Kaltura aims to be world's biggest video technology co
The company's technology multiplies a plant's genome without damaging its DNA to boost productivity.
Seed breeding start-up Kaiima Ltd. has raised $18 million at a company value of $40-45 million, after money, from Kleiner Perkins Caufield & Byers and current investors Draper Fisher Jurvetson (DFJ) and DFJ Tamir Fishman Ventures Ltd. (TASE: TFVC).
Kaiima CEO Dr. Doron Gal founded the company as Biofuel International in 2006. The company has developed a technique it calls Clean Genome Multiplication (CGM) technology to greatly increase crop productivity. The company claims its technology can boost productivity as much as two-fold by multiplying a plant's genome, without damaging its DNA.
Kaiima says that its CGM technology has been successfully demonstrated in more than 30 different plant varieties, and that it is running projects to multiply castor, jatropha, rapeseed, rice, and wheat.
The Kfar Tavor-based company operates worldwide, with a focus on China, which is seeking to boost domestic food production.
DFJ Tamir Fishman CEO Eldad Tamir said, "The interesting thing about Kaiima is that its technology simply works."
Kaiima plans to shortly try to enter a number of markets and to develop its technology, which requires large areas of land and long-development time, and therefore a lot of money. The company has raised $26 million to date.
Kaiima started out in the biodiesel sector, but discovered that its technology has broader applications. The company has said in the past that it plans to set up a joint venture with the Chinese government to market its solutions there and in other countries.
Kaiima has 30 employees.
Published by Globes [online], Israel business news - www.globes-online.com - on April 5, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments
CEO Ron Yekutiel: The idea is to combine Wikipedia with YouTube.
Biodegradable packaging co Tipa raises $10m
Li Ka-shing's Horizon Ventures led the financing round.
Opko acquires smart inhaler co Inspiro
Inspiromatic offers improved drug delivery and real time data for patient monitoring.
Sticko lets drivers put smartphones on windshields
Sticko has developed a tiny phone mount for attaching a smartphone to a glass surface.
Two small-cap cos plan Wall Street offerings
Merecot Corp. and Triumph Ventures each plan to raise $100,000.
Data analytics co Fundbox raises $17.5m
Fundbox processes invoices, allowing small businesses to fix their cash flow.
Start-up entrepreneurs are older than you think
A "Globes"-Terra Venture Partners survey found 1,000 start-ups were set up in 2013.
Incubator CEO fled law career for high tech
Esther Barak-Landes left a promising law career to found Nielsen's incubator.
Amazon, Google, Microsoft battle to host developers
The Internet giants want to attract developers to build apps on their cloud-computing infrastructures.
AR: Technology that cares
InfinityAR CIO Helen Papagiannis: Augmented reality will change our world for the better.
JDate founder seeks fresh start
Joe Shapira lost his JDate fortune in US real estate. Now he's back in the dating game.
Dov Moran: Windows 8 deserves to disappear
Moran talks about his investment portfolio, and slams Microsoft's lack of innovation.
"You can't teach entrepreneurship"
Angel investor Zohar Gilon relies on his own judgement rather than due diligence when selecting investments.
Waze CEO: We're completely different from Google
Noam Bardin says Waze is different from Google in how much it trusts users and how it builds data.
Nielsen Innovate recruits first six start-ups
The Nielsen Company has launched its incubator in Caesarea in partnership with Igal Ahouvi.
Wanted: Arts majors for high-tech
Technology companies are looking for creativity, flexibility, and the ability to think outside the box.
2013 boom year for Israeli high-tech
In the first half of the year, there was a 52% rise in demand for mobile and web developers, and salaries are up as well.
Merck Serono Israel incubator nurtures early stage projects
Merck Germany head of pharmaceuticals Dr. Stefan Oschmann says R&D is enjoying a renaissance at big pharma companies.
Alcobra has had two successful Nasdaq offerings this year as it develops an ADHD treatment with fewer side effects.
Israel offers favorable tax regime for companies
"Globes" and Baker Tilly Israel accountants found Israel's tax benefits are among the most attractive in the West.
Enabling diabetes patients to sleep soundly
Excess insulin levels can be fatal when they occur at night. NightSense aims to remove the fear.
CyberArk reboots network security
CEO Udi Mokady: Media reports on electronic surveillance make explaining our product unnecessary.