TechNation/ Elbit Spin-off Launching Smart Glasses Line

ElMindA raises $28 million for brain-monitoring technology; SafeDK secures $2.25 million for app developer database; Lufthansa on the lookout for Israeli innovations.

Elbit Systems (Courtesy)

Elbit spin-off launching smart glasses line

Elbit Systems has taken the advanced technology it uses to help fighter pilots and is applying it to bicyclists. The defense electronics company said Tuesday it will launch its Everysight smart glasses line next year with a special product designed for cyclists.

Raptor by Everysight will offer unique see-through display technology that overlays information directly in the wearer’s line of sight without blocking his or her view.

“We have more than 30 years of experience and dominate the market in vision systems and augmented reality, integrating real-time data in pilots’ helmets to optimize performance and keep pilots safe and focused on what matters. Now we’re bringing this experience to the consumer market,” said Asaf Ashkenazi, CEO of Everysight , which is being spun off as a separate company with backing from outside investors. Everysight will enable third-party developers to create apps for the glasses. (TheMarker)

ElMindA raises $28 million for brain-monitoring technology

ElMindA, whose technology is used to objectively assess brain health and brain-related disorders, said Monday it had secured $28 million in new capital to bring its Brain Network Activation) system to the market.

Investors include Shanda Group, New England Patriots owner The Kraft Group, Wexford Capital, WR Hambrecht & Company, Palisade Capital Management, OurCrowd and Healthcrest AG. ElMindA’s proprietary noninvasive technology provides an accurate, objective assessment of neurological and psychiatric disorders such as depression, Alzheimer’s disease, Parkinson’s disease and attention deficit hyperactivity disorder, known as ADHD. It applies advanced signal processing and machine-learning algorithms to data from large populations in order to identify patterns of neuronal networks that are activated during specific brain functions, such as memory or attention.

BNA has approval from the U.S. Food and Drug Administration and CE Mark approval in Europe for brain function assessment. (TheMarker)

SafeDK secures $2.25 million for app developer database

SafeDK, a maker of software for app developers founded by two women, has raised $2.25 million in a funding round led by StageOne Ventures. Tech investors Eddy Shalev and Marius Nacht joined the round, together with Kaedan Capital. SafeDK, which was founded by CEO Orly Shoavi and Ronnie Sternberg, said its service monitors third-party software development kits in real time to warn developers about privacy, performance and stability issues and let developers to turn off problematic SDK features without affecting the app’s functionality.

The company’s first target market is the United States. “I had to search a lot, and there was no one place to find SDKs and comments about them. It was very frustrating,” said Shoavi, a former business developer herself. SafeDK will provide an SDK database where people can rate and comment on SDK features to help developers in the future. (TheMarker)

Lufthansa on the lookout for Israeli innovations

Lufthansa Group, the German aviation group, is on the hunt for Israeli technology that can help ease passengers’ lives. In an interview with TheMarker, Jens Bischof, chief commercial officer of Lufthansa Airlines, said he was looking for technology that, for example, could warn a passenger about traffic on his or her way to the airport or how long check-in will take. Bishof was in Israel for a short visit earlier this month with several startups and with Start-Up Nation Central, a business matchmaker nonprofit.

Lufthansa is already working with Israeli tech entrepreneur Yossi Vardi and has an agreement for a device that prints image on the foam topping a cup of cafe latte or cappuccino, as a way of keeping travelers entertained while on line. The carrier set up a technology incubator in Berlin last year and plans to invest 500 million euros ($533 million) in new technology  by 2020. (Rina Rozenberg)