Israel Science Technology

Endpoint virtualization security solutions provider Neocleus raised $11.4 million

2008-06-21T18:57:59+02:00

Endpoint virtualization security solutions provider Neocleus has raised $11.4 million in Series B financail funding led by Battery Ventures and Gemini Israel Funds.

Neocleus applies security virtualization solutions to desktops and laptops, which enable critical IT tasks to operate in isolated, trusted virtual environments with complete access to the capabilities offered by the underlying endpoint hardware.

In May 2008 the company launched its Desktop Hypervisor Framework, an endpoint hypervisor enhancement to the Xen server hypervisor that the company will be contributing to the open source community to foster an ecosystem of innovation. In early June Neocleus announced Trusted Edge, the first in a suite of virtual software appliances that allows for secure access to corporate resources regardless of the endpoint’s location or state of security.

“Endpoint challenges have grown exponentially as the number of different user scenarios have increased and evolved, introducing new complexities and new IT requirements,” said Adi Pundak-Mintz, General Partner, Gemini Israel Funds.” Neocleus’ solutions address this burgeoning market with a strong vision, technology innovation, solutions and a proven management team.”

Neocleus was founded in 2006 by Ariel Gorfung (CEO) and Etay Bogner (CTO). Gorfung recently served as the CEO of Intuwave, a provider of connectivity middleware to the Symbian mobile operating system. Prior to joining Intuwave, Gorfung co-founded e-Sponsor, which was acquired by Intuwave in October 2000. Bogner was the co-founder of and managing director of SofaWare, which Check Point Software acquired a majority share. Neocleus headquartered in New Jersey, UA, and its R&D center located in Tel Aviv, Israel.

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Mobile backhaul solutions provider Celtro raised $20 million from Rho Ventures, Genesis and Cedar

2008-05-14T17:15:39+02:00

Mobile backhaul optimization solutions provider Celtro has raised $20 million in financing round led by Rho Ventures, with the participation of existing investors Genesis Partners and Cedar Fund. The company will invest the proceeds to further expand international operations and to penetrate new markets.

Celtro provides creative mobile backhaul switching solutions that improve service delivery, increase network efficiency, and facilitate smooth backhaul network evolution - helping providers enhance revenues, improve customer satisfaction, lower operational costs and optimize their backhaul network assets. The company has commercially deployed its backhaul switching products in the mobile networks of more than 50 leading operators.

Headquartered in Petah Tikva, Israel, Celtro was founded in 2001 as a business unit within ECI Telecom and was spun-off in 2003 as a privately-owned, independent company.

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3D sensing technology provider Prime Sense raised $20.4 Million

2008-05-06T17:18:51+02:00

3D sensing technology provider Prime Sense raised $20.4 million in second round of funding led by Canaan Partners and included A round investors, Gemini Israel Funds and Genesis Partners. The funds raised will enable the company to shift from the development phase to sales, according to Inon Beracha, CEO of Prime Sense.

"We believe that the company's breakthrough technology positions it as a market leader in the fast growing arena of 3D machine vision, and we are delighted to see the market traction that Prime Sense is gaining with major brands," says Izhar Shay, a venture partner at Canaan Partners, who has joined the company's Board of Directors.

Prime Sense develops innovative 3D sensing technology that provide any digital device with the ability to see and understand the world in 3D just like humans do. The Israeli startup is focused on deployment of the technology in video game and Consumer Electronics. The company was founded in 2005 by by Aviad Maizels, the company's President, and includes Alex Shpunt, Dmitri Rais, Ophir Sharon and Tamir Berliner.

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Mobile software management provider Red Bend secured $10 million

2008-04-22T19:16:07+02:00

Over-the-air mobile software management provider Red Bend has secured $10 million in funding led by new investor Coral Capital Management, joined by Red Bend’s existing investors: Carmel Ventures, Greylock Partners, Pitango Venture Capital, Poalim Ventures and Infinity.

Red Bend will use the new funds to grow its position in the mobile market as well as seize new opportunities in licensing its software for other connected wireless devices such as mobile broadband PC cards, USB modems, embedded chipsets and machine-to-machine (M2M) modules.

