services by taking very different approaches. While FixYa provides free access to a large repository of valuable troubleshooting insights, in addition to expert services, SupportSpace connects consumers with certified experts that resolve technical problems on web-connected devices.
US semiconductor manufacturer Broadcom (NSDQ: BRCM) bought Dune Networks, developer of Data Center Networking Equipment for a reported $178 million in cash.
WinBuyer, a Tel Aviv-headquartered e-commerce technology solutions provider, is on a mission to change the way online retailers think about price comparisons.
Pitango, one of Israel’s largest venture capital funds with $1.3 Billion in assets under management, plans to team up with a Shenzhen Capital Group to launch a $100 to $200 million fund with a focus on Chinese start ups.
YCD Platform, the company’s flagship product offers a web platform for retailers to control the display of ads, promotional messages, audio and video playlists to various locations simultaneously.
Despite the exit drought, more Israeli start ups have reported to recieve venture rounds from the last 60 days. You’ll notice the common thread: lots of private investor involvement and almost always participation of the previous investors as well. My6sense – completed a $2 million round from private investors including Eric Benhamou, Eyal Waldman, Nachman …
Continue reading “Sell High, Buy Low: Israeli Start Ups Get Funded”
TechCrunch reports that Fring, the Israeli start up developing VOIP and chat applications, has raised a C round from its current investors, who have already poured $13 million to date. Backers include: North Bridge Venture Partners, Pitango Venture Capital, Veritas Venture Partners and VenFin Limited. Only a week ago,we posted on Fring’s iPhone app for mobile …
Continue reading “Israel’s Fring Raises C Round From Current Investors”
The Israeli venture capital industry has experienced a $250 million decline in the past few months. Israeli venture capital funds have struggled to raise the target capital and the impact is likely to be felt on emerging technology companies in Israel.
