TechNation/ Nano Dimension to Raise $11.4 Million

Nano Dimension to raise $11.4 million; Samsung Israel R&D chief leaves for Intel; Three startups raise combined $14.5 million.

Galit Rosen

Nano Dimension to raise 44m shekels

Nano Dimension, an Israeli company that in April launched a 3-D printer for making printed circuit board prototypes, said Monday it is planning to raise 44 million shekels ($11.4 million) in a private placement of shares as it begins commercial operations. The company, which is traded on the Tel Aviv Stock Exchange, plans to sell the shares to new and existing investors at 5.50 shekels. Nano also vowed Tuesday to get its shares listed as American depository receipts on Wall Street immediately. The company said its loss widened to 3 million shekels in the first quarter from 443,000 shekels a year earlier. (Dror Reich and Omri Zerachovitz)

Samsung Israel R&D chief leaves for Intel

Amit Baruch stepped down as head of R&D at Samsung Israel for a top job at Intel Israel. Intel said on Sunday that Baruch would be a vice president in the emerging technologies group. Baruch said the group “will harness parallel computing capabilities, recognition engines and image and language understanding to develop and establish the building blocks of cognitive computing.” During his seven years at Samsung, Baruch headed a team of 250 people that develops components and basic technologies at two centers in Ramat Gan as well as a second center in Yakum that is focused on software and services.  (Inbal Orpaz)

Three startups raise combined $14.5 million

Ubimo, whose technology enhances location tech with information such as weather and local events, raised $7.5 million from a group led by Pitango Venture Capital together with OurCrowd and YJ Capital, Yahoo’s Japanese investment arm. Nexar, which has developed a new road safety app,  raised $4 million in a round led by the venture capital fund Aleph, with the participation of Jumpgate and Slow Ventures. Nexar was co-founded by Eran Shir, the former manager of Yahoo’s Creation Innovation Center in Israel, and Bruno Fernandez-Ruiz, a former Yahoo vice president. EverCompliant, which provides cyber risk intelligence and merchant fraud detection solutions, raised $3.5 million from Carmel Ventures and Nyca Partners, joined by existing investors EverCompliant and Joey Low of Star Farm Ventures. (TheMarker)