Tech Nation Alibaba Investing in Israel’s Visualead

Tsofen and ITWorks to provide Arab sector high-tech training via the Economy Ministry; Real Match recruitment firm raises $8 million.

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People ride a double bicycle past a logo of the Alibaba Group at the company's headquarters on the outskirts of Hangzhou, China, November 10, 2014.
שלט של עליבאבא מחוץ למטה החברה בהאנגג'ואוCredit: Reuters

Chinese Internet giant Alibaba is investing in Visualead, an Israeli startup that has developed its own technology for the creation of QR codes, the bar codes that can be swiped with smartphones and typically generates a link to a website. Visualead, which was founded in 2012 and has offices in Herzliya and Shanghai, announced the investment from Alibaba on Tuesday but did not specify the amount it would be receiving, thought to be between $6 million and $9 million. The two companies have also signed a strategic cooperation agreement that will give Alibaba use of Visualead’s technology. The Israeli company said the money will be used to expand staff both here and in China as well as to further develop its technology. Alibaba is just the latest Chinese Internet company to invest in Israel. Last month Baidu invested $3 million in Pixellot, whose video capture technology enables the filming of sporting events and other venues from a variety of angles. (Inbal Orpaz)

Tsofen and ITWorks to provide Arab sector high-tech training via the Economy Ministry

The Economy Ministry announced this week that the Tsofen and ITWorks organizations are the two successful bidders in a program through which the ministry will be spending 10 million shekels ($2.5 million) on training to integrate college-educated Arab and minority Circassian Israelis into the high-tech sector. Tsofen is an Arab-Jewish organization devoted to the integration of Arabs into the Israeli high-tech sector, while ITWorks is an organization that promotes diversity of employment and job opportunities among underrepresented population groups. (TheMarker)

Real Match recruitment firm raises $8 million

Real Match, an online recruitment advertising firm, announced this week that it had closed $8 million in venture capital funding as part of a C-1 round. The company, which is headquartered in New York and has its development center in Kfar Sava, northeast of Tel Aviv, said the round was led by Edison Partners, which was joined by Orix Ventures and Carmel Ventures. Established in 2007, the company focuses on products and services that can provide a revenue stream for online recruitment publishers. (TheMarker)

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