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Monthly Archives: May 2024
Startup investment – to 26/5/24
Finout raised $26 million; Nectin Therapeutics received $10 million from the Guangzhou-Israel Biotechnology Fund; Superlegal raised $5 million; RAAAM Memory Technologies raised $4 million.
Posted in Economy & Business
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Exits, takeovers and mergers – to 26/5/24
Alicorn Galaxy is acquiring Israel’s Glassbox (to de-list from TASE) for $150 million. Israel’s Argmax acquired Israel’s Ginzi to bolster its AI-powered customer support solution. Israel’s TIGI Solar acquired Austria’s SOLID. Israeli-controlled Delek Group (Ithaca) has bought the UK North … Continue reading
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10 more startups to be ignited
The startups joining Intel’s 9th accelerator group are Clarity-Sec, Converge Bio, FalkorDB, Filo Systems, Hiveware, Kai.ai, Noma, Onfire, RAAAM Memory, and Tonic Security. https://www.calcalistech.com/ctechnews/article/h1i00n2efr https://www.converge-bio.com/ https://hiveware.io/ https://www.falkordb.com/ https://www.startuphub.ai/startups/noma-security/ https://www.onfire.ai/ https://raaam-tech.com/ https://www.tonicsecurity.com/
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Average salaries vs hi-tech salaries
Average Israeli wages in Mar 24 have risen 3.5% to over NIS 14,000 per month compared to Mar 23. Hi-tech salaries over the same period rose 13.2% to almost NIS 34,000. https://www.calcalistech.com/ctechnews/article/a12zken3k
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Reducing greenhouse gas in greenhouses
Israel’s N2OFF (formerly Nitrousink – see here) has developed bacteria to reduce Nitrous Oxide emissions in agriculture. Its recent study inside greenhouses shows N2O levels reduced by up to 54%. N2O is reportedly 265 times more potent than Carbon dioxide … Continue reading
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See what Tech Guard is guarding
The up-to-date info of the progress of the projects of Israeli non-profit Tech Guard (see here previously). It now has some 200 volunteers from Israel’s tech community developing solutions to save lives. https://www.israeltechguard.org/
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An artificial island
The digging of tunnels for the Metro in the Greater Tel Aviv area will involve the removal of 40 million cubic meters of earth. The Ministry of Transport is examining the possibility of using this material to build an artificial … Continue reading
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Cultivating bluefin tuna
Israel’s Wanda Fish (see here previously) has unveiled toro sashimi made from the cells of bluefin tuna, one of the world’s most expensive fish per pound. Toro sashimi is normally made from the fatty underbelly of the fish, and Wanda … Continue reading
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2.5 billion cubic meters of water
Underneath Kibbutz Shamir in the Upper Galilee is a massive water source – over half as much as in the Kinneret (Sea of Galilee). Thanks to the JNF-USA and others, the Shamir Drilling Project is reaching down a huge 1.5km … Continue reading
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Swedish car charged in 10 minutes
Israel’s StoreDot (see here previously) successfully charged a fully drive-able verification Polestar 5 prototype Electric Vehicle, from 10% to 80% in under 10 minutes. The Polestar’s 77kWh battery pack comprised StoreDot’s 300Wh/kg silicon-dominant battery cells. https://www.store-dot.com/press/storedot-and-polestar-showcase-worlds-first-electric-vehicle-10-minute-charge-with-si-dominant-cells
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