OurCrowd is a leading, crowd equity platform based in Jerusalem with branches in the U.S., Canada, Singapore and Australia. The firm just wrapped up its biggest investor conference, which involved an exhibition of the latest robotics, drones, medtech, AI, and mobility tech. Jon Medved, CEO of OurCrowd, made headlines with his announcement that OurCrowd raised $650 million, anticipating that they will soon break the $1 billion ceiling this year.
This year’s third quarter marks an impeccable period for fundraising deals in the Israeli tech industry. The sector raised $1.44 billion, which represents a 54 percent increase from the same quarter last year according to the latest report from the Tel Aviv law firm, Zysman Aharoni Gayer & Co., and IVC Research Center. Software companies accounted for a fourth of total market capital, which is actually a considerable decline from the two-year average of 35 percent albeit still significant.
The Internet of Things (IoT) is quickly taking over society. From smart watches to smart home systems, the IoT is infiltrating our lives on a larger and larger scale, and for good reason. The IoT makes us use energy more efficiently, stay aware of the world around us while also using the internet, and keep track of basically anything, and that's barely scratching the surface of how much the IoT is affecting the world around us.
Breathometer, a smartphone-based device to measure bloodstream alcohol, and which made US television history when all five investors in the popular show Shark Tank bought in to the company, has announced that it will open a new mobile technology development center in Israel.
A conference specifically aimed at linking up hot new Israeli start-up firms with American investors is kicking off in New York this week, with high-profile industry leaders expected to attend.
Despite the hype around New York’s tech scene (nicknamed silicon alley), Israel noticed larger VC backed exits than NY in 2013.