Showing posts with label Israel. Show all posts
Showing posts with label Israel. Show all posts

Friday, June 14, 2019

Intel backs early-stage start-ups in Israel

Intel is launching an incubation program focused on early-stage startup companies in Israel in key segments, including artificial intelligence (AI), autonomous systems and other data-centric technologies and business models.

The Intel Ignite program, which is based in Tel Aviv, will leverage Intel’s global market access and business and technology leadership to provide early-stage startups with unique advantages on their paths to disrupt the future.

Intel will host 10 to 15 top pre-seed to seed startups through a 20-week program where they will receive hands-on mentorship from Intel and industry experts in a variety of product, business, management and technical areas. Intel is committed to accelerate their growth and scale their ideas for greater impact.

“Intel has always worked in concert with open ecosystems to scale new technologies so they can be transformational for our customers, business and society. This process is fueled by the innovation and passion of the startup community,” said Intel CEO Bob Swan. “Israel has the deep skill base in AI, autonomous systems and the underlying technologies critical to these inflections that make it a natural choice to launch our Ignite program.”

Friday, April 5, 2019

Teridion raises additional $9M for cloud-based SD-WAN

Teridion, a start-up headquartered in San Francisco with offices in Petah Tikva, Israel, closed $9 million in financing, for its cloud-based WAN service.

The funding round was led by Jerusalem Venture Partners (JVP) with participation from existing investors Magma Ventures and SingTel Innov8. The company has now raised $35 million to date.

Teridion's public WAN service promises carrier grade, SLA-backed performance and reliability with the agility, elastic scale, and global reach of the public cloud. Teridion's cloud-based WAN service is powered by Teridion Curated Routing, a cloud native approach to routing that "draws on the power of deep learning that brings hierarchical and centralized routing to enterprise networking to radically improve WAN, application and SaaS performance. "

"Enterprise networking is radically evolving," said Gadi Porat, Partner at JVP. "The Internet is the new LAN, and Teridion is pioneering the use of the powerful capabilities of the public cloud in enterprise networking, the same way public cloud providers caused a revolution in data center compute. Teridion's curated routing and ability to deliver a high performance, highly reliable WAN globally at broadband price points illustrates the power and capability of the Cloud edge. We see a significant opportunity with this investment, and look forward to working with Teridion as they continue to innovate in enterprise networking and the Cloud edge."

"We have proven the Teridion technology and the business model with our SaaS offering for the past 3 years, and this new investment further enables us to bring our service to the enterprise market," said Saar Gillai, CEO of Teridion. "We have seen strong traction among enterprise customers, channel partners, and technology partners since our Teridion for Enterprise announcement last November, and we are aggressively entering this new market with expanded sales and marketing efforts."

Wednesday, April 3, 2019

Aqua raises $62M for cloud-native security

Aqua Security, a start-up based in Tel Aviv, Israel, announced $62 million in Series C funding for its cloud-native security solutions.

Aqua’s Cloud Native Security Platform provides visibility and security automation across the entire application lifecycle, using a zero-touch approach to detect and prevent threats while simplifying regulatory compliance. Aqua has extended its platform to support serverless environments, and all major cloud and orchestration environments. Its solutions are available on demand with consumption-based pricing on the recently launched AWS Marketplace for Containers and Google Kubernetes Apps Marketplace, as well as on Azure Marketplace.

Aqua said it now has more than 100 blue-chip companies across the energy, aerospace, internet, media, travel, retail, pharmaceutical and hospitality sectors among its customers. The company also claims that its platform secures five of the world’s ten largest container production deployments.

“We are thrilled to have Insight Partners as investors to propel Aqua’s next phase of growth,” noted Dror Davidoff, CEO and co-founder of Aqua. “The adoption of cloud native technologies provides an opportunity for security to be redefined, addressing the chronic cybersecurity skills shortage through automation, and creating applications that are secure by design. With this significant investment and our focus on the needs of enterprise customers and product innovation, we can take the next step to realize our vision.”

