Cortica Raises $20m From Chinese Investors

Israeli tech firms staying put in Ukraine.

Orr Hirschauge
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Orr Hirschauge

Cortica, an Israeli startup whose technology reads and automatically associates images called up by Internet users, has raised about $20 million in financing from Chinese investors. Lanta Capital Holdings represents the group of Chinese investors ponying up the money in the round, which valued Cortica at $200 million. The company, whose image technology gives web publishers a new way to monetize their products, expects to post $20 million in revenues this year and to more than double its workforce of 53. All told, Cortica has raised $38 million in capital since it was founded in 2007 using technology developed at the Technion - Israel Institute of Technology. (Orr Hirschauge)

Israeli tech firms staying put in Ukraine

The local employees of Eastern Peak and Uber Testers, two Israeli-run tech companies located in the Ukrainian city Kharkiv, are undaunted by the unrest, their CEO, Ran Rachlin, told TheMarker last week. “When there are terror attacks in Israel, it looks from the outside as if there were a war in the streets of Tel Aviv, but most of us carry on as usual,” said Rachlin. “Our workers in Ukraine read the papers with concern, but continue to show up at the office. We’re receiving all the services we need.” But he noted that because their offices are above a square that has been the site of violent demonstrations, he is weighing moving the offices to the suburbs. Other Israeli firms in Ukraine, including the online gaming companies Plarium and Playtika, also reported business as usual. (Orr Hirschauge)

Mobli Media to list on Nasdaq Private Market

Mobli Media, a social-mobile photo and video-sharing multi-platform similar to Instagram, signed an agreement at the end of last week to list on the new Nasdaq Private Market. Mobli is likely to be among the first companies to trade on the platform, which is opened to qualified investors who want to invest in startups before they sell shares to the general public or in place of an initial public offering. Moshe Hogeg, Mobli’s founder and CEO, said the listing would enable its investors, which include Mexican telecoms billionaire Carlos Slim, to sell shares in the company. (TheMarker Staff)

As pro-Russian protesters clash with supporters of Ukraine's new government in central Kharkiv, it's work as usual for Israeli companies in the city. Credit: Reuters