Yevvo, the iPhone app developed by Israeli firm Yevvo Entertainment Inc, gives a platform for selfie stars to share live videos of themselves to a virtual audience, the Venture Capital Dispatch reported.
Middle East
Israel warns public on bitcoin risks, mulls regulation
Israel said on Wednesday it was considering regulation of bitcoin and warned citizens that using such decentralized virtual currencies was risky.
Israeli firm ClickSoftware to add US workforce management firm Xora in $14.7M merger deal
Petah Tikva, Israel-based ClickSoftware Technologies Ltd entered a deal to add Mountain View, US-based mobile workforce management firm Xora Inc for a cash consideration of around $14.7 million.
Israeli venture capital platfrom OurCrowd eyes investment in Australian startups
Jerusalem, Israel-based venture capital funding platform OurCrowd is looking to invest in Australia-based startups amid a 4% drop in the country's pool of venture capital.
Still meager private equity investments in Middle East markets- report
The Middle East private equity market looked promising in the past decade but investments have trickled in the past year according to Dealogic data, Financial News reported.
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Cyber security firm Cybereason obtained $4.6 million from Charles River Ventures or CRV for its Series A round as it launches its detection platform commercially, TechCrunch reported.
Facebook is scrambling to fix a mobile security glitch discovered this week by MyPermissions chief Olivier Amar which involves the inability to remove apps that were previously downloaded.
Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
London, UK-based engineering and support services firm Babcock International Group added Oman-based oil and gas training organization National Training Institute (NTI) for an undisclosed sum to extend the latter's training services to the UK.
San Francisco, US-based mobile shopping platform secured $10.5 million in a Series B funding led by Khosla Ventures to make the process of ordering and paying for food via mobile an easier process.
Saudi Arabia-based development and investment firm Technology Development & Investment Co (TAQNIA) picked up a 50% stake in Sun & Life, the solar energy unit of power and water company Acwa.
According to a government official, foreign funds are circling the Israeli companies that are going to be put up for sale by the state in a bid to increase competition, Bloomberg reported.
Winterthur, Switzerland-based industrial engineering and manufacturing firm Sulzer Ltd inked a deal to purchase a 75% interest in Saudi Pump Factory together with the latter's owner Nabil Al Hashim, in a deal valued at CHF33 million.
Rain Rannu, the Founder and Chief Executive Officer of Fortumo, said in his guest post at VentureBeat that more Android app users would pay if local payment options and not just credit cards would be offered.
