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Jewish Business News


Israel High Tech Scene June 8 – June 14

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Tel Aviv at sunset, Israel Startup Israel

Israel High Tech Scene June 8 – June 14

New Startups / VC Funding
Israel’s Fetcherr Soars With $90 Million Series B Funding To Revolutionize Airline Pricing With AI
Fetcherr, the Israeli startup transforming the travel industry with its AI-powered pricing and inventory control engine for airlines, has secured a whopping $90 million in Series B funding. This significant investment, led by Battery Ventures with participation from existing investors, fuels Fetcherr’s growth trajectory and… Read More Here

Israeli Startup Sensi.AI Revolutionizes Senior Care With AI: Secures $31 Million Funding
Sensi.AI, a leading Israeli startup in the field of AI-powered senior care, has announced the successful closing of a $31 million Series B funding round. This fresh injection of capital brings their total funding to over $53 million.

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Founded in 2020, Sensi.AI is on a mission to transform senior care with their innovative in-home virtual care agent powered by artificial intelligence. This groundbreaking solution caters to the rapidly growing global market for… Read More Here

Flipkart Launches Program To Partner With Israeli Startups
Flipkart, India’s leading e-commerce marketplace, announced the launch of a new initiative aimed at fostering collaboration with Israeli startups. This program, part of Flipkart Leap, the company’s startup accelerator program, is designed to connect Israeli innovators with Flipkart’s vast resources and market reach.

The Flipkart Leap Innovation Network (FLIN) offers Israeli startups at various stages the opportunity to test their solutions through partnerships with Flipkart… Read More Here

Mergers and Acquisitions
JFrog Acquires Qwak AI To Streamline AI Workflows
JFrog Ltd., an Israeli leader in software supply chain solutions, announced today the acquisition of Qwak AI, a company specializing in AI and MLOps platforms. This move signifies JFrog’s commitment to providing a comprehensive solution for building, managing, and deploying AI-powered applications.

The acquisition aims to create a unified platform encompassing DevOps, DevSecOps, and MLOps functionalities. This integration will empower developers… Read More Here

Other Business Stories
Israel Gears Up For AI Leadership With First Supercomputer And National Program
Israel is making a bold move to solidify its position at the forefront of artificial intelligence (AI). Dror Bin, CEO of the Israel Innovation Authority, announced at an AI conference on Wednesday that the country will launch a tender next month to establish its first supercomputer, reported Reuters. This initiative, coupled with a significant national AI program, demonstrates Israel’s commitment to becoming a global leader in the rapidly evolving field of AI.

Dr. Bin emphasized the crucial role AI already plays in Israel’s booming tech sector. From cybersecurity and medical diagnostics to autonomous… Read More Here

New Study Reveals Israel’s Strong Position In The Booming Field Of Generative AI (GenAI).
A recent study by the Israel Innovation Authority shows that Israel is a major player in the development of Generative AI technology. With 4% of global GenAI companies headquartered in Israel, the country ranks third behind only the USA and UK.

Dror Bin, CEO of the Israel Innovation Authority, highlighted the impressive growth of Israeli GenAI companies, attributing it to the nation’s strong foundation… Read More Here

Israeli Scientist Tali Dekel Helped Create Google’s Lumiere
Dr. Tali Dekel of the laboratory for the study of computer vision in the Computer Science and Applied Mathematics Department at the Weizmann Institute is one of the world’s leading researchers in generative AI. She focuses on the hidden capabilities of existing large-scale deep-learning models and her research with Google led to the development of the recently released video… Read More Here

CEO Of Mizrahi Tefahot Bank: “Israel’s Most Dangerous Economic Situation Since Its Founding”
Moshe Lary, CEO of Mizrahi Tefahot Bank, painted a stark picture of Israel’s economic situation at the Calcalist and Mizrahi Tefahot Growth Conference. He declared it the most critical economic juncture for the country since its founding… Read More Here

Shedding Light On Pancreatic Cancer: Israeli Scientists Offer New MRI Approach For Earlier Detection
Pancreatic cancer is a notoriously aggressive disease with a poor prognosis. Early detection is crucial for successful treatment, but unfortunately, pancreatic tumors are often difficult to identify due to the pancreas’s deep location within the abdomen. A new research project at the Weizmann Institute of Science offers a promising solution – a novel magnetic resonance imaging (MRI) method that could potentially illuminate pancreatic tumors in MRI scans, leading to… Read More Here

Self-Repairing Wonder: Tel Aviv University Develops Transparent, Adhesive Glass
A groundbreaking discovery by researchers at Tel Aviv University (TAU) has the potential to revolutionize various industries with the creation of a unique glass material. This novel glass is not only transparent but also possesses self-repairing and adhesive properties, forming spontaneously at room temperature when exposed to water. This innovation, detailed in a recent publication in the esteemed scientific journal Nature, opens doors for applications in optics, satellite… Read More Here



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