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Technation: Israeli Internet Speeds Fall in World Ranking

Feedvisor raises $5 million for e-commerce technology; Blackberry returning to Israel — at a cost.

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Illustration. AP

Israeli Internet speeds fall in world ranking

Internet speeds in Israel are lagging increases around the world and even falling in absolute terms, the latest State of the Internet survey by the U.S. company Akamai Technologies. Akamai’s index said the average connection speed in Israel in the third quarter of the year was 11.2 megabits per second, a drop of 7% from the second quarter and 1.5% from a year ago. That put Israel in 25th place for Internet speed, down from 17th at the start of the year. Akamai said only 14% of Israelis have access to connection speeds of more than 15 Mbps, which would seem to contradict the boasts of local service providers such as Bezeq and Hot of higher speeds. A new indicator called the Mobile Penalty, which Akamai published for the first time in the third quarter, showed that with mobile connections the average time it took down to download a page in Israel was 3.020 milliseconds, versus 2,470 milliseconds for a fixed connection, a ratio of 1-to-2 and close to the global average of 1-to-3. (Amitai Ziv)

Feedvisor raises $5 million for e-commerce technology

Feedvisor, whose software enables online retailers to adjust prices automatically to reflect changing market conditions, said yesterday it had closed a $5-million funding round with investors led by Square Peg Capital. Existing investors JAL Ventures and Titanium Investments joined the round, whose proceeds will be used to expand the business and to open offices in the United States, the Tel Aviv-based company said. Feedvisor’s algorithms analyze market dynamics, changes in demand and price perception, enabling accurate pricing decisions without human bias, according to the company. Feedvisor said it is used by hundreds of online retailers worldwide to manage over $1.5 billion in gross merchandise volume. The round comes 16 months after Feedviser raised $6 million and brings its total fundraising to $13 million since it was founded in 2011 by CEO Victor Rosenman and Chief Technology Officer Eyal Lanxner. (TheMarker)

Anodot secures $3 million for big-data innovation

It’s a relatively small fundraising, but the startup Anodot boasts as its CEO David Drai, who sold his last company, Cotendo, for $300 million to Akamai Technologies. Anodot announced two weeks ago it was exiting “stealth mode” with its big-data technology, and had raised $3 million in a round led by Disrupt-ive Partners, bringing total funding to $4.5 million since it was formed in 2014. Anodot uses machine learning to detect performance problems in big databases and corrects them automatically and in real time. “I experienced the data analysis lag problem first hand as chief technology officer for Gett,” said Drai. “As a mobile taxi app, SMS text orders were dropped by the carrier, but it could take up to three days to spot critical issues and fix them.” Anodot said it would use the funding to accelerate its product development and expand sales activity to focus on the ad tech, e-commerce, Internet of Things and manufacturing sectors in Europe and the United States. (Amitai Ziv)

Blackberry returning to Israel — at a cost

Blackberry, the one-time market-leading smartphone that got pummeled by iPhone and Android, is returning to the Israeli market after a long absence. TheMarker has learned that the company’s new Priv, its first-ever Android-based device, will be available in Israel starting in late January. In addition, local importer Accel Telecom will bid for a contract to supply the device to government employees. In a change of policy, Blackberry will make the device available directly to consumers, rather than only through mobile carriers. And unlike in the past, there will be no need to install special corporate servers and software. The Priv won’t be cheap: In the United States it sells for $700, and in Israel it is expected to go for around 5,000 shekels ($1,283). (Amitai Ziv)