Year-old iOnRoad sold: Just a year after its establishment, iOnRoad has been sold to the Harman group, which makes systems for cars. The price for the seven-man startup wasn't disclosed but was apparently about $10 million. iOnRoad developed a smartphone app to improve actual driving, which will be integrated into Harman offerings for cars. You stick the phone in the windshield and the phone uses its camera and sensors to detect risk, such as you driving up the tailpipe of the car in front. It then alerts you with an audio-visual warning which boils down to "Brake now." About a million dollars had been invested in the startup by angels.
Pelephone to host Cellact: Pelephone has agreed to host yet another mobile virtual network operator, Cellact Communications, which until now had confined its operations to developing equipment for telecom operators. Pelephone evidently realized the competition is here to stay and has made it a policy to embrace it through hosting services: it already hosts Rami Levy (as an MVNO) and HOT Mobile (domestic roaming). It agreed to host Hamashbir Mobile, Free and Five too but they never got off the cellular ground. Cellact won't be offering service to all, but to niches.
- Tech Roundup / Can You Sue the Pope? Don't Click to Find Out
- Tech Roundup / Hackers Inspire Investors: A Boon for Israeli Cyber Security Companies
- Tech Roundup / Netvision Unplugs From Internet Exchange, Minnow Providers Fume
- Startup of the Week / Helping the Little ISP in Uganda
Stevie scoops contest: The Israeli startup Stevie TV has won the interactive television MIPCube Lab contest, beating dozens of other contenders including fellow Israeli startup eTribez. Its prize: the opportunity to meet with potential investors and collaborators. Founded in October 2011, Stevie has raised $2.1 million to date. Its product is based on the Homo sapiens' penchant for sharing video clips. As it puts it: "Stevie brings videos, status updates, tweets, events, birthdays, headlines & much more, runs them through a bunch of algorithms and turns them into an automatic lineup of engaging shows." There you have it.
World Bank leads financing round for DiViNetworks: The investments arm of the World Bank put up half the $10 million DiViNetworks raised in its latest financing round. Founded in 2004, Tel Aviv-based DiViNetworks has created a data compression technology for Internet in order to improve data traffic, lowering costs for phone companies, mainly in Africa and South America, which are its chief clients.
Dudamobile raises $10 million: Dudamobile has raised $10 million from existing shareholders, in an expansion of a $6 million financing round begun in 2012. The company, which has 55 employees, means to use the proceeds to hire up to 15 more engineers, designers and product managers, it said. To date Dudamobile, which makes software to adapt websites for mobile devices, has raised $18 million.
SupportMachines scores $1 million funding: Petah Tikva-based SupportMachines, which developed an automatic chat system used by Israeli mobile operators, managed to raise $1 million. For instance, say you log onto technical support by chat. With the company's technology you wouldn't immediately get a live person at the other end – it's the chat equivalent of automated reply. The company was founded in 2007.
Net Applications gets $7.5 million: Net Applications, which is developing a noninvasive device to measure sugar levels in the body in the home, raised $7.5 million at a company value of $38 million. The company was founded in 2001 by a group of entrepreneurs including David Ferger, who passed on from diabetic complications in 2004.
With writing by Inbal Orpaz, Orr Hirschauge, Maya Epstein and Amitai Ziv