Tel Aviv at sunset, Israel
Israel High Tech Scene August 10 – August 16
New Startups / VC Funding
Israeli High-Tech Sector Drives Economy: 33%+ of National Tax Revenue | IIA Report
The Israel Innovation Authority and Israel’s Ministry of Finance’s Chief Economist’s Office released a groundbreaking report detailing the high-tech sector’s significant contribution to state revenues through income and corporate taxes. The report reveals that the sector was responsible for approximately one-quarter of all tax payments in Israel in 2020. Furthermore, high-tech employees contributed about 36% of total income tax payments in 2021.
Most of the revenue from the high-tech sector is related to its workers, said he report, with 85% of the revenue coming from taxing their wages… Read More Here
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Israeli Startup Chaos Labs Revolutionizes Onchain Risk Management for Crypto
Chaos Labs is an Israeli startup that offers services in onchain risk management for cryptocurrencies. The firm raised $55 million in a Series A funding round led by Haun Ventures. Chaos Labs plans to leverage this funding to accelerate new product development and scale its cutting-edge risk management platform. The platform currently features enhanced observability tooling, innovative risk oracles, and real-time parameter recommendations.
On-chain risk management is a critical aspect of decentralized finance (DeFi) that involves using blockchain data and smart contracts to assess… Read More Here
Israeli Food-Tech Startup Revolutionizes Healthy Fried Food, Cuts Costs | Beyond Oil Ltd.
Beyond Oil Ltd. is an Israeli food-tech innovator focused on improving fried food health and reducing operational costs, waste, and environmental impact. The firm has entered into a Letter of Intent with a global leader in industrial frying equipment.
The two companies agreed to design and build state-of-the-art industrial frying filtration solutions that integrate Beyond Oil’s breakthrough technology with the… Read More Here
AI-Powered Data Observability Platform: Israeli Startup definity Revolutionizes Application Monitoring and Remediation
Israeli startup definity has come out of stealth and released a next-generation Data Application Observability & Remediation solution, purpose-built for Spark-first data platforms. The firm also secured $4.5 million in Seed funding led by StageOne Ventures.
A Spark-first data platform is a data architecture that prioritizes Apache Spark as the core engine for data processing, analytics, and machine learning workloads. This approach leverages Spark’s versatility, performance, and in-memory computing capabilities to handle diverse data processing tasks… Read More Here
Backed by Mark Zuckerberg’s Father Perceptive Technologies’ AI-Powered Dental Robot Performs First Fully Automated Procedure on Human Patient
Perceptive Technologies is a new firm providing AI-driven automated dental technology backed by investors who include Facebook founder Mark Zuckerberg‘s father Dr. Ed Zuckerberg. The company completed the world’s first fully automated dental procedure on a human using its advanced robotic dentistry system. Perceptive has raised $30 million in funding to date.
Founded in 2020 and based in Boston, Perceptive Technologies is dedicated to developing fully automated solutions that empower dentists to provide better care to more patients. Through revolutionary breakthroughs in imaging, AI, and robotics, Perceptive is redefining the future of dentistry. Perceptive is partnered with the Harvard School of Dental Medicine and the American Dental… Read More Here
First Ever 3D-Printed Homes: Israel’s ICON’s Vulcan Printer Revolutionizes Construction Industry
Israel’s ICON Technology is revolutionizing homebuilding with its colossal 3D printer, Vulcan. The company is constructing an entire 100-home neighborhood in Georgetown, Texas, set to become the world’s largest 3D-printed community.
Vulcan, a massive 5-ton machine spanning 45 feet, is rapidly transforming the construction industry. By printing homes with a durable concrete mix, cuts build times to just three weeks, offering significant efficiency and cost savings compared… Read More Here
AI-Powered Healthcare Payment Solution: PayZen Revolutionizes Medical Billing
Israeli startup PayZen is transforming healthcare payments with advanced AI and automation. By seamlessly integrating into EMR/EHR systems, we offer personalized payment plans that alleviate financial stress for patients while boosting revenue for health systems. The company raised $32 million in a Series B round of investment and a new $200 million credit warehouse from Viola Credit and a syndicate of insurance… Read More Here
Politics
Temple Mount Controversy: Israel Security Minister Ben-Gvir’s Visit Sparks Outcry
Israel’s Minister of National Security Itamar Ben-Gvir caused a political storm on Tuesday when, while visiting the Temple Mount in Jerusalem, he said that Jews will be allowed to have prayers there, which is currently against Israeli policies. The visit came on Tisha B’Av (the ninth day of the Hebrew month of Av), a 24-hour fast and day of mourning commemorating the destruction of Jerusalem and the Temple by the Romans 2,000 years ago, and Ben-Gvir’s comments angered members of his own government.
