Mobileye raises over $1B as largest Israeli IPO in the U.S.
Israeli company Mobileye, which has developed road accident prevention systems based on a camera with artificial vision technology, raised over $1 billion in its initial public offering. On the first day of trading on Friday the share price rose steeply, closing up 48%, at $37 a share. This takes Mobileye’s market cap to $7.86 billion. The Mobileye deal marks the largest U.S. listing for an Israeli company on record.To read more, click here.
Full Steam Ahead: Mid-2014 Israeli mergers, acquisitions and IPOs [Infographic]
The Israeli startup ecosystem is chugging along full steam ahead, on pace to make 2014 a record breaking year. So far, 37 Israeli companies have either floated on public exchanges worldwide or have been acquired by large multinational corporations. In addition to the successful exits, 335 Israeli high-tech companies attracted $1.6 billion in VC funding, an 81% increase from 2013. OurCrowd put together an infographic breaking down the first half of 2014 in numbers. To see the infographic, click here.
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Updates You Might Have Missed
Trending Israeli Entrepreneurs
The derring-do of LightCyber, CEO Gonen Fink
Chutzpah, resilience and out of the box thinking led Gonen Fink, former IDF intelligence officer, into a successful career as a serial entrepreneur. After 12 groundbreaking years at Israel’s renowned Check Point, Fink made a daring career move and founded Pythagoras Solar, an innovator of power-generating, energy-efficient windows. Pythagoras proved to be ahead of its time, so Fink put the window on the back burner and joined LightCyber to provide a new approach to protecting against cyber breaches. To read more about Fink’s experiences, click here.
Meet the Israeli startups on Inc.’s list Of 10 Tech Companies Helping Humanity
Inc., a leading magazine focused on growing companies, put together a list of 10 tech companies, ranging from early stage startup to post IPO, that are affecting humanity with brilliant tech and execution. Out of the 10 startups listed by Inc., 7 of them are Israeli companies fresh out of the Startup Nation. These representatives of the crème de la crème of Israeli innovation are making the world a better place. To read more, click here.
12 startups in Israel you should know about
Israel is home to over 4,000 startups and is often referred to as the Silicon Valley of the Middle East. Popular news blog Business2Community, an open community for business professionals, selected 12 Israeli companies that they feel represent why Israel is considered the Mecca of thriving startup ecosystems. Business2Community’s list includes tech companies from various industries, from medical ingenuities to financial innovations. To check out the full startup list, click here.