Monday, July 30, 2018

Cloudify appoints Ariel Dan as CEO

Cloudify, which specializes in IT operations automation technology, named Ariel Dan as its new CEO, replacing Zeev Bikowsky, who has been serving as Chief Executive Officer for nearly a decade.

Prior to Cloudify, Ariel led two companies to M&A, and has extensive experience in building sustainable cloud & SaaS operations.

While leading Cloudify, Bikowki was also the driving force behind establishing GigaSpaces.

Cloudify is based in Herzliya, Israel and funded by Intel Capital, Claridge Israel, BRM Group, FTV Capital, and Formula Vision, as well as additional private investors.

Monday, March 5, 2018

NTT Docomo invests in Otonomo for car data sharing

NTT DOCOMO Ventures has made an equity investment in Otonomo Technologies Ltd., a start-up based in Herzeliya, Israel, that is developing a marketplace for connected car data. Financial terms were not disclosed.

Otonomo offers a centralized platform through which car-generated data parameters are packaged into data bundles and offered to service providers to create innovative new applications and services.

The Otonomo platform addresses functionality such as accounting, billing, security, market management, privacy protection, regulatory compliance, data anonymization and normalization, API linkage and more. The company says it is engaged with dozens of auto manufacturers and Telematics Service Providers, and has an ecosystem comprising many dozens of partners.

Wednesday, January 17, 2018

Tel Aviv-based VDOO raises $13M for IoT security

VDOO, a cybersecurity start-up based in Tel Aviv, Israel raised $13 million in initial funding for its efforts to create an end-to-end platform for the automated analysis and certification of security on connected devices.

VDOO said its solution performs a security gap analysis on IoT devices, against the specific security requirements for each device type, and provides a detailed recommended plan of action to fill security gaps. Once security features have been implemented, VDOO validates that security requirements have been met and provides physical and digital certifications. The on-device digital certification agent monitors the security state of the device and communicates it to other systems such as gateways, firewalls, and edge solutions; which provides post-deployment security, ensuring the device is not being compromised.

VDOO was founded by Netanel Davidi, Uri Alter, both of whom previously founded Cyvera, a company that developed endpoint security solutions and which was acquired by Palo Alto Networks in 2014. A third founder of VDOO is Asaf Karas, who brings 2 decades of cyber experience with the IDF.

The venture round was led by 83North (formerly Greylock IL) and included participation by Dell Technology Capital and other strategic individual investors, including David Strohm, Joe Tucci, and Victor Tsao.

Wednesday, December 20, 2017

Anodot raises $23M for AI-driven analytics

Anodot, a start-up based in Ra'anana, Israel with offices in Sunnyvale, California announced $23 million in Series B funding for its AI-powered analytics.

Anodot's AI-powered analytics tracks and correlates massive volumes of business and technical data in real time to identify business incidents, such as e-commerce glitches. The company recently achieved Amazon Web Services' Machine Learning competency, a status held by only 17 companies globally.

Anodot cited several examples: it insights enabled a retailer to update its pricing to address competitor's bidding activity that was affecting product revenue; a mobile games company to resolve customer engagement drops resulting from its AB tests, and a fintech company to protect its revenue by reducing incident resolution time by 99%.

Over the past year, Anodot says it has more than tripled its revenues, with customers such as Foursquare, Lyft, Microsoft, Upwork and Waze (Google).

The most recent investment was led by Redline Capital Management together with existing investors Aleph Venture Capital and Disruptive Technologies Venture Capital.

Anodot is led by David Drai, co-founder and CEO who previously co-founded Cotendo (acquired by Akamai). Also on the Anodot founding team are Ira Cohen, formerly Chief Data Scientist at HP, and software R&D executive Shay Lang.

Friday, November 3, 2017

Continental acquires Argus Cyber Security

Continental has acquired Argus Cyber Security (Argus), a start-up focused on vehicle cyber security. Financial terms were not disclosed.

Argus, which was founded in 2013, is headquartered in Tel Aviv, Israel and has a team of more than 70 people. The company has 38 granted and pending patents in the area of cyber security for automobiles.

