Tech Briefs


Israeli startups account for 11% of all cyber-security fundraising
Israel’s cyber-security startups captured 11% of all the venture capital financing globally for the segment in 2013 and accounted for about 5% of global sales, Eviatar Matanya, head of Israel’s National Cyber Headquarters, told a cabinet meeting this week. Israeli cyber startups raised $165 million in capital this year while exports reached $3 billion, three times what British cyber companies do. He estimated 224 cyber startups operate in Israel, more than half of them formed since 2010. Matanya said a team in his office would soon complete work on proposals for easing cyber exports in order to encourage this industry. (Orr Hirschauge)

Vocativ will partner with MSNBC on news
Vocativ, the startup media company that mines social networks and databases to generate news content. will produce stories for the digital media outlooks of MSNBC and NBCUniversal News Group, the two sides said yesterday. No financial terms were disclosed. Initially launching on the MSNBC show Ronan Farrow and, Vocativ-produced stories will cover a broad range of topics and trends from around the world. “The collaboration with Vocativ extends our ability to connect them with fresh voices and perspectives from around the world,” said MSNBC President Phil Griffin. Founded by Israeli entrepreneur Mati Kochavi, New York-based Vocativ uses proprietary technology to analyze the 80% of the Internet that search engines do not reach to uncover new voices and perspectives on current events. (TheMarker Staff)

Intel offering enhanced severance terms as part of global staffing cutback
Intel Israel is offering scores of its close to 10,000 employees incentives to quit as the unit implements its share of a worldwide program to reduce staffing by 5%. Employees are being offered the equivalent of four monthly salaries as part of an enhanced severance package, sources told TheMarker. The company, however, denied there were any layoffs. “At Intel, there is a program to reduce costs including a workforce reduction,” it said. “When we speak about a workforce reduction, there are several options – moving employees to other assignments, voluntary retirements, early pension and others, so that it would be a mistake to call them layoffs.” (Orr Hirschauge)

MyHeritage teams up with BillionGraves to document tombstones
MyHeritage, a social network site dedicated to genealogy, says it had teamed up with BillionGraves to launch a worldwide crowdsourcing initiative to digitally preserve the world’s cemeteries. BillionGraves’ application enables users to photograph and document gravestones and records their GPS location, which are then transcribed by volunteers on the BillionGraves website to create searchable digital data. “Billions of gravestones in thousands of cemeteries worldwide have never been documented nor has their information been made available online,” Or Yehuda-based MyHeritage said. With the help of MyHeritage, the app will be available in 25 languages, and support Gregorian, Hebrew and Julian dates. The records will be available for free on the BillionGraves’ website, and MyHeritage’s search engine for historical records. (TheMarker Staff)

Magisto raises $2m from Russia’s Mail.Ru
Magisto, the cloud-based mobile video platform, said Friday it had raised $2 million from the Russian Internet company Mail.Ru Group. In addition, Magisto said it was integrating its product into Odnoklassniki, a wholly owned subsidiary of Mail.Ru and the second-largest social network in Russia, with 33 million daily unique visitors. Mail.Ru has been expanding its product and service portfolio, including launching, an integrated communication and entertainment platform based in California, and investing in dozens of startup companies. Magisto said it now has more than 20 million registered users and is acquiring new ones at a rate of 2 million a month. (Earlier Magisto investors include Qualcomm Ventures and SanDisk Ventures.)

Israeli startup technology.Credit: Bloomberg

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