Monthly Archives: September 2024

Startup investment – to 1/9/24

Posted on September 1, 2024

Cytactic raised $16 million; IR-Med received $0.5 million from the Israel Innovation Authority.

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Exits, takeovers & mergers – to 1/9/24

Posted on September 1, 2024

Israel’s Check Point has acquired Israel’s Cyberint Technologies for $200 million; Computer giant Cisco is to acquire Israel’s Robust Intelligence.

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Tax benefits for immigrant home buyers

Posted on September 1, 2024

To encourage immigration, Israel is to expand tax benefits granted to new citizens who purchase their first home in the Jewish state. On homes valued between 1.98 million and 6 million shekels they will now pay 0.5% purchase tax instead … Continue reading →

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NIS 35 million for high-tech in Negev and Galilee

Posted on September 1, 2024

The Israel Innovation Authority has launched a NIS 35 million fund to encourage high-tech companies to expand into Israel’s Northern and Southern regions. It is part of a program called “Leap to High-Tech” that will help companies open new branches … Continue reading →

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Startup investment up 36%

Posted on September 1, 2024

The IVC & LeumiTech Israeli Tech Review reports that 226 Israeli startups raised $4.78 billion in H1 2024 – 36% more than in the first half of 2023. Startup Nation Central also reported strong support for Israeli tech startups. Calcalist … Continue reading →

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Unemployment drops to new low

Posted on September 1, 2024

The Central Bureau of Statistics reports that Israel’s unemployment rate in July fell to 2.8%,  down from 3.1% in June. 63% of Israelis aged 15 and older participate in the labor force. https://www.jpost.com/israel-news/article-815692

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11 Olympiad medals at Math & Physics

Posted on September 1, 2024

At July’s International Math Olympiad in the UK, Israelis won two gold, two silver and two bronze medals against teams from 108 countries. At the European Physics Olympiad in Georgia, Israelis won a gold and four silver medals against participants … Continue reading →

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Partnering for sustainable agriculture

Posted on September 1, 2024

Israeli companies Rivulis and Phytech have announced a strategic partnership. Rivulis will integrate its cloud-based precision irrigation subsidiary, Manna, into Phytech. It will provide farmers with a comprehensive view of their entire irrigation and fertigation system. https://www.rivulis.com/rivulis-and-phytech-announce-strategic-partnership-to-advance-sustainable-agriculture/#

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Saving every drop of water

Posted on September 1, 2024

Israel’s LeakZon has developed cutting-edge AI technology to drastically reduce water loss in public and private water utilities. https://www.prnewswire.com/il/news-releases/leakzon-ltd-emerges-from-stealth-mode-with-seed-investment-from-peal-holdings-aa-ltd-302203020.html https://www.leakzon.com/

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GenAI for agriculture

Posted on September 1, 2024

Israel’s Taranis (see here previously) has launched Ag Assistant, the agriculture industry’s first generative AI-powered agronomy engine, aiming to transform crop input and farm management decision making. Ag Assistant uses crop intelligence, plus historical data, weather maps and more. https://www.taranis.com/newsroom/ag-assistant/

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