Israeli startup mPrest has raised “a significant investment” from Vector Limited, New Zealand’s largest electricity and gas provider. While the parties did not disclose the size of the investment, “Globes” has learned from a source close to the deal that Vector is investing $10 million in the Israeli company. Read more on Globes here.
Working with mPrest, the Israeli company that developed the Iron Dome missile defense technology, the New York Power Authority (NYPA) will now be able to stop power outages before they start. Read more on The Times of Israel here.
Medical scans provide doctors with the visual information they need to spot any disease or disorder that a patient might have. Read more on CNBC here.
Israeli venture capital platform OurCrowd has made its first Chinese investment, participating in the nearly $60 million financing round of Chinese in-destination service booking platform company Klook. Read more on Globes here.
Jon Medved, chief executive of Israeli crowdfunding platform OurCrowd, echoes Khouri’s sentiments. Read more on Financial Times here.
Richard Branson’s Virgin Group is investing in Hyperloop One, a company developing the super-fast transport system originally dreamed up by Elon Musk. Read more on Bloomberg here.
Neverware, a New York City-based startup with a software platform that converts legacy computers into Chromebooks, announced today that it has raised a new round of investment led by Google. Read more on The Verge here.
Like many small countries across the world, Israel punches well above its weight in the global startup ring. Read more on VentureBeat here.
OurCrowd, the Jerusalem-based crowdfunding venture capital fund, said Tuesday it has set up a new office in Madrid’s financial district of the Paseo de la Castellana, bringing the company’s offices to seven countries including Israel, the US, Canada, Australia, Singapore and the UK. Read more on The Times of Israel here.
Figures published today by the IVC Research Center show increasing use of crowdfunding in high tech. IVC reports that 145 startups have raised a total of $197 million through crowdfunding over the past five years. The largest player in this market is the OurCrowd fund. Read more on Globes here.