Monthly Archives: May 2024

Formula 4 winner

Israel’s Ariel Elkin (17 – see here previously) won first place in the second round of the Formula 4 USF Juniors Championship held in Alabama. Ariel studies at the Reali School in Haifa. He has been competing in karting since … Continue reading

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Yom Hazikaron & Hatzmaut ceremonies

On May 12 and 13 the annual IDF Memorial Day (Yom Ha’Zikaron) and Independence Day (Yom Ha’Atzmaut events will take place all over Israel.  Here are two examples. https://www.nbn.org.il/events/yom-hazikaron-memorial-ceremony/ https://www.masaisrael.org/yom-hazikaron-2024/ https://www.nbn.org.il/events/independence-day-concert/

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Funds flow in for startups

Startup investment for April 2024 was over $1 billion – the highest since Aug 2022. It follows March investment total of some $800 million. https://www.calcalistech.com/ctechnews/article/syvacqkzc

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Pollinating pistachios in California

If you buy Californian pistachios, there is a good chance that they were produced thanks to Israel’s Edete Precision Technologies for Agriculture (see here previously). The agri-tech startup now helps Californian farmers pollinate 3,000 acres of almond trees. https://farming.co.uk/news/edete-expands-precision-pollination-services-in-california

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Startup investment – to 5/5/24

Island.io raised $175 million; Magnus Metal raised $74 million; Oasis Security raised another $35 million; Snappy raised $25 million; Nagomi Security raised $23 million; Bridgewise raised $21 million; Greeneye Technology raised $20 million; Dot Compliance raised $17.5 million; Vorlon Security … Continue reading

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

Nvidia acquired Israel’s Run.ai for $700 million. US Armis has acquired Israel’s Silk Security for $150 million; US BeyondTrust has acquired Israel’s Entitle.io for $100-150 million.

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Security screening Cypriot airports

Israel’s SeeTrue (see here previously) has improved passenger throughput and streamlined the screening process at Cyprus’s Larnaca airport. SeeTrue’s AI security screening platform will now be introduced in Pafos – both airports managed by Hermes Airports. https://nocamels.com/2024/04/israeli-ai-security-platform-expands-to-second-cyprus-airport/

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Low-sugar juice is safe

Israel’s BlueTree Technologies (see here previously) has secured self-GRAS (Generally Regarded As Safe) status for its patented process to selectively remove sugars from juice. It is now seeking approval to begin marketing, with Israeli manufacturer Priniv, 33% less sugar juice. … Continue reading

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A new milestone in Israel-India relations

Israel Aerospace Industries (IAI) is establishing a new aerospace defense company in India, named the Aerospace Service India (ASI). It marks a new level of collaboration between the two countries as the Indian government promotes its vision of self-reliance. https://www.jpost.com/business-and-innovation/article-794351

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$3 billion of Israel Bonds

Since Oct 7, Israel Bonds has sold a record $3 billion. It includes a significant increase in the investments by financial institutions mainly from US states and municipal governments. It highlights massive direct support during the war for Israel from … Continue reading

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