In July 2024, the average monthly wage in Israel was NIS 13,683, up 6.7% from July 2023 and far in excess of inflation. In contrast, Israeli hi-tech monthly salaries (June figures) averaged NIS 32,215, up 8.1% from a year ago. … Continue reading →

Israel’s REE Automotive (see here previously) has signed a supply chain deal with India’s auto parts maker Samvardhana Motherson to increase production. Motherson, supplies major car manufacturers in 44 countries, including Mercedes Benz, Audi, Volkswagen, BMW, Porsche, and GM. https://www.timesofisrael.com/israels-ree-inks-supply-deal-with-indian-auto-parts-maker-secures-45m-in-funds/

Eon.io raised a total of $127 million; Nym Health raised $47 million; Qodo (previously CodiumAI) raised $40 million; Xtype raises $21 million; Air Doctor raised $20 million; Augmented Intelligence raised $10 million; Kando raised $10 million; Prime Security raised $6 … Continue reading →

US Comply365 has acquired Israel’s Qualtero, a premier provider of training management solutions, especially aviation training.

Google has selected three Israeli startups to join 12 others in its inaugural European Google for Startups Accelerator: AI First. They are Bagel AI, Dtect Vision, and Geneyx Genomex. The 10-week program includes mentoring from experts in Google Cloud and … Continue reading →

Israel’s  Eon.io has emerged from stealth to announce the raising of another $77 million of funds ($127 million in under a year). It markets its systems as a breakthrough in cloud backup where you only backup what you need. The … Continue reading →

Mitsubishi Motors Corporation has selected Israel’s C2A Security’s EVSec platform (see here previously) to manage its cyber protection needs. C2A was chosen for its ability to address auto manufacturer cybersecurity regulations such as United Nations’ UN R155. https://www.calcalistech.com/ctechnews/article/bjylsa8nc

Israel’s Epsilor (see here previously) has delivered the first COMBATT 6T batteries for installing in the Redback Infantry Fighting Vehicle (IFV), which will be supplied to the Australian Army. The batteries store 3,630Wh of energy, the highest energy density in … Continue reading →

Jerusalem hosted the 38th meeting of the US-Israel Joint Economic Development Group. Sessions included environmental technologies, strategic regional projects, and foreign investment screening. The war impact was also discussed. Note slight textual differences in the statements linked to below. https://www.jns.org/us-israeli-officials-discuss-economic-cooperation-at-jerusalem-summit/ … Continue reading →