Uri Levine

Uri Levine Overview

Uri Levine was born in 1965 in Israel. Levine is a serial entrepreneur. He is co-founder of Waze, the world's largest community-based driving traffic and navigation app, which was acquired by Google for $1.1 billion in 2013, and former board member and investor in Moovit, which was acquired by Intel for $1 Billion in 2020. Mr. Levine is a founder, investor, Chairman or Board Member in several startups, which usually are intended to disrupt inefficient markets and improve under-functioning services. He focuses on solving BIG problems and saving consumers time and money while empowering them and changing the world for the better. Mr. Levine has been in the high-tech business for the past 30 years, half of them in the startup scene. Earlier in his career, he served as an Independent Strategic Consultant and as the Vice President of Marketing at Openwave (OPWV). Before that, he held senior engineering and product management positions in Celltrex and Comverse. He is a BA graduate in Tel-Aviv University. Before attending University, he served in the Israeli army at special intelligence unit 8200.

Latest News

Dec 31, 2020 · www.calcalistech.com

growth-positive

"Google's acquisition of Waze gave birth to 50 other Israeli unicorns"

Uri Levine, founder of Waze, believes that Googles acquisition of Waze in 2013 inspired a wave of local startups in Israel. Israel currently has around 50 unicorns, accounting for 10% of the worlds billion-dollar companies. Levine emphasizes the importance of maintaining a successful brand when acquiring a company. He also discusses the decision between going public through an IPO or being acquired, stating that acquisitions are more likely to happen. Levine believes that acquisitions set the bar for others and lead to the birth of new unicorns. He also mentions several companies in his portfolio that he believes will reach billion-dollar valuations. Additionally, he talks about Fibo, a startup that helps individuals claim tax returns.

Acquisition

Jan 1, 2020 · nocamels.com

growth-negative

Startup Visionaries, VCs, Political Leaders, And Cultural Icons: 17 Israelis Who Shaped The Decade

The article discusses the rise and fall of WeWork, a shared co-working space giant co-founded by Adam Neumann. The company was valued at $47 billion in early 2019, but its valuation fell to a third of the initial sum later in the year, scaring off investors. The Wall Street Journal published a report detailing alleged strange behaviors on the part of Neumann, leading to speculations that the companys biggest investor, SoftBank, was looking to move him out of a leadership role. Eventually, SoftBank announced a deal to buy some 80 percent of WeWork, with Neumann paid $1.7 billion to leave his leadership role.

Management ChangesLayoffs

Jan 27, 2019 · www.forbes.com

growth-positive

From The Co-Founder Of Waze, A Blueprint To Eliminate Traffic Jams

The article discusses the issue of traffic congestion and proposes solutions to eliminate traffic jams. The author mentions that Waze was founded with the goal of helping people avoid traffic jams, but after 10 years, traffic jams are still a major problem. The key theme of the article is finding ways to reduce traffic congestion. The article suggests increasing the ratio of people per vehicle, reducing the size of vehicles, reducing the distance between vehicles, and increasing the speed of vehicles as potential solutions. The article also highlights the importance of autonomous vehicles and dedicated lanes for improving traffic flow. The date of the event described in the article is not specified. Confidence level: 8/10.

CustomersExpand

Mar 28, 2018 · www.forbes.com

growth-negative

I Co-Founded Waze And I'm No Longer Going To Own A Car

The article discusses the potential impact of autonomous vehicles on the automotive industry. It highlights the underutilization of cars and the potential for autonomous vehicles to change the way people think about car ownership. The author predicts that the demand for autonomous, on-demand vehicles will increase dramatically, leading to a decrease in the number of vehicles sold by auto manufacturers. The article also raises questions about the future of driving instructors, parking garages, car insurance companies, and the automotive finance market. It suggests that the market for on-demand autonomous rides may not be led by companies like Uber, but rather by companies like Google and Moovit. The article concludes by speculating on the future of traffic jams and the role of municipalities in regulating mobility.

CustomersPartnersInvestmentAcquisitionManagement Changes

Dec 5, 2017 · nocamels.com

growth-positive

New Israeli Fund Partners With Waze Co-Founder To Invest In Startups

Ayalon Insurance and Halman-Aldubi Investment House have partnered with Uri Levine to invest $25 million in companies of interest. Levine intends to invest in eight companies, including Moovit and FeeX. The fund will also invest in Refundit, a new company by Levine. Levine will receive 20 percent of fund profits. This fund is one of five competing for government backing. Levines company Waze was acquired by Google in a $1.3 billion deal.

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