Israel High Tech Scene June 8 – June 14

Tel Aviv at sunset, Israel Startup Israel

Israel High Tech Scene June 8 – June 14

New Startups / VC Funding
Israeli Startup Remepy Offers Hybrid Drugs To Treat Brain Diseases
Remepy is an Israeli startup that offers a new hybrid drug that uses “digital molecules” that can cause changes in the brain. The new medication could lead to breakthroughs in the treatment of Parkinson’s disease and could even be used by way of an app.

Hybrid drugs are new proprietary pharma assets that combine software with drugs to create SaMD (software as a medical device) Drug combinations. Remepy boasts that its digital interventions target main disease endpoints as well as… Read More Here

Cybereason Founders Start New Israeli AI Firm Seven AI
Seven AI, a new Israeli AI startup, was founded by the people behind Israel’s cybersecurity firm Cybereason, Yonatan Striem-Amit and Lior Div, both veterans of the Israel Defense Forces’ vaunted 8200 intelligence unit. Seven AI just came out publicly with a $36 million raise in a Seed funding round, led by Greylock Partners and joined by CRV and Spark Capital.

The Wall Street Journal reported that Seven AI was valued at more than $100 million in September when Greylock provided it… Read More Here

Halio And Arbe Robotics Giving Mobileye A Run For Its Money
Mobileye is not the only Israeli company developing auto-tech, just the best known. A variety of Israeli startups working in this field were represented at last week’s EcoMotion Exhibition held in Tel Aviv, including two significant ones: Halio and Arbe Robotics.

Co-founded in 2017 by Orr Danon and Avi Baum, previously CTO for wireless connectivity at the microprocessor outfit Texas Instruments, Hailo boasts that its AI processors feature high compute power at a high power efficiency and cost efficiency. One small, low-power and self-contained chip can process… Read More Here

Israeli Startup Offers Neurological Treatments For Many Vision Problems
RevitalVision is an Israeli startup that offers new neurological treatments for a variety of eye-related issues. The firm’s non-invasive technology enhances eyesight neurologically and can deal with problems like amblyopia. In April, RevitalVision reported success in two new trials of products that treat nystagmus, a condition in which the eyes make repetitive, uncontrolled movements, and keratoconus.

Millions of adults struggle with amblyopia, often called lazy eye, a leading cause of vision problems. Traditionally, treatment focused on children… Read More Here

Other Business Stories
Intel Canceled Construction Of New $25 Billion Factory In Israel
Intel’s $25 billion factory in Israel seems to be on hold, as recent canceled contracts with suppliers for equipment and materials suggest a halt. Israeli financial news site Calcalist said on Monday that the Ministry of Finance is aware of this situation.

Despite a planned $25 billion investment in Kiryat Gat, Intel’s December announcement for a new Israeli factory is stalled. The project included $3.2 billion in government incentives and Intel’s commitment to buy 60 billion shekels in… Read More Here
SEC Charges Joonko Founder Ilit Raz With $21 Million Investor Fraud
Ilit Raz, the CEO and founder of recruitment startup Joonko, has been charged by the Securities and Exchange Commission (SEC) with defrauding investors out of at least $21 million. The SEC’s complaint, filed on Tuesday in the U.S. District Court for the Southern District of New York, details a series of misleading statements and fraudulent activities Raz orchestrated to entice and deceive investors.

It has been almost a year since Ilit Raz was forced to leave the firm… Read More Here

Politics
Strategic Strikes: Israel’s Role In Targeting Iran’s Nuclear Program
Today, in politics and conflicts, fighting is not limited to bombs and guns. The advanced weapon is technology. Countries fight with cyber warfare. That’s why Israel is known for its strategic attacks on Iran’s nuclear program… Read More Here

62% Of Voters Won’t Back Parties Supporting Netanyahu, Poll Reveals
A Friday evening television poll revealed that 62% of voters would not support a party supporting Prime Minister Benjamin Netanyahu’s continued premiership. The Channel 12 news survey indicated that only 19% of respondents would vote for a party supporting Netanyahu, while another 19% were undecided.

This poll highlights the significant divisions and uncertainties within the Israeli electorate regarding Netanyahu’s leadership and the government’s…Read More Here

Dr. Says: “Abductees Are Severely Malnourished, And Have Been Abused For A Long Time”
In a daring and complex operation that has captured global attention, the Israel Defense Forces (IDF), in collaboration with Shin Bet and the Israel Police’s elite Yamam unit, successfully rescued four Israeli hostages after 246 days in Hamas captive. The operation carried out in the heart of Nuseirat in the Gaza Strip, resulted in the safe recovery of Noa Argamani (25), Almog Meir (21), Andrey Kozlov (27), and Shlomi Ziv (40).

The meticulously planned operation was executed early Saturday morning, involving coordinated efforts from multiple Israeli security agencies. The hostages… Read More Here

Hamas Orders Operatives To Kill Hostages If Israeli Forces Approach, Report
In a chilling development reported by The New York Times, Hamas terrorist leaders have reportedly given standing orders to operatives holding hostages: if they believe Israeli forces are approaching, their first action should be to shoot the captives. This information, sourced from Israeli officials, adds a harrowing dimension to the ongoing conflict.

Two days following the Israel Defense Forces (IDF) rescue of four… Read More Here

Knesset Revives Controversial Law Exempting Orthodox From Military Service
On a night when the nation was mourning the loss of four soldiers in battles against Hamas in Rafah, the Knesset of Israel has revived a controversial law exempting Orthodox from military service. The final vote saw 63 in favor and 57 against the law.

Originally proposed by former Defense Minister Benny Gantz, the law has been… Read More Here

Science
Israel’s Weizmann Institute Of Science Makes New Discovery About Photons
Scientists from Israel’s Weizmann Institute of Science say they made an amazing discovery – a previously unknown type of vortex, uncovered when they studied photons in quantum computing. When photons collide, they create vortices.

While searching for better ways to use light particles (photons) for quantum computers, the Weizmann Institute scientists stumbled upon something surprising. They discovered that when two photons interact (which rarely happens), they create swirling patterns called vortices. This finding not only… Read More Here