Tel Aviv at sunset, Israel Startup Israel
New Startups / VC Funding
PoLoPo Makes Raise for Protein Alternatives As Constru Crashes
PoLoPo, an Israeli startup producing animal-type proteins from plants, raised $1.75 million in funding led by FoodLabs. Israel is at the forefront of the meat alternatives industry these days with other companies like Redefine Meat, Zero Egg and Mermade Seafoods.
And Israeli construction startup Constru has had its assets frozen by a Tel Aviv court. The company asserts… Read More Here
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Israel’s TechSee and Innoviz Sign New Deals
Innoviz Technologies, an Israeli provider of automotive-grade LiDAR sensors and perception software, signed a deal with Ascendtek Electronics for sales of its products in the greater China area. At the same time, TechSee integrated its computer vision AI platform, Visual Intelligence, with ChatGPT.
We have all heard about ChatGPT. ChatGPT (Generative Pre-trained Transformer) is a chatbot that was launched by OpenAI in November 2022. Chatbot.com explains that a chatbot is software that simulates… Read More Here
Rupert Raises $8 Million for Analytics Platform
Rupert, an Israeli startup that offers an analytics distribution platform, raised $8 million in seed funding led by Cortical Ventures and IA Ventures with participation by Citi Ventures and Joule Ventures, as well as data leaders, including CEO of AtScale, Christopher Lynch, founders of Stitch,
Rupert was co-founded by Ziv Wangenheim and Yoni Steinmentz after leading analyst and data teams at organizations such as Google, Jefferies, Lazard, and Palantir. Harnessing the power of natural language… Read More Here
DOTS Unveils New Agrotech
Israeli agrotech startup Data Of The Soil (DOTS) is offering new technology for direct and continuous measurement of fertilizer concentration in agricultural soils. The company says this could have a dramatic impact on global agriculture, sustainability, and the health of the global population.
At the heart of the system is the company’s unique electro-optical sensor that detects and monitors the soil fertilization level, enables accurate… Read More Here
Anheuser-Busch Investing In Israeli Startups
Anheuser-Busch AB InBev, the world’s largest brewery and maker of America’s iconic Budweiser Beer, TAU Ventures, Tel Aviv University’s VC, and the Israel Innovation Authority (IIA) are collaborating on a new brewery or incubator for “innovative, Israeli start-ups that possess strong, multi-use technologies that have the potential to address some of AB InBev’s current and future business challenges.”
The program has two main aims: To pilot use-case ready solutions; To produce new solutions for real business needs, based on your proprietary technology. Ultimately, emphasis will be placed on the strength of your core technology, and its ability to serve the challenges specified below… Read More Here
Israel’s Carrar Offers Electric Vehicle Solutions
Carrar, an Israeli startup based on the southern town of Sderot, is another company involved in the electric car business. And in case you thought that the field is already over-saturated with Firms like Elon Musk’s Tesla way ahead of the pack, there is still a great deal of room for specialty firms to sneak in and develop specific tech for electric vehicles and this is what Carrar does.
Cold weather can be destructive for all types of mechanical devices. Including cars. In places where temperatures frequently – or usually – drop to below the freezing mark any and all mechanical devices suffer from a myriad… Read More Here
Otterize Makes A Raise A Snyk Makes More Cutbacks
Otterize, an Israeli startup offering an open-source solution to connect services securely, to each other and to their infrastructures, raised $11.5 million in seed funding led by Index Ventures, followed by Dig Ventures, Vine Ventures, with participation by Jibe Ventures, Crew Capital, and Operator Partners. Otterize also publicly unveiled its new Otterize Cloud product, which is now in GA. Meanwhile, Snyk, an Israeli cybersecurity startup in the field of cloud native application security, continues to contract making another 128 layoffs.
The financing round included angel investors like Caleb Sima, former CSO at Robinhood, Michael Shaulov, CEO of Fireblocks, Nadir Izrael, CTO of Armis, Nat Friedman, former CEO of GitHub, Peter McKay…. Read More Here
Other Business Stories
Alarming Trends Among Israeli High-Tech Investors And Executives Following Legal Changes
A recent survey conducted by Startup Nation Central, a non-profit organization dedicated to safeguarding the future of Israeli high-tech for the country’s economic and security strength, has unveiled concerning phenomena among investors and executives in the Israeli high-tech sector.
The survey, which is the first of its kind and the most comprehensive conducted in recent times, sheds light on the negative impact of the legal changes on the recruitment of investors in Israeli high-tech companies.
According to the survey, almost 80% of the executives… Read More Here
Israel’s Rafael Advanced Defense Systems Signs $400 Million Greek Deal
Israel’s Rafael Advanced Defense Systems signed a $400 million deal to provide its naval, air and land-based “Spike” missiles to the Greek military. Director General of the Israel Ministry of Defense, Maj. Gen. (Res.) Eyal Zamir and the Greek Director of the General Directorate for Defense Investments and Armaments, Vice Admiral (rtd) Aristeidis Alexopulos signed the deal which was led by SIBAT, the IMoD’s International Defense Cooperation Directorate.
So, even as Israel is embroiled in domestic political turmoil, with its highways and main streets blocked by anti-government protestors and even… Read More Here
Eco Wave Power To Supply Waave Energy To Tel Aviv
Eco Wave Power Global entered into an official Power Purchase Agreement with the Israeli National Electric Company (“IEC”), based on the official Feed-in Tariff (“FIT”) which was set for the Company’s newly-installed wave energy project at the Port of Jaffa in Tel Aviv, Israel, by Israel’s Electric Authority (IEA).
With the Power Purchase Agreement in place, a private examiner has successfully approved the technology’s grid synchronization, in accordance with the accepted grid connection standards. Next, the Israeli Electric Company (IEC) will perform its own synchronization test and then will officially connect… Read More Here
