Israel High Tech Scene February 24 – March 1
New Startups / VC Funding
Exodigo Raises $105 Million After Losing One Of Its Own In Gaza War
After losing one of its own in the Iron Swords War against the terrorist group Hamas, Exodigo, an Israeli startup that has developed a 3D imaging, sensors and AI subterranean mapping platform, closed a $105 million Series A round of funding led by Greenfield Partners and existing investor Zeev Ventures. The company has raised a total of $118 million in funding since its launch in 2022. Exodigo says that it is reinventing underground mapping and plans to use the new capital to further build out its global team, accelerate the development of… Read More Here
Israel’s Supree Has Tomato Growing Breakthrough
Supree, a new venture, is yet another example of Israel Startup Nation leading the world in the development of food alternatives and new healthy ways to grow and store natural foods like tomatoes. Established by NRGene Technologies, Supreme specializes in innovative fruit and vegetable varieties that naturally self-dry on the vine while maintaining nutritional value and flavor.
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The innovations developed by Supree go hand in hand with certain similar advancements made recently by Israel Startup Nation, for example, Israeli scientists found a way to grow vegetables using a fraction of the water that is required today to do so. Just a few weeks ago, researchers from Tel Aviv University… Read More Here
Israel’s SimpleClosure Can Help When a Business Fails
SimpleClosure, an Israeli startup that offers an equity compliance platform for the shutdown procedures when the time comes to close a failed business, raised $4 million in seed funding led by Infinity Ventures just months after the company held its pre-seed round.
No one wants to think about failure. No one wants to have to deal with shutting down their company. But, however unfortunate this may be, most startups fail and there is a great deal of work to be done liquidating assets… Read More Here
Israel’s SliceHelps Companies with Equity Issues
Slice, an Israeli startup that offers the only global equity platform utilizing AI for continuous compliance, emerged from stealth with a $7 million seed funding round led by TLV Partners. Slice helps companies manage equity to their international employees.
These days everything is global. Companies have offices and employees all over the world. This is especially true for Startup Nation Israel. And this means having to navigate the local laws, regulations and tax codes of different… Read More Here
Science/Culture
Israeli Astronomers Discover Supermassive Balck Hole
Move over NASA! Israeli astronomers from Ben-Gurion University in the Negev detected an “extremely red supermassive” black hole in the early universe growing in the shadows. Supermassive black holes are the largest type of black hole, possessing masses ranging from millions to billions of times the mass of our sun.
So, this discovery could help to explain the secrets around… Read More Here
Israeli Scientists Are Developing A Treatment For Huntington’s Disease
Israeli scientists may have found a treatment for Huntington’s disease. Weizmann Institute scientists have discovered two small molecules that can cross the blood-brain barrier in mice, slowing and even reversing the effects of Huntington’s, which is incurable.
In just the past few weeks, Israeli scientists revealed breakthroughs in the treatment of male infertility and even developed a way to grow testicles in a lab. Is there nothing they cannot do… Read More Here
Mergers and Acquisitions
Israel’s Codefresh Bought by Australia’s Octopus Deploy
Israeli startup Codefresh, an Argo maintainer and leader in Kubernetes CD, GitOps, and CI, has been acquired by Octopus Deploy, an Australian firm that offers a user-friendly release management, deployment automation and DevOps solution. The terms of the deal were not disclosed, but Israel’s Calcalist reported that it could be worth as much as $50 million.
So, the Americans and Europeans are not the only ones buying out or investing in Israel Startup Nation… Read More Here
Other Business Stories
FDA Approves Teva Pharmaceuticals Medication That Can Treat Many Illnesses
Israel’s Teva Pharmaceuticals received approval from the Food and Drug Administration for the SIMLANDI (adalimumab-ryvk) injection, for the treatment of a number of different forms of arthritis, colitis and Chron’s Disease, among others. The drug is developed together with Iceland’s Alvotech and its marketing could lead to billions in sales.
SIMLANDI is the first high-concentration, citrate-free biosimilar to Humira – a currently used medication – that has been… Read More Here
Israel’s Elbit Defense Contractor Continues to Lead Innovation with New Hermes 650 Tactical Drone
Elbit Systems, the Israeli defense contractor, proved once again that Israel Startup Nation takes the lead in defense innovations with its new Hermes 650 tactical drone, or UAV (unmanned aerial vehicle). Elbit also just signed a $600 million contract with the Australian military to supply it with “advanced protection, fighting capabilities and a sensor suite” to the Redback Infantry Fighting Vehicles (IFV) Australia is acquiring from South Korea. Australia chose Elbit because it is Israeli… Read More Here
