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  • mayay 5:59 pm on September 15, 2014 Permalink
    Tags: david wiernik, igo, , kobi halpern, nfusion, nng, nng automotive, nng navigation,   

    NNG To Acquire American Company nfusion For Approx. $10M 

    igoSeptember 15, 2014 | iGO navigation technology, owned by automotive technology firm NNG, will acquire the American company nfusion for approximately $10 million. NNG, owned by Israelis David Wiernik and Kobi Halpern, is acquiring nfusion due to its specialization in developing prototypes for interfacing people and machines. While the value of the acquisition was not published, most estimates are that the company will be acquired for about $10 million, according to “Calcalist.” NNG is a company that works out of Budapest, Hungary, employing approximately 700 workers as well as service and sales centers in the United States and Japan. NNG launched its first international product in 2006.

  • mayay 5:47 pm on September 15, 2014 Permalink
    Tags: fitterli, intel business challenge europe, intel global challenge, intel startups, intel vc, israel intel, , , try clothes on online   

    Israeli Startup Fitterli The Winner Of Intel Business Challenge Europe 2014 

    fitterliSeptember 15, 2014 | The young Israeli startup Fitterli, a service that provides an online virtual changing room for shoppers, is the winner of the Intel Business Challenge Europe 2014. The Israeli team beat teams from 12 European countries. The winning teams of the various Intel Business Challenges will be presented with the opportunity to attend the final Intel Global Challenge 2014 at the University of California later in the year. Three Israeli startups made it to the final phase, Augmedics and Pzartech, but Fitterli’s unique method of online clothes shopping won over the judges. Fitterli is run by the four man team that includes CEO Daniel Mankowitz, CTO Aaron Wetzler, CSO Matan Sela and COO Sebastian Derhy.

  • mayay 5:39 pm on September 15, 2014 Permalink
    Tags: algatech, , , arava companies, grovepoint, , , kibbutz ketura, natural astaxanthin   

    AlgaTechnologies To Invest $16M In Production Of Natural Astaxanthin 

    AlgaTechnologies Sells Controlling Share At A Company Value Of $50MSeptember 15, 2014 | AlgaTechnologies, an Israeli company engineering special species of micro-algae at Kibbutz Ketura in the Arava, announced that it will invest NIS 60 million ($16 million) in order to double the production of natural astaxanthin. The company’s products are used by the cosmetics industry as biological ingredients in a number of beauty products, as well as in supplemental vitamins. AlgaeTechnologies is controlled by Grovepoint, based in Britain, that bought that company in February 2013. According to the company, the investment will take place over three stages throughout 2014-2015. The natural astaxanthin that AlgaTechnologies produces is one of the world’s strongest antioxidants available, with the company exporting the material to more than 30 countries. AlgaTechnologies was founded in 1998 and its product is called AstaPure.

  • mayay 5:27 pm on September 15, 2014 Permalink
    Tags: , indiegogo israel, indiegogo israel projects, , liz wald, oren simanian, slava rubin,   

    Indiegogo Will Open Office In Israel To Manage Local Projects 

    indiegogoSeptember 15, 2014 | The international crowdfunding website Indiegogo has announced that it will open an office in Israel to promote the Israeli projects on its website. Last year when Indiegogo CEO Slava Rubin visited the DLD Tel Aviv conference, rumors began to circuit that the crowdfunding giant was planning on opening an office in Israel, and this year VP of international marketing for the company, Liz Wald, will be attending the conference. Indiegogo Israel will be headed by the company’s Israeli representative Oren Simanian. Crowdfunding is the act of donating money to a cause, project or company in order to fulfill one of their goals, with the donors receiving the finish product in return. Indiegogo is just one of many crowdfunding sites out there, and it happens to be one of the most popular.

