Israeli video marketing platform Innovid today announced it has agreed to acquire Israeli real-time data intelligence company Taykey . Innovid will gain access to Taykey’s big data platform and 14 patents including natural language processing and AI-based machine learning.
The London Stock Exchange Group (LSEG) has partnered with Israel-based startup Zirra.com. Zirra will provide the LSEG’s fundraising program ELITE with company research tools powered by automated signals, artificial intelligence (AI), and big data.
London-based insurance market Lloyd’s has signed a deal with Israeli maritime data provider Windward. Windward will provide Lloyd’s member companies with software that forecasts accidents and dangerous conditions like hostilities breaking out in a specific area.
US cloud storage company Dropbox is expanding its activity in Israel and moving to new offices at Tel Aviv’s Azrieli Sarona tower. Dropbox aims “to attract the leading talent in Israel and allow our teams to work together seamlessly”. Amazon and Facebook have offices in the same building.
Amazon.com is in talks to set up its first shipping center in Israel. The world’s largest online retailer will hopefully soon begin operations in Israel, in a move that would lower shipping prices, waiting times, and import fees for Israeli consumers.
The Israeli Ministry of Economy is working with Chinese venture capital firms DayDayUp and ShengJing360 to launch two accelerators for Israeli startups in Beijing. The Ministry of Economy has already announced the ten startups selected to participate in the program.
3 Israeli universities have climbed up the London Times’ Higher Education ranking of graduate employability. The Technion came top for digital skills and third in corporate links. The Hebrew University of Jerusalem and Tel Aviv University both improved on their 2016 rankings.
Business contacts between the UK and Israel are soaring, stimulated by Brexit issues and the current relative low value of Sterling. Recent activity includes the Innovate Israel 2017 conference in London and the UK Israel Business chamber of commerce’s largest delegation to Israel.
Highlights of Ambassador Yoram Ettinger’s latest report include 3rd quarter GDP at 4.1% (Q2 was 2.5%). Record $1.7 billion worth of Israeli companies acquired by foreign investors. $1.4 billion raised by Israeli startups in Q3 (up 14% on Q2).
Incoming tourism broke records on 7th Nov, when Wizz Air Flight No. 3257 landed in Israel, carrying Romanian tourist Ioana Isac, the 3 millionth tourist to arrive in Israel this year. Ioana and her partner were treated to a dream vacation courtesy of the Israeli Tourism Ministry.