Israeli early stage high-tech startup VC fund Magma Venture Partners, whose current portfolio includes online video-editing software developer Magisto, mobile analytics company Onavo, and navigation app maker Waze to name three, has completed fundraising on its third fund — Magma III — exceeding its target of $100 million. Magma said it manages more than $300 million to-date. → Read More
Apple finally confirmed earlier reports that it bought Israeli semiconductor startup Anobit Technologies. Apple did not confirm the price, which is believed to be between $400 million and $500 million.
Apple bought Anobit for two reasons: its flash memory controllers are a key component of all Apple’s leading products (from iPads and iPhones to MacBook Airs), and in one fell swoop it just added… → Read More