Israel Innovation 2.0

Inside Israeli Technology

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labpixiesGoogleIsraeli business newspaper, Globes has reported that Google acquired Israeli app publisher LabPixies. The purchase, which is estimated to be at $25 million, is Google’s first in Israel. LabPixies will be integrated into Google’s R&D office in Tel Aviv which focuses on web and mobile development, such as YouTube Annotations and Google Trends, and will focus on iGoogle efforts in the Europe, Africa and the Middle East. The acquisition is expected to also help Android app efforts.

Below is a timeline with some of the major events showing Google’s road to Israel and its acquiring LabPixies.

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During the week of April 18, 2010, Wibiya announced that it raised $2 million for its customizable web-based toolbars. Forbes magazine named Israel’s Shari Arison, founder of Miya, one of the world’s greenest billionaires and Testuff released a Mac version of its test management software. For these stories and more, see this week’s 11 Israel-related headlines below.

Cleantech
1. 10 reasons Israel is a cleantech leader

2. Israeli researchers develop small, lightweight hydrogen storage tech

3. Israel’s greenest billionaire

4. Israel’s TaKaDu Goes After the Other Grid: Water

Investment and Economy
5. ‘The idea was to use the crisis to strengthen the economy’

6. Trade pact with Israel to give foothold in West Asia

7. Wibiya Raises $2 Million For Customizable Web-Based Toolbars

Information Technology
8. Testuff Launches a Mac Version of its On-Demand Test Management Service

9. Trusteer detects new Zeus (Zbot) password stealing Trojan

Miscellaneous
10. TAU professor tips off US over security flaw in e-passports

11. Israel Reverses iPad Ban

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During the week of April 11, 2010, Arava Power announced a major investment plan for 15 Israeli solar fields. Israeli start-ups are still facing a hard time raising funds in Israel and Israeli researchers have developed a way to secure online data using laser technology. For these stories and more, check below for this week’s headlines.

Cleantech
1. Charged Environment

2. Arava Power Will Invest $535 Million in 15 Israeli Solar Fields

Investment
3. Bitesize Friday – Israeli Funding Recap

4. Israel’s Infinity expanding China investment fund

5. Israeli start-ups face funding crunch at home, turn to US and European investors

Information Technology
6. Total security for online data

7. Clarizen Growing SaaS Work, Project Management Channel

8. WeFi for Android Gets Enhanced Maps and Location Support

Miscellaneous
9. Israeli Team Snags Top Robotics Award for Second Consecutive Year

10. Where hi-tech startups meet the economy

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During the week of March 21, 2010, Israeli and U.S. officials discussed the future of water technology. Ness Technologies plans to buy BI company Gilon and Red Bend Software now reaches 680 million mobile devices. For these stories and more, see this week’s 8 Israel-related tech headlines below.

Cleantech
1. The Top Fifty Green Start-ups (Brightsource)

2. U.S. and Israeli officials convene in Washington for water technology forum

Investment and M&A
3. Ness Technologies to Buy Gilon for $17.5M

4. Cryptzone to acquire security software provider (Israel-based ControlGuard)

Information Technology
5. Red Bend Software Now Reaches 680 Million Mobile Devices

6. Phone call emotion analyzer is a winner (w/ Video)

Miscellaneous
7. Tech Companies Play the Franco-Israeli Nexus

8. US MBA students study Israel business 101

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During the week of February 28, 2010, it was confirmed that Kampyle, a user feedback analytics platform maker, closed a round of funding in 2009 in addition to it increasing its customer base by 25,000 to 35,000. Check Point introduced a new USB stick with VPN and SolarEdge signed a partnership agreement with Flextronics. For these stories and more, see this week’s headlines below.

Cleantech
1. Tech lessons from Israel on how it conserves and manages its water

2. SolarEdge Signs Manufacturing Partnership Agreement with Flextronics

Information Technology
3. Microsoft OneAlbum: Fusing Facial Recognition and Social Networks – The Future of Windows Live Photos?

4. Security key to unlocking cloud potential

5. Kampyle Confirms Funding, Kicks Off Beta Test For Application Feedback Product

6. Check Point puts VPN in USB stick

Miscellaneous
7. Hello My Name is…The Case for a Jewish Meetup.com

8. Israel and France to hold conference for young scientists in Jerusalem

9. ‘Start-Up Nation’ Author: Mentor Networks Key to Luring Israeli Startups

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During the week of February 21, 2010, news broke that Al Gore’s investment firm invested in Israeli road-safety tech company, GreenRoad. Currensee raised $8 million and innovate!2010 in Tel Aviv was announced. For these stories and the rest of this week’s headlines, see below.

Cleantech
1. GreenRoad raises $10M from Al Gore’s Generation Investment Management

2. Terra Venture Partners Billed Israel’s Most Active Venture Capital Investor in 2009

Investments and M&A
3. $8 Million Series B For FOREX Social Network Currensee

4. Critical mass at core of Israel’s tech prowess

Information Technology
5. Moving HQ overseas: Rony Ross, Panorama Software (Interview)

6. Actimize, a NICE Company, Positioned in Leaders Quadrant of Magic Quadrant for Web Fraud Detection

Miscellaneous
7. startup contest innovate!2010 coming back to tel aviv

8. Why aren’t there more women in startups? Some new data.

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The week of February 7, 2010, was big for investments and M&A. Social music player TuneWiki raised $7 million and among Israeli companies to be acquired were Convergin, which was picked up by Oracle, and Exanet, bought by Dell. IBM continues to grow its XIV channel and 3DV and PrimeSense continue to be big players in providing sensor technologies for consumer electronics. See below for these stories and more from the week of February 7, 2010.

