Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene May 25 – May 31
New Startups / VC Funding
Virility Medical Launches In2 Device For Treating Premature Ejaculation
Virility Medical, an Israeli startup, has announced the upcoming launch of its innovative medical device, in2, designed to treat premature ejaculation (PE) in Israel. Following a successful introduction in the UK, the company aims to address the most common male sexual health concern with this drug-free solution.
The in2 device offers an immediate effect with no adverse side effects or pain, making it a revolutionary option for men dealing with PE. The device has… Read More Here
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Israel’s High-Tech Economy Sees Positive And Negative Trends – Report
The “State of the High-Tech Sector in Israel 2024” report was released by the Israel Innovation Authority. The latest report highlights continued growth in some key areas, with positive trends in several macroeconomic indicators. However, a shadow lurks beneath this optimism. The report also reveals a concerning decline in indices related to crucial business activities. This mixed picture underscores the need to address underlying issues to ensure the sector’s long-term health.
The report indicates that Israeli high-tech faces a crossroads after a period of rapid growth since 2018. The question is whether, looking forward, high-tech will return to a growth trajectory, enter a stagnation phase similar to the post-dot-com… Read More Here
Mergers and Acquisitions
Israel’s WalkMe Acquired By SAP For $1.5 Billion
WalkMe, an Israeli firm that provides website navigation and digital adoption solutions, sold out to enterprise software firm SAP for $1.5 billion. The Executive and Supervisory Boards of SAP SE and the board of directors of WalkMe approved the transaction for US $14 per share in an all-cash transaction.
The sale price is not so great for WalkMe. Three years ago the firm hit a valuation of $2.6 Billion when it held a NASDAQ IPO at a share price of $31. So, the $14 price announced now is less than half of that. However, WalkMe was only valued at $880… Read More Here
Other Business Stories
OpenAI Names Israel’s Stoic As ‘Bad Actor’ In Influence Campaigns
OpenAI said it foiled attempts by the Israeli political campaign firm Stoic to use its ChatGPT AI service to engage in “influence” campaigns with artificially generated content spread around the Internet. This was just one of five firms engaging in such activity around the world, with the others coming from Iran China and two from Russia.
The company dubbed the operation by Stoic “Zero Zeno,” for the founder of the stoic school of philosophy. The people behind Zero Zeno used OpenAI’s models to generate articles and comments that were then posted across multiple platforms… Read More Here
France Cancels The Participation Of Israeli Defense Co. In Eurostory 2024
France canceled the participation of Israeli defense companies in the Eurostory 2024 arms exhibition, which was to be held in Paris in June.
The company organizing the fair announced today (Friday): “By the decision of the government authorities, there will be no stands of the Israeli military industries at Eurostory 2024.” The French news agency AFP reported that at least 74 Israeli companies were supposed to participate in the exhibition.
According to the statement of the French Ministry of Defense, “the conditions for accepting Israeli companies in the French exhibition are no longer met, concerning the call of President Emmanuel Macron, to stop the Israeli activity in Rafah. According to the statements of the President, it is urgent to obtain a… Read More Here
Top 10 Israeli Business Stories From May 2024
From bad news from credit rating agency S&P Global Ratings to an unchanged interest rate, it was a mixed month for business in Israel. There was a court victory for Israel’s Bright Data against Elon Musk’s X, and one Israel Startup Nation firm went bust.
Here is the Jewish Business News list of the ten biggest business stories in Israel from the month of May 2024… Read More Here
Archeology/History
A wealth of historical documents about the history of Jerusalem were released in honor of Jerusalem Day. The Israel State Archives – a unit within the Prime Minister’s Office (PMO) – for the first time revealed 10,189 census files of Jerusalem residents from 1948, which were collected by the “People’s Guard’ in Jerusalem during the War of Independence.
The People’s Guard was established in Jerusalem in September 1947… Read More Here
Jerusalem Is Israel’s Largest City On Jerusalem Day 2024
The City of Jerusalem, the capital of Israel, has a population of 1,005,900 people on the eve of Jerusalem Day 2024, which begins at sundown Tuesday night and lasts until Wednesday evening. This is according to the 38th annual report on the city released by the Jerusalem Institute for Policy Research.
Also, Jerusalem has double the population of Israel’s second most… Read More Here
Michael Douglas Tours October 7 Massacre Sites In Israel
Michael Douglas, the Oscar winning actor, is in Israel on a unity trip to show solidarity with the Israeli public as the war against Hamas terrorists in Gaza continues. On Sunday, Douglas visited Kibbutz Be’eri, one of the places destroyed in the October 7 Hamas massacre and met with Israel’s President Isaac Herzog.
“It’s a very difficult time. You sense the deep shock of this whole experience,” said of his visit to Be’eri and meetings with October 7 survivors. “We’re just happy to be here in support of Israel, and to share with you the fact that America is definitely… Read More Here
Science
Breakthrough In Cancer Diagnosis: New Method Predicts Cell Behavior With High Accuracy
Researchers at the Hebrew University of Jerusalem have developed a promising new diagnostic tool that could revolutionize cancer diagnosis and treatment. Combining nanotechnology and machine learning, this innovative method offers a highly accurate way to predict cancer cell behavior.
The current methods for diagnosing cancer, such as imaging scans and biopsies, often have limitations. They can be invasive, expensive, time-consuming, and may not provide a clear picture of the dynamic nature of cancer at the cellular level. This can lead to delays in treatment… Read More Here
Israeli Scientists Develop New Metamaterial
Israeli scientists made a breakthrough that could revolutionize the plastics industry, the development of lenses and more. Researchers from Tel Aviv University and Los Alamos National Laboratory have developed a novel mechanical metamaterial that remembers the order of actions performed on it, much like a computer following a sequence of instructions.
The new metamaterial – named ‘Chaco’ after the archaeological site of Chaco Canyon in New Mexico – exhibits history-dependent behavior, thus opening a pathway to exciting applications in memory storage, robotics, and even… Read More Here
