Li Ka-shing fund leads US$10.8 mln Israel investment
Horizons Ventures, a venture capital fund founded by Hong Kong billionaire Li Ka-shing, said Tuesday it is leading a US$10.8 million strategic investment in Windward, an Israeli maritime data and analytics company.
Aleph, a Tel Aviv-based venture capital fund, is among the other investors, according to an e-mailed press release.
Windward is one of the two winners out of more than 20 candidates that presented their business plans to Solina Chau, person-in-charge of Horizons Ventures, in January in Israel, a source familiar with the situation told EJ Insight.
"Ship activity across the oceans fuels the global economy but is one of the last analog arenas," said Jason Wong, managing director of Horizons Ventures.
"The Windward team is revolutionizing this archaic system and bringing visibility to this critically important domain, advancing the global ecosystem,” he said.
MarInt, Windward’s satellite maritime analytics system, is widely used by many security, intelligence and law enforcement agencies worldwide, according to the press release.
The system analyzes Windward data and insights to preemptively identify threats before the culprits reach shore.
The company will launch a solution for the financial sector in 2015.
It includes ForeSea which will provide traders, investors and analysts with access to unstructured data, critical insights and untapped market opportunities.
Ami Daniel, co-founder and chief executive of Windward, said Horizons Ventures’ involvement will give the company valuable opportunities to transform the analog world.
-- Contact us at [email protected]
RA
Solina Chau: CK-Hutch merger not a retreat from HK, China
Horizons Israel shopping spree creates synergy for Li Ka-shing
Horizons Ventures eyes investment in financial technology
-
Epidemic and 40-year-high inflation stalk HK migrants in UK Mark O'Neill
The website of the Trinity Church in Sutton, southwest London, is written in English and traditional Chinese – 歡迎香港人, Welcome Hong Kong people. “The middle of a pandemic is not an easy time to arrive
-
The privilege of shorter quarantine Ben Kwok
The nightmare of staying in a hotel for three full weeks might hopefully be over. Yesterday the National Health Commission announced to shorten the hotel quarantine period for people arriving in the
-
3D maps enhance disaster prevention and rescue Dr. Winnie Tang
Abnormal and even extreme weather has become more frequent. The Observatory forecasts that tropical cyclone incidence and total rainfall this year will be "normal to high". To be well-prepared, the
-
Ignoble ease Neville Sarony
There is no shortage of commentators, both lawyers and lay people, who feel entitled to criticize Hong Kong’s legal community for what these observers assert is a failure to stand up for the liberal
-
An imminent private housing supply chasm and its solutions Ryan Ip Man-ki, Jason Leung Yeuk Ho
As the 5th wave of Covid-19 gradually subsides, waves of new private housing projects are now under the spotlight. Intensifying competition among developers became the talk of the town after a
The privilege of shorter quarantine
Building smart villages to achieve sustainable prosperity
Can we predict copper prices using signal from options market?
Epidemic and 40-year-high inflation stalk HK migrants in UK
A stagflationary debt crisis looms
The politics of hope
When central bankers become the target
