Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene July 1 – July 7
New Startups / VC Funding
Israel’s Yopi Can Use Sweat to Monitor Your Health
Yopi (Your Online Personal Instructor) is an Israeli startup that has developed a sweat analyzer that combines biosensors and AI algorithms the company says can track in real time a user’s health and wellness. The technology works through a wearable device that looks like a watch.
Founded in 2016 by Hemi Re’em and Dr. Menachem Genut, YOPI’s online system tracks a user’s real oxygen (VO2) consumption and… Read More Here
Bionaut Labs Uses Micro Robots to Fight Brain Disease
Bionaut Labs, an Israeli medtech startup founded by the people who brought Apple’s Face ID, uses microscale robots to “revolutionize” the treatment of central nervous system (CNS) diseases and disorders. The company’s lead programs work against malignant glioma brain tumors and Dandy-Walker Syndrome (a rare pediatric neurological disorder).
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And how does the firm do all of this? Well, it uses… Read More Here
Politics
Operation Home and Garden against Jenin Terror Infrastructure Wraps Up
Israel’s “Operation Home and Garden” has come to an end. The only battle fatality suffered by the IDF during the two-day operation came Tuesday night as troops left the city. Master Sergeant David Yehuda Yitzchak of the Egoz infantry unit was killed by gunfire.
The operation was launched before dawn Monday morning… Read More Here
Israeli Citizen Elizabeth Tsurkov Held Captive in Iraq
ElizabethTsurkov, an Israeli researcher, was taken captive by a terrorist Shiite militia Kataib Hezbollah in Iraq several months ago. The Israeli government knew about the abduction when it happened, but only confirmed it on Wednesday.
Israel says that the group holding Elizabeth Tsurkov is connected to the Iranian backed Hezbollah terrorist organization based…. Read More Here
New American Embassy in Jerusalem Gets Green Light
The city of Jerusalem has given the green light for building a planned new U.S. Embassy compound in Jerusalem. The Jerusalem Local Planning and Building Committee approved the building proposal, so now the American government can apply for the needed permits to begin construction. This is considered just a formality.
The compound is to be located on the heavily trafficked Hebron. It will be bordered by Daniel Yanovski Street… Read More Here
Rambam Doctors Perform Life-Saving Surgery in Ethiopia During Blackout
Last week, a humanitarian delegation from Rambam Health Care Campus (Rambam), performed surgical procedures on patients in Addis Ababa, the capital of Ethiopia. During one such surgery, there was a sudden blackout – there had been a general power failure and for 15 long minutes, the backup generator start up. In less than a minute the Israeli and Ethiopian medical teams responded, flashing the light of their mobile phones on the surgical site while others began to manually pump air into their small patient’s nose since… Read More Here
Mergers and Acquisitions
Keter Plastic Selling For $1.3 Billion
Keter Plastic, an Israeli company that produces home and garden plastic products, is looking for a buyer. According to Calcalist, BC Partners, which has owned the company for seven years, is looking to bring in $1.2 billion Euros ($1.31 billion) from the sale. This is about the same as Keter’s current debt.
The sale price is said to be just half of the company’s value in 2016 when BC Partners acquired…. Read More Here
Other Business Stories
Morgan Stanley Predicts Strong Outlook for Israel In 2023
Morgan Stanley, the powerhouse American investment bank, sees a strong 2023 for Israel, in a rebound after a weak 2022 caused mainly by the worldwide financial crisis and global inflation. The firm sees as much as %2.5 percent economic growth for the country, but there is a catch. Morgan Stanley tied this forecast to whatever the government of Prime Minister Benjamin Netanyahu chooses to do with his controversial judicial reform plans.
On that issue. In its report, Morgan Stanley stated… Read More Here
Israel Signs New $3 Billion Deal For F-35 Stealth Jets
Israel’s Minister of Defense Yoav Gallant approved an approximately $3 billion deal to procure a third F-35 squadron for the Israel Defense Forces (IDF), financed by American aid funds. The IDF gave the F-35 the Hebrew name “Adir” (excellent or great).
As part of the original agreement between the governments, the aircraft’s manufacturer, Lockheed Martin, and the engine… Read More Here
Layoff Nation? Amdocs and Others Making Cutbacks
The hits keep on coming to Israel Startup Nation. Amdocs, one of its biggest success stories, is laying off 2,000 employees, or about 6.5% of its total workforce. And two Israeli healthcare startups are also floundering. TytoCare, which offers a digital device for the performing of remote medical testing, is letting go of about 10% of its people, 20 employees, and DayTwo, a startup offering nutrition advice to diabetics, is looking at a complete shutdown after raising $83 million.
Calcalist reported that DayTwo… Read More Here
Lemonade Gets $150 Million from General Catalyst For Implementing ‘Synthetic Agents’
Lemonade, an Israeli insurance company powered by AI and social impact, has received a $150 million infusion from General Catalyst, a leading venture firm and an early investor in Lemonade, to create Synthetic Agents. Lemonade says that synthetic agents are a “novel financial structure that unlocks growth without depleting cash.”
Synthetic Agents were designed to deliver the cash… Read More Here
