Tech Roundup / Who loves Mobli?
Young Israeli tech companies got plenty of attention – verbal and financial – this week.
SteadyMed raises money: Medical device manufacturer SteadyMed
Therapeutics recently raised $10.4 million from investors, adding to the
$2.4 million it raised earlier this year. This financing round was led by
SteadyMed's primary investors Samson Ventures and KB Partners, joined
by investors the company hasn't named. SteadyMed's chip-driven
PatchPump attaches to the body with an adhesive pad and subcutaneously
injects medicine. The proceeds from the financing round will be used
to continue product development. The company foresees completing
clinical trials in 2013 and launching in the United States the following year.
eBay CEO visits: "I want to see the next wave of innovation in
commerce coming from Israel and I want eBay to be a part of it," said
eBay CEO and President John Donahoe at the Israel Advanced Technology
Industries conference in Jerusalem this week. "We are here in order to
cooperate with Israeli innovators to change the world of commerce."
eBay currently works with the Israeli start-ups Fooducate, which
developed an app that presents nutritional information for food
products using barcode technology, and Kenshoo, which develops
technology solutions for search marketing, social media and online
advertising. In addition, eBay previously acquired the Israeli
e-commerce start-ups The Gifts Project and Shopping.com. Guy Schory,
eBay's head of new ventures, works in Israel locating new
opportunities for cooperation between the U.S.-based multinational and
The revolution of Waze, IntuCell: The Israeli companies Waze and
IntuCell have made technology blog GigaOm's list of 15
companies likely to be part of the next mobile technology revolution.
Other names on the list include corporate giants Samsung, Apple,
Nokia and Instagram, which was acquired by Facebook earlier this year.
IntuCell, established in Ra'anana by Rani Wellingstein, develops
technology to optimize utilization of cellular networks. "Intucell’s
technology will allow our static mobile networks to become self-aware,
self-acting entities," GigaOm's staff wrote. "One day cell towers
will start following us, expanding and contracting as we move from
cell to cell in order to give us the best connection, voice quality
and data speeds possible."
The staff also wrote about the crowd-sourced GPS app developed by
Waze, a company founded in 2009 in Israel and now located in
California. It is led by CEO Noam Bardin. "Waze effectively turned
millions of smartphones into moving real-time sensors that fed back
data into a larger network," said the post. "The service leveraged the
concept of social network in which everyone provided a little data for
the good of the entire community."
Kazakh businessman finances Mobli: Israeli startup Mobli opened the
Jewish New Year on a high note, raising $22 million in its third round
of financing – most of which was put up by Kazakh businessman Kenges
Rakishev. He contributed $20 million, with another $2 million coming
from previous investors. Mobli, which develops social networking apps
for sharing pictures and videos, announced the news on Wednesday. The
company declined to state its valuation for the purposes of the
funding round, but estimates are in the $300 million range.
Mobli is best known for its famous investors, including actor Leonardo
DiCaprio, who invested $4 million a year ago in the company's second
funding round. Tennis player Serena Williams, actor Tobey Maguire and
cyclist Lance Armstrong are among its other celebrity investors -
along with a number of New York hedge funds. Mobli's business model is
based on revenues from location-based advertising.