Continental said the acquisition the acquisition will help it to better address the needs of vehicle manufacturers and suppliers around the world in defining and implementing strategies and countermeasures to minimize the exposure of vehicles to cyber risks. The goal is to provide multi-layered, end-to-end security and services including intrusion detection and prevention, attack surface protection and fleet cyber security health monitoring and management via a security operations center (SOC) to protect vehicles in the field over their entire lifespan. The companies will also provide software updates over-the-air solutions.

Argus will be a part of EB, Continental's stand-alone software company and will continue to engage in commercial relations with all automotive suppliers globally.

"Only secure mobility is intelligent mobility. With the acquisition of Argus Cyber Security we are enhancing our abilities to directly develop and offer solutions and services with some of the world's leading automotive cyber security experts to our customers around the globe in order to truly make mobility more intelligent and secure," says Helmut Matschi, member of the Executive Board at Continental and head of the Interior division.

"Argus was founded with a vision to protect all vehicles on the road from cyber threats. To this end we have developed the most comprehensive automotive cyber security offering in the industry and enjoy global recognition of our leadership. Joining forces with Continental and EB will enable us to further accelerate the realization of that vision," says Ofer Ben-Noon, Co-Founder and CEO of Argus Cyber Security.

Tuesday, October 17, 2017

Ciena supplies packet/optical to Israel Electric Corporation

Ciena is supplying its converged packet optical and software platforms to transform the network of the Israel Electric Corporation (IEC).

The upgrade to 100G and OTN switching equipment enables IEC to respond to the growing demand for IT and telecommunications services, as well as to build and deliver secure high-speed broadband services for private overlay networks.

IEC will use Ciena’s 6500 Packet-Optical Platform to power a 100G DWDM OTN-switched core network . Ciena’s WaveLogic Encryption will provide protection of critical in-flight information. IEC will also use Blue Planet’s Manage, Control and Plan (MCP) software for unified network management and end-to-end service provisioning and planning. Financial terms were not disclosed.

Monday, October 2, 2017

IBM acquires Cloudigo for edge networking technology

IBM has acquired Cloudigo, a start-up based in Israel focused on advanced networking technology that moves the networking function from the server to the edge. Financial terms were not disclosed.

IBM said Cloudigo will work with its Cloud Innovation Lab, which is part of the IBM Cloud Infrastructure group.

Thursday, August 10, 2017

Israel's Partner Comm to expand fibre network nationwide

Partner Communications Company, an Israeli communications operator, announced that following a pilot stage it is commencing the commercial phase and accelerated roll-out of its fibre optic network.

Following the company's report of June 2016 covering the deployment of an independent fixed-line infrastructure based on fibre optics, Partner is announcing that over the past few months it has significantly increased its deployment of fibre infrastructure in multiple cities across the country. The company is estimated to have connected around 30,000 homes in 20 cities, mainly is the centre of Israel.

To date, the operator has reached tens of thousands of households as it expands the existing deployment that includes thousands of kilometres of fibre and a presence in business centres and a number of cities throughout the country. As part of the accelerated deployment plan, Partner intends to double its reach in terms of households passed by the end of the year.

Partner's investment in the fibre network is part of its strategy to maintain its position in the market. The fibre network is designed to enable the company to offer higher internet speeds in Israel as well as advanced services such as quality TV services. Partner Communications is a major provider in Israel of telecoms services including cellular, fixed-line telephony, Internet and TV.


Tuesday, July 25, 2017

Mavenir to establish 5G innovation centre in Israel

Mavenir, a major provider of technology designed to accelerate and redefine network transformation for service providers, announced it has established a new R&D and 5G Innovation centre of excellence in Ra'anana, Israel that will focus on the development of 5G network and services solutions.

Mavenir noted that the next generation of network infrastructure will be based on a common, flexible infrastructure with the ability to support application with enhanced QoE (for example virtual reality), provide mobility across heterogeneous networks (HetNet), deliver ultra-low latency and high reliability, as well as support the connectivity needs of billions of Internet of Things (IoT) devices.

Mavenir is focused on enabling cloud-centric NFV infrastructure (NFVi) across its end-to-end 5G portfolio, encompassing NGCN, cloud RAN, end-to-end security and orchestration, leveraging open development techniques and programming tools. As part of this initiative, the new Ra'anana centre, together with the Brno centre of excellence, will also work on Mavenir's voice/video and advanced messaging solutions.


