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Allot acquires IT security co Optenet for $38m

As reported in Globes: Allot Communications CEO: Optenet will help Allot become a leading player in the consumer SECaaS market. 30 months after its previous acquisition, leading broadband solutions provider Allot Communications Ltd. is going to the well again. The company, which had $132 million in cash as of the end of 2014, today announced […]

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Apple CEO Tim Cook Visits Israel To Inaugurate Company’s Second-Largest R&D Center

As reported in NoCamels: With 700-plus direct employees in Israel, the Herzliya R&D center is Apple’s second-largest in the world, Apple CEO Tim Cook told local staff on Thursday. And at a meeting with Israeli President Reuven Rivlin a day earlier, the two leaders discussed not just the fact of Israel’s emergence as an important […]

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Latest News Israel News

Microsoft buys digital pen co N-trig for $200m

As reported in Globes: The Kfar Saba based company has been in financial difficulties. Microsoft Corporation is buying Israeli digital pen company N-trig. The company has developed a chip for a digital pen and computer screen interface. No financial details about the acquisition have been disclosed but market sources believe that Microsoft will pay $200 […]

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Latest News Israel News

Australia’s PhytoTech Medical signs deal with Hebrew University

Australia-based PhytoTech Medical has signed an exclusive licensing and collaboration agreement with Yissum, the technology-transfer company of the Hebrew University of Jerusalem, to develop, manufacture and market a novel delivery system to enhance the bioavailability of cannabidiol (CBD) and/or THC, the active ingredients in cannabis, for the treatment of a variety of medical indications. The novel […]

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Samsung invested in 8 Israeli start-ups in 2014

As reported in Globes: Samsung Electronics President: Israel is second only to Silicon Valley in total Samsung investment. Samsung has become a massive investor in Israeli start-ups over the past year. Samsung Electronics President and Chief Strategy Officer Young Sohn said that the South Korean electronics giant invested in eight Israeli companies in 2014. “We […]

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Latest News Israel News

Content recommendation co Taboola raises $117m

As reported in Globes: The funds will be used to build development in Israel, expand in France, Japan and Italy, and further personalize the service. Content recommendation platform company Taboola Inc. announced today that it has completed a huge $117 million financing round, led by Fidelity Management and Research Company. Existing investors Marker LLC and […]

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Israel – Start App Nation

  We are pleased to present Start App Nation, Israel’s B2B platform which consists of a selection of unique and innovative applications created by Israeli developers. Click here to see the Start App interactive website These applications meet the interests and needs of corporations and individuals alike, and are in keeping with the latest trends […]

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Latest News Israel

Israeli wine exports rose 10% in 2014

Israeli-made wine sales reached $220 million last year, of which $40 million was in exports. 2014 was another good year for Israel’s wine industry, according to figures published today by the Israel Export and International Cooperation Institute. Exports of wine and spirits rose 10% last year to $40 million. The figures were announced today at […]

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Over $900 Million in One Week

As reported in Israel21C: Israeli startups raised $910 million through acquisitions and funding rounds in a seven-day period in January 2015. Acquisitions and funding rounds are de rigueur for the Israeli startup arena but even veterans and VC experts were astounded to see blue-and-white tech ring up over $900 million in a seven-day spread last week. […]

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Latest News Israel News

Amazon acquires Annapurna Labs for $350m

As reported in Globes: The Yokne’am-based company, Amazon’s first Israeli acquisition, is building an innovative semiconductor platform. Amazon is acquiring Israeli company Annapurna Labs. The online trading company has confirmed the acquisition of the Yokne’am-based semiconductor company this evening. No financial details were disclosed but sources believe the acquisition is for about $350 million. Very […]