Monthly Archives: May 2024

Israeli Druze wins kickboxing gold

(From Feb 2024) Israeli Druze Yosef Takatuk (a.k.a Tktok) from Kfar Yarka won first place at the European Cup kickboxing competition (over 91kg) in Zagreb. https://www.facebook.com/FollowTeamIsrael/posts/pfbid0RGr7tLfH1R2CpismTftakhgjXr29oYbZCPHbeLtbXwnjNyon7FSMZL54tvpRrSmRl https://twitter.com/nachal_giyus86/status/1760727200607949025 https://www.instagram.com/reel/C4XBtbFtkZS/  http s://twitter.com/nachal_giyus86/status/1760727200607949025

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Lee Kern to make Aliyah

Oscar-nominated writer and comedian Lee Kern announced he will be moving to the Jewish State. He said, “Rationally she doesn’t stand a chance. But she’s also the world’s only Jewish country. And I’m a Jew.” Kern added that he was … Continue reading

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Superfast investment

NFX is one of the world’s largest Venture Capital seed funds. It is to invest some of its $20 million emergency fund in cash-strapped Israeli startups. To avoid a long, drawn-out decision-making process, NFX promises to respond to requests within … Continue reading

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EU grant for cultivated meat startup

Israel’s Profuse Technology (see here previously) was awarded a 2.4 million euro grant from the EU’s competitive Horizon EIC Transition program. Profuse will use the funds to refine its technology that speeds up the cultivation of non-animal meat. https://www.timesofisrael.com/israel-startup-gets-eu-backing-to-help-bring-lab-grown-meat-cuts-to-table/

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Startup investment – to 12/5/24

Wiz raised $1 billion; Xtend raised $40 million Honeycomb Insurance raised $36 million; LayerX raised $26 million; Cynomi raised $20 million; Opmed.ai raised $15 million; AISAP raised $13 million; Panax raised $10 million; Fairgen raised $8 million; Apex AI Security … Continue reading

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Exits, takeovers and mergers – to 12/5/24

Nvidia is to acquire Israel’s Deci for an estimated $300 million. Global private equity firm Permira is acquiring 60% of Israel’s BioCatch for around $750 million. Swiss-US Alcon is acquiring Israel’s Belkin Vision for up to $330 million; US-headquartered Akamai … Continue reading

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Better management of cash operations

Israel’s Panax develops an AI-driven cash flow management platform to help mid-market and large companies gain full visibility and control over their cash operations. AI-driven automation streamlines all treasury processes, consolidating data directly from banks and ERP systems. https://www.calcalistech.com/ctechnews/article/bksi8ykma https://www.thepanax.com/

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Deloitte launches 10 more startups.

Ten Israeli startups have been selected for the 7th cohort of Deloitte’s LaunchPad mentoring program. They are Cyabra, Clarity-Sec, Juno Journey, LayerX, Ludeo, Opmed, Prompt Security, Trustmi, Winn.ai, and Zoog. The 43 previous startups have raised over $1 billion in … Continue reading

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Turning jellyfish into food protein

Gal Admati (see here previously) founded Qortein during his time as an evacuee in a Jerusalem hotel. This article describes how Qortein uses Tel Aviv University technology to turn jellyfish (a dangerous invasive species) into a protein source to help … Continue reading

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Digital metal casting

Israel’s Magnus Metals has reinvented the 6,000-year-old metal casting processed. Its volume alloy Digital Casting System and process saves months of time, 50% of costs, 70% of raw materials, and 50% of energy. It increases safety, simplicity, accuracy, and flexibility … Continue reading

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