Google’s parent Alphabet acquired Israel’s Wiz for $32 billion. Insurance giant Munich Re (subsidiary ERGO) is acquiring Israeli-founded startup Next Insurance for $2.6 billion in cash. US AI specialist Tray.ai has acquired Israel’s Vanti.ai (Vanti Analytics) for tens of millions … Continue reading →

Israel’s H2Pro (see here previously) has signed an agreement with Latvenergo, Latvia’s national electricity company, to test the integration of H2Pro’s decoupled electrolysis technology for green hydrogen production with Latvia’s renewable energy sources. https://www.prnewswire.com/news-releases/latvenergo-and-h2pro-sign-mou-to-advance-green-hydrogen-commercialization-in-latvia-302398573.html

The port of Ashdod has launched a technology hub to find supply-chain solutions. It has already invested $3 million in Makalu Optics, Treedis, FLYZ Robotics, Spinframe, and Salvador Technologies. https://www.israel21c.org/ashdod-port-launches-tech-hub-to-find-supply-chain-solutions/

United Airlines became the first US carrier to resume its daily New York to Israel service since flights were suspended due to the Israel-Hamas war. It will start an overnight service on 29 March. Delta previously announced it will renew … Continue reading →

At the recent annual Israel Bonds leadership conference, Yechiel Leiter, the newly appointed Israeli Ambassador to the United States, highlighted Israel Bonds’ record-breaking global sales of some $4.5 billion since the beginning of the war on Oct. 7, 2023. https://www.jns.org/at-annual-leadership-conference-israel-bonds-touts-4-5b-raised-since-oct-7/

Singapore has emerged as an extremely attractive market for Israeli entrepreneurs in recent years, as tech relations between the two nations grow. Singapore has increased its investment in Israel’s tech ecosystem, especially in cybersecurity, AI, and fintech. https://www.calcalistech.com/ctechnews/article/b1l7y50bkg

Despite the war Israel’s GDP grew by 1% in 2024, above forecasts by the OECD, Moody’s and S&P. Signs of recovery were evident in the fourth quarter annualized growth of 2.5% driven primarily by a 9.5% jump in private consumption … Continue reading →