Classiq Founders L-R Dr. Yehuda Naveh, Amir Naveh, Nir Minerbi. Photo – Eyal Toueg PR
The world knows that Israel is the place to go for new investments and business deals. This is why the country has been dubbed Startup Nation. And in May some of the world’s biggest firms, from NVIDIA to Jaguar, made deals with Israeli companies.
Classiq, an Israeli startup that aims to make it easier for developers to create quantum algorithms and applications, joined major worldwide companies NVIDIA and Rolls-Royce in making what the firms described as a quantum computing breakthrough aimed at bringing ever-increasing efficiency to jet engines. Using NVIDIA’s quantum computing platform, the companies have designed and simulated the world’s largest quantum computing circuit for computational fluid dynamics (CFD) — a circuit that measures 10 million layers deep with 39 qubits.
By using GPUs, Rolls-Royce said it is preparing for a quantum future despite the limitations of today’s quantum computers, which only support circuits a few layers deep.
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Also in May, in the first deal of its kind between the two nations, Israel signed a $305 million agreement with the government of Holland to sell the country PULS Rocket Artillery rocket systems from Israel’s defense contractor Elibit Systems for use by the Royal Netherlands Army. Israel’s Minister of Defense Yoav Gallant approved the agreement led by Director General of the Israel Ministry of Defense, Maj. Gen. (res.) Eyal Zamir that was signed Wednesday in the Netherlands.
The new contract will be carried out over a five year period.
As the month ended, Jaguar Land Rover’s Open Innovation program expanded into Israel. The firm is partnering with Tata Consultancy Services (TCS) in Tel Aviv to expand its access to the “powerful Israeli start-up scene.” This new partnership, said the company, will leverage TCS’ Co-Innovation Network (COIN), to identify local technology offerings and scale them to global mobility solutions and services and generate further shared value and synergies within the Tata Ecosystem.
Jerusalem-based Joyned, an Israeli startup that offers software as a service SaaS platform that helps retailers to provide social shopping experiences directly to their consumers, made two international deals in May. The firm entered into a new partnership with RIU Hotels, a Spanish hotel chain. RIU Hotels said that it deploy Joyned’s social booking software as a tool for customers on its US online booking sites. Earlier in May the company teamed up with travel firm Amadeus which is also using its platform.
