Medtronic to open two Israeli R&D centers

US medical device giant Medtronic is to open new Research & Development centers in Jerusalem and Yokneam. Medtronic already has a major presence in Israel with 750 employees following acquisitions Given Imaging, superDimension, Oridion Systems and PolyTouch.

Cheaper coffee for polite customers

Customers of Israeli coffee chain Café Café who say "please" and "thank you" when they order an ordinary sized cup of coffee will pay NIS 6, instead of NIS 8. Cafe Cafe owner Ronen Nimni says he wants "to encourage more respectful conversation in Israel society.”

Water companies merge

Israeli wastewater treatment company Emefcy is to merge with RWL Water, which is controlled by World Jewish Congress President Ron Lauder.  The new company, renamed Fluency, will accelerate Emefcy's operations in China and other key markets.

Yokee Music goes for a song

Israel’s Yokee Music has been bought by Canada’s Stingray Digital for an estimated $30 - $40 million.  Yokee’s social music apps Yokee, Yokee Guitar and Yokee Piano are ranked in the music category's top ten in 100 countries, with over 80 million downloads and 4 million monthly users.

More multi-million exits

April takeover news includes Dutch game developer GamePoint buying Israel’s Luck Genome for £12.5 million; Israel’s WalkMe acquiring Israeli analytics startup Jaco; US-based Magento buying Israel’s Shopial and U.S. ticket marketer SeatGeek taking over Israel’s TopTix for $56 million.

Israeli gas flows to Jordan

I reported previously about Israel selling natural gas to Jordan. Natural gas from Israel's offshore Tamar reservoir began flowing to Jordan in early 2017 via a special pipeline built in 2016 from Israel’s Dead Sea Works plant.

A growing business goes through the roof

I reported previously about the “Green in the City” urban farm on the roof of Tel Aviv’s Dizengoff shopping mall. This latest article includes a new video of the farm, and features its unmanned fresh food stands where honest shoppers buy the vegetables with cash.

Israeli ride-sharers merge

Israeli ridesharing startups Gett and Juno are joining forces, in order to challenge larger rivals Uber and Lyft. Gett offers ride-hailing services in more than 80 cities around the world, including London, Moscow and New York. The taxi app Juno is only active in New York City.

Using AI to automate contract reviews

Israel’s LawGeex uses artificial intelligence (AI) to save businesses much of the time and expense required to review and approve everyday contracts. LawGeex has just raised $7 million of funds.  

Fleet management for Coca-Cola

I reported about the Fleet management and cargo tracking systems of Israel’s Pointer Telematics. Now Coca-Cola FEMSA, the largest public bottler by sales volume of Coca-Cola products in the world, has selected Pointer to provide fleet management services.