Tech Nation / Cellcom, Pelephone Close to Awarding 4G Contracts

Pango raises $6.5m from Canadian-led group; Cybersense raises $5 million.

Cellcom, Pelephone close to awarding 4G contracts

Cellcom Israel and Pelephone, two of Israel’s biggest wireless carriers, are two to three weeks away from awarding contracts to build 4G networks. Sweden’s Ericsson, Finland’s Nokia Solutions & Networks and Alcatel-Lucent of France are vying for the contracts, each of which is worth about $100 million. Cellcom and Pelephone might award contracts to more than one supplier. The Communications Ministry has not yet allocated frequencies for 4G, nor have regulators decided whether to allow the cellular providers to cooperate in building and operating the new networks. (Amitai Ziv)

Pango raises $6.5m from Canadian-led group

Pango Mobile Parking, whose mobile app allows users to pay for parking with their smartphone, has raised what could be as much as $6.5 million in a financing round led by the Canadian investor Bearing Capital. Proceeds from the round, which included some existing Pango shareholders, will be used to fund growth and the development of next-generation smart parking applications.  Pango launched its service across Israel in 2007 and now claims more than 800,000 users. Its technology is in use in Germany, Greece, Poland and the Czech Republic. Pango recently launched its service in Alexandria, Virginia and in Scranton, Pennsylvania with on-street city /municipal cellular parking services and in New York City in private garages. (TheMarker Staff)

CyberSense completes $5m financing round

CyberSense, which provides Internet security solutions aimed at blocking new forms of malware, has raised $5 million in first-time funding from Israel’s BRM Group and California’s Opus Capital. The company said it was also opening a Silicon Valley office, with cybersecurity industry veteran Carl Wright appointed president and general manager, North America. Founded in 2012, CyberSense is led by CEO Yaniv Alfi, VP services and research Moshe Ben-Simon and Chief Technology Officer Yuval Malachi. “Customer installations of the CyberSense360 solution have repeatedly detected and thwarted attacks that were not discovered by other products,” said Dan Avida, a general partner at Opus. (Orr Hirschauge)

Tomer Appelbaum