Israel
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500 Startups launches a short marketing ramp-up bootcamp for startups in Israel
500 Startups is launching a four-week program in Israel that targets pre-seed and seed companies as they get to the stage where they begin marketing their products. Airobotics scores authorization to fly autonomous drones in Israel
A startup based in Petah Tikva, Israel, Airobotics, has scored the right to fly drones autonomously for business purposes in Israel. The Civil Aviation Authority of Israel (CAAI) was the first in the world to authorize commercial, fully unmanned drone flights in their nation’s airspace. Read More
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Secret Double Octopus nabs $6M for a stronger, easier alternative to regular 2FA
Israel is home to around 450 active startups in the field of cybersecurity, according to a recent report in Reuters. Now, the one with perhaps the most distinctive name of them all is announcing some funding for a novel approach to authentication. Secret Double Octopus — which borrows a concept from the world of nuclear launch codes to build extra-secure, but simple, keyless… Read More
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Genesis Partners spins out $50 million fund, F2 Capital, to back early-stage startups in Israel
Three members of the senior investing team at Genesis Partners, a major Israeli venture firm, are stepping out with a new, early-stage fund of their own called F2 Capital. For the unfamiliar, Genesis Partners’ portfolio companies have been acquired by the likes of Apple, IBM, Microsoft and Sapiens over the past decade, and have gone public on the Nasdaq exchange in the U.S. as well.… Read More
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Zore X is a smart gun lock that raised almost $250K on Indiegogo
An unlocked gun can ruin more than one life. In fact, The Trace reports that toddlers shot an average of one person per week for the 2015 year, often injuring or killing themselves, because they were able to get on their hands on a gun. Zore, like many new products on the market, aims to change all that. Zore is a Jerusalem-based startup that has built a smart gun lock. Through a connection to… Read More
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Mobli launches Galaxia, a social network that encourages users to create numerous personas
Most social media platforms deter users from creating multiple profiles to prevent shenanigans like harassment and fraud. Galaxia, however, wants people to create a new profile (which it calls a “persona”) for each facet of their identity. Created by photo-sharing network Mobli, the new iOS app (an Android version is in the works) acknowledges that people present different faces… Read More
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Enterprise Mobile Software Company Nubo Raises $7M Series A
Nubo, whose software enables employees to access company files on their own mobile devices, has raised $7 million in Series A funding. The round was led by Magma Venture Partners and Motorola Solutions Venture Capital. A Global Perspective Of Israeli Tech In 2015
From the Chinese stock market crash that shook global equity markets to the obsession with hunting for unicorns, 2015 was a year filled with volatility and non-traditional capital flowing into the private markets. Israel felt the effects of these global trends. Whether it’s sectors like cyber and fintech heating up or syndications and co-investments leading to increased round sizes… Read More
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Why Israel Will Probably Never Have A Tech Giant And Why That’s Not Something To Regret
For many years, Israelis used to lament that the local tech scene, while considered second only to Silicon Valley and generating many successful startups, has never been able to grow a world tech leader such as Nokia. Why don’t we have our own “Nokia?” people used to ask — while pointing a finger at entrepreneurs and investors alike. Read More
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Microsoft Lays Off 60 On Its HoloLens Team In Israel As It Shifts Development To The U.S.
Microsoft has yet to ship its first HoloLens holographic imaging device, but it is moving swiftly on to the next generation of development nonetheless. TechCrunch has confirmed that Microsoft has dismissed 60 people in Israel who work on the HoloLens — 30 full-time staff and 30 contractors. The plan is to wind down work on its VR headset and platform in the country and shift… Read More
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