Kfar Saba-based cardiac monitoring clothing HealthWatch, raises $20 million from Chinese company Yiling, who will also market HealthWatch’s product in China.
By Israel Hayom Staff
Israeli startup HealthWatch Technologies, which develops cardiac monitoring garments, announced Monday a $20 million investment by Chinese company Yiling, which specializes in Chinese medicine and is now in the process of branching out into conventional medicine.
According to the financial daily Globes, the investment puts HealthWatch’s value at $65 million.
HealthWatch describes itself as “a pioneer in harnessing textile technology to produce fashionable, smart-digital garments with interwoven sensors unobtrusively measuring vital signs of hospital-grade quality.”
According to the agreement, $15 million of the investment will give Yiling a 23% stake in HealthWatch. Continue Reading »
In one of Israel’s most successful exits for a biomedical start-up, HeartWare Int’l, a U.S.-based medical device developer, acquires Valtech Cardio, a developer of heart valve repair & replacement technology.
By Hezi Sternlicht, Israel Hayom Staff & News Agencies
Israeli medical startup Valtech Cardio announced Wednesday that it had been acquired by global medical device developer HeartWare International. The deal is estimated at $920 million, making it one of the most successful exits for an Israeli biomedical company.
Valtech Cardio develops innovative surgical instruments – Screenshot: Valtech
Based in Or Yehuda, in central Israel, Valtech was founded in 2006 by Amir and Yossi Gross, and has 50 employees. Continue Reading »
Israel’s Ambassador to India, Daniel Carmon, expressed his country’s support in helping India become the next start-up nation.
On the occasion India’s 69th Independence Day on August 15, 2015, Prime Minister Narendra Modi launched the initiative “Start Up India, Start Up India”, aimed at encouraging individuals to start new ventures and businesses — not just in technology sector.
While Europe has been busy targeting Israeli researchers, artists and filmmakers in recent days, Asian countries like India, China and Japan are taking tangible steps strengthening its ties with Israel.
Last week Norwegian Film festival rejected an Israeli film dealing with disability on the grounds that it “did not deal with occupation” or “discrimination of Palestinians.” In Spain, a music festival barred the Jewish-American reggae star Matisyahu for refusing to comply with the demands of the organizers to publically denounce Israel and endorse the “Palestinian cause” — in keeping with the best traditions of Spanish Inquisition. Continue Reading »
Former PM Barak invests $1 million in Reporty, start-up company app to help emergency & rescue services quickly identify, locate & get to individuals in danger.
By Sagi Cohen and Itamar Eichner
Former prime minister Ehud Barak has invested $1 million in Reporty Homeland Security, an Israeli start-up involved in the development of a global platform for real-time reporting, the use of which could save lives. The Reporty system helps emergency and rescue services to quickly locate and get to individuals in distress.
The Reporty application
Reporty was founded in 2014 by CEO Amir Elichai, who teamed up with Pinchas Buchris, former director-general of the Defense Ministry and ex-commander of the Israel Defense Forces’ 8200 intelligence unit. Continue Reading »
Even a basic smartphone app from Israel, that basically does little to nothing, can amass $1 million in funding, despite the efforts of boycotters.
By Israel Today Staff
Global efforts to boycott Israel are failing, and nothing proves that more than the vast sums of investment dollars that are poured into the Israeli hi-tech industry.
Fully 11 percent of all global hi-tech investments every year go to Israel. That’s a huge figure considering Israel’s minuscule size.
And then there’s the regular multi-billion dollar acquisitions of Israeli start-ups and the fact that the world’s leading technology corporations all maintain significant research and development centers in the Jewish state. Continue Reading »
Israeli Mobile app Viber, allows free phone calls, text messaging and picture sharing from phone and computer.
Viber, the Israeli mobile application that allows users to make phone calls and send text messages for free, is in talks with a potential Chinese buyer for a deal that could be worth around $300 million.
The news comes some six months after Viber approached investment banking firm Goldman Sachs to help it find a buyer. Viber has a large user base in Southeast Asia, although the negotiations are said to be proceeding at a slow pace with the Chinese firm. Continue Reading »
Israeli start-up SPRESH came up with a new all-natural spray that can prevent fruit from turning brown for up to 24 hours.
A new Israeli start-up company has decided to tackle the age-old problem: how do you stop cut fruit from going bad quickly? SPRESH’s new all-natural spray does just that, preventing the deterioration of cut fruit’s taste, color and texture for up to 24 hours.
Screenshot from A video by the company shows how “Spreshed” apples hold up much better than grated apples over 4 hours
On the start-up’s Kickstarter campaign page, where the company is looking to build funds to expand their production, SPRESH founder Aviad Mozes writes he started the project to stop fruit discoloration after having to throw out left over browned fruit that his son wouldn’t eat. Continue Reading »
New Israeli start-up developed an app that turns any smartphone into a local phone, thus enabling travelers around world to pay inexpensive local rates without being surprised with pricey fees by their domestic wireless carriers when they get their phone bill.
By Associated Press
An Israeli startup is trying to combat a common fear for international travelers: getting socked with hundreds or thousands of dollars in unexpected roaming charges for using cellphones away from home.
Roaming Illustration – Photo: Reuters
Cell Buddy aims to turn any smartphone into a local one. Travelers can choose from an array of calling and data plans with carriers in dozens of countries. Continue Reading »