Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Israel Tech Startups and Innovations: Weekly Roundup September 14 – 20 2024

Tel Aviv at sunset, Israel

Israel Tech Startups and Innovations: Weekly Roundup September 14 – 20 2024

New Startups / VC Funding
REE Automotive Partners with Motherson Group: Global Manufacturing Deal and $45.35M Strategic Investment
REE Automotive is an Israeli company that develops new tech for electric vehicles. REE priced a $35 million registered direct offering, led by M&G Investment, REE’s largest shareholder, who invested $20 million; Motherson, who invested $15 million in the round; and Varana Capital, one of REE’s earliest investors; who invested $5.25 million.

Motherson will oversee supply chain management… Read More Here

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Israeli Startup BeWith.io Launches Innovative Community Engagement Platform
BeWith.io is an Israeli startup focused on community engagement platforms. The firm raised $10 million in Seed financing from Boaz Amiti, Tal Ventures, Iron Nation, Unicorn Technologies, Ariel Maislos, and Yuval Bar Gil, alongside leading gov-tech industry entrepreneurs Zac Bookman, co-founder and CEO at OpenGov and Eyal Feder, co-founder and CEO at Zencity. BeWith says the funding will be used to expand the company’s reach in North America and to… Read More Here

Israeli Startup Intezer Revolutionizes Autonomous Security Operations
Intezer is an Israeli cybersecurity startup specializing in autonomous security operations using AI-powered technology. Their platform uses AI-powered analysis to automate alert triage, incident investigation, and threat hunting. This helps security teams save time, reduce false positives, and respond more effectively to… Read More Here

Payouts.com Secures $8M for Payment Management Platform
Israeli Fintech startup Payouts.com offers a payments and vendor management platform. The firm secured an additional $8 million in funding, bringing its Seed round total to $12.1 million. This fresh capital injection will fuel their development of a cutting-edge platform for streamlined payout and vendor management.

The round was led by NFX, a prominent… Read More Here

Israeli Food-Tech Startup Beyond Oil Revolutionizes Healthy Frying, Cuts Costs and Waste
Beyond Oil Ltd. is an Israeli food-tech innovator focused on improving fried food health and reducing operational costs, waste, and environmental impact. The company closed its non-brokered private placement issuing 1,345,697 shares on the Canadian Securities Exchange at a price of… Read More Here

H2OLL Launches Groundbreaking Water-from-Air System in Israel’s Negev Desert
H2OLL is an Israeli water tech firm that is pioneering desert water extraction technologies. And the place in Israel best to develop such new tech is of course the Negev Desert in the south of the country. It has taken a significant step towards dealing with one of the pressing challenges in the world: access to… Read More Here

Israeli Startup Pickommerce Revolutionizes Warehouse Automation
Israeli startup Pickommerce plans to upgrade warehouses with a robotic piece-picking solution. The firm raised $3.4 million in funding to develop its technology.

The future of logistics is automated. While robots have already taken over tasks like crate collection and package unloading, the final piece of… Read More Here

Cybord’s Visual Solution Ensures Component Quality and Traceability
Cybord is an Israeli startup that develops a visual AI solution ensuring electronic component quality, authenticity, and traceability. The firm raised $8.7 million in Series A funding led by Capri Ventures.

Founded in 2018 by CTO Eyal Weiss. Cybord’s software solutions monitor placements on SMT lines in real time and eliminates use of… Read More Here

Cherre’s Platform Revolutionizes Property Management
Cherre is an Israeli startup that offers a real estate data management and intelligence platform. The company raised $30 million in a Series C round of investment led by HighSage Ventures, a permanent capital-backed investment firm.

This funding allows Cherre to invest in… Read More Here

Mergers and Acquisitions
Playtika Acquires SuperPlay: $700M Cash Deal Unites Israeli Mobile Gaming Leaders
Playtika, the Israeli mobile gaming giant, will acquire fellow Israeli firm SuperPlay for $700 million in upfront cash, subject to customary working capital adjustments. The deal is expected to be funded using Playtika’s existing balance sheet cash.

In addition to the upfront payment, Playtika has agreed to pay up to $1.25 billion in contingent consideration if SuperPlay meets certain financial targets for the years 2025, 2026, and 2027. The specific earnout payments will… Read More Here

Other Business Stories
Israel’s August 2024 Inflation Rate Jumps 0.9%
The CPI (Consumer Price Index) in Israel increased 0.9% in August 2024 compared to July 2024. This constitutes a rate of almost 11%. It was 108.8 points compared to 107.8 points in the previous month (base: average 2022 = 100.0 points), reported Israel’s Central Bureau of Statistics.

This may have influenced… Read More Here

Science
Israeli Scientists Develop Early Parkinson’s Detection Method
Tel Aviv University researchers, in partnership with leading Israeli medical centers, have pioneered a groundbreaking method for early detection of Parkinson’s disease. By utilizing super-resolution microscopy and advanced computational analysis, the team has developed a technology capable of identifying protein aggregates, a hallmark of the disease, up to two decades before the onset of motor symptoms. This early detection breakthrough holds immense potential for facilitating timely treatment or even preventative measures against… Read More Here

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.