Warren Buffet Invests in Israeli Energy Saving Solution Company
American business magnate Warren Buffett has again turned to the Israeli startup marketplace to invest, this time in eVolution Networks, innovator in energy savings solutions for Mobile Network Operators.
eVolution Networks — which raised $22.5 million from Buffett’s Berkshire Hathaway Energy subsidiary IES Holding and GE Ventures – says it will use the funding to expand its worldwide presence and promote its solutions to new industries, such as data center energy management.
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Israeli Biomed Companies Read Record Numbers
The Israeli biomed field is healthy and robust, thanks to a record year of investments in 2014 and a creative startup community of researchers, engineers and medical professionals. This year’s Israel Advanced Technology Industries (IATI) Biomed 2015 conference, held last week on May 12-14, 2015, attracted some 6,000 people including top healthcare industrialists from 45 countries.
Ontario and Israel Mark 10 Years of Successful Joint R&D Projects
A decade-long research and development partnership between Israel and Ontario has received by a six million-dollar investment in joint Israeli-Canadian R&D projects from the Canadian province. The partnership program, according to a memorandum of understanding signed 10 years ago, will continue to support projects with a strong economic focus, in the fields of medical devices, information and communication technologies, clean technologies and life sciences.
Israeli Content Recommendation Platform ‘Taboola’ Gets Noticed
For its third direct investment in Israeli technology – and its second in a month – Chinese internet giant Baidu has chosen Taboola, one of Israel’s biggest Internet exports and one of the best-known Israeli brands in the web world. Baidu invested a sum it referred to as “millions” in the tech firm, saying that the new partnership “brings together two cutting-edge technology companies that are re-defining the ‘search’ and ‘discovery’ categories across the world’s biggest markets. Together, Taboola and Baidu plan to bring discovery to the Chinese market, where mobile is the number one way people go online.”
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Israeli App Bizzabo Offers New Services as Event-Planning Business Heats Up
israeli-developed networking and event-planning app bizzabo has been developing one-stop-shopping services to enable it to cater to the online needs of event planners. This week — as competition grows in the event-planning space — the site announced a Wix-style website builder, adding to its bevy of offerings. Bizzabo provides information about events — shows, seminars, demonstrations, projects, marathons, etc. — that are taking place in specific areas. Although it can be used for any kind of event in any kind of industry, it is the tech community that has embraced the company.
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