Showing posts with label JVP. Show all posts
Showing posts with label JVP. Show all posts

Thursday, October 1, 2015

Singapore Fund Singtel Innov8, JVP, Magma VC To Invest in Israeli Startup Teridion

Teridion, the Israeli based networking company that delivers the fastest internet experience announced general availability of its advanced Global Cloud Network to provide up to 20x performance improvement for end-user generated bi-directional Internet content.

The company’s solution is currently being used by more than 15 companies spanning some of the most bandwidth-demanding applications and services, such as hosting and file sharing, rich media and advertising.

Teridion also announced a total of $20 million in funding, having closed a $15 million Series B round of financing led by Singtel Innov8. Existing investors JVP and Magma also participated in the round. With the general availability of its flagship product and funding, the company will accelerate its go-to-market strategy and grow its team both in the US and internationally.

“The Internet is an incredibly powerful tool, but until now, we have struggled to take full advantage of its capabilities. It’s still common for us to fall victim to slow response times and volatile connections,” said Elad Rave, founder and CEO of Teridion. “We are breaking down these boundaries and providing users with a seamless Internet experience – no matter their location, device or application. It’s our goal for our SaaS customers to be able to generate additional customer loyalty, and the funding and general availability of our product are major steps in this direction.”

Meeting the Demands of Modern Applications and Services

Today’s applications and services need to deliver content to users at unprecedented speeds, without sacrificing quality or reliability. As these technologies continue to advance, the effectiveness of traditional content delivery and WAN optimization approaches are diminishing. Teridion solves this fundamental problem by providing a high performance, reliable Internet experience that addresses the low latency, highly dynamic applications brought to market everyday. Early customer deployments have shown up to 20x improvement in Internet performance, offering an opportunity for organizations to build applications without compromise. With Teridion, businesses achieve new levels of customer engagement and retention, ultimately driving up revenue.

“Enterprise businesses rely on the flexibility of the Egnyte platform to securely share files, collaborate and maintain control over important data, no matter the storage provider, cloud, application or device. We want our customers to be freed from worrying about Internet connectivity or their geographical location," said Kris Lahiri, vice president of operations and chief security officer at Egnyte. “Fast response times and always-on reliability are vital to IT professionals and business users alike, and Teridion helps us consistently deliver high performance across our solutions and services.”

Teridion is able to achieve this speed and reliability on SoftLayer infrastructure from IBM Cloud. Through the IBM Global Entrepreneur Program, IBM Cloud’s startup ecosystem, Teridion has received free mentoring, support and SoftLayer infrastructure via the program’s Catalyst option.

"By supporting startups like Teridion, IBM continues to reinforce its commitment to provide entrepreneurs with the mentoring and cloud technology they need to bring next generation technologies to market quickly,” said Sandy Carter, general manager for IBM Cloud’s ecosystem and developers. “Because IBM Cloud infrastructure is flexible, reliable and globally dispersed, it’s a great foundation for Teridion, which manages a large volume of traffic in order to deliver fast Internet response times to end users around the world.”

Designed for bi-directional, user-generated Internet content, Teridion features:

  • The Teridion Global Cloud Network – Bringing intelligent routing to the cloud. Proprietary algorithms and the Teridion Management System, in conjunction with Teridion Measurement Agents, provide a real-time congestion map of the Internet to find the best possible path, taking into account bandwidth, latency and geography. 
  • High performance, low latency – Up to 20x Internet performance improvements, enabling users to rethink what’s possible online.
  • Unparalleled flexibility – Teridion Cloud Routers are created on demand, providing scalability and enabling users to only pay for the resources consumed. The solution works with the largest cloud providers in the world to ensure the speed and reliability of traffic, without requiring customers to leave their cloud provider. 
  • Bolstered security – Teridion does not cache users’ data, and end-to-end SSL encryption with no termination secures data across the network. 
  • Simple onboarding – With no hardware or software to install, and quick and easy provisioning, a typical cloud customer can be connected to the network in under an hour.