Cleantech
1. Better Place Sees Electric Cars on Israeli Roads by End of 2011

2. Arava Power: Agreements for 15 Initial Solar Fields

Investments and M&A
3. Oracle Acquires Israeli Startup Convergin

4. Dell Acquires Storage Vendor Exanet

5. Social Music Player TuneWiki Raises $7M From Motorola Ventures, Others

Information Technology
6. Interview with Frederic Aknin, Sparkeo: Innovators in E-Learning Series

7. Point, click: a review of gesture control technologies

8. IBM Expands Channel Program Around XIV Storage Line

9. Opera and Perfecto Mobile Partner To Offer Remote Testing on Real Mobile Devices

Miscellaneous
10. Case Study: Students teach the CEOs

11. Emblaze Brings Patent Infringement Suit against Microsoft, Apple

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During the week of January 24, 2010, electric car venture Better Place raised $350 million. Vringo, a video ringtone company, filed for an IPO and data storage company Continuity Software announced that it added service management software to its offerings. For these stories and the rest of this week’s 8 headlines, see below.

Cleantech
1. Israeli wastewater firms to benefit from new regulations

2. Better Place wins $350 m. investment

Investments
3. Analyst: Israel to benefit from new MSCI standing

4. Video Ringtone Company Vringo Files For $13.8 Million IPO

Information Technology
5. San Mateo’s Clarizen manages growth against major software competition

6. Continuity Software adds SLA management to DR software

Miscellaneous
7. Secrets of the box-office smash

8. Design Museum by Ron Arad Opening in Israel

Rony Ross

There is an ongoing discussion in Israel about women in the sciences and technology and the conditions women find themselves in in the field. The discussion was renewed by the Jerusalem Post in October 2009 after Israel’s Ada Yonath won the Nobel Prize in chemistry when it published a piece on the difficulties of receiving research grants and getting a fair salary in Israel. Shortly thereafter I continued my series on women in tech with a post about some of the unique challenges that women face in Israel.

I recently had the opportunity to interview Rony Ross, the founder and current chairwoman of Panorama Software, a business intelligence software company. Ross was born and raised in Israel and overcame challenges as a female entrepreneur to grow Panorama into the successful company that it is today.

Around what age did you become interested in technology?
I excelled in mathematics as a teenager, and shortly thereafter got interested in computer software. I studied Mathematics and Computer Science for my B. Sc and M.S degrees. While working on my Masters dissertation at the Weizmann Institute of Science, my professor, Amir Pnueli (winner of the Turing Award), offered me to join the software development department of one of the first hi-tech companies in Israel – SciTex. I went to visit the SciTex facility, and what I saw was so amazing and compelling that I could not believe someone was going to pay me in order to work in something that looked to be so much fun.

How did you get into the field?
I worked in Software Development, got my MBA degree in parallel, and moved to senior IT management positions. It was only after 40 that I became an entrepreneur and started my own business. A couple of years later, while working on other projects, we hit upon the idea of developing a product in the Business Intelligence field. This product developed into Panorama – a very compelling offering in the online analytical processing (OLAP) side of the Business Intelligence domain. We sold the product successfully to over 50 of the Israeli Fortune 100 companies in under 2 years. Then we met with Microsoft and they loved the product so much they offered to buy the company after the first 3 hours of the meeting. This became the first classic “exit” of an Israeli software company selling to a US software giant.

What obstacles have you faced as a female founder of a company?
When I was developing my first product I tried to raise capital from venture capitalists and failed. I had a very competitive product in a growing field, with established, paying customers who could testify to the value proposition, with a good business plan,  etc. I tried practically all the VCs who were in business at the time – and failed with all of them. I believe that this failure is largely due to the fact that I am a woman entrepreneur. A guy with the same credential would have succeeded. (Of course, this impediment became a blessing when I sold the technology to Microsoft and had no VC to share the income with…)

In recent years, have you seen more or less women going into technology?
When I studied Mathematics, almost half the students were women. There were a lot of women in IT in the period that preceded the PC’s. However, with the outbreak of the early home PC’s , there was a distinct advantage to youngsters with affinity to technical skills (even manual technical skills), and I find that young girls are less interested in disassembling and assembling technical kits. So for many years girls felt “excluded” from the Computer Science field, and opted for other careers. Still, many found their way eventually into hi tech in various positions – but very few made it to the top. However, in recent years I’ve seen a surge of young female entrepreneurs, especially in the Internet arena, which is a very promising sign.

What do you think can be done to get more women in Israel in technology?
Education, education, education. The key is to raise the awareness of girls from an early age about the advantages of making a career in technology fields. These are top paying jobs, and women should target them.

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During the week of January 3, 2010, Dot Hill bought storage company Cloverleaf for $12.5 million. China’s Sanhua invested in Israeli solar firm, HelioFocus and new vulnerabilities were discovered in Twitter and Google Calendar. For these stories and more, check below for this week’s 9 Israel-related headlines.

Cleantech
1. Are Energy Advances in Israel in Parallel With Those Abroad?

2. China’s Sanhua invests in Israeli solar firm

Investments
3. Dot Hill confirms storage virtualization acquisition

4. Clean tech gets big piece of venture-capital funding

Information Technology
5. 3D sensor co PrimeSense attracts Vegas attention

6. Vulnerabilities Discovered In Twitter, Google Calendar

Miscellaneous
7. Researcher: Computers in schools do not improve students’ results

8. One third of high-tech incubator companies succeeded

9. Animating the Na’vi with an Israeli swagger