Israel Delivers: TechnoSpin, Gizmox, Endogun, Applicure

Today Israel’s innovators made all kinds of headlines from cleantech to medical devices to software security.
Let’s start with TechnoSpin. The four year old startup has raised $8 million from US VC 21 Ventures. They develop and produce rotors for small wind turbines which, it claims, are cheaper to produce and more easily assembled than competitor’s [...]

TuneWiki Lyric Service Raises Capital

TuneWiki, an Israeli startup founded in 2007 by two former airforce pilots and serial entrepreneurs, Amnon Sarig and Rani Cohen, recently launched a servce which allows you to listen to your music on an iPhone/iTouch and PC while scrolling the lyrics of the song in real-time.
According to TechCrunch, “The service, which was launched in December [...]

Alefo Launches Beta Site

Alefo is a new Israeli startup launched yesterday that wants to replace services such as iGoogle and Netvibes as your personal aggregator. The site essentially allows you to copy your favorite widgets, RSS feeds, and even what it calls “site shots” or pieces of other websites, and paste them onto an ultimate personal homepage.
According [...]

Ultra-Orthodox VC Invests in Verifuel

There isn’t much connection between the ultra-orthodox community in Israel and aircraft, especially the military kind.  Nevertheless, Bashalva, a Haredi VC fund, has invested NIS 1.1 million in Aviv Tzidon’s new startup, Verifuel, which is valued at NIS 7 million.  Aviv Tzidon is the founder of BVR Systems, a company that develops and manufactures training [...]

IBM Buys Diligent for Estimated $200M

A Globes article published today reported that IBM has bought Israeli storage solutions developer Diligent Technologies Corporation for an estimated $200 million.  The acquisition comes just one week after the computing giant bought FilesX for $70-90 million (see post). 
IBM is snatching up Israeli startups left and right–  It recently acquired XIV, partnered with Siverge and is [...]

Orange Launches NewACT’s Mobile Data Service

Partner Communications Company, which operates the Orange cellphone network in Israel, has launched NewACT’s mSync-based suite of services, branding it ‘Orange Forever’, according to the press release.
The service allows subscribers to synchronize their contacts, calendar, pictures, videos and messages between their cellphone and the Orange website. Subscribers are then able to edit, manage and archive their data on the [...]

Human Monitoring Teams Up With Kulabyte

Human Monitoring Ltd. is a Tel Aviv-based developer of video and image processing solutions for PC and embedded platforms that uses innovative algorithms and superior DSP engineering capabilities to produce high quality, low cost video products.

The six year old startup has recently teamed up with Kulabyte, a [...]

Mystery Startup Libox Scores $1M

Some startups are best kept secret.  Like Ctrue, little is know about Libox.  It was founded last year by Erez Pilosof, a serial entrepreneur who worked at Walla!, and has now received $1 million in seed-stage funding from Evergreen Venture Partners and a couple other private investors.  IVC says Libox “is developing an innovative Internet platform which is [...]

Texas and Cleantech

Startech Early Ventures is trying to connect between Israeli hi-tech and Texas investors, according to Globes.  Similar to Virginia’s Gateway America (which I mentioned in an earlier post), Startech is aiming to help Texas boost trade relations with Israel and capitalize on Israel’s robust growth in the technology sector.
The VC has just hosted the ”largest-ever delegation [...]

IBM Acquires Storage Startup Filesx

IBM is on a rampage.  After scooping up XIV, partnering with Siverge and now talking with Ctrue and Diligent Technologies, it has now signed an agreement to buy FilesX, an Israeli data-recovery startup founded in 2000.  The startup’s flagship technology, Xpress Restore, allows instant recovery of critical systems, servers and applications to any point-in-time.
According to Globes, IBM is paying [...]