Israel-based voice recognition software company Persay has been sold by its investors to an undisclosed third party.
Shrem Fudim Technologies, an Israel-listed venture investor, said it would gain $2m for its 30% shareholding in Persay, according to news provider Globes.
Persay has raised $10.4m, according to Globes, with its most recent public announcement in February 2007 when SFKT and defence investment firm Athlone Global Security provided $2.3m.
Separately, Globes said communications equipment company Qualcomm’s first corporate venturing investment in Israel had run into trouble.
Modu, which develops lightweight mobile phones that work on Qualcomm’s technology, pulled its planned flotation on the Tel Aviv Stock Exchange.
Qualcomm Ventures invested $7.5m in Modu last year and the group had raised $124m in total, Globes said, but was now potentially looking to cut its staff numbers after falling to float.
Qualcomm declined to comment about Modu.