Author Archives: MichaelOrdman

First rookie on Indy 500 pole is Israeli-born

Posted on May 25, 2025

Israeli-born Robert Shwartzman the first rookie in more than 40 years to secure the top starting position at the iconic Indy 500 race. Shwartzman, who drives for Prema Racing, posted a four-lap average of 232.790 mph. “I’m proud to represent … Continue reading →

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The art of the brew

Posted on May 25, 2025

The Malka Brewery in the Western Galilee is one of Israel’s many successful craft beer breweries. At Kibbutz Yehi’am everything was produced naturally; herbs, fruit and clean water from the nearby Ga’aton Springs. In 2018, production moved to a state-of-the-art … Continue reading →

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Stepping on the gas

Posted on May 25, 2025

Since Israel began profiting from gas production, it has collected almost $8 billion in revenues, with little effort. Annual revenues are expected to double from $1.3 billion in 2024 to $2.6 billion in the next few years. The gas companies … Continue reading →

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Israel’s resilient climate tech

Posted on May 25, 2025

The 2024-2025 Climate Tech Status Report from Israel’s Innovation Authority and its subsidiary, PLANETech, reports that Israel’s climate tech ecosystem has demonstrated remarkable resilience, sustained growth and strong international trust. The 946 active companies include 49 new in 2024. https://www.jns.org/israeli-climate-sector-shows-remarkable-resilience-report-finds/

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Startup investment – to 25th May 25

Posted on May 25, 2025

AI21 Labs is raising $300 million; PhaseV raised $50 million; Line 5 raised $20 million; Rhino Federated Computing raised $15 million; Alphabiome raised $8 million; Celery raised $6.25 million (total $9 million);

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Exits, takeovers, and mergers to 25th May 25

Posted on May 25, 2025

Israel’s Sapiens International has acquired London’s AdvantageGo. US Fortinet has acquired Israeli SaaS security startup Suridata.

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The most valuable property sold in Israel

Posted on May 25, 2025

A mansion in Caesarea has been sold for $22 million – the highest real-estate deal of 2025 in Israel thus far. The anonymous buyer is a resident of the United States. https://www.jns.org/the-mar-a-lago-of-israel-sold-via-instagram-for-a-record-price/

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Modernizing San Marino’s oldest bank

Posted on May 25, 2025

Israel’s HUB Cyber Security (see here previously) has won a 20 million Euros contract to modernize the oldest bank in San Marino – Cassa di Risparmio della Repubblica di San Marino. HUB will fully overhaul the bank’s core, mobile and … Continue reading →

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Protecting financial institutions from fraud

Posted on May 25, 2025

Israel’s BioCatch (see here previously) has partnered with Alloy.com to help protect Alloy’s 700 top financial and fintech customers from fraud attacks. https://idtechwire.com/biocatch-and-alloy-partner-to-boost-digital-banking-security-with-biometrics/

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Spatial hearing AI for LG

Posted on May 25, 2025

Israel’s Kardome (see here previously) has partnered with LG Electronics to integrate Kardome’s Spatial Hearing AI into LG’s next-generation smart devices. Kardome’s highly accurate voice-activated user interfaces will first be built into LG’s line of smart TVs. https://www.newsfilecorp.com/release/251553

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