* Mavenir announced in June that it had launched an R&D centre of excellence in Brno, Czech Republic, which is focused on delivering artificial intelligence/machine learning signalling security solutions. Mavenir's AI/machine learning solution is designed to provide advanced signalling monitoring, active filtering and analytics to ensure networks remain functional and operational and protect customers when using network services.


* The company noted when announcing the new centre that although SS7 has been widely used for decades, hackers have only recently started exploiting its vulnerabilities. Leveraging its expertise in signalling security based on security gateways (SeGWs) and Diameter edge agents (DEAs), signalling transfer points (STPs) and Diameter routing agents (DRAs), Mavenir aims to provide advanced edge and core network signalling protection for network operators.

Saturday, April 8, 2017

Israel's Neptune Consortium Demos vCPE

Neptune, the Israeli consortium for network programming, announced that it has performed a general demonstration of its technologies as part of its mission to build on the software defined networking (SDN) and network functions virtualisation (NFV) technologies that are currently under development.

Neptune is seeking to significantly reduce the time required to deploy new services and new service types, enable more efficient use of network and computational resources, and facilitate faster and more intelligent response to network events.

The latest demonstration by Neptune included four industry firsts, as follows:

1. A multi-vendor vCPE demonstration, in which a single service provider OpenStack controller established end-to-end services terminating on virtual CPE (vCPE) from three vendors, ADVA, Telco Systems and RAD, all running on top of a Mellanox switch and HCA adaptor.

2. Satellite network vendor Gilat demonstrated vCPE capabilities in a satellite ground segment gateway, including integration of tactical mobile ad-hoc network (MANET) UHF radio networks into an SDN and NFV-based multi-vendor heterogeneous virtual RAN (vRAN) based on technology developed by Elbit Systems Land and C4i.

3. The above demonstration also featured Open Mobile Edge Cloud (OMEC) with the first fully virtual cellular base station (from modem to management) developed by ASOCS and accelerated by a pool of network attached programmable hardware accelerators.

4.Transport of the common public radio interface (CPRI) standard over microwave by Ceragon Networks.

In addition, ECI Telecom demonstrated how its multi-layer service app is able to perform fast recovery from optical-layer faults employing an ONOS controller combined with OpenFlow optical extensions, and ADVA presented MEC for the delivery of enterprise services.

The demonstration was conducted at a Bezeq International facility, supported by equipment located at four other sites, and attended by outgoing chief scientist of the Israel Ministry of Economy and Industry, Avi Hasson, the head of the chief scientist's technological infrastructure division, Ilan Peled, Neptune chair Dr. Yaakov Stein, and representatives of the consortium members.

Neptune was founded in 2014 to develop methods to automate and programmatically manage service provider networks, irrespective of underlying network technologies leveraging SDN and NFV. Backed by the Israel Innovations Authority (formerly the Office of the Chief Scientist of the Ministry of Economy and Industry), consortium members include: ADVA (Israel), ASOCS, Bezeq International, Ceragon Networks, ECI Telecom, Elbit Systems, Gilat Satellite Networks, Mellanox Technologies, RAD and Telco Systems (BATM Group).

The consortium also includes research institutions Ariel University, Ben-Gurion University, the Hebrew University of Jerusalem, the Holon Technological Institute, the Interdisciplinary Center (IDC) Herzliya, the Lev Academic Center in Jerusalem, the Technion - Israel Institute of Technology and Tel Aviv University.

Monday, March 13, 2017

Intel to Acquire Mobileye for $15.3 Billion - Automated Driving

Intel agreed to acquire Mobileye, a developer of machine vision systems for automated driving, for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion. The acquisition will couple the best-in-class technologies from both companies, including Intel’s high-performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.

