Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene June 8 – June 14
New Startups / VC Funding
Israel’s Bright Machines Secures $126 Million To Revolutionize Electronics Manufacturing
Bright Machines, an Israeli startup and a leader in intelligent, software-defined manufacturing that offers a full-stack automation solution for manufacturing, announced a $126 million Series C funding round. This brings the company’s total funding to over $400 million. The round was led by BlackRock, with participation from industry giants like NVIDIA, Microsoft, Jabil, and Shinhan Securities.
A full-stack automation solution for manufacturing refers to a comprehensive approach that automates various aspects of the production process, from top to bottom (hence the “full-stack” terminology). This includes connecting different software systems used in manufacturing, such as Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES), and design tools… Read More Here
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Israel’s CogniFiber Set To Take On Nvidia
CogniFiber is an Israeli startup that develops advanced in-fiber photonic processing systems and DeepLight processors that harness the power of light itself and can operate much faster that anything offered by the world’s current largest company Nvidia. They use specially designed optical fibers with multiple cores to crunch data at the speed of light, aiming for a staggering 1,000x boost in processing speed during AI tasks. Remarkably, they achieve this while consuming only 1% of the energy compared to traditional processors.
To that end, CogniFiber just raised $5 million in a new funding… Read More Here
Harnessing The Power Of Sun And Robots: AgRE.Tech’s Innovative Approach To Agrivoltaics
Israel boasts a rich legacy of agricultural innovation, stretching back to the early days of the Zionist settlements. While the nation is now recognized as “Startup Nation” for its high-tech prowess, its agricultural roots run deep. From pioneering land reclamation projects to exporting agricultural expertise, Israel has consistently pushed the boundaries of what’s possible in farming.
agRE.tech: Merging Tradition with Technology
agRE.tech, a forward-thinking Israeli company, is merging this agricultural… Read More Here
OCON Therapeutics: A Women’s Health Innovator Led By Women And Recognized By The World Economic Forum
OCON Therapeutics, a leading Israeli FemTech company recognized by the World Economic Forum, has secured $10 million in funding to advance its mission of transforming women’s healthcare, specifically with innovations in IUDs. This investment, led by RH Capital, fuels OCON’s development of groundbreaking drug delivery solutions for prevalent uterine conditions.
Contraception is central to women’s issues. The IUD (an intrauterine device) is a device implanted into the body and can be removed anytime. This gives women a higher level of freedom and control over their own bodies… Read More Here
Top Seven Israel Startup Nation Success Stories June 2024
Here is Jewish Business News’ list of the seven biggest startup stories to come out of Israel Startup Nation in June, 2024… Read More Here
Politics
Israel Defense Forces’ October 7 Intelligence Failure: Preliminary Findings Reveal Missed Warning Signs
In a significant development, the Israeli Defense Forces (IDF) Chief of Staff, Lieutenant General Herzi Halevi, has received preliminary findings from the Intelligence Division’s investigation into the October 7 Hamas terror attack. This report, aired by Israel’s Channel 12 News on Tuesday evening, cites “sources familiar” with the Intelligence Directorate probe.
While not the complete inquiry, IDF sources describe these as comprehensive and thorough assessments. A crucial conclusion states: “The warning signs were substantial enough that lesser indications have previously triggered… Read More Here
IDF’s Elite Unit 8200 Soldier Warned Of October 7 Attack, Allegedly Ignored
There is more news about the warnings received about an impending attack in the days before the October 7 Hamas terror massacre. Israel’s Chanel 12 Television News reported that a non-commissioned officer in the Israel Defense Forces (IDF) vaunted cybersecurity Unit 8200 sent an email warning of an impending attack with the code phrase “the sword is coming.”
The warning specified that the “Jericho Wall” plan, a plan designed by Hamas terrorists for the implementation of an attack like the one enacted on October 7, was in play. The IDF knew about Jericho Wall long before October 7. However, this warning came late and it is not clear if the IDF could have stopped the attack. But… Read More Here
Israel’s Nuclear Spending: Watch Group Says It Spent $1.1 Billion On Nuclear Arms In 2023
A recent report by the International Campaign to Abolish Nuclear Weapons (ICAN), the 2017 Nobel Peace Prize laureate, sheds light on a concerning aspect of global security: Israel ranked seventh in the world in terms of nuclear weapon spending in 2023, estimated at $1.1 billion.
This raises a multitude of questions about the role of nuclear weapons in the Middle East, the ethical and financial implications of such spending… Read More Here
Israel’s Left-Wing Parties Labor And Meretz Unite: The Democrats Emerge To Challenge Netanyahu’s Government
Israel’s political landscape is experiencing a significant shift as two major left-wing parties, Labor and Meretz, announced their merger on Sunday. The newly formed party, aptly named “The Democrats,” represents a strategic move to reinvigorate the struggling left-wing in Israeli politics.
The Labor Party, the Party of David Ben-Gurion, once a dominant force in Israeli politics, led the country’s government for decades, including the pre-independence period. It secured victory in the first eight elections following… Read More Here
Poll: 66% Of Israelis Want Netanyahu To Exit Politics Amid Ultra-Orthodox Draft Controversy
A recent television poll from Israel’s Channel 12 reveals that approximately two-thirds of Israeli citizens believe Prime Minister Benjamin Netanyahu should step down from politics and abandon any plans for reelection. This sentiment comes in the wake of a tumultuous week in Israeli politics, sparked by the High Court’s landmark decision regarding the military conscription of ultra-Orthodox yeshiva students.
The survey highlights the significant impact of the High Court’s ruling on… Read More Here
Science
Innovative Solution For Shrapnel Injuries At Galilee Medical Center
In the face of increasing combat-related injuries, an Israeli doctor has devised a creative solution to a critical medical challenge. Dr. Eyal Sela, head of the Otolaryngology-Head & Neck Surgery Department at Galilee Medical Center, has pioneered the use of a consumer-grade metal detector to locate shrapnel in patients with head and neck injuries.
The outbreak of the Iron Swords War against Hamas in Gaza led to a surge in patients with embedded metal… Read More Here
Israel’s Growing Elderly Population: A Looming Crisis And A Beacon Of Hope
Israel’s demographics are shifting rapidly, with a growing elderly population putting a strain on the healthcare system. Professor Tzvi Dwolatzky, a leading expert in geriatric care at Haifa’s Rambam Health Care Campus, highlights this critical challenge.
The surge in elderly citizens, fueled by medical advancements and a declining birth rate, is impacting everything from social services to urban planning. However, healthcare feels the most acute pressure, particularly geriatric
