Salesforce is to acquire Israel’s Own Company, formerly known as OwnBackup (see here previously), for $1.9 billion in cash. Salesforce already owned 10% of Own Company, giving a total valuation of $2.1 billion. https://www.calcalistech.com/ctechnews/article/hyiemjv20 https://www.owndata.com/

Israeli-founded Safe Superintelligence (see here previously) has just raised an incredible $1 billion, just 3 months after launching. Its aim is to build scalable computer power that will eventually result in Artificial Intelligence that, although more powerful than humanity, will … Continue reading →

Sedric raised $18.5 million; Hypernative raised $16 million; Rep AI raised $8.2 million; Odeeo raised $5 million; Somite.ai raised another $4.8 million;

The Netherlands Army is buying $277 million of Spike LR2 missiles from Israel’s Rafael Advanced Defense Systems. Earlier this year the Netherlands halted exports to Israel of F-35 fighter aircraft parts after a ruling by a Dutch court that the … Continue reading →

Israel’s Flytrex (see here previously) has just completed 100,000 on-demand deliveries across its locations in suburban North Carolina and Texas, more than any other airborne food delivery service in the United States. https://www.israel21c.org/flytrex-marks-100k-drone-food-deliveries-in-the-usa/

Israel’s Razor Labs (see here previously) won three separate categories at the 2024 Mining Technology Excellence Awards. Razor Labs’ AI-driven DataMind AI platform maintains key mining machinery and won in the categories of Innovation, Safety, and Research & Development (R&D). … Continue reading →

Having produced its proof of concept, Israel’s Celleste Bio (see here previously) is now upscaling its lab-cultivated chocolate production, thanks to a strategic investment from food giant Mondelez. It is upgrading its 1,000 liter bioreactor to 50,000 liters, aiming to … Continue reading →

MBA students from Israel’s Technion Institute presented their innovative technologies to a panel of New York City entrepreneurs and investors, “Shark Tank” style. The winner was Gil Menasherov with a polymer that protects solar panels from UV radiation. https://www.youtube.com/watch?v=yDVYM6Xi53U https://chemeng.technion.ac.il/en/seminar-by-gil-menasherov/