The company mobile software already shipped in 305 million mobile phones worldwide. Red Bend forecasts that in the second quarter its software will reach 360 million mobile devices, including mobile phones, mobile broadband PC cards and modems, and M2M wireless modules.

“With its software now reaching more than 305 million mobile phones worldwide, Red Bend has achieved something only a handful of players in the mobile industry can claim,” said Harel Beit-On, Chairman of the Board of Red Bend and General Partner of Carmel Ventures. “This mass market success with mobile phones and recent deals for modems and M2M devices demonstrate the vast market potential for the company’s products.”

Red Bend helps mobile phone manufacturers such as LG Electronics, Motorola, NEC, Sharp, Sony Ericsson to accelerate the adoption of new services and features. Founded in 1999, Red Bend Software is a privately held with offices in China, Israel, Japan, Korea, UK and the US.

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Virtualization solutions provider ScaleMP received $8 million

2008-04-09T16:20:45+02:00

Virtualization solutions provider ScaleMP has received $8 million in new venture funding from its existing investors: Sequoia Capital, Lightspeed Venture Partners, TL Ventures, and ABS Ventures. This new round of funding brings the total raised to date to $26 million.

The ScaleMP technology allows a server to expand outside a single system boundary, addressing growing end-user requirements for large memory systems or systems with high-core count.

“ScaleMP is revolutionizing the high-end computing market by aggregating multiple industry-standard x86 servers into a single system,” said Barry Eggers, general partner at Lightspeed Venture Partners, and chairman of the board at ScaleMP. “During 2008, I expect the company to build upon its strong customer traction and market momentum, as well as the strategic partnerships that it has already established.”

Using software to replace custom hardware and components, ScaleMP offers virtualization solution for high-end computing environments. Founded by Shai Fultheim, the company CEO, ScaleMP headquartered in Cupertino, California and its R&D center located in Rosh Ha'ayin, Israel.

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France Telecom subsidiary Viaccess to acquire Orca Interactive for $21.4 million

2008-03-10T14:02:51+01:00

Viaccess, a France Telecom subsidiary that provide IPTV protection solutions, is to acquire IPTV middleware and applications provider Orca Interactive for an estimated price of $21.4 million.

The acquisition will allow Viaccess to seize the new opportunities of the TV and video markets, and to bring innovative solutions to content services operators such as broadcasters and telecom companies.

Orca Interactive, listed on AIM London Stock Exchange, is a provider of IPTV middleware and applications for broadband network operators and service providers. It help operators to deliver broadcast TV, video on demand (VOD), personal video recording (PVR), home media services.

Viaccess delivers solutions for digital pay television and secured content distribution. Its conditional access and DRM solutions deployed in 30 countries worldwide, on more than 80 digital platforms including multi-channel providers and digital content distributors.

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CAD interoperability solutions provider Proficiency raised $4.25 million

2008-04-09T16:26:41+02:00

CAD interoperability solutions provider Proficiency has raised $4.25 million in funding led by Catalyst Investment. Current investors, Carmel Ventures and Pitango Venture Capital also participated in the financing round, which will support the company growth and product initiatives.

"This round of investment is part of Proficiency's strategic growth plan, and re-enforces our roadmap and commitment to provide the level of CAD interoperability which modern CAD users expect and deserve," said Alex Shapira, President and CEO of Proficiency. "Rather than giving up a large part of the design intent or manually re-designing models in another CAD, manufacturers can now preserve the integrity of their product knowledge and validate it at the required level of accuracy in a fast, reliable and scalable way.

Proficiency's solutions, based on the Collaboration Gateway, enable OEMs, partners and suppliers with heterogeneous PLM and multi-CAD environments to ensure effective product knowledge integration (PKI) during design and manufacturing processes.

"Proficiency has revolutionized the way people think about their product knowledge as they need to deliver 3D models to other CAD systems or migrate them to a modern CAD," said Yair Shamir, chairman and managing partner, Catalyst Investments.

