TechNation: Minute Media Raises $15 Million for Fan-produced Content Platform

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Israeli high-tech needs its funding (illustration).Credit: Bloomberg

Minute Media raises $15 million for fan-produced content platform

Minute Media, which lets sports fans produce and manage content on their favorite teams, clinched another $15 million in capital this week, bringing its total fundraising since it was founded in 2011 to $60 million. The latest round, announced on Tuesday, was led by Qumra Capital, an Israeli late-stage venture fund, and joined by Minute Media’s existing investors Battery Ventures, Dawn Capital and ProSieben. The proceeds will serve to expand into new global markets ahead of the 2018 World Cup, introduce new sports brands and expand editorial and commercial teams. After the launch of its U.S. platform last May the company opened offices in Sao Paulo, Singapore and Tokyo. Founded as 90min by CEO Asaf Peled, Gili Beiman and Yuval Larom, Minute Media has grown 30 million monthly users to 70 million over the last 12 months and delivers over 20,000 pieces of original content in 11 languages. (Eliran Rubin)

IntSight secures $15 million just four months after $7.5 million round

Just four months after it secured a $7.5 million investment, IntSight said on Monday it had raised another $15 million it will use to expand marketing, sales and engineering of its platform for helping businesses cope with new and constantly changing cybersecurity threats. The latest round includes money from Glilot Capital Partners, Blackstone, Blumberg Capital, Wipro, Vintage Investment Partners, and other strategic investors, InSights said. “Unlike companies that analyze attacks after they have started, we want to identify planned attacks in their early stages and we do that by surveying the internet, including the dark web, to look for suspicious activity,” said cofounder Guy Nizan .Proceeds will be used by IntSights to expand its U.S. presence and hire staff in the U.S. and Israel. The company now counts 35 employees, 28 of them at its Herzliya offices. The startup was founded two years ago by Nizan, Alon Arvatz and Gal Ben-David, veterans of elite intelligence and cybersecurity units in the Israeli Defense Forces. (Eliran Rubin)

Intuition Robotics raises money for robotic companion for the elderly

Intuition Robotics, which has developed robots that serve as social companions for the elderly, said it had raised capital from the publicly traded company iRobot Corporation and equity crowdfunding platform OurCrowd. The investment brings the total funding in the company to $6 million, said the Ramat Gan-based startup whose ElliQ, a voice-activated robot that enables users to make video calls, play games online and use social media. The robot can learn the user’s preferences and recommend music and audiobooks. The new investors join Terra Venture Partners, who led the Intuition Robotics’ seed round, as well as other original investors including Bloomberg Beta, Maniv Mobility and private investors. Intuition Robotics will open its U.S. headquarters in Silicon Valley this year to bring on board key talent and launch marketing operations in the U.S. “We see potential for Intuition Robotics’ products to have massive impact on the world’s aging population,” said OurCrowd CEO Jon Medved. (The Marker Staff)

Samanage raises $20 million for tool to help employees

Samanage, a startup that provides tools for employees within a company to do their jobs better, completed a $20 million round on Tuesday. The company is based in Cary, North Carolina, but its founder, Doron Gordon, is Israeli, as are many of its top executives and most of the investors in the round, which included Herzilya-based Carmel Ventures, Gemini Israel Ventures, Marker LLC and Vintage Investment Partners. Salesforce Ventures, a unit of,was joined in the round at the same time Samanage launched its Service Desk, Enterprise Edition app on the Salesforce AppExchange. Until now, Samanage had aimed mostly for the small to medium-sized business market, but the new app marks the transition to addressing bigger businesses. Formed in 2007 by Gordon and counting 1,400 customers, Samage has offices in Netanya. (TheMarker Staff)

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