Unemployment in Israel fell in July to 3.4%, the same as it was in Feb 2020 before the Covid crisis. The employment rate for Haredi men in Israel is at an all-time high of 55.8% https://en.globes.co.il/en/article-unemployment-in-israel-falls-to-precovid-low-1001454980 https://www.jns.org/jns/topic/23/8/7/308477/

Amazon.com has announced plans to invest 26 billion shekels (about $7.2 billion) in Israel through 2037. It also heralded the launch of its Amazon Web Services (AWS) data centers in Tel Aviv, which gives customers the option of running their … Continue reading →

Innoviz raised $65 million; Grip Security raised $41 million; Cypago raised $13 million; Althea Medical raised $1.5 million;

Israel’s Laminar has been acquired by U.S. company Rubrik for an estimated $200-250 million. UK’s Wireless Logic is acquiring Israel’s Webbing for at least $200 million. Israel’s Check Point has acquired Israel’s Perimeter 81 for around $490 million.

European smart T-shirt developer AccYouRate is to establish a data analysis center in Tel Aviv to analyze the extensive big data collected by AccYouRate’s wearable devices. The move further solidifies Israel’s reputation as a destination for data analysis and management … Continue reading →

Leading electronics firm LG has selected the chipset from Israel’s Valens (see here previously) to be used in its next generation of cameras for self-driving vehicles. The chipset will be used to connect multiple camera sensors with LG’s camera system … Continue reading →

Around 100 000 people took advantage of a day of free travel on the first day of Tel Aviv’s light rail Red Line on August 18. This followed an official inauguration by the Prime Minister the previous day. The 24km … Continue reading →