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 [...]

Brazilian Optics Giant Buys Civcom for $40M

Not only Microsoft is buying up Israeli start-ups. Brazilian optical network solutions giant Padtec has paid $30-40 million for Civcom, an Israeli pioneer in the development and manufacturing of cost saving optical solutions for communications, test and measurement, and military applications. The move comes on a wave of rapid expansion for Padtec as [...]