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 laid off most of its employees in Israel. See coverage of iamba’s latest round in …
Continue reading “Pitango, Giza and Cedar Lose in this deal: Marvell Buys Iamba for $10 Million”
It’s not very often that two Israeli venture funds complete closing for additional funds, but after all it shouldn’t surprise anyone. Israel has been ranked among the four most preferred global target markets for US venture capital funds and earmarked for high-quality deal flow, according to a global survey by accounting and consultancy firm Deloitte …
Continue reading “Signs of a tide: two Israeli venture funds raise capital”
Gamers listen up: 3DV Systems, a pioneer Israeli tech startup and world leader in 3D video imaging, has developed a revlutionary technology that could revolutionize the $30 billion gaming industry. It’s latest development is called ZCam™ – a low cost 3D camera for the PC with gesture recognition capability and unique video imaging technology. Zcam …
Continue reading “Breakthrough for gamers: no more joysticks thanks to 3Dv Systems”
Israel-based startup Optimal Test has raised $16 million in a second round of financing led by Evergreen Venture Partners as well as former investors – Carmel Ventures and Pitango. The round brings to $30 million the total VC funds raised by the company. Optimal Test develops a test suite for maximizing IC yields through managed …
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Tired of staring at a motionless movie player while waiting to watch videos online? Israeli startup SpeedBit, creator of the popular Download Accelerator, has found a way to innovate and leverage the exponential growth of videos online. Delivering high quality videos to fast to the end-user has become a real challenge even for the big …
ClearForest has developed text analysis solutions for business intelligence applications.Globes and Haaretz reported that Reuters Group has acquired Israeli text analysis technology developer ClearForest Ltd. for about $25 million. The companies announced the deal today, before trading began on Nasdaq.ClearForest was founded in 1998 by chairman and chief scientist Dr. Ronen Feldman and CTO Dr …
Continue reading “Reuters buys Israeli start-up ClearForest”