Wednesday, August 26, 2015

Israeli Startup Takes First Place at Shengjing Global Innovation Awards 2015

Israel Proves Its Place in Global Startup Scene with Impressive Achievements DiaCardio wins 1st place Wayerz comes in 5th place  The competition, led in Israel by venture capital fund JVP, with Chinese consulting firm Shengjing360 ‎, featured 21 startups from countries including the US, ChinaIsraelEurope and Latin America

Impressive achievement for the Israeli representatives in the final round of the Shengjing Global Innovation Awards 2015, a global startup competition held in China featuring 21 startups from around the world: China (10), the US (5), Israel (3), Europe and Latin America (3) competed for $1.5 million in cash prizes.

In first place came DiaCardio, which developed a revolutionary software that radically changes the way echocardiograms are decoded, while Wayerz, which developed a platform for inter-bank charges (billing) while providing management, commands and control of inter-bank processes in real time, came in fifth place.

The winners were selected on the basis of rankings by 13 judges from around the world and real-time rankings of the startup companies by an audience of over 1000 people. ‎In addition to cash prizes totaling $1.5 million, the startups were given the chance to present their technological solutions to investors, as well as to leading technology groups from China and around the world, including Menlo Ventures. The winners were announced in a competition held in Beijing with an audience of over 1,000 people in the final event of the competition that was held in four geographical locations over a period of more than eight months.

The top 5 startups will share $1 million in cash prizes, each receiving $200,000‎. The startups which came in 6th to 10th place will each receive $100,000 in cash. All of the finalists will also embark on a road show and series of meetings with Chinese internet giants Alibaba, Tencent, Baidu,, and Xiaomi over the next few days. The Shengjing Group is also contemplating investment in some of the startup companies through a dedicated investment fund which was set up for the competition.

The competition was initiated by Chinese consulting firm Shengjing360. The finals in Beijing are part of the five-day Zhongguancun International Entrepreneur Festival, attracting entrepreneurs and investors from all over the world. The festival is sponsored by the Chinese government, which considers innovation as an important growth engine. ‎

Israel was represented in the competition by Israel's ambassador to China, Matan Vilnai, JVP partner Yoav Tzruya, and Dr. Orna Berry, Corporate Vice President Growth and Innovation EMC Centers of Excellence EMEA and the US. The Israeli delegation received an impressive welcome, and the three were asked to be key speakers at the event. ‎Yoav Tzruya and Dr. Orna Berry even served as judges in the competition.‎

‎Jerusalem Venture Partners (JVP) led the competition in Israel, in collaboration with top Israeli academic institutions, leading technology companies and service providers, which assisted in the process and selection of the finalists. They included ‎EMC, Deutsche Telecom, HFN, PwC, IDC Executive Education and Yissum.‎

The Israeli competition was launched in February 2015. Nine startups, out of the 180 ventures from across the Israeli high tech spectrum, reached the semi-finals. Three Israeli startups were then chosen to represent Israel in the global finals in Beijing.

The participation of Israeli startups in the event garnered great interest from the audience, in particular from dozens of the Chinese media outlets covering it. ‎

DiaCardio was represented in the competition by Hila Goldman-Aslan, and the company's chairman, Arnon Toussia-Cohen. DiaCardio is a software company which radically changes the manner in which cardiograms (ultrasound exams of the heart) are decoded, using unique algorithms it has developed. These algorithms decode the main parameters of the heart's functioning in a quick, accurate and automated manner. The software integrates easily with all eco-cardiograph machines and has received FDA approval and CE marking.

Hila Goldman-Aslan: "We are thrilled and proud to have won first place. It was a fascinating and empowering experience. The competition proves that Israel is home to promising technological initiatives. The competition opens up investment opportunities by Chinese investors, and we believe that winning it will advance the recognition of the ground-breaking technology that we have developed at DiaCardio."

According to JVP partner Yoav Tzruya, who accompanied the competition from its very beginning and served as a judge in the finals: "‎Innovation is still one of the Israeli economy's main competitive advantages, and we are pleased to see Israeli ventures receive such global recognition. The competition presented a unique opportunity for Israeli startup companies to penetrate the Chinese market as well as other international markets. In light of the latest macroeconomic developments, it is clear that technological innovation is key to continued solid growth and a country's ability to differentiate itself. Great powers, such as China, allocate extensive resources to create and leverage innovation. ‎Israel should harness the startup culture and innovative ventures to gain a major foothold in this market. ‎We were pleased to collaborate with Shengjing, an innovation pioneer in China, as well as with multinationals such as EMC and Deutsche Telekom, and academia in the form of the Hebrew University of Jerusalem and the Interdisciplinary Center Herzliya in order to select the ventures that represent Israeli innovation in various fields." ‎

Monday, March 23, 2015

Alibaba to Invest in Israeli VC Fund JVP

Source: WSJ

Chinese Internet giant Alibaba has invested in Israel-based venture fund JVP (Jerusalem Venture Partners), the latter announced this morning in its annual meeting in Jerusalem.

