Israel’s underlying unemployment rate dropped to 2.9% in April from 3.7% in March, the lowest in 50 years. There were 120,000 job seekers and 150,000 vacancies. The overall rate, including those affected by the pandemic, dropped to 4.4% in April … Continue reading →

Israel’s Remilk (see here previously) is to open a 750,000 square feet cow-free milk production facility in an eco-park in Kalundborg Denmark. Its proteins will make cheese, yogurt, ice cream etc., in volumes equivalent to that produced by 50,000 cows … Continue reading →

Hello Heart raised $70 million; LinearB raised $50 million; Imagene raised $21.5 million; Salignostics raised $8 million; Kahoona raised $4.5 million; Enervibe raised $3.4 million; ART AI raised $1.8 million

California now hosts the global or U.S. headquarters for 32 Israeli-founded Unicorns – privately held companies valued at $1 billion or more. 17 of those companies became Unicorns in the last 12 months.  Most are in Silicon Valley.  Meanwhile, New … Continue reading →

Israel’s Omri Casspi has transitioned from retired NBA basketball star to Venture Capital Fund manager. He has just launched “Sheva”, a new VC fund, raising $30 million of its $50 million target, for investing $1 – $2 million in each … Continue reading →

Israel’s Innoviz Technologies (see here previously) has won a $4 billion deal by one of the largest vehicle manufacturers in the world to become its direct LiDAR sensors supplier across multiple brands. The new Innoviz 360 sensors have improved resolution … Continue reading →

BBC Radio 4’s Sangita Myska featured Israel’s Via Transportation ride-sharing taxis on her “Positive Thinking” program about key innovators on a mission to change our world for the better. Via redefines urban transportation by matching multiple passengers travelling in the … Continue reading →

Israel’s SolCold (see here previously) is partnering Volkswagen to test its eco-friendly cooling technology and jointly develop a concept vehicle. At its demo site,  SoCold’s product reduced the temperature of a Volkswagen Polo by 12-14 °C (53.6-57.2 °F). https://www.timesofisrael.com/israeli-startup-harnessing-suns-rays-for-cooling-tech-touts-new-volkswagen-deal/

With the end of the fifth morbidity wave (the Omicron wave) Israeli economic activity has returned to the strong level before the COVID-19 crisis. Industrial production, Imports of production inputs and Services revenues all increased and job vacancies remain at … Continue reading →