Innoviz goes global

I reported previously on Israel’s Innoviz and its all-seeing LiDAR sensors. Innoviz has just launched new offices in the US, China, Japan, and Germany plus a new Israeli HQ. In June, Innoviz partnered with China’s HiRain Technologies to sell to Chinese automakers.

SolarEdge buys Italian EV tech firm

Israeli solar systems company SolarEdge Technologies is buying Italian industrial machinery company SMRE.  SMRE manufactures integrated powertrain technology and electronics for electric vehicles. It is part of SolarEdge’s plans to expand into electric vehicles.

Israeli at a stretch

Two of the four founders of multi-billion-dollar Elastic are Israel’s Shay Banon and Uri Boness. They founded their Elasticsearch open source search and analytics engine in the Netherlands and then moved its HQ to the USA.  It now operates in 35 countries and is opening an Israeli subsidiary.

Funds for 15 joint US-Israel projects

The Binational Industrial Research and Development (BIRD) foundation announced it is investing $6 million into seven joint clean-energy projects between Israeli and American companies and another $7.3 million into eight joint innovation projects.

EU grant for Israeli cloud security

The European Commission has awarded a 2.2 million Euro grant to Israel’s Minereye “to provide EU companies with innovative and effective solutions to ensure secure and compliant cloud adoption which is currently lacking in the market today”.

Verint buys Israeli emergency response start-up

I reported previously on Israel’s NowForce and its life-saving mobile apps for emergency response. NowForce has just been acquired by US business intelligence and cybersecurity company Verint Systems.

Amazon buys Israeli disaster recovery start-up

Amazon Web Services (AWS) has acquired Israeli cloud computing start-up CloudEndure for around $200-$250 million. Amazon stated, “this acquisition expands our ability to deliver innovative and flexible migration, backup, and disaster recovery solutions."

Israeli-inspired Via returns to its roots

Via’s Israeli founders came up with their start-up idea in an Israeli mini bus taxi van. They now operate their carpooling service in 11 countries and are confident they can succeed on Israel’s roads. Passengers request a ride and Via’s algorithms calculate the best route for each van.

Smart transportation for Michigan

Israel’s Innovation Authority and Michigan’s PlanetM are to co-finance testing future autonomous technologies in Michigan. Israeli companies will receive support for conducting field tests and piloting of the technologies developed by pilot sites in Michigan.

Uni launches student-run VC fund

Ben-Gurion University has launched Cactus Capital, a student-run VC (venture capital) fund. It will serve as an academic-educational tool to encourage innovative ideas in the high-tech, biotech and social fields. The $1 million fund will invest in dozens of groups of students each year.