Israel’s tech sector continued to expand in 2023 with salaries increasing by around 3%. Although exports of services fell generally, in the tech sector they increased by 1.6%. Meanwhile Israel’s inflation rate fell to 3% – within the Bank of … Continue reading →

The P7-C Electric Commercial truck from Israel’s REE Automotive (see here previously) is now being delivered to customers. It is the first fully “by-wire” (i.e. electronic, not mechanical) vehicle certified by the US Federal Motor Vehicle Safety Standards and Environmental … Continue reading →

Oasis Security raised $35 million; Aim Security raised $10 million; Joyned raised $8 million;

Israel’s Minute Media has acquired North America’s STN Video for an estimated $150 million.

Israel’s StePac (see here previously) has customized its award-winning modified atmosphere packaging (MAP) films to preserve fresh whole exotic mushrooms, such as oyster, lion’s mane, shiitake, portabella and more. It slows deterioration and cuts waste of this highly perishable item. … Continue reading →

Israel’s Sealartec (see here previously) is now plain sailing since it rescued its first floundering boat in 2019. It secured its first UK investor, BAe, and now its ALR (Autonomous Launch and Recovery) system is used by several UK and … Continue reading →

El Al plans to add five weekly flights to Israel in the coming months. Two from Fort Lauderdale (pre-Passover); two to Los Angeles (to add to its current daily flights) and one more to Boston (to increase its schedule to … Continue reading →

The top 10 largest multinationals (MNCs) including Intel, Nvidia, Google, Microsoft, HP, Applied Materials, IBM, Philips, & Apple, employ 37% of Israel’s workers. 60% of all MNCs said the war had minimal impact on their Israeli business, with 30% reporting … Continue reading →

Google is launching a $4 million fund to provide a lifeline to around 20 cash-strapped Israeli startups developing artificial intelligence technologies. Google is also offering mentoring support to the selected startups to help with development, strategy, and marketing. https://www.timesofisrael.com/google-creates-4-million-fund-to-provide-lifeline-to-israeli-ai-startups-during-war/ https://www.calcalistech.com/ctechnews/article/sjsvn8cka