Tag: Startup investing trends

Translation Nation: Israel’s translation software and services investment landscape

As the world is getting smaller as technological advances in communication and travel promote globalization – markets and people have become more accessible to one another. The chances of two people from different societies, cultures and countries meeting is pretty high, but the chances of them speaking the same language is not. As a leading startup ecosystem in the world, Israel is a hot destination for travelers in general and business travelers specifically. Moreover, Israel has a huge traveling culture. After completing their army service, Israelis traditionally take a year off to travel the world before starting school and work. Therefore, Israel has been a great source for language based apps, software and services. The Start-up Nation: a modern-day Tower of Babylon The number one most used translation service out there is Google Translate. Earlier this year, the international tech giant announced that it will provide a translation service for apps. Behind Google’s new service stand two Israeli companies, One Hour Translation and Tomedes. According to Reuters, One Hour Translation’s revenue is expected to double annually as businesses (the company already serves half of the Fortune 500) increasingly...

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8 Israeli tech trends for 8 crazy nights: Payments (8/8)

We’re celebrating Hanukah in Israel right now and given all the fun and festivities going on, we thought it would be a good time to look back over the past few months and highlight some of the tech trends we’re seeing in startup land in the Startup Nation. As a caveat, these trends are based upon our deal flow – what we’re seeing on the ground. So, Happy Hanukah and enjoy. >>Read about all the top Israel technology trends this holiday season<< :::::::::::::Payments::::::::::::: The problem: Payments are moving away from traditional point-of-purchase and onto mobile devices, into the cloud, and within software. The technology and transactional ecosystem have to migrate from hardware to software (or at least a mix of the two). Solutions: Israeli companies aren’t focused on taking on core merchant payments the way a Square is but are more focused on niche parts of the market. Digimo: While lots of new payment players are basing their solutions on new hardware  — like terminals or NFC — Digimo uses existing payment infrastructure and enables mobile payments with an interesting twist...

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