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Monthly Archives: June 2024
Eyes for French aircraft engine manufacturer
Israel’s Odysight.ai has received a purchase order from France-based Safran Aircraft Engines. Odysight.ai will supply its cutting-edge micro cameras to support Safran’s experimentation, planning and development of jet engines for the aviation industry. https://www.odysight.ai/press/odysight-ai-receives-purchase-order-from-france-based-safran-aircraft-engines/
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Startup investment – to 9/6/24
Gauzy raised $75 million (IPO);
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Exits, takeovers and mergers – to 9/6/24
Germany’s SAP is acquiring Israel’s WalkMe for $1.5 billion; US-based Tenable is acquiring Israel’s Eureka Security for “tens of millions of dollars”. Israel’s Valens Semiconductor has acquired Colorado’s Acroname.
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Pineapple delight
Israel has cancelled customs duties on pineapple imports from Costa Rica, leading to plummeting prices. Israelis have taken full advantage, almost doubling their normal consumption. The fruit already had increased its popularity, rising from 1.1 million sold in 2021 to … Continue reading
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$260 million order for Elbit
Another (undisclosed) international company has recognized Israel’s dominance in the defense technology industry with a two-year, $260 million purchase order for systems from Israel’s Elbit. In 2023, Elbit earned revenues of approximately $6 billion and now has an order backlog … Continue reading
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Software for football (soccer) coaches
Israel’s Easy Coach helps soccer coaches manage their clubs. Features include club administration, player development & performance, team analysis, tactics, training strategies etc. Used by the Israeli National team, Villarreal FC, and 250+ other teams in 7 countries including South … Continue reading
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A buffalo farm in Israel.
Chanoch Trister owns and manages Israel’s one-and-only buffalo farm in Moshav Bitzaron in southern Israel from buffalos flown to Israel in the 1990s. The farm produces mozzarella and burrata balls, a wide range of hard, aged cheeses, flavored yogurts, labneh … Continue reading
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New factory for microalgae protein
Israel’s Brevel (see here previously), has opened its first commercial plant for producing its alternative protein from microalgae. The product is vegan, gluten-free, non-allegenic, non-GMO, over 60% protein, and has a long shelf life. It can be used in dairy … Continue reading
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5 cyber companies to watch
Calcalist identifies five specialist Israeli cyber security startups that should do well in 2024. Oasis Security (non-human identities, eg passwords), Astrix Security (non-human connections, e.g. APIs), Backslash (development security), Zenity (low code environments) and OneLayer (hospitals). https://www.calcalistech.com/ctechnews/article/hyzcgjbvr
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Prepared for when disaster strikes
Aman Group (see here previously) is Israel’s largest IT company, with some 4,000 employees. Established 50 years ago, it deliberately maintains 50% of its operations in Israel. But it also has subsidiaries in several other countries, which can operate as … Continue reading
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