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
-
Flower markets crowd control measures hinge on Covid situation
Health officials these days are busy handling the coronavirus outbreak in Yau Tsim Mong region, while at the same time revving up the pandemic preventive measures for the upcoming Lunar New Year
-
No flower? No, flower! Ben Kwok
Flower growers in Hong Kong must have felt perplexed upon knowing the Lunar New Year Fair is back this year. Our government changed its mind and reversed its earlier decision to suspend the 15 flower
-
Ocean Park to open its doors for free in a revamp move
Hongkongers will soon be able to visit the Ocean Park for free year-round. The park revealed on Monday that entrance fees will be waived, and part of the park will be turned into a zone combining
-
The city’s parking meters are becoming smarter
About 50 new meters installed by the Transport Department will commence operation from Wednesday, allowing drivers to pay the parking fees with their mobile phones. Drivers will have to install an
-
Free Covid tests for couriers
As more Hongkongers are switching to ordering food online and e-shopping amid the pandemic, concerns about the spread of virus through courser services have heightened. In response, the Food & Health
Ocean Park to open its doors for free in a revamp move
The post-Trump reconstruction of America and the world
The city’s parking meters are becoming smarter
No flower? No, flower!
What 2021 holds for payments in Asia
Israel’s “Operation Back to Life”
How to tackle vulnerable countries’ triple crisis
In historic shift, Taiwan firms return home from mainland
Supply-demand dynamics of oil as vaccines emerge
Flower markets crowd control measures hinge on Covid situation
