20 September 2015 - 7 Tishri 5776 - ז' תשרי ה' אלפים תשע"ו
Baidu makes investment in Israel start up company Print E-mail

China’s Internet giant Baidu Inc is making its first direct investment in Israel’s thriving start-up sector through video capture firm Pixellot. The investment is worth US$3 million.

Pixellot plans to utilise the funds to increase its research and development and to advance worldwide marketing and business development.

Baidu’s senior director of corporate development, Peter Fang, is of the opinion that Israeli technology will change video content production for Internet users in China.

Pixellot, established in 2013 by Miky Tamir and CTO Gal Oz, is known for developing a system of unmanned cameras capable of covering the entire field or court at a sporting event and mechanizing video production for professional broadcasters as well as amateur fans. Pixellot also allows its users to zoom in on any part of the venue and to navigate back and forth in time. This is the first time that such a technology has been devised. It will be enabled through a series of elaborate algorithms.

(Issue february 2015)

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