As reported in IVC Greylock Israel Partners today announced that it has closed a $160 million fund, Greylock Israel II, from which it will continue to invest in exceptional enterprise and consumer technology companies at all stages of development, from seed to early to growth, in Israel and Europe. As with previous Greylock funds, this […]
Category: Latest News Israel
As reported by Globes: Advanced Micro Devices Inc. (NYSE: AMD) today announced that it will set up an R&D center in Tel Aviv, based on heterogeneous computing and 3D graphics developer Graphic Remedy, which it acquired six months ago. According to IVC, the acquisition was made at a value of $5 million. AMD says that […]
As reported in Globes: Noble Energy Inc. (NYSE: NBL) president and CEO David Stover has delivered good news for Israel’s natural gas and oil sector. He told a UBS conference in the US, “It’s possible that over the next few years gas reserves in the Israel region will rise to 35-45 trillion cubic feet (TCF) […]
As reported in Globes: Notwithstanding political tensions between Israel and Turkey, Turkey rose to Israel’s third largest export market in the first quarter from ninth place in the corresponding quarter of 2010, the Israel Export and International Cooperation Institute reports today. Exports of goods (excluding diamonds) to Turkey totaled $500 million in the first quarter, […]
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JVP raising $70m fund
As reported in Globes: Jerusalem Venture Partners, run by founder and managing partner Erel Margalit, is raising a new $70 million fund. JVP today announced that it has already raised the first $50 million of the fund and that it is close to raising the remaining $20 million. The new fund, which it is calling […]
As reported in Globes: The Bank of Israel today raised its 2011 GDP and lowered its unemployment rate forecasts for Israel. It raised its GDP growth forecast to 5.2% from 4.5%, and it lowered its unemployment rate forecast to 5.8% – an all-time low. The Bank of Israel’s growth forecast is lower than the OECD […]
Israeli company Better Place was featured on the SBS program Dateline over the weekend. Click here to see the video from Dateline. Better Place aims to reduce global dependency on petroleum through the creation of a market-based transportation infrastructure that supports electric vehicles. Better Place is building its first electric vehicle network in Israel, and […]
That voice you hear when you call the phone company’s information line most likely does not belong to a person. It belongs to a computer, as do the voices giving us information and instructions on GPS devices, websites, toys and games, cell phones, remote controls and many other places. All use a technology called text-to-speech, […]
Israeli director Joseph Cedar won the best screenplay award at the Cannes Film Festival on Sunday for his film “Footnote.” “Footnote” tells the story of a rivalry between a father and a son who are both Talmudic scholars. Cedar’s previous film Beaufort was nominated for an Oscar in 2007 and won the Silver Bear Award […]
Limelight Networks Inc. acquired AcceloWeb Ltd., a provider of technology that helps speed the presentation of websites and applications, for about $20-30 million. AcceloWeb, which builds Internet scale software that improves end-user experiences on the Internet, is headquartered in Israel with US offices in Boston. Limelight Networks, Inc. is a provider of content delivery network […]
