Israeli Cybersecurity firm Solebit gets picked up for $100m


READ MORE

Cybersecurity firm Solebit gets picked up for $100m


Mimecast Limited has acquired Israeli cybersecurity startup Solebit for $100 million, the companies announced Tuesday. Mimecast is paying $88 million in cash and the rest in stock options. The acquisition was relatively quick for Solebit, which was founded in 2014. The company has raised $13 million so far, $11 million of that amount just four months ago. The founders — Boris Vaynberg, Meni Farjon and Yossi Sara — all served in Israeli military technology units. “The vast majority of targeted cyberattacks start when the attacker tries to introduce into a network an unpermitted code within a piece of information. This code runs without the user knowing it by exploiting a weakness in the organization’s computer programs,” explained Vaynberg. “Our product prevents attacks that until now had no sufficient response by identifying the hidden code.” The company’s technology analyzes files in real time to identify malware. (Eliran Rubin)


eMusic seeks to raise $70m for blockchain music platform


U.S.-Israeli digital music store eMusic said Tuesday it plans to raise $70 million to build a blockchain-based music distribution and royalty management platform to ensure artists and service providers get a fair share of revenues. It will conduct in September a public presale for its eMusic utility digital-token that will be used in the platform, which will allow artists to publish and distribute music and manage rights and royalties. Established in the late 1990s, eMusic is a niche player offering an extensive 26 million track catalog of mainly indie, classical and jazz artists and labels, offering a variety of monthly subscription packages with different download caps. After going through several hands, including Universal Music, eMusic was bought in 2015 by Israeli media startup TriPlay Communications. The company has around 1 million unique users a month, according to eMusic CEO Tamir Koch. The company said it has sold nearly 1 billion downloads. (Reuters)


Microsoft’s VC fund plunks down $12m for Israeli financial tech startup BlueVine



We’ve got more newsletters we think you’ll find interesting.


Click here



Please try again later.




The email address you have provided is already registered.


Close


BlueVine announced today it has raised another $12 million from new investors Microsoft’s venture capital fund M12 and the venture capital arm of insurance and financial services provider Nationwide. The announcement comes eight weeks after BlueVine, a leading provider of online working capital financing to small and medium-sized businesses, said it had secured $60 million from Menlo Ventures, SVB Capital and other investors. The additional funding raises BlueVine’s Series E total to $72 million and its total funding since inception to $1 billion. BlueVine, which has more than 200 employees in Silicon Valley, New Jersey, New Orleans and Israel, began offering online financing services to small and medium-sized businesses in March 2014. “It’s been an amazing journey for me personally and for our entire team,” said CEO and founder Eyal Lifshitz, who left a career in venture capital to launch BlueVine in 2013. “These new investments will help us offer more financing to even more entrepreneurs.” (TheMarker)


Real estate tech startup Skyline AI raises $18m


Skyline AI, a real estate investment technology company, said Tuesday it raised $18 million in an early-stage investment round led by Sequoia Capital and TLV Partners with participation from JLL Spark, a division of JLL. The funds will enable Skyline AI to expand platform integration to include additional asset classes and further cooperation with commercial real estate investment firms in the United States. The round closed four months after the firm announced it had raised $3 million in seed funding. Other participants in the round include NYCA Partners, Arbor Ventures and iAngels. Skyline AI said its artificial intelligence and machine-learning platform uses industry data to predict the value and future behavior of any institutional-grade asset in the United States. Founded in 2017, Skyline has offices in New York and Tel Aviv. (Reuters)


Comments

Post a Comment

Popular posts from this blog

Canadian expected to be aboard Russia's 1st manned space mission since rocket failure

READ MORE The first manned mission to the International Space Station since a Russian rocket failed to launch successfully earlier this month may take off on Dec. 3, space agency Roscosmos said on Wednesday. And the crew is expected to include Canadian astronaut David Saint-Jacques, Agence France-Press reported. A Russian cosmonaut and U.S. astronaut were forced to abort their mission on Oct. 11 and perform an emergency landing after a launch accident that Roscomos said was caused by a faulty sensor. The accident was the first serious launch problem experienced by a manned Soyuz space mission since 1983, when a crew narrowly escaped before a launch pad explosion. Sergei Krikalyov, a senior Roscosmos official, was quoted by state news agency Tass as saying the next manned launch had been planned for mid-December, but that Russia was trying to bring the date forward so that the ISS is not briefly left without a crew. “The industry is making significant efforts to move the launch t...
Read more

Getting the dope on pot stocks is becoming easier as media groups invest in content: Don Pittis

Image
READ MORE “What’s the buzz? Tell me what’s happening,” goes the ’70s rock anthem. Part of the catchiness of the lyric — from the rock musical Jesus Christ Superstar  — was that in that era the term “buzz” had developed a second spicy meaning. It described the high that people got from smoking cannabis. In the 1970s, the magazine High Times was a brand new title keeping an eye on the illegal but growing business of marijuana pricing and sales. It ran centrefolds of glistening pot plants and of an apartment filled to the windows with what the magazine insisted was an entire ton of cannabis. Now some of Canada’s most staid media voices are looking for ways to go toe to toe with High Times and its U.S. competitors, hoping to profit from Canada’s global head start in legal recreational cannabis. But when it comes to making a killing from spreading the buzz on the cannabis biz, to q...
Read more

Toronto man denies conspiring with Marvel CEO in alleged hate mail scheme

Image
READ MORE A Toronto man accused of conspiring with the head of Marvel Entertainment in a bizarre hate mail campaign against his wealthy former employer has denied any role in the alleged scheme. David Smith, along with Marvel CEO Isaac (Ike) Perlmutter, is the target of a slander lawsuit launched earlier this year by Canadian businessman Harold Peerenboom. Now Smith — a former employee of Peerenboom’s Toronto-based executive search firm, Mandrake Management — has filed a motion to dismiss the U.S. civil suit. It’s the latest development in the years-long legal battle between Peerenboom and Perlmutter, a notoriously reclusive American billionaire and personal friend of U.S. President Donald Trump. The hate mail campaign, which ran   between 2012 to 2015, saw anonymous letters falsely accusing Peerenboom of being a child molester, murderer and anti-Semite...
Read more