Tech Nation: CellMining Raises $5 Million in First Outside Investment

Cloudyn and CellMining raise funds; SimilarWeb acquires Silicon Valley startup.

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Tel Aviv University researcher Prof. Ronit Satchi-Fainaro.
A researcher at Tel Aviv University. Credit: Yonatan Blum

Israelis are top recipients for EU young researcher grants

Israel placed first this year per capita among countries receiving prestigious Starting Grants for young researchers awarded by the European Research Council. Twenty-four Israelis won aid from the council, compared with 48 for Britain and 47 for Germany, countries with populations many times greater than Israel's. For the second year running, Tel Aviv University had the third-largest number of grantees of any institution, eight. It was bested only by the 12 awarded to the French National Center for Scientific Research, which is comprised of 10 major research institutes, and the Max Planck network of institutes in Germany, which garnered 10. The Hebrew University of Jerusalem had five recipients and the Weizmann Institute of Science in Rehovot and the Technion tech institute in Haifa four each. (Ido Efrati)

Cloudyn raises $11 million for cloud-computing monitoring

Cloudyn, an Israeli startup that helps businesses see how much they’re spending on cloud computing, says it has raised $11 million in a round led by Carmel Ventures. Existing investors Titanium Investments and RDSeed, a joint venture between government arms maker Rafael and Elron Electronics, also joined the round. Founded in 2011 by CEO Sharon Wagner, Boris Goldberg and Vittaly Tavor, the Rosh Ha’ayin startup’s software helps businesses using Amazon Web Services, Microsoft Azure and Google Compute Engine decide which service to use. It also sends alerts about utilization and cost, and estimates the cost of switching to different clouds. Cloudyn, which says it has tripled its revenue for three years straight, says it will use the proceeds to build market share and brand, as well as for technology development. Cloudyn has raised $15 million, including the $4 million round announced in September 2014. (TheMarker Staff)

CellMining raises $5 million in first outside investment

CellMining, whose technology lets cellular operators better use their networks to improve customer service, says it has closed a $5 million funding round led by the Lazarus Israel Opportunities Fund. CellMining will use the cash to fund product development and expand into new markets. Formed two years ago and employing 30 people, CellMining counts Cellcom Israel and several foreign companies as customers and says it’s close to reaching contracts with European and Latin American operators. Its technology reads subscriber experience, identifies usage patterns and reconstructs entire call and communication flows for individuals and business customers. The company had been exclusively financed by its founders and their family and friends. “With subscribers demanding a seamless user experience, and with data-hungry apps making ever greater demands on network capacity and availability, mobile network operators are under enormous pressure to maintain a flexible and responsive network,” said Brian Abrams, a partner at Lazarus. (Amitai Ziv)

SimilarWeb acquires Silicon Valley startup
Israeli start-up SimilarWeb has acquired Silicon Valley-based mobile intelligence company Quettra and plans to integrate its app insight technology into its own platform. SimilarWeb did not disclose financial details, but a source close to the deal said it paid about $10 million. Quettra’s mobile analytics let app developers better understand their users, including brand affinities, demographics and the data that explain why users uninstall an app. As part of the acquisition, SimilarWeb is opening an office in Mountain View, California. SimilarWeb, which has raised $65 million since 2009, measures computer mobile Internet usage and the apps where users spend most of their time on smartphones. In the past year SimilarWeb, whose clients include Google, eBay and Nike, has tripled its employee number to 300. (Reuters)

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