News from Israel

Israeli road visibility chipmaker TriEye nabs investment from Porsche

Israeli startup TriEye, a developer of short-wave-infrared (SWIR) sensing chips that enable drivers to see in adverse weather and at night, has expanded its Series A funding round to $19 million, getting an investment from the venture arm of sports car manufacturer Porsche. The funding will be used for further development of the product and […]

Salesforce buys Israeli-founded ClickSoftware for $1.35 billion

US cloud computing company Salesforce said Wednesday it had acquired the Israeli-founded company ClickSoftware in a deal valued at $1.35 billion. Salesforce said the deal would help it become a leader in the field service software industry. “The addition of ClickSoftware will enhance Salesforce Service Cloud’s leadership as the #1 service platform, empowering every service […]

Renault, Nissan open innovation lab in Tel Aviv

Renault and Nissan, part of one of the world’s leading automotive alliances, on Monday inaugurated an open innovation lab in Tel Aviv that will work together with Israeli startups to test their technologies in a bid to tap into the next big thing of automotive industry. The lab was set up in partnership with the […]

Best Of 2018: 15 ‘Superhero’ Israeli Startups Changing The World

Israel’s leading role as a breakthrough technological innovator spans across fields ranging from medical research and cybersecurity to automotive and robotics.The country’s know-how and entrepreneurial spirit also extend to social challenges and generally improving quality of life. In 2018, a number of Israeli initiatives have had a deep impact on the lives of people around […]

Celine Dion Teams Up With Tel Aviv Designers For Gender-Neutral Kid’s Garments

Canadian singer and music icon Celine Dion recently launched a new collaboration with Tel Aviv-based, international children’s clothing brand Nununu for a new collection of gender-neutral garments for kids, from infants to teens. The line is called Célinununu and is sold online, while the Nununu brand has been available for years in prominent US stores such as Nordstrom, Bloomingdale’s, […]

www.timesofisrael.com: China heart valve firm snaps up Israeli medical device maker Keystone Heart

Caesarea-based startup develops and manufactures devices that reduce the risk of brain injuries after cardiovascular proceduresBy SHOSHANNA SOLOMON26 September 2018, 3:33 pm A Chinese developer of heart valves, Venus Medtech (Hangzhou) Inc., said Wednesday it has signed an accord to buy Caesarea, Israel-based medical device firm Keystone Heart Ltd. No financial details were disclosed.Keystone develops and makes […]

www-bloomberg-com: Medtronic Agrees to Buy Mazor Robotics in $1.6 Billion Deal

By Michelle CortezSeptember 20, 2018, 7:19 PM EDTUpdated on September 20, 2018, 9:44 PM EDTMedtronic Plc agreed to buy the shares it doesn’t already own in Mazor Robotics Ltd. in a deal valuing the company at $1.6 billion, as the medical equipment giant expands its leadership in the market for spinal surgery.Medtronic agreed to pay $58.50 per American depositary share, […]