from the October 2010 issue

Google buying second Israeli startup: Quiksee

Quiksee, also known as MentorWave Technologies, allows users to create location-based interactive media content. Its web-based content, the company says, "lets you quickly and easily create stunning virtual tours."

Google is buying its second Israeli startup: Quiksee The deal is estimated at $10 million but neither Google Israel nor Quiksee refused to comment

Two investment groups have put $3.5 million into Quiksee, Ofer Hi-Tech and Docor International, while a number of private investments "angels" have also backed the firm.

Google acquired Israeli startup LabPixies in April of this year for about $25 million.

Gadi Royz, Assaf Harel, Pavel Yosifovich and Rony Amira founded Quiksee in 2002. While the firm's sales revenues are unknown, the amount is not considered to be very high - for now. But the firm's technology is regarded as the missing link in Google's Street View service (used by both Google Maps and Google Earth ), which allows users to view photos along numerous streets around the world.

Reprinted from the Israel High-Tech & Investment Report October 2010

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