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April 19, 2014 / 19 Nisan, 5774
At a Glance

Posts Tagged ‘start up’

Israeli Start-Up May Charge Your Smartphone in 30 Seconds (Video)

Tuesday, April 8th, 2014

An Israeli startup company called StoreDot has unveiled a prototype charger that can re-energize a phone battery in 30 seconds.

The new technology was based on research for Alzheimer’s disease at the nanotechnology department of Tel Aviv University, but the prototype still needs to be developed into a smaller batter to be of commercial use. The amino acids identified in the research are used for the new charger.

The StoreDot is optimistic it will succeed and projects that the new charger will be on the market by the end of 2016.

One of the rumored investors who have plunked down more than $6 million so far is Samsung.

“We are about one year from a functional prototype that will be inside the device,” StoreDot’s CEO and founder Dr. Doron Myersdorf told TechCrunch. “Right now we show a battery that extends beyond the form factor of the smartphone. So in one year we’ll have reached the size, and in two years we’ll reach the required energy density for the entire day.

“So we are talking about three years for a commercial ready device. So I assume it will be three years before you can actually purchase it on the market.

“We’ve demonstrated an iPhone display that the active material which emits light is a bio-organic material that is created by our compounds. This will be the first ever bio-organic display. We already demonstrated all the colors… we can bring the entire RGB spectrum for the display so now it’s all a matter of being able to reach the lifetime and the efficiency similar to cadmium.”

StoreDot needs approximately an additional $20 million to further develop the prototype and set up a manufacturing facility.

Priceline Buys Israeli Ad Start-Up for $3 Million

Tuesday, March 11th, 2014

The Priceline online ticketing and reservation company has bought Israeli-based start-up Qlika for around $3 million, according to the VentureBeat website.

Qlika, based in the metropolitan Tel Aviv city of Ramat Gan,  focuses on “micro-location” ad campaigns and has only six employees, all of whom have masters’ degrees in physics and mathematics and who have served several years in the IDF’s technological units.

They will  join Priceline in supporting the Singapore-based discount booking travel website Agoda which Priceline bought seven years ago.

The person who confirmed the deal told VentureBeat, “It’s a small deal, the $3 million number is roughly accurate.” The website said the acquisition indicates that companies are trying to keep smartphone users attached to their screens by targeting them with advertisements.

Olika’s website says it uses a”micro-market” advertising approaches that are used by companies that sell advertising packages to local clients like local search agencies and yellow pages firms.

The company also says its process works with national brands, allowing franchises to initiate their particular personalize ad campaign and share it with other branches.

Venture Capital Fund Awards Israeli Start-Up $ 1 million

Wednesday, February 26th, 2014

Jerusalem Ventures Partners (JVP). Israel’s leading VC firm and the largest early-stage cyber-security investor in Israel, announced Wednesday that Titanium Core, an innovative startup that protects mission-critical infrastructure, has won JVP’s first ever “Cybertition” cyber-security startup competition.

JVP will reward Titanium with an instant $1 million Investment and a spot in JVP Cyber Labs incubator based in the growing cyber epicenter in Beer Sheva.

The company was founded by Prof. Yuval Elovici, the head of the Cyber Security Lab at Ben-Gurion University. Titanium Core utilizes a multilayered security approach to repel attacks on mission-critical systems, while simultaneously preventing the threat from moving on to other computer systems and providing real time information on the attack.

“Our patented technology can provide an unbreakable security layer around core, mission-critical systems,” said Mimram, Co-Founder and CTO of Titanium Core. “This funding along with the guidance of the Cyber Labs incubator will allow us to bring our vision to market and ensure that this technology can be utilized to protect the world’s critical IT assets.”

JVP’s first Cybertition judging committee included JVP Partners and analysts along with top executives from leading multinational corporations such as GE, Cisco, Microsoft, EMC-RSA and Lockheed Martin, as well as Israel’s Chief Scientist.

Larry King Teams Up with Technion to Promote Israeli High Tech

Tuesday, January 21st, 2014

Former CNN host Larry King and the Haifa-based Technion Institute are establishing the Israel Silicon Valley Chambers of Commerce to promote Israeli high tech and encourage multinational companies to open R&D centers in Israel.

King will help finance the project with a $600,000 investment.

The new chambers of commerce will be launched next month in Tel Aviv and at Stanford University in Palo Alto, California.

