Monthly Archives: February 2020

Huge demand for Israeli bonds

Israel has raised a record $3 billion in foreign debt at the lowest-ever rate for an Israeli offering. Demand reached an all-time high, from over 40 countries including the US, UK, Germany, Japan and Hong Kong. It reflected confidence among … Continue reading

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Tel Aviv – London innovation partnership

Tel Aviv-headquartered startup network SOSA has partnered with London innovation center Plexal. SOSA combines an investor network with a corporate innovation hub operating from centers in Tel Aviv and New York City.  It already has 250 partners in 10 countries. … Continue reading

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Intel Israel has a great year

Israel’s largest multinational, Intel, exported $6.6 billion of Israeli products in 2019 – a huge 70% increase on its $3.9 billion in 2018. Much was due to its new Kiryat Gat factory reaching full production. Intel now has some 13,700 … Continue reading

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Tnuva links up to IoT startup

Israeli-based Tnuva (owned by China’s Bright Foods) has partnered with Israel’s Seebo (see here) to help it adopt AI and IoT (Internet of Things) technology. Seebo turns existing machinery into smart, connected systems, which Tnuva believes can revolutionize the dairy … Continue reading

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Cisco backs Israeli testing startup

Computer giant Cisco has led an $8.6 million funding round in Israel’s SeaLights Technologies. SeaLights offers a cloud-based software testing automation service designed to identify and prevent untested code changes. The company lists Dell as one of its customers. https://www.calcalistech.com/ctech/articles/0,7340,L-3787091,00.html

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Hyundai backs Israeli speech-tech startup

The Hyundai Motor Company has led a seed-funding round into Israeli startup Kardome Technology. Kardome develops a multi-user speech to text algorithm that focuses in on a person’s individual voice, filtering out background noise in acoustically challenging environments. https://www.calcalistech.com/ctech/articles/0,7340,L-3787652,00.html https://www.kardome.com/ … Continue reading

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SAP identifies with Israeli startup

German multinational software firm SAP has invested in Israeli startup PlainID, a maker of software that enables single authorizations. PlainID’s products protect the digital assets of users of SAP’s Customer Data Cloud platform by securing cloud, mobile, and other applications. … Continue reading

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SodaStream targets China’s market

SodaStream’s new CEO, Eyal Shohat, is planning to launch in China in 2021. SodaStream is Israeli’s largest civil employer of Bedouin women, prisoners, Ethiopian-Israelis and Palestinian Arabs. It is currently preventing millions of bottles of plastic waste every year. https://www.calcalistech.com/ctech/articles/0,7340,L-3790090,00.html

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Building UAVs with India

Israel Aerospace Industries (IAI) is partnering with India’s Hindustan Aeronautics (HAL) and Dynamatic Technologies (DTL). IAI will share drone technologies and promote the production of Indian unmanned aerial vehicles (UAVs). https://www.timesofisrael.com/iai-signs-accord-to-share-drone-tech-and-produce-uavs-with-indian-firms/

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New Sun d’Or summer destinations

El Al subsidiary Sun d’Or is launching three new seasonal routes from Tel Aviv’s Ben Gurion Airport. The new routes are to Romanian city of Cluj, starting May 2020; to Paphos, Cyprus, starting in June; and to Verona, Italy from … Continue reading

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