Worklight Raises $12M with Pitango Leading Round

WorkLight Inc., a startup that provides web 2.0-style access to a wide variety of enterprise applications and databases, today announced that it has closed a series B round of funding totaling $12 million led by Pitango Venture Capital, Israel’s largest VC. Founded in 2006 by CEO Shahar Kaminitz and CTO Yuval Tarsi, the company was initially backed with $5.1 million from Genesis Partners, Index Ventures and Shlomo Kramer.

Worklight’s flagship solution is a server-based software product that allows companies to leverage consumer tools such as RSS, iGoogle and. Facebook behind the corporate firewall, working with internal IT controls for completely secure use by enterprise employees. Most recently the company announced Workbook, a secure Facebook overlay that enables collaboration, access to enterprise applications and knowledge sharing using the popular social networking application.

The round triggers renewed commitment from Genesis Partners, Index Ventures and Shlomo Kramer, a world renowned security expert and Imperva CEO.

Check out the press release.


IBM Acquires Storage Startup Filesx

IBM is on a rampage.  After scooping up XIV, partnering with Siverge and now talking with Ctrue and Diligent Technologies, it has now signed an agreement to buy FilesX, an Israeli data-recovery startup founded in 2000.  The startup’s flagship technology, Xpress Restore, allows instant recovery of critical systems, servers and applications to any point-in-time.

According to Globes, IBM is paying $70-90 million for FilesX whose technology it will incorporate into its Tivoli Storage Manager family of products, IBM’s flagship suite of data protection and information infrastructure offerings.  “With its patented technology, FilesX helps IT staff restore data from virtually any type of failure and from nearly any point in time. FilesX offerings may be particularly attractive in environments where IT skills and budgets are limited, as it is considered easy to use and offers self-managing features.”

Al Zollar, general manager of Tivoli software, IBM, said the acquisition would “complement IBM’s vision of enterprise data protection by adding critical capabilities for remote offices, delivering continuous data protection for applications and servers, and supporting business user needs with nearly instantaneous recovery of data,” . 

FilesX, which is now headquartered in Newton, Massachusetts, initially raised $20 million from Benchmark Capital, Genesis Partners, and Index Ventures. 

Check out the press release for more details.

Handset Start-Up Modu Secures $100M

modujackets.jpgCellular technology start-up Modu Ltd., which is valued at $150 million, has secured $100 million in funding commitments from investors, according to Globes. It’s still trying to raise additional funds and is continuing to present to local and overseas investors. The company was founded just 18 months ago by Dov Moran, a seasoned entrepreneur who founded and sold M-Systems to SanDisk for $1.6 billion.

Modu, which has previously raised $20 million from Gemini Israel Funds and Genesis Partners, has developed a cellular handset that can upload all forms of data from telephone numbers to multimedia files via USB from any computing device. It uses a unique memory technology and also incorporates Flash memory technology.

The Modu itself is a mini-cellphone that can slip into a variety of “jackets”, created by Modu or by third parties, that turn the Modu into a larger phone with different unique capabilities. It can also be used just to provide connectivity to larger consumer devices already existing in the market.

For example, the Modu can be slipped into a “music jacket” to create a phone with strong music capabilities. Or it can be used in a camera to make a camera phone that actually has a good camera. Moran says that many types of jackets will be created and envisions users changing jackets frequently, like one does with clothes or fashion accessories.

Cellcom has announced that it would exclusively market the Modu handset in Israel. Modu is also in advanced negotiations on marketing agreements with leading global cellphone and handset manufacturers.

See a cool video on Modu here.