$20M for Provigent in Fourth Round of Financing

Provigent, a leading provider of System-on-a-Chip (SoC) solutions for the broadband wireless transmission market, announced today that it has increased its fourth round of financing to $20 million.
The privately-owned company, which was founded in Israel in 2000 but is now headquartered in the U.S., makes products that “enable system vendors to rapidly develop cost-effective high [...]

Positive Results for BioLineRx Heart Attack Treatment

BioLineRx, an Israeli drug development company, has announced that the first heart attack patient has emerged unscathed from a Phase 1/2 clinical trial study of its BL-1040, a breakthrough approach to supporting damaged cardiac tissue. The trial is using up to 30 patients in several sites in Germany, Belgium and Israel and is designed [...]

Fixya Raises $6M from Pitango

Israeli-based FixYa.com has raised $6 million in second-round financing from Pitango Venture Capital and Mayfield Fund, both of whom also invested in the first round of financing. Founded in 2005 by Yaniv Ben-Saadon, a seasoned entrepreneur of numerous consumer Internet ventures, FixYa gets more than 6 million viewers per month.
FixYa provides free tech support and [...]

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 [...]

Microsoft Nabs Kidaro for an Estimated $100M

Microsoft has announced its intentions to buy Israeli start-up Kidaro, a leading provider of desktop virtualization solutions for enterprises. Analysts estimate the price at a whopping $90-100 million. According to inside sources, the unexpected offer was set up by Opus Ventures Partner Dan Avida, former CEO and President of Decru. He was [...]