As reported on Globes Shai Agassi’s electric car venture Better Place LLC has raised $200 million in its third financing round in the US from a consortium of investors and partners, nearly doubling the company’s valuation to $2.25 billion (after money). The launch of the first nationwide electric car networks in Israel and Denmark is […]
Hadasit, the Technology Transfer Company of Hadassah Medical Organization, has launched Ways, an incubator for joint Jewish-Arab biomed ventures in the Galilee. In addition to an initial 7.5 million shekel investment by Hadasit, several million dollars have been pledged to Ways from social organizations as well. Ways will invest $500,000 in 12 projects each, which […]
The Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation, approved $8.1 million of funding for nine new projects between Israeli and American companies. The approved projects involve innovations in the areas of life sciences, healthcare IT, electronics, software and energy. In addition to the grants from BIRD, the projects will access private sector funding, boosting […]
Israel Corporation unit Cerro del Aguila SA has agreed to build a 510-megawatt hydroelectric power station in Peru at an investment of $680 million. The Cerro del Aguila power station, located in Tayacaja Province in central Peru, in March signed a 15-year power purchase agreement with Peru’s government-owned electricity company, which will come into effect […]
“We are delighted to welcome the BigBand employees to ARRIS.” – Bob Stanzione, ARRIS Chairman & CEO. Communications-equipment maker Arris Group Inc. is acquiring digital-video networking company BigBand Networks Inc. for about $158.1 million in cash. BigBand Networks, which has more than 200 customers in North America, Asia and Europe, provides broadband service providers with […]
As reported in Israel21c: As a Toyota sedan approaches a busy airport, an Israeli-developed vehicle identity recognition (VIR) system instantly gives security personnel a summary of the car’s make and model, the country or state that issued the license plate and the holder of the plate. Much more than simply tracking users at this sensitive […]
As reported in IVC: InVision develops human movement recognition technology. Intel Corporation (Nasdaq: INTC) is in advanced talks to buy InVision Biometrics Ltd. for $50-60 million. Intel is looking to acquire applications which provide hands-free 3D sensors. InVision has raised $2 million since its founding. If the company is acquired, this will have been an […]
As reported in Globes: Blog content rating and recommendation company Outbrain Ltd. was today named the promising start-up for 2011 at the “Globes” and Ernst & Young Journey 2011 Conference in Tel Aviv today. Conduit Ltd. is the runner-up. Outbrain CEO Yaron Galai and CTO Ori Lahav founded the company in 2006. It has raised […]
As reported in Israel 21C: A new culture of chocolate has emerged in Israel, with the opening of dozens of new boutique chocolatiers. Now their fine, handcrafted creations are being sold abroad too. The brown smudges on Sima Amsalem’s forearms exude a chocolaty aroma as she extends a hand of greeting at her Sweet N’ […]
As reported in Israel 21C: An Israeli hybrid water-heating system shaves thousands of dollars a year off heating costs at big facilities, and vastly improves efficiency. Heat pumps, more common in moderate climates than extreme ones, have been around for about 60 years. They create a greener heating system and work by using a small […]
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