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.
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…
VMware (NYSE: VMW), the leading developer of virtualization solutions, has announced the acquisition of Israeli start-up B-hive Networks for an undisclosed sum. Industry experts estimate the price range at tens of millions. Following the merger in Q3 of 2008, VMWare…
On May 19-20, Globes, DEMO and Red Herring will be holding a startup competition at the Israel Venture Association (IVA) conference. Each startup will have six minutes to present and the winner will receive automatic entry as a finalist at…
Iamba networks has secured a $7 million round from previous investors Pitango Venture Capital, Cedar Fund, Giza Venture Fund and UK-based Kreos Capital. The company develops chips for telecommunications, specifically Gigabit Passive Optical Networking (GPON), a technology that aims to…
Pitango, Israel’s largest VC injected $12 million into Worklight, the enterprise 2.0 Israeli startup. Pitango was joined by previous investors Genesis Partners, Index Ventures and Shlomo Kramer, a world renowned security expert and Imperva CEO. Worklight develops and markets a…
Since I started following the Israeli market in 2005, it’s not often that I’ve seen so many Israeli startups raise money in such a short period of time. Capital raising is seen across the board in Telecommunications, Cleantech, Internet, Consumer…
Globes reports that Genesis partners is getting ready to raise a fourth fund of $150 million in addition to its $518 million under management. I wonder how the timing will affect their level of success. There’s a saying in Heberew:…
Another Israel/California based startup makes the headlines: Fixya, a site dedicated to help customers troubleshoot electronic devices, has just announced a series B funding of $6 million led by Mayfield Fund, and Pitango Venture Capital. FixYa is a user generated…
Not only Microsoft is buying up Israeli start-ups. Brazilian optical network solutions giant Padtec has paid $30-40 million for Civcom, an Israeli pioneer in the development and manufacturing of cost saving optical solutions for communications, test and measurement, and military…
