Credit Suisse Puts $12 Million Into Secure Islands

Mobli buys content-sharing platform Pheed; group formed to promote cyber in Be’er sheva.

Ben-Gurion University.
Eliyahu Hershkovitz

The venture capital unit of the Swiss bank Credit Suisse is investing $12 million in the Israeli cyber security startup Secure Islands, sources said. Secure Islands, based in Beit Dagan, reported that Credit Suisse Next Investors had invested in the company without disclosing the sum, which will be used to expand in North America and Europe. “We have built a wonderful relationship with Credit Suisse [as a customer] that paved the way for Credit Suisse Next Investors to become a leading investor in the company,” said Yuval Eldar, cofounder and chief technology officer. Unlike most security technology that focuses on the entry and exit points to a computer network, Secure Islands’ flagship product conducts data immunization on each file. Some $20 million has been invested in the company since it was formed in 2006, with backers including the tech investor Shlomo Kramer and Van Leer Ventures Jerusalem. (Inbal Orpaz)

Mobli buys content-sharing platform Pheed

Mobli Media, the Israeli photo- and video-sharing platform, said on Tuesday that it had acquired the California-based content-sharing platform Pheed, for cash and shares. Although Mobli didn’t say how much the deal was worth, the tech website Mashable reported it was about $20 million. Mobli said it plans to invest $10 million in the remake of Pheed, which will remain a stand-alone platform. “Content monetization is a continuous challenge. We are passionate about giving our users possibilities to monetize their content and Pheed has taken strides in this direction,” said Mobli founder and CEO Moshe Hogeg. A mobile social network and Facebook rival that lets users create and share text, photos, videos and live broadcasts, Pheed counts about five million users. (Inbal Orpaz)

Group formed to promote cyber in Be’er sheva

EMC, Jerusalem Venture Partners and BGN Technologies, the technology transfer company of Ben-Gurion University of the Negev, this week launched the CyberSpark Industry Initiative, a non-profit to promote the cyber center being developed at the Advanced Technologies Park in Be’er Sheva. The CyberSpark Industry Initiative will serve as a coordinating body for cyber industry activities with government agencies, the army and academia, and help brand the region as a global cyber center. It will also recruit companies to set up operations in the park. Roni Zehavi, a high-tech entrepreneur and former Israel Air Force pilot, was appointed managing director. “Be’er Sheva and the south of Israel have vast potential to be transformed into an international center of excellence, combining large multinational companies, startups, academia and significant governmental commitment,” Zehavi said. (TheMarker)