Ben Gurion once said: “In Israel, in order to be a realist you must believe in miracles”. Boy was he right. Ehud Olmert’s entanglement in what seems to be a deep bribery case, is the sixth investigation opened against Israel’s prime minister since 2006. Opponents of the Kadima party are demanding Olmert’s resignation, which might …
Continue reading “Bitesize Monday: 5 Israeli Companies Get Cash Injections”
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 replace DSL. I admittedly don’t know too much about this technology, so I did some …
Continue reading “Investors Believe In Iamba Networks, Add $7 Million Investment”
Following the successful exit of grid storage company XIV, Network Appliance (NASDAQ:NTAP) announced the acquisition of Israel/Boston based Onaro, a private company co-founded in 2002 by four Israelis, veterans of Israeli military intelligence: Roy Alon (VP of development and customer service), Assaf Levy (CTO and VP of business development), Dr. Raphael Yahalom (Chief scientist) and …
