The UK subsidiary of Israel’s Elbit Systems has won a contract worth some $166 million from the UK Ministry of Defence, for the Royal Navy Future Naval Training Program. The 12-year program will modernize the Navy’s shore-based training, plus establish … Continue reading →

Israel’s Rapyd (reported here previous) has just raised a huge $400 million to give it a market valuation of $2.5 million.  Rapyd’s real-time funds transfer platform is now used in more than 170 countries. Rapyd will use the funds to … Continue reading →

Rapyd raised $400 million; Vdoo raised $25 million; Gett raised $15 million; Shareitt raised $2 million; Telicomm raised $1.3 million;

When the Anytime Fitness gyms reopen in the UK, its 170,000 members will be able to enhance their fat burning program using Israel’s Lumen device (reported here previously). https://jewishbusinessnews.com/2021/01/06/israels-lumen-offers-a-hand-held-device-to-measure-your-metabolism/ https://www.lumen.me/ https://www.youtube.com/watch?v=UMeEWWLrC5Y https://www.youtube.com/watch?v=X8IBgyAMgn4

Israeli-founded, New York-based Talkspace (reported here previously) has attracted huge numbers of customers during the pandemic. It is growing so fast that it could soon go public. https://www.calcalistech.com/ctech/articles/0,7340,L-3887330,00.html https://www.talkspace.com/ https://www.youtube.com/watch?v=Jk5A-znFWkY

Israel’s Amnon Shashua, Mobileye President and CEO, announced at the virtual CES 2021 event that its technology would make fully Autonomous Vehicles a reality in 2022 and widely available by 2025. Its Radar / LIDAR and camera-based AVs would be … Continue reading →

Israeli startup As You Stay lets travelers save money at 400,000+ hotels and properties by eliminating fixed check-in and check-out times. It also states that the current cost of this flexibility is far lower than pre-pandemic. And, unlike the song … Continue reading →

Israel’s Glilot Capital, which until now specialized in early-stage tech ventures, is launching a new $170 million VC fund focusing on investments in more mature companies. Glilot+ (Glilot Plus), will seek to place $5 – 20 million in each of … Continue reading →

Despite the global economic crisis, Israel Bonds sold an unprecedented $1.8 billion in investments during 2020, mainly in the US. Proceeds of the sale of bonds are used to promote Israel’s technological growth.  The funds will help Israel offset the … Continue reading →