Sunday, August 21, 2005

VC -->Israel-U.S. Tech Trade

Israel and the U.S. both get a lot out of trading. Israeli high-tech exports to the U.S. increased 11 percent in the first half of this year, according to the Israel Export Institute, and are expected to top $3 billion by the end of the year. One company looking to capitalize on U.S.-Israeli relations is OpTier. The Israeli company recently raised $9.5 million in a third round of venture financing. Earlier this year it started selling its transaction tracking program to inside the U.S. OpTier founders Israel Mazin and Eli Mashiah, made millions in 1998 when they sold security software firm Memco to Platinum Technology for $550 million. Pitango Venture Capital, Carmel Ventures, and Lightspeed Venture Partners all participated.

Read the original RH Stories here and here.

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