Texas loves Israelis

Israelis received a warm welcome at the annual SXSW (South by Southwest) festival in Austin Texas hosting a combination of movies, music, and business expo. Israeli startups included RetiSpec (see previously), and Yofi which distinguishes genuine customers from bots and malicious abusers.

A personal concierge service for new Olim

The startup Belong is a paid concierge service to help new Israeli immigrants assimilate. It acts as a private social service, supplementing the free services of the Jewish Agency and Nefesh b’Nefesh. Belong also plans to carry out an active campaign promoting Aliyah around the world.

Startup investment – to 14/4/24

raised (new Unicorn); raised ; raised ; raised ;

Exits, takeovers and mergers – to 14/4/24

Israel’s has Israel’s . Israel’s (global payments) has Israel’s (fuel station & EV management systems). Israel’s has Israel’s (IT solutions).

Cyber exits hits record $7 billion

The total value of the exits of only 24 Israeli cyber companies in 2023 reached $7.1 billion – compared to $2.45 billion from 35 companies in 2022. There are 522 active cyber companies in Israel.

Other Aliyah concierge services

These are just a few of several other free, “for profit", or sponsored services to help new Olim.  Check their fees with them and / or their commission arrangements. (UK – previously promoted )

8 multi-million-dollar orders

In the last two weeks, Israel’s Gilat Satellite Networks has won eight orders for its technology worth nearly $50 million.  They include from the US Department of Defense, the US Army, and an order for a public WiFi service that will give Internet access to thousands of people in rural Latin America.

Sun shines on solar energy acquisition

Israel’s SolarEdge has acquired Israel’s Wevo Energy. Wevo manages and optimizes EV charging sites with large quantities of EV chargers such as apartment buildings, workplace car parks and public charging locations across North America, Europe and the Middle East.

Airlines resume flights

Montreal-based Air Canada is restarting flights to Tel Aviv. It initially will have four nonstop return flights a week from Toronto, and then in May, replace one with a nonstop return flight from Montreal. Ryanair resumes flights to Israel on Jun 2, the day after Ben Gurion Airport Terminal 1 re-opens.

Azerbaijan promotes tourism to Israelis

Last year, Azerbaijan made history by becoming the first Shi’ite Muslim country to open an embassy in Israel. Azerbaijan Airlines operates 9 weekly direct flights from Baku to Tel Aviv. Azerbaijan was one of 12 countries represented at the Tel Aviv Tourism Exhibition (Apr 3-4).