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  • mayay 1:02 pm on July 31, 2014 Permalink
    Tags: , , fimi opportunity fund, israel, ki corporation, magal security systems, physical security, , , ,   

    FIMI Opportunity Fund Acquires 40 Percent Of Magal Security Systems Shares 

    magal_security_sytsems_logoJuly 31, 2014 | Magal Security Systems, a solutions provider for physical and cyber security, announced that FIMI Opportunity Fund, the leading private equity fund in Israel, will by 40 percent of the company’s shares from Ki Corporation. FIMI will purchase the shares from the Ki Corporation at a price of $3.50 per share, as well as paying certain additions according to conditions, making FIMI the largest shareholder of Magal. Chairman of Magal Barry Stiefel commented on the acquisition: “FIMI’s investment represents a vote of confidence in Magal by one of the leading private equity funds in the world. We welcome FIMI as Magal’s controlling shareholder and look forward to leveraging FIMI’s expertise and experience in growing the business.” FIMI is Israel’s leading private equity fund with over $2 billion in invested capital. Magal has been around for over 42 years, providing physical and cyber security solutions to companies, governments and private entities in over 80 countries.

  • mayay 1:42 pm on July 30, 2014 Permalink
    Tags: cloud-based solutions, , diabetes management, , , israel, italy, labstyle, ministry of health, new zealand, smarthpones, ,   

    LabStyle’s Dario Nabs Ministry Of Health Approval In Israel 

    LabStyle Innovations Raise $4.19M In Private PlacementJuly 30, 2014 | Israeli company LabStyle received approval from Israel’s Ministry of Health for its Dario smart meter for diabetes. Dario was launched in late March of this year in the United Kingdom, Italy and New Zealand and has already filed an application for US Food & Drug Administration approval. According to LabStyle, the company hopes to expand the marketing of Dario to six more territories by the end of 2014. LabStyle’s Dario is a cloud-based diabetes management solution, allowing diabetics to monitor their blood sugar and other aspects of the disease from their mobile devices or smartphones.

  • mayay 12:42 pm on July 30, 2014 Permalink
    Tags: , aoi, automatic optical inspection, , , financial quarter, israel, , , share price, , ,   

    Camtek’s Share Price Up 24.7 Percent In Light of Q/2 Results 

    Camtek Receives $4M In OrdersJuly 30, 2014 | After announcing the completion of its 3D printer product and its second financial quarter results, the share price of Camtek’s stocks rose sharply, up 24.7 percent. Camtek’s share price on NASDAQ was up to $4.28 a share, giving a market cap of $130.3 million, after the company’s stocks rose sharply on the Tel Aviv Stock Exchange (TASE). According to Camtek CEO and Chairman Rafi Amit, “”Our existing business continues to show solid performance, and overall Camtek is on track for a good year. In the third quarter, we expect revenues to remain around the same level as that of the second quarter.” Camtek’s second quarter revenue was $23.2 million, up from $22.3 million in the second quarter of 2013. Camtek develops, manufactures, markets and supports automatic optical inspection systems and has offices in Israel and Hong Kong.

  • mayay 1:00 pm on July 27, 2014 Permalink
    Tags: $5million, , , brazilian ministry of health, , israel, , therapeutics   

    BrainStorm Cell Therapeutics To Receive $5M From Brazilian Health Ministry 

    BrainStorm Receives $800,000 Grant From Chief ScientistJuly 27, 2014 | The Israeli company BrainStorm Cell Therapeutics is expected to receive a $5 million grant from the Brazilian Ministry of Health. The funds will go towards conducting trials on its product in conjunction with the University of Sao Paolo, according to “Globes.” The company has yet to respond to the reports, which are not yet official. BrainStorm Cell Therapeutics specializes in developing stem cell therapies for the treatment of neurodegenerative diseases such as ALS (Lou Gehrig’s disease), multiple sclerosis, and Parkinson’s disease.

  • mayay 12:41 pm on July 23, 2014 Permalink
    Tags: , former new york governor eliot spitzer, , israel, john nakamura, , roni michaely, round a, stock analysts, , ,   

    TipRanks Stock Analyst Ranking Service Raises $3M 

    TipRanks Wins Best Of Show At Finovate New YorkJuly 23, 2014 | TipRanks, a stock analyst ranking company, closed Round A funding after raising $3 million. The investors in the company include former New York State Governor Eliot Spitzer, Cornell professor Roni Michaely and angel investor John Nakamura, among others. TipRanks ranks over 6,500 stock analysts and bloggers according to their rate of success with financial advice, average returns and consistency. The company employs machine learning techniques and natural language processing algorithms to scan the Internet and measure the performance of anyone who gives investment advice online. TipRanks was founded in 2012 by CEO Uri Gruenbaum and CTO Gilad Gad with $700,000 in seed money after realizing that there are not enough public information for investors on the track records of advisers and experts who provide financial advice online.