While on the Temple Mount, where the Temple once stood and where the Muslims have two sacred mosques, Ben-Gvir said, “We are here on Tisha B’av, the Temple… Read More Here
Israeli Rabbis Condemn Temple Mount Visits in Video Message to Arab Nations
A group of senior Israeli rabbis released a video to the Arab nations of the world in which they condemned the Israelis who ascended to the Temple Mount in Jerusalem on the Tisha B’Av (the ninth day of the Hebrew month of Av) on Tuesday fast. They were led by Israeli politicians, such as Minister of National Security Itamar Ben-Gvir, who pledged that the policy prohibiting Jews from praying on the Temple Mount would be changed. The comments made by… Read More Here
Israel on High Alert: Preparing for Iran’s Potential Aggression
During its impending war with Iran, Israel’s overriding objective should be to keep that jihadist enemy non-nuclear. The best way to meet this objective will be by systematically controlling conflict escalations (“escalation dominance”). In the final analysis, this task will require Israel to shift from “deliberate nuclear ambiguity” to “selective nuclear disclosure.”
If Iran were an already nuclear enemy state, Israel’s demonstrated capacity for effective self-defense would be severely limited. However…. Read More Here
Israeli AG Ends Daycare Subsidies for Ultra-Orthodox Families Who Dodge Military Service
Israel’s Attorney General Gali Baharav Miara ordered an immediate end to government subsidies for daycare provided to the children of ultra-orthodox (Haredim) Israelis who do not serve in the military. The decision came months after Israel’s Supreme Court not only ordered an end to the “custom” of providing people who study in Yeshivas (Tora academies) a deferment from military service but also an end to all government social welfare payments to people who refuse to serve in the Israel Defense Forces (IDF)…. Read More Here
Science/Culture
Breakthrough Aquaponics System: Ben-Gurion University Researchers Surpass Traditional Models
As climate change jeopardizes food production, sustainable alternatives are crucial. Aquaponics, a symbiotic cultivation method, has gained traction. Researchers from Ben-Gurion University have made a breakthrough by creating a closed-loop aquaponics system that outperforms traditional models in terms of yield and energy efficiency.
Leave it to Israelis to make the big advances in anything related to… Read More Here
Second Temple Jerusalem: Artifacts in Ancient Drain Reveal City’s Rise and Fall
A remarkable trove of ancient artifacts from the late Second Temple period, including an intact glass vial, grape seeds, 2,000-year-old eggshells, and complete ceramic lamps still bearing soot, has been unearthed in a new excavation of the drainage channel beneath Jerusalem’s main street during the Second Temple period. The news comes as Jews around the world observe Tisha B’Av (the ninth day of the Hebrew month of Av), a 24-hour fast and day of mourning commemorating the destruction of Jerusalem and… Read More Here
New Israeli Biofuel Breakthrough: Wet Organic Waste Converted to Liquid and Solid Fuels
Tel Aviv University researchers have developed a groundbreaking method to transform wet organic waste directly into liquid and solid biofuels, bypassing the energy-intensive drying process. This innovative technology has the potential to significantly reduce Israel’s reliance on fossil fuels, with estimates suggesting that biofuels produced from organic waste could meet up to one-third of the country’s… Read More Here
Other Business Stories
Fitch Downgrades Israel’s Credit Rating: A+ to A | Not Only War Impact
On Tuesday, the Fitch credit ratings agency downgraded Israel’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to “A” from “A+.” The agency also said that “The Outlook is Negative” for Israel.
In explaining the decision, Fitch said it downgraded Israel to an “A” rating because of the “impact of the continuation of the war in Gaza, heightened geopolitical risks and military operations on… Read More Here