Mobileye, which is based in Israel, claims the leading market position in computer vision for Advanced Driver Assistance Systems (ADAS). Its portfolio includes surround vision, sensor fusion, mapping, and driving policy products. Mobileye's EyeQ chips are already installed in ~16M vehicles as of 2016. Its upcoming EyeQ4 and EyeQ5 chips for Level 3/4 autonomous driving programs go into production in 2018 and 2020 respectively. Mobileye currently has OEM relationships with GM, VW, Honda, BMW, PSA, Audi, Kia, Nissan, Volvo, Ford, Renault, Chrysler, SAIC and Hyundai. Mobileye reported 2016 revenue of $358 million and gross margin of 76%.  The company has approximately 660 employees.

Intel said the merger will accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.  Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.

“This acquisition is a great step forward for our shareholders, the automotive industry and consumers,” said Brian Krzanich, Intel CEO. “Intel provides critical foundational technologies for autonomous driving including plotting the car’s path and making real-time driving decisions. Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers. Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."

Intel also noted that it expects by 2020 autonomous vehicles will generate 4,000 GB of data per day.

http://intelandmobileye.transactionannouncement.com/wp-content/uploads/2017/03/Intel-to-Acquire-Mobileye-.pdf

Tuesday, November 29, 2016

Alibaba Invests in Israel's InfinityAR Start-up

Infinity Augmented Reality, a start-up based in Israel, announced US$18 million in Series C funding for its software-based Augmented Reality engine.

The round was led by the Alibaba Group, the largest online and mobile commerce company in the world in terms of gross merchandise volume, with participation from InfinityAR’s existing Series B investor, SUN CORPORATION, a large Japanese public company.

“This is about so much more than the funds raised - it is about the strategic partnership,” said Motti Kushnir, CEO of InfinityAR. “With Alibaba’s endorsement, InfinityAR will further cement itself as a leading developer in the augmented reality space. We are very excited to partner with one of the world’s leading companies.”

InfinityAR has pioneered its solution for augmented reality headsets by using standard, off the shelf, mobile cameras and IMU to efficiently map the environment while also enabling Inside-Out Marker-less Orientation and Positional Tracking (SLAM) for the augmented reality world.

http://www.infinityar.com/

Wednesday, September 7, 2016

Celeno Secures $38 Million for Wi-Fi Silicon

Celeno Communications, a start-up based in Israel, raised $38 million in new funding for its semiconductors for multimedia Wi-Fi networking.

Celeno's portfolio includes its 802.11ac Wave 2 product line and software technologies.

The new funding round was led by Red Dot Capital Partners, a capital fund focused on growth stage investments funded by Temasek, an investment company based in Singapore, through its enterprise development unit. Additional new investors are Poalim Capital Markets, the investment arm of Bank HaPoalim, the largest financial banking group in Israel, and OurCrowd. Existing investors including Liberty Global, Cisco, Pitango, 83North (formerly Greylock IL), Vintage and Miven also participated in the round. Zvika Naggan, Managing Partner at Red Dot has joined Celeno’s Board of Directors.

“With this significant new investment round, combined with the calibre of investors backing us, we are able to continue executing our strategy, building a world class global company that will bring value to investors and shape the industry as a market leader,” says Gilad Rozen, CEO of Celeno. “With this new round we have taken Celeno to the next level and are able to further accelerate our growth and expansion in the market as well as focus on enhancing R&D efforts and further developing our disruptive solutions.”

http://www.celeno.com/media-room/press-releases/445-celeno-closes-a-38-million-investment-round.html

Thursday, August 4, 2016

Sedona Raises $13.6M for IP/Optical Converged Control

Sedona Systems, a start-up based in Israel with offices in Cupertino, California, announced $13.6 million in Series B funding for its IP/optical converged control platform for service provider networks.

Sedona said its NetFusion software platform enables coordinated control of the IP and Optical layers in multi-vendor networks, automatically creating a live map of all traffic paths and cross-connections. Following this unique network discovery process, multilayer apps are executed over the platform for tasks ranging from coordinated maintenance to automatic optimization, from network restoration to enabling broadband services on demand. Using Sedona, service providers can run their networks “hotter” and save up to 50% of their expansion capex.