  • mayay 12:37 pm on July 22, 2014 Permalink
    Tags: asian expansion, , cloud-based software development, , israel, SAIF partners, , supersonic software, , ,   

    SuperSonic Software Raises $15M To Begin Asian Expansion 

    supersonicJuly 22, 2014 | SuperSonic Software announced the close of its second round of funding at $15 million. The top investor in this round is one of China’s largest venture capital firms, SAIF Partners, as well as Greylock, bringing total investment in the company to $23.2 million since the company was founded in 2009. SuperSonic’s main product is a cloud-based software development kit enabling mobile application developers to include advanced features like streaming interactive advertisements in their applications. As SuperSonic CEO and co-founder Gil Shoham told VentureBeat, “We have identified several interesting opportunities that … will significantly improve user acquisition effectiveness and ROI.”

  • mayay 1:05 pm on July 17, 2014 Permalink
    Tags: 360, employees, , ireland, israel, ,   

    Intel Announces The Transfer Of 360 Israel Employees To Ireland 

    intel-logoJuly 17, 2014 | Intel announced that it will transfer 360 of its employees in Israel to Ireland for the period of 12-24 months. According to a “Globes” report, Intel originally planned to send only 60 Israelis to help the beginning of operations at the Dublin plant. The Israeli employees will relocated to Dublin together with their families. Intel is one of the pioneers in the Israeli high-tech sector, training future engineers and significantly contributing to the local Israeli economy.

  • mayay 5:39 pm on July 15, 2014 Permalink
    Tags: , equity, , israel, jon medved, , , , ,   

    OurCrowd Raises $60M In Equity For 46 Companies In 16 Months 

    OurCrowd Raises $25M In Series B FundingJuly 15, 2014 | OurCrowd, the Israeli venture capital crowdfunding platform, announced that it has raised $60 million in equity for 46 companies since its founding. Twenty of those companies raised more than $1 million each in investments, and four companies raised well over $3 million using the OurCrowd platform. OurCrowd’s roster of supported companies includes ReWalk, Consumer Physics (the creators of SCiO), BioCatch and Abe’s Market. CEO of OurCrowd Jon Medved stated, “We are proud to have raised these amounts in just 16 months since launching. These numbers demonstrate that our model works and can be effectively used for major funding rounds. The fact that OurCrowd has deployed more money for our companies than our Silicon Valley competitors proves that we are indeed at the forefront of equity crowdfunding innovation.” OurCrowd is a hybrid VC-equity crowdfunding platform for accredited investors who wish to invest in Israel and global early stage companies.

  • mayay 2:47 pm on July 15, 2014 Permalink
    Tags: , , , israel, , networks, , ,   

    Aorato Identifies ‘Highly Sensitive’ Security Flaw In Microsoft’s Active Directory 

    Cyber Security Startup Aorato Emerges from Stealth Mode And Announces $10M In FundingJuly 15, 2014 | Israeli cyber security firm Aorato announced the discovery of a critical design flaw in Microsoft’s Active Directory. The Microsoft software is widely used to provide network access, but the company asserts that the design flaw is known and that there are defenses in place to prevent identity fraud. Aorato discovered that passwords could potentially be changed by hackers due to bugs in Active Directory. “The dire consequences we are discussing–that an attacker can change the password–was definitely not known,” stated Tal Be’ery, Vice President of Research at Aorato. In addition, Aorato noted that about 95 percent of Fortune 500 companies use Active Directory making the problem “highly sensitive.” Aorato is an Israeli company specializing in Microsoft technologies with intimate knowledge of Active Directory from a cyber security perspective.

  • mayay 12:49 pm on July 15, 2014 Permalink
    Tags: animation, israel, lux partners, ohad rozen, , , , toonimo, web cartoon character,   

    Toonimo Web Cartoon Character Creator Raises $2.5M 

    toonimoJuly 15, 2014 | Israeli company Toonimo announced that it raised $2.5 million in funding. Toonimo offers animation services to websites and companies that want to instruct their visitors using a cartoon character that can guide them through the site and answer questions. Companies can customize the cartoon character they want on their site, decide when they should appear on the site, and decide upon their script. The entire cartoon character is contained in one line of code provided by Toonimo to its clients. The funding round was led by Tuvia Barak of Lux Partners. Toonimo was founded by CEO Ohad Rozen, the founder of Wilocity, which was recently acquired by Qualcomm, and CTO Dan Kotlicki.

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