According to one person familiar with the matter Alibaba has joined in JVP’s seventh fund as a limited partner with an investment of $15 millions of dollars. Alibaba could not be immediately reached for comment.

Focused on cyber security investments, JVP was the main shareholder in Cyberark, which started trading on the NASDAQ in September, currently with a market capital of $1.49 billion.

Earlier this month PayPal announced the acquisition of CyActive, one of the first companies to join a cyber-security focused incubation program JVP established in Israel’s southern city Be’er-Sheva.

And while Alibaba is interested in cyber security related deal-flow, according to the person familiar with the matter it is even more interested in technologies related to storage and networks – another cluster JVP invests in.

Such technologies could help the Chinese eCommerce behemoth reduce operational costs related to running massive data centers. The pace of tech deals between Chinese and Israeli firms has been picking up over the last two years, spurred by the efforts of both governments. 

In 2014 Chinese-Israeli tech deals totaled $300 million, up from $50 million in 2013, according to Israel’s National Economic Council.

In December Alibaba made its first ever investment in an Israeli startup, with an investment in QR technology startup Visualead.

By becoming a limited partner in JVP’s funds, Alibaba is joining Qihoo 360, another Chinese web company to have invested in the Jerusalem based VC.

Wednesday, February 4, 2015

Israel's JVP, China’s Shengjing360 launch $1m innovation contest

Jerusalem Venture Partners (JVP) and Chinese accelerator Shengjing360 launched a global innovation competition that will pay a top prize of $1 million and another $500,000 in other prizes. 

The competition, which will draw on applicants from Israel, China, the US, Europe, and Latin America, will select 20 start-ups as finalists to compete in Beijing for the prizes in August.

“We congratulate our Israeli partners, including many of the leaders of the Israeli hi-tech industry,” said Xueling Cao, director of Shengjing Technology Co. at Shengjing360. “Israel has quickly become a global hub and model for an innovation driven culture. The goal of the competition is to identify the most promising, innovative startups globally, to open doors and support them, and to help them become groundbreaking, market-leading companies.”

The local portion of the competition, which JVP will lead along with a slew of corporate partners, will choose six to eight companies as semi-finalists, and three to advance to Beijing. “Israel is world-renowned for creating innovative, market- leading start-ups,” said JVP partner Yoav Tzruya. “This is a unique opportunity for companies to achieve a significant breakthrough in both global growth markets, including China, and to liaise with industry leaders. I’m sure this global competition will only generate even more interest in Israeli start-ups,” he added.

Companies that do not have more than $1m. in existing investment will be judged on the basis of whether their innovative technology has a clear market and whether they can produce a beta prototype within a year.

Companies in cyber-security, big data and data science, Internet and mobile, enterprise software, storage, fintech, Internet of things, wearable computing, and digital health will be eligible.

In related Israel-China news, Israeli tech company Taditel, which provides electronic solutions for the automotive industry, has opened a plant in China’s CI3 -Changzhou Industrial Incubator.

The company said it is moving some of its operations there in order to keep up with global competitors. Many of their clients are automobile suppliers based in China, and the proximity is important. “The group’s vision features a vast business horizon and the potential to expand its activities in China, in both electro-mechanical systems and additional fields,” said Taditel CEO Shachar Kadhai.

Last week, Israel and China signed a three-year agreement to strengthen innovation between the two countries. The agreement was signed at the first meeting of the China-Israel Innovation Committee, an initiative set up in May to foster closer economic ties.