  • mayay 5:18 pm on September 15, 2014 Permalink
    Tags: cordinus vascular robotics, Cowen and Stifel, , , medical robotics, Nicolaus & Company, remote heart surgery robotics, wall street otc   

    Cordinus Vascular Robotics To Raise $26.6M 

    Corindus - News Flash - IsraelSeptember 15, 2014 | Cordinus Vascular Robotics, a remote heart surgery company, has agreed to sell 10,666,570 in a private placement on Wall Street’s OTC (over-the-counter). The purchase price for each share will be $2.50, resulting in aggregate gross proceeds of $26.6 million. Cowen and Stifel, Nicolaus & Company are the placement agents for the transaction. Cordinus Vascular Robotics was founded in 2000 as Navicath by Prof. Rafael Beyar, the general director of Rambam Medical Center in Haifa. The company mainly operates out of the United States in Massachusetts, but does retain some of its operations in Israel.

  • mayay 4:59 pm on September 15, 2014 Permalink
    Tags: elbit imaging, elbit medical, , , , israel china buisness, israel china innovation, , ultrasound cancer treatments   

    InSightec Receives $12.5M From Chinese Investors 

    InsightechLogoSeptember 15, 2014 | Elbit Imaging announced that it received a $12.5 million investment from a Chinese investment group. According to the company, the money is to be directed at Elbit Imaging’s company InSightec, a company treating cancer and other diseases using focused ultrasound therapy to destroy issue in a non-invasive procedure. The Chinese investment group includes Shanghai GEOC, Hengtong Investment Limited Partnership, and Fortune China. Elbit Imaging owns 37.6 percent of InSightec and recently the latter company received a $37.5 million investment from the York Fund, the largest shareholder in Elbit Imaging. Elbit Imaging founded Elbit Medical to allow its medical companies to be combined into a single company, InSightec and Gamida Cell.

  • mayay 4:39 pm on September 15, 2014 Permalink
    Tags: Antin Infrastructure Partners, , energy industry, israel britain business, roadchef, uk service areas, yitzhak tshuva   

    Delek Group Sells Shares In Roadchef For £153M 

    delekgroupSeptember 15, 2014 | Delek Group, controlled by Yitzhak Tshuva, announced that it will sell its entire stake in British company Roadchef, which runs 28 service areas on UK roadways. Delek Group’s stake in Roadchef will be sold to Antin Infrastructure Partners, a European infrastructures fund for 153 million pounds, cash ($248 million), in a deal that is set to close by the end of the month. Delek Group bought 75 percent of Roadchef four years ago from Delek Real Estate at a price of 115 million pounds. According to Delek Group CEO Asaf Bartfield, “The sale of Roadchef continues Delek Group’s strategy of focusing on its energy business.” Delek Group is one of Israel’s largest companies in the energy and infrastructure sectors.

  • mayay 4:21 pm on September 15, 2014 Permalink
    Tags: google lunar x-prize, israeli space team, space communications, space micro, , yanke margalit   

    SpaceIL and Space Micro Partner Up For Ship’s Coms Systems 

    SpaceIL Receives $16.4M Donation To Put Israeli Craft On The MoonSeptember 15, 2014 | SpaceIL, Israel’s Google Lunar X-Prize team aiming to send a small spaceship to the Moon, announced that the communications system is now under way, due to a new partnership. SpaceIL and Space Micro, a space microelectronics, communications and computing company, announced that they will be joining forces to produce a space-grade S-Band Transponder. The mission transponder will be a tailor-made, mission critical communications device that will enable SpaceIL to communicate with its spacecraft while on its way to the Moon and once it touches down on the lunar surface.

  • mayay 4:08 pm on September 15, 2014 Permalink
    Tags: , maveze, tal florentin, , user experience, user experience awards 2014, ux vision, uxawards people's choice   

    Israeli Tal Florentin Wins People’s Choice At UXAwards 

    UX-Awards-300x57September 15, 2014 | At this year’s User Experience Awards (UXAwards) in San Fransisco, Israeli Tal Florentin, CEO of UX Vision, was voted the People’s Choice winner. This year, 125 projects were chosen to participate in the awards ceremony, including those from Google, eBay, Priceline and many more companies. The judges were designers and members of management at large, industry-shaping companies like Facebook, Uber and Amazon. Tal Florentin, an expert in user experience and one of the pioneers of the field in Israel, designed and programmed the site for which he won the People’s Choice award at the 2014 UXAwards. Florentin is the CEO of UX Vision, a company defining and designing user experiences for over 120 systems, products, applications and websites, including Microsoft and the Israeli Police.

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