Israel Active

Israel’s Macrocure’s white blood cell injections treat hard-to-heal and chronic wounds. It wants to raise $75 million from an IPO on NASDAQ to finance its CureXcell a cell-based therapy that restores the natural balance required for the wound healing process.

For years I have been using the Israeli artificial intelligence system Genieo to find relevant news items to feature in my newsletter. Now, Genieo itself has become a news item. It has been taken over by another Israeli software company – Somoto.

(Thanks to Nevet – www.broaderview.org) Israel is to give tax breaks and access to cooperative cyber programs to lure leading domestic and multinational firms to a new national cyber park in the Negev desert. Israel aims to create 3,000 cyber-related jobs over the next 10 years.

(Thanks to Nevet – www.broaderview.org) Digital advertiser Undertone, has bought Israeli brand-focused programmatic platform, Upfront Digital Media. Following the acquisition, Undertone is to set up its first development center in Israel.

Israeli mobile advertising technology company Supersonic has raised $15 million to further its growth and expand its operations in Asia. Formerly known as SupersonicAds, the company has developed an in-app monetization and user acquisition platform.

Five years after launching its Google Ventures investment fund, the Internet giant announced yesterday that it was launching a similar fund in Europe. sources informed "Globes" that Google will also use the fund to make investments in suitable Israeli start-ups.

Israeli collision avoidance solutions developer Mobileye is looking to raise $150 million in funding from its US public listing. Mobileye has developed a camera-based system mounted in vehicles that reads the road ahead and is designed to help drivers avoid accidents.

The estimated size of Israel’s largest natural gas reserve was raised by 16 percent. An updated analysis based on 3D seismic surveys has calculated the field to hold 21.93 trillion cubic feet (620 billion cubic meters.

Israeli start-up CupsTelAviv has a unique deal – all the coffee you can drink, from any of over 40 coffee shops in Tel Aviv. All for NIS 169 per month (about $45). I’ll drink to that.

The Organization for Economic Cooperation and Development (OECD) has reported that between 2010 and 2014, Israeli employment rose 13% compared to the OECD average of 2%. The employment rate for Israeli women was 6.5% higher than the OECD average.