- Top investment opportunities
- Startup of the Week: Edgybees, Real-time video intelligence
- Reddy's to launch Theranica migraine therapy in India
- Taste the future at the OurCrowd Summit on Feb. 15
- IonQ acquires assets of Entangled Networks
- Surviving the dreaded down round
- Start-Up Nation Central: OurCrowd is Israel's most active VC by far
- Divilo adopts ThetaRay's anti-money laundering platform
- Remitly completes acquisition of Rewire
- Greenlight launches financial education game for kids
- Yale New Haven Health deploys DreaMed Diabetes digital support system
- More than 4,000 high-tech jobs
Startup of the Week
Edgybees: Real-time video intelligence
It's not about getting to space, it's about what you do once you get there. SpaceTech has attracted significant investment, with impactful companies growing in revenue and going public at an impressive rate. The challenge is making the flood of visual data collected in space reliable, timely and actionable. Our portfolio company Edgybees is a SaaS AI company that does just that. Edgybees' software processes information from satellites and aerial sensors, aligning data and imagery with the ground truth of the physical world for confident, real-time decisions. This geographical context is crucial for defense applications, as well as for security and emergency workers who rely on accurate information to save lives. The company has partnership agreements with AWS, BAE and Microsoft Azure, and is projecting 70% YOY revenue growth in 2023. OurCrowd has an allocation in Edgybees' current funding round, with participation from existing investors Verizon Ventures and Seraphim.
Dr. Reddy's to launch Theranica migraine therapy in India
Indian pharma giant Dr. Reddy's will be selling Nerivio, the FDA-approved, drug-free migraine therapy device created by Theranica. Dr. Reddy's will be responsible for the regulatory approval of Nerivio in India, and then will exclusively market the device in the country. Worn on the upper arm, Nerivio uses remote electrical neuromodulation to trigger a pain-inhibiting mechanism in the body to alleviate migraine headache symptoms. "Chronic pain is one of India's primary hidden health concerns, and migraine represents a huge unmet health care need in the country," says Subhanu Saxena, Managing Partner at New Rhein Healthcare Investors and a member of Theranica's Board of Directors. "The two companies will work toward improving the quality of life of millions of people in India who suffer from this debilitating neurological disorder." Theranica's current funding round is open to OurCrowd investors.
Taste the future at the OurCrowd Summit on Feb. 15
The future tastes good. Try it for yourself at the OurCrowd Global Investor Summit on Feb. 15 in Jerusalem, where you will find some of the world's top FoodTech startups. You will be able to sample pastries and desserts made with Incredo, the wonder sugar from DouxMatok; fresh orange juice from BlueTree Technologies with half the sugar and all the taste; superfood yogurt and creams from Maolac; and fruit and vegetables kept fresher for longer by Sufresca's invisible, tasteless, odorless technology. Meet Noga Sela Shalev, CEO of Israel's Fresh Start FoodTech Incubator, and Dr. Lara Ramdin, Chief Innovation Officer of the Dole Sunshine Company. Chat to the people behind Remilk, Ripple, Mermade Seafoods, CropX, Taranis and more groundbreaking food and agricultural technology companies. Places are limited and tickets are going fast. OurCrowd investors register free. Non-investors can enjoy a 15% discount until Jan. 31 by clicking the button below and using the promo code OCSUMMIT15.
IonQ acquires assets of Entangled Networks
Quantum computing pioneer IonQ (NYSE: IONQ), announced its acquisition of the operating assets of our portfolio company Entangled Networks, which focuses on enabling computation across multiple distributed quantum processors. IonQ's own quantum networking hardware is currently under development, and it expects to demonstrate an early version of a quantum network between two quantum computers in 2023. "In acquiring the Entangled Networks assets, IonQ will benefit from not only some of the top experts in quantum architecture, but also from software tools that we intend to use to drive substantial speed-ups in our system performance," says Peter Chapman, President and CEO of IonQ.
Surviving the dreaded down round
In this challenging economic climate, we are now seeing startup funding rounds where some companies that raised money a year or two ago are raising new investment at half their prior valuation or lower. I believe that sometimes a down round can not only help a company to survive, but ultimately to succeed. Investors can prosper and take advantage of what ultimately can turn out to be very good deals indeed. Read more in my latest 'Investors on the Frontlines' column.
Start-Up Nation Central: OurCrowd is Israel's most active VC by far
The 2022 Ecosystem Report from the Start-Up Nation Policy Institute and Start-Up Nation names OurCrowd as Israel's most active VC investor, with 84 Israeli startup investments last year. OurCrowd's model of democratizing the venture capital world continues to attract growing numbers of accredited investors to fund our innovative portfolio companies.
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