“Israeli is the world’s number 2 in high tech, especially for R&D, just behind Silicon Valley,” said Niv Jacobi, who manages much of King’s businesses and will chair the new organizations. “The important linkup of the two has never had a serious organization, and I assume that this is an extraordinary opportunity to lead a far-reaching and long-term effort that will greatly help in bringing foreign capital to Israel, foster and direct start-ups, and strengthen the overall ties with Silicon Valley.”

Israeli Startup Provides Home Care for Elderly

Monday, January 13th, 2014

An Israeli startup provides unusually comprehensive home care for seniors and peace of mind for their families.

According to an annual report released last September by the Israel Central Bureau of Statistics, Israelis are living longer, happier lives, and life expectancy for men now stands at 79.9 years, and 83.6 for women.

An inevitable consequence is that many elderly persons live alone. Spouses die, children marry and establish their own lives, some in distant cities and others abroad, and with passing years the number of close friends and relatives become fewer and fewer.

Because of the pressures of modern life and the demands of their own offspring, many adults feel guilty about being unable to give their parents the attention they deserve. In addition, those who live in distant cities or abroad become anxious about the increasing care required by aging parents.

According to a Pew Research Center survey of adults in the USA with at least one parent age 65 or older, 30% report that their parent or parents need help caring for themselves.

To meet the needs of this aging population in Israel, the Beth Protea non-profit retirement home has initiated Protea Home Care (PHC) to provide “at home” care not only for the frail or handicapped, but also for fit and active seniors, with 24/7 service.

Beth Protea, which began in 1992, operates at full occupancy, and the Home Care project was motivated by the limits in accepting the many applicants on its waiting list for accommodation.

A Case Manager visits each member once a week and a qualified social worker provides professional support where necessary. While one of the main goals is assisting and overcoming loneliness, boredom and helplessness, PHC also provides essential practical assistance such as meals, checking on adequate nutrition, attending to shopping, minor household repairs, laundry, an emergency call button and more.

In its initial stage, the project is aimed at English speakers in Kfar Shmaryahu, Herzliya Pituach, Herzliya, Ramat HaSharon and Ra’anana.

Israeli Invents New Super Glue for Internal Surgery Incisions

Wednesday, December 4th, 2013

Israeli Prof. Havazelet Bianco-Peled of Haifa’s Technion University has invented a new super glue that mechanically seals areas of potential leakage after surgery, without the need for sutures.

Bianco-Peled set up the Sealantis start-up at Technion in 2007, and the company now is expecting FDA approval for the “Seal-V” glue, developed from the cell walls of brown algae.

Seal-V retains its sealant capacity even on wet surfaces,” said Bianco-Peled. The glue also is biorestorbable, meaning that the body automatically absorbs it after the wound heals.

Israeli ‘Start Up’ Couple’s Gadget Holds Smartphones in the Car

Tuesday, November 12th, 2013

A young Israeli couple has come up with a ridiculously simply gadget to attach smartphones anywhere in the car or elsewhere, without their sliding all over the place or having to be restricted to a permanent holder.

The “Sticko” consists of nothing but one pair of suction cups, one on each side of a flexible but durable material. Another variety of Sticko features two pairs of suctions cups to hold up larger items, such as tablets.

“The phone mount she got me was bulky and difficult to set up, plus, once I got out of my car and went to where I had to go, I was left with no mount for my phone,” he said.

Gal Tzuker said she and her husband Boaz began to think of finding a way to safely hold a smartphone anywhere in the vehicle after she bought a smartphone mount for his car.

They spent seven months developing and testing prototypes of an item that could be attached to any smooth surface, even if not flat, and hold the smartphone safely.

They came up with the “Sticko” product, which caught the interest of friends who also wanted one. The couple turned to the Kickstarter firm, which raised money from investors for mass production of the gadget.

They started out with $15,000, and Kickstarter added another $28,000. The couple plans to start making, marketing and shipping the item in the United States.

Another Israeli Start-Up to Raise Money on Wall Street

Monday, September 9th, 2013

Israeli start-up Outbrain, which provides a digital content management and storage solution,  sis going to Wall Street to raise $100-200 million in a public stock offering.

The company’s decision to go public rather than sell out to foreign companies puts it in company with Wix, Matomy Media and Fifty One Inc., now called Borderfree, all of which are in the process of offering shares to raise money.

Outbrain’s content recommendations engine is based on what reader’s prefer and is aimed at keeping readers on a news site for a longer time, enabling the site  to sell more advertising.

Its customers include Reuters and The New York Post as well as with companies such as General Electric, which market items on websites.

Printed from: http://www.jewishpress.com/news/breaking-news/another-israeli-start-up-to-raise-money-on-wall-street/2013/09/09/

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