Tag Archive for Israel start-up

Chinese invest $20 million in Israeli ‘smart clothing’ startup

 

view videoKfar 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 develops smart-digital garments with interwoven sensors measuring vital signs - Screenshot from HealthWatch website

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 »

US medical device developer buys Israeli start-up for $920 million

 

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

Israel trains India’s future leaders to make country next “Start Up Nation”

view videoIsrael’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.

Screenshot: NDTV

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 »

Ehud Barak backs Israeli life-saving start-up with $1M

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 »

Here’s an App for Your Pet Dog From Israel

From the ‘dog crazy’ Start-Up Nation, introducing a Tel Aviv start-up looking to make it big in one of the world’s most dog-friendly cities.

By Ari Soffer

 

Anyone who has spent any amount of time in Tel Aviv knows that Israel’s “Silicon Wadi” is dog-crazy.

DOGIZ founder Danny Djanogly with Mufasa – DOGIZ

Tel Aviv has around 80,000 dogs with over 60 dog parks – making it one of the most dog-friendly cities in the world. Unsurprisingly, it hasn’t taken the start-up nation very long to come up with an app to help urban dog owners manage all aspects of their dog’s life.

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Israel introduces a hand-held molecular scanner that analyzes chemical makeup

WATCH: New Israeli hand-held scanner lets consumers check the ingredients & chemical makeup of any product by just pointing the beam at the object.

 

A new Israeli high-tech development might just revolutionize the consumer experience.

The hand-held Scio molecular scanner. - Photo: Scio

The hand-held Scio molecular scanner. – Photo: Scio

The Scio, developed by Consumer Physics, is the world’s first molecular sensor that fits in the palm of a hand. Using it, a consumer can scan any product and get instant information about its full chemical make-up.

Consumer Physics CEO Dror Sharon says that the Scio will pave the way to intelligent consumerism. Using the sensor, consumers will be able to avoid unsafe ingredients in products and will no longer be dependent on the supplier’s word that a cheese is low fat, say.

Continue Reading »

High-tech entrepreneurs looking to invest in Israel crash into bureaucratic wall

WSJ reports: Businessmen complain how rigid visa policies inhibit tech companies’ endeavors to locate in Israel.

 

Foreign high-tech entrepreneurs are increasingly eager to take their business to Israel, but claim that Israel’s immigration rules stifle their intentions.

A view of Tel Aviv, August 2014.

A view of Tel Aviv, August 2014. – Photo: Dreamstime

According to a report by the Wall Street Journal, foreign entrepreneurs are practically unable to get work visas; as result, many have to leave the country every few months to renew their tourist visas and go through time-consuming security checks at the airport.

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Yo: 25 Israeli startups Forbes says are changing healthcare, media & finance industries

‘Innovation continues and a new crop of hot new Israeli tech startups are on their way up,’ says Forbes report.

By TheMarker

 

Forbes has listed 25 Israeli startups it says are changing industries. “Israel’s dynamic tech startup scene is no secret,” Forbes contributor Ilya Pozin writes.

“Innovation continues and a new crop of Israeli tech startups are on their way up, transforming healthcare, entertainment, finance, media and a myriad of other industries.”

Topping Pozin’s list is mobile printer developer Zuta Labs, which boasts a four-by-five-inch printer that will be available in January. Then comes open-source video platform developer Kaltura, and Yevvo, which bills itself as “the Twitter of live streaming,” Pozin writes.

Continue Reading »

Yo App Proves BDS & Anti-Israel Boycotts are Ineffective

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 tech company Viber sold to Japan’s Rakuten for $900 million

 

Israeli-founded Skype rival, video & chat platform Viber, is registered in Cyprus but was founded by Israelis & has development offices in Israel.

By JPOST.COM STAFF


 
Rakuten Inc. a large Japanese Internet services company, announced on Friday its acquisition of pioneering messaging and VoIP company, Viber. The pricetag: $900 million.

Viber logo

Following the sale, Rakuten’s Chairman and CEO, Hiroshi Mikitani said, “Viber understands how people actually want to engage and have built the only service that truly delivers on all fronts.”

Viber CEO Talmon Marco said  that Viber’s vision, “is to be the world’s number one communications platform and our combination with Rakuten is an important step in that direction.”

Viber, which is officially registered in Cyprus but was founded by Israelis and maintains a development center here, boasts 200 million users who use the program to make calls and send texts to other users using data or WiFi.

Continue Reading »

Viber, Israeli rival to Skype, negotiating $300m sale to Chinese buyer

Israeli Mobile app Viber, allows free phone calls, text messaging and picture sharing from phone and computer.

By and Reuters

 

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.

Viber logo

Viber logo

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 »

The ‘start-up nation’ has a growing movement of corporate philanthropy

 

Israeli corporate philanthropy experienced a nearly 7-fold jump between 1998 & 2008 — from about $25 million, to $172 million — according to the Hebrew University’s Center for the Study of Philanthropy.

 

 

TEL AVIV (JTA) — When the Israeli mobile maps start-up Waze accepted a buyout from Google for more than $1 billion in June, each of the company’s 100 employees walked away with an average of $1.2 million from the sale.

Children participating in an educational activity with JVP Community, a nonprofit founded by Israeli hi-tech entrepreneur Erel Margalit. (Courtesy photo)

Children participating in an educational activity with JVP Community, a nonprofit founded by the Israeli high-tech entrepreneur Erel Margalit. – Courtesy photo

An even bigger check, though, went to Baruch Lipner, a Canadian Israeli who hasn’t worked in the high-tech or finance industries for a decade.

Continue Reading »

New Israeli Start-Up Keeps Cut Fruit Looking Fresh

Israeli start-up SPRESH came up with a new all-natural spray that can prevent fruit from turning brown for up to 24 hours.

By Ari Yashar

 

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 »

Israeli start-up to eliminate expensive roaming charges

 

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 »

Galilee’s Bio-Agritech firm promises 25% added growth in crop yields

Kaiima Bio-Agritech, located just outside of Tiberius in Israel’s Galilee will sow its 1st commercial seeds within 3 years, boasting a potential 25% improvement in yields for wheat, rice & corn through a process known as genome doubling.

By Reuters

 

Kaiima Bio-Agritech, a Galilee-based enterprise that aims to boost global crop yields without the aid of genetic modification, says it will sow its first commercial seeds within three years.

A wheat farm.

A wheat farm. – Photo: Bloomberg

Based at Moshav Sarona near Tiberias, the seed technology firm says it has developed a way to greatly speed up the multiplication of the genome of crops – known as genome doubling – without changing their DNA or genetic fingerprint.

Continue Reading »