Tel Aviv at sunset, Israel Startup Israel
Israel High Tech Scene July 13 – July 19
New Startups / VC Funding
Israel Tech Funding Surges: Cybersecurity And Mega Rounds Defy Geopolitical Risks, 2024 Report Shows
Cybersecurity firms helped Israel’s high-tech sector rebound in the first half (H1) of 2024, after a decline that came at the end of 2023 in the aftermath of the October 7 Hamas massacre and the ensuing war in Gaza. For example, private funding rose by 31% in H1, amounting to $5.1 billion raised across 322 different new funding rounds. This is according to a report issued by Startup Nation Central, a non-profit that promotes the Israeli innovation ecosystem around the world, published a report of the first half of 2024 in Israeli tech.
Startup Nation Central reported that the rebound in private investment… Read More Here
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Israel’s CTERA Offers Cloud-Based Distributed File Storage Platform For Public And Private Environments
Israeli startup CTERA empowers businesses to leverage the cloud for secure file storage. Named the top Leader and Outperformer in the GigaOm Distributed Cloud File Storage Radar for three consecutive years, CTERA raised $80 million in primary and secondary funding from PSG Equity.
The GigaOm Distributed Cloud File Storage Radar is a report that helps businesses choose the best cloud storage solution for their needs. It offers Distributed cloud file storage – file storage solutions that can be deployed across multiple cloud environments (public, private, hybrid) for improved flexibility and scalability. The… Read More Here
Saliva Pregnancy Test Launches At UK’s Boots: Salignostics’ Product Now Available
Salistick, the world’s first saliva-based pregnancy test produced by Salignostics, an Israeli startup that develops home pregnancy testing devices, will now be sold at Boots, a British health and beauty retailer, under the Boots brand.
The Salistick test, which launched in March in Israel at the Super-Pharm retail pharmacy chain, will be sold in Boots’ pharmacies and online stores. Boots has been around for 175 years and operates approximately 2,100 stores ranging from… Read More Here
AI-Powered Disease Models: CytoReason’s Innovative Health Tech Solution
CytoReason, an Israeli startup, empowers drug development leaders with AI-powered insights, accelerating decision-making and optimizing R&D portfolios to increase Phase 2 Success Rates. To further that goal, and to establish a US Hub in Cambridge, Massachusetts, the company raised $80 million from OurCrowd, NVIDIA, Pfizer, and Thermo Fisher.
The new funding comes after in May CytoReason entered a strategic collaboration with the Crohn’s & Colitis Foundation to empower CytoReason’s analytical capabilities with the Foundation’s IBD Plexus real-world data platform. This collaboration has the potential to accelerate new discoveries with superior data integration and improve the precision and effectiveness of drug development… Read More Here
Israeli AI Startup Acculine Develops Heart Attack Prediction Technology
New Israeli Med-Tech startup Acculine has developed a system that can determine if a person is at risk of having a heart attack. The firm, which previously received a grant from Google, just raised $4.2 million in seed funding to further develop its CORA system that can predict a cardio event.
Founded in 2022 by CEO Moshe Barel, Prof. Aharon Frimerman, head of the Interventional Cardiology unit at Hillel Yaffe Medical Center, Prof. Shai Revzen, a computer science professor at the University of Michigan, and CTO Benny Shani, AccuLine says that the firm wants to save millions of lives worldwide by preventing the next heart attack. AccuLine is developing CORA – an accurate… Read More Here
Other Business Stories
Israel’s Average Wealth Climbs In 2023, UBS Report Shows
A recent UBS report ranked Israel 18th globally in terms of average wealth per adult, at $260,000 in 2023. This reflects a significant 14% increase compared to 2022, outpacing the global average growth of 4.2%. However, the report also highlights a potential concern: the growth in median wealth in Israel was weaker. This suggests that the economic benefits may not be reaching all citizens equally, and wealth inequality might be on the rise.
Over 180,000 Israelis, or about one in every ten, have a net worth exceeding $1 million. Additionally, more than 2.5 million Israelis possess wealth between… Read More Here
Politics
Israel’s Military Expands: Ultra-Orthodox Jews To Be Drafted Into IDF
The Israel Defense Forces (IDF) announced that it will begin issuing initial summons notices for candidates for security service from Israel’s ultra-Orthodox communities on Sunday. In other words, the IDF is preparing to draft thousands of Ultra-Orthodox youth in accordance with a recent ruling issued by Israel’s Supreme Court.
That ruling not only required an end to the practice of allowing for draft deferments for those who study full-time in Yeshivas – Tora study academies – but also required that the ultra-orthodox students eligible for military practice be… Read More Here
Israel Defense Forces Chief General Halevi Justifies Targeted Strikes On Hamas Leadership
Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Herzi Halevi came out and said that making a deal with Hamas that would see the release of Israeli hostages held by the terrorist organization in Gaza is a “moral imperative.” General Gantz’s comments, made at a press conference at the Palmachim Airbase in central Israel on Sunday, could be seen as a rejection of the current policy held by the government of Prime Minister Benjamin Netanyahu.
General Halevi also defended the IDF’s engaging in “targeted assassinations” of Hamas leaders saying they are “important for the systematic dismantling of… Read More Here
Archeology/History
Ancient Biblical Scarlet: 3,800-Year-Old Red Fabric Found In Judean Desert
An archaeological project led by Dr. Naama Sukenik (Israel Antiquities Authority), Prof. Zohar Amar, and Prof. David Iluz (Bar-Ilan University), funded by the Israel Science Foundation, identified a 3,800-year-old bright red textile fragment dyed with kermes, a biblical color. The textile was found in the Judean Desert Caves. The findings were published this week in the Journal of Archaeological Science: Reports.
The textile was produced from the oak scale insects, which the researchers identify with the biblical “Tola‛at Hashani” (scarlet worm)… Read More Here
Science
Brain’s Surprising Role In Heart Attack Recovery Revealed By Technion Study
Technion researchers in Israel led by Ph.D. student Hedva Haykin and supervised by Prof. Asya Rolls and Prof. Lior Gepstein (Ruth and Bruce Rappaport Faculty of Medicine) found that activating the brain’s reward system may improve heart attack recovery.
Technion researchers investigated the brain’s reward system, linked to positive emotions and motivation, to see if it could aid recovery from heart attacks (acute myocardial infarction or AMI). Their study in Nature Cardiovascular Research… Read More Here
Tel Aviv University Breakthrough: Remote Step Length Monitoring Detects Neurological Diseases And Aging
Scientists from Tel Aviv University in Israel have taken step counting to a new level! By utilizing machine learning, they’ve created an algorithm that analyzes data from a tiny, waterproof sensor worn on the lower back. This impressive algorithm translates sensor readings into highly accurate step length estimates. Even better, this new method is nearly four times more precise than the current standard biomechanical model!
Researchers at Tel Aviv University and the Ichilov’s Tel Aviv Sourasky Medical… Read More Here
New Israeli Brain Technology Gives Hope For Communication To Fully Paralyzed Patients”
Imagine this! A way to let paralyzed people communicate using only the power of thought. Researchers from Tel Aviv University and Tel Aviv Sourasky Medical Center (Ichilov Hospital) have demonstrated the potential for speech by a silent person using the power of thought only.
The scientists implanted depth electrodes in a subject’s brain that transmitted the electrical signals to a computer and asked him to imagine saying one of two… Read More Here
