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Monthly Archives: March 2024
Startup investment – to 3/3/24
Exodigo raised $75 million; WeedOut raised $8.1 million
Posted in Economy & Business
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Exits, takeovers and mergers – to 3/3/24
Israel’s Deel has taken over Germany’s Zavvy for $20 million. US IT giant Workday has acquired Israel’s HiredScore for “hundreds of millions of dollars”. Ausralia’s Octopus Deploy has acquired Israel’s Codefresh for $40-50 million.
Posted in Economy & Business
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Increasing corn yields in the Mid-West
Agriculture giant Syngenta has an Israeli seeds R&D center (see here). Syngenta is deploying sensors from Israel’s CropX (see here previously) to improve its irrigated corn fields across Mid-West USA. In multi-vendor trials last season, Syngenta ranked CropX as the … Continue reading
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Safeguarding the Australian army
Despite waning support from the Australian government, it is still happy to purchase military protection systems from Israel. Elbit has announced it was awarded a 5-year, $600 million contract, to supply mission-critical systems to Hanwha Defense Australia for use by … Continue reading
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Saving billions in FX
Swiss-Israeli okoora (see here previously) says it has achieved cumulative savings of more than $3 billion for its customers through international foreign exchange transactions to date. Okoora’s Automated Business Currency Management (ABCM™) manages global payments, banking, and risk. https://blog.okoora.com/airbnb-foreign-exchange-fee-a-missed-opportunity/ https://blog.okoora.com/3-new-features-to-make-opening-bank-accounts-and-issuing-payments-much-smoother/ … Continue reading
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Assess the damage
OPENLANE, a US-based international digital marketplace for wholesale used vehicles, is now using Israel’s Click-Ins to detect and assess vehicle damage. OPENLANE’s Visual Boost AI creates visual overlays of detected exterior damage directly within the vehicle condition report. https://www.israel21c.org/car-inspection-tech-adopted-by-major-us-vehicle-marketplace/
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Pitching up in Florida
The State of Florida recently hosted 30 Israeli tech companies for a “pitch day” in the state’s capital Tallahassee. The Israeli companies represented areas such as healthcare, water treatment, energy, and cybersecurity. Each presented ideas to help strengthen Florida’s resources … Continue reading
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Destroying weeds with kindness
Israel’s WeedOut (see here previously) is eliminating the Palmer amaranth weed, which poses a serious threat to crops in the United States, Brazil, (yes!) and Argentina, including corn, cotton, soybean, and sugar beet. WeedOut’s innovative pollen makes the weed infertile. … Continue reading
Posted in Science & Technology
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More patents than Europe
Israel’s Technion Institute of Technology registered 48 patents in the US last year – more than any European university. The Technion was ranked 66th on the National Academy of Inventors list of Worldwide universities. It highlights the important role that … Continue reading
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Israeli startups launch more AI products
Israeli AI products launched recently include Lightricks’ LTX Studio; AI21 Labs’ Summarize Conversation solution; and D-ID’s Agents AI avatars (see here previously). https://www.calcalistech.com/ctechnews/article/hjltksh2a https://website.ltx.studio/ https://docs.ai21.com/docs/summarize-conversation-api
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