Monthly Archives: July 2021

Pollinating Australian tomatoes

The Costa Group, Australia’s leading grower of hydroponic glasshouse tomatoes, is to deploy the pollination robots of Israel’s Arugga (see here previously). At peak production, Costa’s 300,000+ square meters of glasshouses in Guyra, New South Wales, contain over one million … Continue reading

Posted in Economy & Business | Leave a comment

Land of the Unicorns

Israel has more billion-dollar private companies per capita than any other country.  Great video https://www.youtube.com/watch?v=kz_M201g3yg

Posted in Economy & Business | Leave a comment

Expo 2020

Due to Covid, Expo 2020 in Dubai is now to take place from Oct 2021 to Mar 2022 and Israel will be a key exhibitor. Ohad Cohen, head of Israel’s Foreign Trade Administration, discusses Israel’s Expo plans and exports success. … Continue reading

Posted in Economy & Business | Leave a comment

Birds of a feather

Israeli startup Aerodrome, which develops unmanned aerial systems for the defense sector, is paying some NIS 15 million for Israel’s FlyTech, which develops drone solutions for the civilian market. The acquisition will help Aerodrome’s plans to expand into the US … Continue reading

Posted in Economy & Business | Leave a comment

No address, no credit card, no problem

Israeli-Arab startup Haat Delivery in Um Al Fahim delivers food to areas with infrastructure issues, like cities with no addresses, or people with no credit cards and who only pay cash. It delivers 70,000 orders a month to 30 Israeli … Continue reading

Posted in Economy & Business | Leave a comment

GoTo goes to Madrid

Israel’s GoTo Global (formerly Car2Go) has now deployed its shared cars, motorbikes, bicycles, e-bikes, and electric scooters to the Spanish city of Madrid. GoTo has the largest shared multimodal fleet in Madrid, with over 1,300 vehicles which can be rented … Continue reading

Posted in Economy & Business | Leave a comment

Coca-Cola and no-cow milk

The Central Bottling Company, also known as Coca-Cola Israel, has signed a strategic agreement with Israeli startup Wilk (Biomilk – see here previously) to invest and collaborate with the firm to develop products based on its cultured milk technology. https://www.timesofisrael.com/coca-cola-israel-invests-in-biomilk-to-develop-cultivated-milk-products/

Posted in Economy & Business | Leave a comment

Chorus.ai exits for $575 million

Business intelligence company ZoomInfo is acquiring Israel’s Chorus.ai (see here previously) for $575 million. Chorus.ai has developed an AI-based system to analyze sales calls. ZoomInfo has about 1,800 employees in the U.S., while its R&D center with 300 employees is … Continue reading

Posted in Economy & Business | Leave a comment

Israeli investment for Mnuchin

Liberty Strategic Capital, headed by former US Secretary of the Treasury Steven Mnuchin (see here previously) has made its first investment. Its funding of Israel’s Cybereason (see here previously), plus funds from elsewhere, triples the value of Cybereason to $3 … Continue reading

Posted in Economy & Business | Leave a comment

Investment in Israeli startups (18/7/21)

Cybereason raised $275 million; Aidoc raised $66 million; NoTraffic raised $17.5 million; IVIX raised $13 million; Shopic raised $10 million; Venn raised $10 million; FeelIt raised $7 million; BioMilk (renamed Wilk) raised $2 million;

Posted in Economy & Business | Leave a comment