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Telecom giant Ericsson buys its first Israeli startup

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Ericsson is making its first foray into Israel, the Swedish telecommunications technology maker saying over the weekend that it was spending $95 million to acquire Fabrix Systems of Ra’anana.   The purchase, which is expected to be competed in the fourth quarter, will give Ericsson control of a leading provider of cloud storage, computing and… Read More »

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Engineer David Schwartz Unveils ‘Flying Bike’

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The flying bike designed by architect/engineer David Schwartz, is designed to maximize pedal spin and speed by dangling the rider from a harness instead of making her sit on a saddle. The rider’s back will be cradled in an overhanging frame to prevent the energy-wasting forward and back or bobbing motions that slow down the… Read More »

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Funding Rounds – 9.13.14

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Ifbyphone raises $30 million in a Series E round Ifbyphone, a voice-based marketing startup headquartered in Chicago, has raised $30 million in a Series E round led by NewSpring Capital with participation from return backers Apex Venture Partners, SSM Partners, Origin Ventures, River City Capital Funds, i2A Illinois Accelerator Fund and Spring Mill Venture Partners…. Read More »

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Get in the Ring: the Investment Battle of Africa

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The Investment Battle of Get in the Ring is being organized in over 50 countries with over 2,000 participating start-ups. Through 50 National Finals and 8 Regional Finals 8 start-ups are being selected for the International Final.  Through participation in the National Finals in several African countries, 10 finalists have been selected to move on… Read More »

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Funding Rounds – 9.12.14

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Veracode raises $40 million MA based Veracode has raised $40 million in a late stage funding round. The funding round for the software security company was led by Wellington Management with participation from existing investors including .406 Ventures and Atlas Venture. Veracode provides cloud-based app intelligence and security verification services to help developers protect their… Read More »

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Windows 9 ‘Threshold’ Update Leaked in Purported Screenshots

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Microsoft’s upcoming Threshold update (expected to be released as Windows 9) has been leaked again in screenshots on Thursday. Two German websites posted 20 purported screenshots of the anticipated Windows 9, said to be an early build given to Microsoft partners as “Windows Technical Preview”, and is expected to be made available later this month… Read More »

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Funding Rounds – 9.11.14

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4moms raises $41million Pittsburgh-based 4moms, a robotics company which makes baby products, has raised $41 million in new funding from Bain Capital Ventures and Castanea Partners. The company, founded in 2005, will use the new funds to accelerate growth with a focus on new product development. FieldAware raises $24 million FieldAware US, whose software lets… Read More »

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