Monthly Archives: August 2021

New funds for medical incubator

Posted on August 8, 2021

British investment firm Consensus Business Group (CBG) is investing $20 million in Israeli-based medical device incubator MEDX Xelerator (see here previously). CBG said the global epidemic requires development of advanced medical technologies. CBG has $500+ million invested in Israel. https://www.calcalistech.com/ctech/articles/0,7340,L-3913689,00.html

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Another record for currency reserves

Posted on August 8, 2021

Israel’s reserves of foreign currency reached a new record of over $201 billion at the end of July – an increase of over $1.5 billion on its end of June level. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/5-08-21.aspx

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Fitch A+ rating

Posted on August 8, 2021

Fitch Ratings has reaffirmed Israel’s A+ rating with a stable outlook, citing its “strong external finances and solid institutional strength.” Its report said Israel’s economy stood up to pandemic shock relatively well, due to Israel’s high-tech industries and successful vaccination … Continue reading →

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Mapping Australia

Posted on August 8, 2021

Israel’s GeoX has won a contract to map 18 million buildings throughout Australia using satellite imagery, AI and other patented technologies. It is one of the world’s largest and most advanced geo-mapping projects and will save government surveyors from having … Continue reading →

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Revolutionizing reading for children

Posted on August 8, 2021

Israel’s Inception XR (see here previously) is bringing popular reading book characters to life with Augmented Reality (AR). Inception XR founder Dana Porter spoke at Gaming 2021 about how its product Bookful is helping children to read more and reduce … Continue reading →

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The secret’s out

Posted on August 8, 2021

Former Head of Israel’s Mossad, Yossi Cohen, gave his first public speech since becoming head of SoftBank’s investment operations in Israel.  He spoke candidly about Israel’s advanced intelligence technology and how the strength of Israeli high-tech was “21st-century Zionism at … Continue reading →

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AI design for on-line shopping

Posted on August 8, 2021

Israel’s Renovai provides real-time visual AI solutions that help on-line retailers to create inspiring and personal interactions with shoppers. It is marketed as the first-ever virtual interior designer that provides visual artificial intelligence shopping assistance for lifestyle brands. https://www.calcalistech.com/ctech/articles/0,7340,L-3914156,00.html https://www.renovai.com/ … Continue reading →

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Safer self-driving European shuttles

Posted on August 8, 2021

Israel’s Autotalks (see here previously) has been selected to provide its V2X (Vehicle to Everything) communications for ZF, one of the world’s largest automotive suppliers. ZF will integrate the solution in its 2getthere autonomous shuttles, starting with a major European … Continue reading →

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Bridging the email generation gap

Posted on August 8, 2021

Nearly 200 million emails are sent globally every minute. But most young people prefer instant messaging. Israel’s Spike bridges the gap by converting an instant message into email format. Spike’s founders plan to transform the world of email and collaboration. … Continue reading →

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Enabling the world to communicate

Posted on August 8, 2021

Israel’s Gilat Satellite Networks (see here previously) is to supply advanced tactical communications equipment to the U.S. military. Gilat said it would be the largest deployment of frequency converters in the world. Gilat has also just won a major order … Continue reading →

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