Monthly Archives: February 2016

The largest fund ever raised in Israel

Posted on February 21, 2016

FIMI, the leading private equity firm in Israel, has just completed a $1.1 billion financing round for its sixth fund – the largest fund ever raised in Israel. FIMI’s strategy is to acquire control of Israeli companies with sales of … Continue reading →

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The first joint Israeli-Chinese VC fund

Posted on February 21, 2016

Israel’s Catalyst Private Equity and China Everbright Limited have launched the first dedicated Israel-China private equity fund. The $200 million fund will invest in mid-to-late-stage companies with a special focus on pushing their tech in China and emerging markets. http://www.geektime.com/2016/02/02/first-ever-joint-israeli-chinese-venture-fund-announced/

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The King is back

Posted on February 21, 2016

After a six-year absence, Burger King has re-opened in Tel Aviv. It sold its franchise to Israel’s Burgeranch in 2010 after Muslim groups boycotted it. Now it plans to open 10 branches in 2016 and fifty in the next five … Continue reading →

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WeWork opens Israeli R&D center

Posted on February 21, 2016

Co-working space WeWork has opened an R&D center. It already has office space in Tel Aviv, Herzliya and Be’er Sheva. http://news.nocamels.com/2016/02/01/wework-opens-rd-center-in-israel-to-develop-digital-services-platform-for-its-creators/

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Testing services for HP customers

Posted on February 21, 2016

Israeli cybersecurity startup NorthBit has struck a deal with Hewlett-Packard Enterprise to develop test automation software for mobile application developers. NorthBit’s 20 researchers are graduates of the top technological units in the Israeli army. http://www.timesofisrael.com/israeli-start-up-helps-hp-move-into-app-testing-market/

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Low cost hospital food machines

Posted on February 21, 2016

The price of food in Israeli hospitals will no longer make you sick. Minister of Health Yaakov Litzman has just inaugurated the first set of cheap food vending machines at Sourasky (Ichilov) Hospital. You should get soft drinks, water, juice, … Continue reading →

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The world’s tallest solar tower

Posted on February 21, 2016

Israel-based Megalim Solar Power is building the tallest solar tower in the world at Ashalim, in the Negev desert. 50,000 computer-controlled mirrors will focus solar rays onto the 787-foot tower producing, when the project is complete, 121 megawatts, to cover … Continue reading →

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US DoD sponsors Israeli security contest

Posted on February 21, 2016

The US Department of Defense is one of the sponsors of Israel’s 2016 Combating Terrorism Through Technology challenge program. Two $100,000 prizes will be awarded for innovative technologies that could help combat terrorism or homeland security. http://www.mit-forum.org.il/#!the-2016-100k-combating-terrorism-start/c1ldr

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The last smartphone standing

Posted on February 21, 2016

In the Flagship Smartphones Battery Life Challenge in China, the Meizu PRO5 with PowerXtend from Israel’s Lucidlogix was running gaming programs 16 mins after all other screens went dark. It beat the Nexus 6P (3.5hrs), Huawei Mate8 (6.2hrs) and the … Continue reading →

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Backup your data in the Cloud

Posted on February 21, 2016

Israeli startup OwnBackup is the first graduate of this year’s Microsoft Ventures Israel’s Accelerator to receive funding – $3.5 million in fact. OwnBackup provides a data backup and fast recovery service to companies using 3rd party services in the Internet … Continue reading →

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