Monthly Archives: March 2024

Facts about Canadian trade.

In his announcement of an arms embargo on sales to Israel, Canada’s Foreign Minister forgot to mention that in the last decade, the Canadian Defense Ministry purchased Israeli weapon systems worth more than a billion dollars. (see also here previously) … Continue reading

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Israel Resilience Fund invests in 34 companies

Israel’s OurCrowd has announced that commitment by investors to its Israel Resilience Fund had increased to $17 million, enabling it to increase funding to a current total of 34 startups. In addition, PwC Israel will provide business support to portfolio … Continue reading

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Europe continues to invest

The tenth Europe Days conference in Tel Aviv (see here previously) featured some 200 Israeli startups and entrepreneurs. All were hoping for investment from the 14 venture capital funds and 18 representatives of companies, authorities, and municipal bodies from Europe. … Continue reading

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Europe invests in Israeli AI startup

Israel’s NeuReality (see here previously) has raised $20 million including from The European Innovation Council and Israel’s OurCrowd. https://en.globes.co.il/en/article-israeli-chip-co-neureality-raises-20m-lincluding-eus-eic-1001474101

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Securing payments in Africa

Egyptian-based PAPSS (the Pan-African Payment and Settlement System) has selected Israel’s Thetaray (see here previously) as its anti-money laundering (AML) and screening partner. https://nocamels.com/2024/03/egypt-based-pay-platform-taps-israeli-anti-money-laundering-startup/

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Sports Illustrated is (for 10 years) Israeli

Israel’s Minute Media has reached a 10-year licensing deal for digital and print rights to publish Sports Illustrated. The Israeli company will oversee all digital and print editorial operations across the SI portfolio. https://www.calcalistech.com/ctechnews/article/s1tq0kuap

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Exits, takeovers and mergers – to 24/3/24:

US-based Gitlab is acquiring Israel’s cloud security startup Oxeye for $30-40 million. Israeli-founded Redis has acquired Israel’s Speedb.

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Startup investment – to 24/3/24

BigID raised $60 million and achieved Unicorn status; NeuReality raised $20 million; Euno raised $6.25 million; IO River raised $5.4 million,

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Sensing food that has gone bad

Israel’s Sensifi promises to revolutionize pathogen detection. Using an ‘artificial nose’, Sensifi’s tiny sensors – electrodes covered with carbon nanoparticles – enable rapid detection of harmful pathogens like E. Coli and Salmonella in under an hour, far less than current … Continue reading

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Innovative cooling technology

Israel’s Storage Drop (see here previously) has won a 1 million Euros grant in the EU funding program – HORIZON in the Clean and Efficient Cooling 2023 Track. The system, receiving energy from solar panels, aims to supply electricity to … Continue reading

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