“Service provider networks are going through a generational change,” said Yossi Wellingstein, Sedona’s CEO. “Software and virtualization have become crucial tools in facing the tidal wave of demand for network services. Sedona helps service providers rise to the challenge by using software to fuse the hitherto separate optical and IP layers into one agile and flexible network.”

The new funding round was led by Intel Capital. NextStar also joined as a new investor and previous investor Bessemer Venture Partners participated fully in the round. This brings total investment in the company to $19.6 million.

http://sedonasys.com/index.php/company/news-events/216-sedona-systems-closes-13-6m-series-b-funding

Friday, July 22, 2016

Israel's Bezeq Trials Adtran's G.fast

Bezeq, Israel's incumbent operator, has undertaken field trials of ADTRAN's range of G.fast FTTx solutions.

The tests, in one of Israel’s largest cities, involves a variety of copper loop lengths and Internet speeds. Specifically, Bezeq is currently trialling the 8-port and 16-port ADTRAN distribution point units (DPUs), which are both physical layer and chipset agnostic, ensuring rapid service provisioning and activation.

“Bezeq is committed to delivering infrastructure for a Gigabit society, and it’s clear how G.fast will play a vital role in accomplishing this for many areas throughout Israel, alongside traditional FTTP approaches where required,” said Dr. Eduard Scheiterer, senior vice president, research and development, ADTRAN. “The path to delivering transformative broadband is made even more compelling as Fiber-to-the-Cabinet deployment models are supported with an increase in G.fast equipment port density and enhanced G.fast chipset performance, permitting substantial asset re-use and accelerating the pace of rollout.”

“Our trials have proven G.fast to be both an innovative and a pragmatic broadband technology that creates new possibilities thanks to its flexible deployment capabilities. We are pleased that ADTRAN has enabled us to accelerate the delivery of new transformative Gigabit broadband services,” said Bezeq CTIO, Yaki Zano. “Bezeq’s and ADTRAN’s continued strategic and collaborative partnership is cementing both companies’ commitment to delivering access solutions and technology that best serve customers in Israel.”

http://www.adtran.com

Wednesday, July 6, 2016

Twistlock Raises $10 Million for Container Secuirty

Twistlock, a start-up based in San Francisco and Tel-Aviv, announced $10 million in funding for its enterprise security suite for virtual containers.

The company says its security suite provides full stack vulnerabiltiy management, advanced access control, and smart runtime protection.

The Series A funding round was led by TenEleven Ventures and Rally Ventures.

Twistlock was founded by Ben Bernstein (CEO) and Dima Stopel (VP R&D).

“A good security protection is one that you never hear from. We aim to deliver completely automated security for the entire container stack without manual intervention and disruptive false alarms,” said Dima Stopel, head of R&D and co-founder of Twistlock. “This is what enterprises want and this is where Twistlock is headed.”

https://www.twistlock.com

Monday, May 23, 2016

Telco Systems Releases CloudMetro 10 vCPE Platform

Telco Systems has released its CloudMetro 10, a new 1GE virtualization platform and announced the completion of a series of commercial trials with Tier 1 service providers around the world.

CloudMetro 10 is a new member of Telco Systems' Open Metro Edge (OME) portfolio, which includes CloudMetro vCPE 1GE to 10GE family of virtualization platforms, EdgeGenie Orchestrator for management and orchestration, and TelcoApps library of pre-configured packages of virtualized network functions.

CloudMetro 10 supports hardware acceleration and pre-integrated VNF applications enabling carrier-grade performance with multi-service chaining.

Telco Systems has also expanded its library of VNF applications, which includes security, routing, SD-WAN and WAN-optimization services from leading vendors, including Check Point, Audio Codes, Palo Alto and Netrounds.  The company has recently successfully tested additional VNF applications with Cisco, Brocade, Juniper, Silver Peak, Riverbed and Fortinet.

"We are proud of the progress and achievements we have made with our CloudMetro platforms and OME solution," commented Raanan Tzemach, Vice President of Product and Marketing at Telco Systems. "We are positioning our customers to take full advantage of the benefits of SDN and NFV and efficiently offer a new set of virtualized services with flexible business models based on our VNF-packages."

http://www.telco.com

See also