Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene and Other Business Stories May 27 – June 2
New Startups / VC Funding
Jaguar Land Rover Launches New Hub for Israeli Startups
Jaguar Land Rover’s Open Innovation program is expanding into Israel. The firm is partnering with Tata Consultancy Services (TCS) in Tel Aviv to expand its access to the “powerful Israeli start-up scene.” This new partnership, said the company, will leverage TCS’ Co-Innovation Network (COIN), to identify local technology offerings and scale them to global mobility solutions and services and… Read More Here
Israeli Startup Joyned Signs Deal with Spain’s RIU Hotels
Jerusalem-based Joyned, an Israeli startup that offers software as a service SaaS platform that helps retailers to provide social shopping experiences directly to their consumers, has entered into a new partnership with RIU Hotels, a Spanish hotel chain. RIU Hotels said that it deploy Joyned’s social booking software as a tool for customers on its US online booking sites.
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This is already the second such deal this… Read More Here
Buildots’ Aviv Leibovici Tells JBN How Company Helps Construction with High-Tech
Buildots is an Israeli startup that is building the “data-driven” construction site. The company’s tagline is, “One central platform connecting all aspects, connecting you straight to reality.” Buildots’ Chief Product Officer & Co-Founder Aviv Leibovici spoke with Jewish Business News about the company, how it started and what it plans for the… Read More Here
Israel’sHyro Raises $35 Million for AI Tech
Hyro, an Israeli startup that is developing a no-code platform for AI-powered call center, web, and mobile solutions, raised $20 million in a $20 million Series B funding round led by Macquarie Capital. The company has now raised $35 million to date.
Everyone is talking about AI – artificial intelligence – these days. OpenAI ChatGPT, which is now as controversial as it is popular. How will… Read More Here
Israeli Startup Ariga Raises $18 Million
Ariga, an Israeli startup that offers a platform for database schema management, raised $18 million in funding led by Tiger Global and TLV Partners. And at the same time Accelerator program Fusion closed its $20 million fund backed by Insight Partners along with 70 serial entrepreneurs and venture capitalists from Israel and the U.S.
Founded in 2017 by Guy Katsovich and Yair Vardi… Read More Here
Israel’s QuantalX Gets FDA Breakthrough Designation And Its Revamp Medical Gets Funding For New Medtech
Revamp Medical, Inc., an Israeli medtech startup developing solutions for Heart Failure congestion management, closed a Series A preferred stock financing round to support clinical trials for its Doraya catheter for treating heart failure patients. At the same time, BioNanoSim (BNS), an Israeli-based nanotechnology drug discovery and development company, is set to merge with the Greek pharmaceutical company and established European… Read More Here
Israel’s Steakholder Foods Has New 3D Printed Fish Tech
Steakholder Foods Ltd., an Israeli foodtech startup developing a suite of advanced manufacturing technologies to produce cultured meat and fish products and formerly known as MeaTech 3D, has now created a non-traditional fish for eating and the company declares that it will not harm the environment.
The world’s fish populations are diminishing because of over consumption. The loss of the fish also leads to the loss of other sea life… Read More Here
IPOs and Unicorns
Israel’s 3d Printing Firm Xjet Looks to NASDAQ IPO
XJet, an Israeli startup that offers inkjet technology for 3D printing of small metal and ceramic parts, is looking to go public. The firm is planning a NASDAQ IPO in which it hopes to raise about $10 million. In its filing, XJet said that it intends to offer 2 million shares at a price of $4 to $6 per share.
The IPO is expected to come sometime before the end of 2023, but XJet has not set a specific date as of… Read More Here
Other Business Stories
Israel Unveils New C-Dome Naval Missile Defense System
The Israel Missile Defense Organization (IMDO), under the Israeli Ministry of Defense’s DDR&D, along with the Israeli Navy and Israel’s Rafael Advanced Defense Systems said they have successfully completed a series of multi-system and multi-tier tests using the naval version of the Iron Dome system, known as “C-Dome.” The C-Dome, installed on the Israeli Navy’s Saar 6 “Magen” corvettes, successfully intercepted advanced targets which represent threats to the State of Israel’s infrastructure and strategic assets in its exclusive economic zone. Israeli Navy combat personnel operated the systems used in the test… Read More Here
Israel Signs New Deals with Morocco
As part of Israel’s Minister of Transportation and Road Safety Miri Regev’s visit to Morocco, on Monday the Minister and her Moroccan counterpart, Mohamed Abdel Jalil, signed three new agreements between their two nations – one on driver’s license reciprocity, one on shipping and another on road safety innovations. This is a historic event as it marks the first time such agreements have ever been signed between the two nations and comes just a few years after Israel and… Read More Here
Energean Gets Recognition for Another Israeli Natural Gas Filed The ‘Katlan’
Energean, the British energy company which operates Israeli natural gas fields in the Mediterranean Sea, has received formal recognition from the Israeli government of its new “Katlan” offshore natural gas field located in Israeli waters in the Mediterranean Sea. Israel’s Minister of Energy and Infrastructure, MK Israel Katz, made it official when on Wednesday he granted Energean official recognition of the natural gas discovery under license 12.
The Katlan field is located between Energean’s Karish and… Read More Here
Fitch Hints at Rating Raise For Israel Should Judicial Reforms Be Halted
International credit ratings agency Fitch may just be amenable to raising the rating that it gives Israel should the government of Prime Minister Benjamin Netanyahu drop its planned controversial judicial reform program.
This news comes a little over two weeks after fellow credit rating agency Standard & Poor’s (S&P) left Israel’s credit rating unchanged at AA-. In its assessment of the rating, S&P said Israel’s “resilient economy, strong balance of payments, and a moderate level of public debt,” were factors in its… Read More Here
IDF Unveils News Eitan APC
The Israel Ministry of Defense (IMoD)Tank & APC (armored personnel carrier) Directorate and the IDF delivered the first series of Eitan APCs to the IDF’s Nahal Infantry Brigade. Additionally, Nahal Brigade soldiers operated the Eitan APCs in various simulated combat scenarios in a first-of-its-kind exercise in northern Israel.
The Eitan has hulls produced by America’s Oshkosh Defense manufacturer. In January, the IMoD signed a deal valued at over $100 million for the… Read More Here
Nvidia Creates Israel-1 Supercomputer – One of the World’s Fastest
NVIDIA will construct one of the world’s fastest supercomputers, the NVIDIA Spectrum-X, an accelerated networking platform the company said is designed to improve the performance and efficiency of Ethernet-based AI clouds. To that end, the company developed, over the past 18 months, the Israel-1 supercomputer in its Israeli data center which will be used in support of the new program. Jensen Huang, founder and CEO of Nvidia, announced the new plans while speaking in Taiwan.
The Israel-1 is a hyperscale generative AI… Read More Here
