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  • mayay 2:33 pm on September 18, 2014 Permalink
    Tags: content monetization, , , , pheed, social photos and videos, social platforms,   

    Mobli Acquires Social Content Monetization Platform Pheed 

    Mobli Announces $60M Financing RoundSeptember 18, 2014 | The Israeli mobile social video and photo sharing platform mobli announced that it acquired Pheed in a cash and stock deal. While the details of the transaction were not disclosed, sources close to the deal estimate that mobli will pay between $10-$20 million for Pheed. Mobli commented that it plans to invest $10 million in remaking Pheed, a mobile social network with five million users pioneering the sector of content monetization, but that it will remain a stand-alone platform. Mobli was founded in 2007 by CEO Moshe Hogeg and currently employs 70 at its headquarters in Israel.

     
  • mayay 1:25 pm on September 18, 2014 Permalink
    Tags: cloud-based solutions for engineers, grabCAD, , , , stratasys 3d printing, stratasys acquisitions,   

    Stratasys Acquires US-Based GrabCAD For Undisclosed Amount 

    Stratasys Acquires Solid Concepts And Harvest TechnologiesSeptember 18, 2014 | The 3D printing solutions developer Stratasys will acquire the US company GrabCAD in an all-cash transaction. While the terms of the deal were not disclosed, including the acquisition amount, the transaction will most likely be completed by the end of September. As part of the transaction, GrabCAD will operate within Stratasys’s Global Products and Technology Group, with company CEO and co-founder Hardi Meybaum continuing to lead GrabCAD within the group. GrabCAD was founded in 2010 and supplies 3D CAD cloud collaboration tools to help engineers complete projects faster. The acquisition will allow Stratasys to provide its customers with collaboration tools and increased accessibility to 3D CAD content. Stratasys was founded in 1989 by S. Scott Crump, merging with Rehovot-based 3D printer producing company Objet in 2012.

     
  • mayay 1:12 pm on September 18, 2014 Permalink
    Tags: belt parkinson's treatment, , israel biotech companies ipo, , israeli companies nasdaq ipo, , , neuroderm parkinson's treatment   

    NeuroDerm Files For $65M NASDAQ IPO 

    Neuroderm Raising $5M For Transdermal Drug Delivery System TrialSeptember 18, 2014 | The Israeli Parkinson’s drug developer NeuroDerm has filed a prospectus to raise up to $65 million in a NASDAQ IPO, at a company value of $200 million, after money. The company, which develops treatments for Parkinson’s disease currently undergoing clinical trials, filed the IPO prospectus confidentially this past April. NeuroDerm’s main shareholders are Capital Point, Chairman and Omrix Biotechnology founder Robert Taub and board members Uwe Wascher and Shmuel Cabilly. Jefferies and Cowen & Company are the joint bookrunners for the deal, with the company trading under the ticker symbol NDRM. NeuroDerm was founded in 2003 and has developed two treatments for Parkinson’s disease currently undergoing clinical trials, including a wearable ‘belt’ treatment for the continued administration of the treatment drug Levodopa.

     
  • mayay 1:01 pm on September 18, 2014 Permalink
    Tags: chief scientist of israel, cloud-based cyber security solutions, israel cyber security companies, , sentrix cyber security, sentrix web protection,   

    Cyber Security Company Sentrix Raises $6M 

    sentrixSeptember 18, 2014 | The web protection company Sentrix announced that it raised $6 million in funding from Magma Venture Partners, Cedar Fund, the Chief Scientist of Israel and board members. The company plans to use the funds to redefine its website security to better protect its client websites against rapidly evolving Internet threats and to open an office in Boston, Massachusetts. Sentrix provides cloud-based, content-aware security solutions to websites, protecting them against data breaches and known and unknown cyber attacks. The company’s technology is considered breakthrough in that it is able to protect against known and unknown attacks as well as reducing the complexity and the amount of time its takes to identify a threat. Sentrix was founded by cyber security experts Israel Barak and CTO Nimrod Luria.

     
  • 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.

     
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