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JUL 04, 2013 - Business Insider

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Israeli Startups Hope For Gold Rush After Google's $1 Billion Acquisition of Waze

JERUSALEM (AP) — The billion-dollar sale of navigation company Waze to Google may finally be putting Israel on the map as a major player in consumer Internet innovation. Israel's high-tech sector has been dominated by firms that made products for other businesses, like computer chips or communications gear. But in recent years Internet and mobile companies have emerged as the majority of Israeli startups, and many have found success in the global market. The focus might be changing now. "There's definitely a shift that Waze has done a great deal of emphasizing," said Nir Zohar, the ... Read More

Tags: Israeli Startups Hope For Gold Rush After Google's $1 Billion Acquisition of Waze,  Accel Partners Latest News