Thursday, September 25, 2014

Chinese Firms Swoop Into Israel Looking for Tech Investments

Published on The Wall Street Journal

By: Orr Hirschauge  

TEL AVIV—Chinese investors are pouring millions into Israel-focused, tech-investment funds—as well as launching their own funds and investing directly in Israeli startups—amid a frenzy of tech investment and deal making here. 
Yongjin Group Inc., a Chinese equity-investment management and financial- services company, has put between $15 million and $20 million into Israeli venture fund Pitango Venture Capital during the past year, according to people familiar with the matter.
Lenovo Group Ltd., the big Chinese computer maker, meanwhile invested around $10 million in Canaan Partners Israel, a venture fund affiliated with American-based Canaan Partners, in late August. 
And Ping An Venture, the venture investment arm of Ping An Insurance (Group) Co., one of China's biggest financial conglomerates, in November created a $100 million fund dedicated to U.S. and Israel tech ventures. It has made six investments in Israeli startups so far, said Jiang Zhang, an associate director at Ping An Ventures.
The moves come amid a frenzy of fundraising among Israeli entrepreneurs. Israeli and foreign investors—lured by a drumbeat of stock-market listings and acquisitions among Israeli tech startups—have rushed in. In the first half of 2014, 335 Israeli high-tech companies raised a record $1.6 billion in capital, according to estimates by consultancy IVC Industry Analytics and KMPG. That was 81% higher than in the year-earlier period.
While Israeli, European and American investors have long trawled Israel for tech opportunities, Chinese investors are relatively new here. Industry insiders say so far they have preferred longer-term bets and looked for technology that is already being used back home, or sought investment possibilities there. 
"Most of the investments we're seeing are strategic investments and not purely financial ones," said Yoav Sade, a partner in law firm Meitar Liquornik Geva Leshem Tal and vice chairman of the Israel-China Chamber of Commerce. 
"Chinese investors would look for tech companies that already have a product and sales with an added value that has to do with China," said Mr. Sade. "Many times the investment contracts include commercialization licenses for operations in China."
In July, Chinese venture fund SAIF Partners participated in a $15 million funding round in app-monetization company SupersonicAds Ltd. It was SAIF's first investment in an Israeli company, according to Ben Ng, a partner at SAIF Partners, who joined Supersonic's board following the investment.
At the same time, Supersonic announced plans to expand its business in China, Japan and India, saying it intended to open offices in Beijing, Tokyo and Bangalore.
"For the last two years, SAIF has been looking to expand its portfolio with a cross-border view. We're looking at companies in Israel" and Silicon Valley, said Mr. Ng.
Ping An and Chinese venture investor China Broadband Capital Partners LP took part in a $85-million, pre-initial public offering funding round in adware company IronSource Ltd. IronSource launched its Chinese branch with offices in Beijing this week. 
Despite these direct investments, much of the early money is being funneled through Israeli funds. Chinese Internet-security company Qihoo 360 Technology Co. Ltd. and web search giant Baidu Inc. have both invested in Carmel Ventures, an Israel venture fund, according to people familiar with the matter, with Qihoo putting in about $10 million in early 2014. Qihoo has also invested money with Jerusalem Venture Partners, according to people familiar with the matter.

Thursday, September 11, 2014

Israeli cyber security company CyberArk to kick-off $75 million IPO

Israel-based cybersecurity software company Cyber-Ark Software Ltd. kicks off its roadshow Thursday, aiming to start trading on the Nasdaq on Sept. 22, according to people familiar with the matter.

The company will issue about 5.5 million primary shares, looking to raise $75 million for a valuation ranging between $400 million and $500 million, these people said.

Cyber-Ark makes security software for businesses that aims at protecting against intruders hacking into users' accounts. The company was founded in Israel in 1999 and its headquarters and main research and development center is in Petah-Tikva, on the outskirts of Tel Aviv. The company's U.S. headquarters are located in Newton, Mass., and it also has offices in the U.K., France, the Netherlands and Singapore.

Cyber-Ark filed publicly for an IPO on Nasdaq on June 24th. According to the company's prospectus, after registering revenues of $36.4 million in 2011, the company's revenues in 2012 rose to $47.2 million in 2012 and $66.2 million in 2013. Cyber-Ark's net income grew from $5.9 million in 2011, to 7.9 million in 2012 and went down to $6.6 million in 2013.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as joint book-running managers of the offering. The company filed to be listed under the stock ticker symbol CYBR.

The biggest shareholder in the company is Jerusalem Venture Partners, which owns a stake of more than 40%. Jerusalem Venture Partner's founder, Erel Margalit, is a member of the Knesset, Israel's parliament. Other active investors in Cyber-Ark include Vertex Venture Partners and Cabaret Holdings.

Source: Wall Street Journal