Proficiency is providing solutions to leading OEMs and suppliers in industries such as aerospace & defense, automotive, and heavy machinery. Customers like Alstom Transport, Boeing, Bombardier, Daimler, EADS, FIAT Powertrain, Ford, General Dynamics, Northrop Grumman, Siemens, and ThyssenKrupp, are using Proficiency's solutions. Proficiency headquartered in Massachusetts and its R&D center located in Jerusalem, Israel.

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UWB chipsets provider Wisair secured $24 million

2008-06-21T19:02:25+02:00

Wisair, a provider of single-chip based Ultra Wideband (UWB) and Wireless USB (WUSB) solutions, has secured $24 million. The financing round was led by four new investors: Susquehanna Growth Equity (SGE), Advent Venture Partners, Bridge Capital Fund of Japan and Yasuda Ventures. Existing Wisair investors also participated, and included Apax Partners, Broadcom, Intel Capital, Vertex, and Zisapel brothers from the RAD group.

This additional funding will enable Wisair to accelerate the release of products with integrated WUSB capabilities to satisfy the burgeoning demand for simple high-speed wireless connectivity in the consumer electronics industry," noted Jonathan Klahr of SGE.

“Wisair's market-ready, single-chip technology is poised to play a major role in the WUSB market, which is now fully set to experience rapid growth over the next few years,” said Martin McNair, general partner.

Wisair is a fabless semiconductor company providing UWB and Wireless USB chipsets and reference designs for personal computing, consumer electronics, and mobile devices. Wisair headquarters are in Israel, with offices in the USA and Japan, and representatives in Korea, Taiwan and Singapore.

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Multi touch technologies developer N-trig raised $33 million

2008-02-21T16:55:43+01:00

Mobile computing pen and multi touch technologies developer N-trig has completed a fund-raising round of $28 million from Canaan Partners, Evergreen Venture Partners. In addition to the investment round, N-trig has recently secured a credit facility of $5 million from venture lending fund Plenus.

N-trig’s DuoSense technology, combining pen and zero-pressure touch for mobile computers into a single device, is now being deployed by Dell Computer. Other major brands are expected to announce new products, which raises the bar on the next generation of notebook PCs and other mobile devices currently in development.

“The computing user interface is on the verge of a major shift: after using a mouse and a keyboard for many years, the market is seeking an enhanced user experience,” said Boaz Dinte, Managing Partner at Evergreen Venture Partners. “We believe that N-trig’s DuoSense will lead this revolution, positioning it as the premier technology in both tablet PCs and mobile devices.”

N-trig develops natural input digitizer solutions for notebook PCs and mobile computing devices. N-trig was founded in 1999 by Dr. Meir Morag, the company current president. N-trig maintains its global headquarters in Kfar Saba, Israel and has a regional presence with offices in Austin, TX and Taipei, Taiwan.

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eBay to acquire online risk tools provider Fraud Sciences for $169 million

2008-06-21T19:05:40+02:00

eBay has agreed to acquire the Isreali online risk tools provider Fraud Sciences for $169 million in a cash transaction. Fraud Sciences’ risk tools and analytics are intend to enhance the fraud management systems of eBay and its online payment solutions firm, PayPal.

“Integrating Fraud Sciences’ risk tools with PayPal’s sophisticated fraud management system should allow us to be even more effective in protecting eBay and PayPal's hundreds of millions of customers around the world," said Scott Thompson, President of PayPal.

Key personnel from Fraud Sciences, including Yossi Barak, Fraud Sciences’ COO, and founders Shvat Shaked and Saar Wilf, will join the company’s technology and fraud management teams. Gadi Maier, Fraud Sciences' President and CEO, will provide strategic and operational support to the company during the integration period.

Fraud Sciences has developed a technology that differentiates between real and fraudulent transactions with unprecedented accuracy. Using this groundbreaking technology, Fraud Sciences offers a unique transaction verification service to manage online fraud. Fraud Sciences is funded by BRM Capital, Redpoint Ventures and other US and Israeli investors.

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