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PicApp
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Picscout Sold to Getty Images for an Estimated $20 Million
Yet another Israeli startup exit today, with the announcement on the acquisition of Picscout, provider of image copyright protection software, by Getty Images for ab undisclosed sum. Picscout was founded in 2003 by Eyal Gura and Offir Gutelzon and has raised approximately $1 million since inception.
Israeli Startup Picapp Merges with YBrant Media
Ybrant Media, an large Indian Media portfolio of companies, has acquired Israeli startup PicApp for an undisclosed amount. This is Ybrant Media's second acquisition in Israel. The company has previously bought Advertising startup Oridian in 2007.
IVC: Investment dollars in Seed Israeli start ups down 28%
According to IVC Research, 28% of the venture capital investments were made in seed stage companies in 2008,…