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Monthly Archives: August 2024
Rare whale shark visits Eilat
A 20-foot whale shark was sighted and photographed gliding through the waters of Eilat’s coral reserve. The world’s largest fish is an endangered and protected species, harmless to humans, so it was heartening to see it accompanied by baby whale … Continue reading
NBA star motivates Israelis
Former NBA star and sports analyst Shaquille O’Neal sent a message to dozens of Oct 7 survivors and bereaved relatives of victims who were on a One Family therapeutic vacation at Canada’s Camp Timberlane. O’Neal’s message was sprinkled with Hebrew, … Continue reading
$1.5 billion of Israeli green energy for US
Israeli renewable energy company Energix, in collaboration with tech giant Google, will enter a tax equity partnership for future projects in the U.S. amounting to 1.5 gigawatts by 2030. The estimated value of the partnership is between $1.3 and $1.5 … Continue reading
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13 Israelis open NYSE
On 19 Aug, the founder of Israeli Mapped in NY, Guy Franklin rang the opening bell at the New York Stock Exchange. He was joined on the podium by twelve founders of Israeli tech companies. The 450 Israeli-founded companies in … Continue reading
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Startup investment – to 25/8/24
Kubiya raised another $6 million; DreaMed Diabetes raised $3 million;
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Exits, takeovers & mergers – to 25/8/24
Johnson & Johnson is to acquire Israeli medical device maker V-Wave for up to $1.7 billion. Israel’s Thetaray has acquired Europe’s Screena. US-based Applied Systems acquired Israel’s Planck Resolution.
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Israeli tech at Bojangles drive-thrus
The AI voice bot from Israel’s Hi Auto (see here previously) is to be used to handle customer orders at hundreds of Bojangles drive-thrus. Bojangles has dubbed the technology “Bo-Linda”, which has already been implemented in over 50 of its … Continue reading
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$1.2 billion to develop new gas field
Multinational Energean has announced that it will invest $1.2 billion to develop the Katlan gas field off Israel’s Mediterranean coast. It expects output to commence in 2027. The field contains 1.10 trillion cubic feet of proven and probable gas reserves. … Continue reading
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Israeli systems boost income at Palo Alto
US gian Palo Alto Networks increased its annual revenue by 16% to $8 billion fueled by two Israeli-based Next Generation System (NGS) products – the Cortex division and the Prisma Cloud division. Annual NGS revenue was $4.2 billion representing a … Continue reading
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Electricity reform to save money for consumers
Israelis will soon be able to choose which supplier to purchase electricity from, breaking the decades-old monopoly of the Israel Electric Company, Discounts on electricity bills could reach 20%, resulting in total savings to consumers of up to NIS 2 … Continue reading
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