Aother Israeli startup, Panoramic Power, has raised $4.5m for its cloud-hosted, real-time energy monitoring platform and service based around a self-powered, wireless current sensor.
Israeli chip startup Altair Semiconductor has raised $26 million to expand its ultra-low power LTE chip development in its fourth round of funding, bringing the total to over $74m.
Cambridge engineering consultancy Plextek is backing a local startup developing mobile payment technology.
The momentum of venture-backed exits in the US last year did not continue into the new year, says Dow Jones VentureSource. "It's eye-opening for venture-backed M&A activity to be closer to levels seen in the first quarter of 2009, shortly after the collapse of the global financial markets, than in 2010, a year associated with recovery," said Jessica Canning, director of global research "Corporations have cash on hand and are willing to invest, but the deals aren't happening. Acquirers may feel that rising valuations have companies on the wrong side of the fine line between good deal and risky investment."
