Author Archives: MichaelOrdman

Azerbaijan buys into Israeli gas field

Azerbaijan State Oil Company (SOCAR) is acquiring a 10% stake in Israel’s offshore Tamar natural gas reservoir from Union Energy, owned by Israeli businessman Aaron Frenkel. The stake was worth around half a billion dollars when Union Energy bought it … Continue reading

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Adopt an olive tree

“My Tree in Israel.” connects global Israel supporters with Israeli farmers, allowing them to adopt olive trees and grapevines. In return, supporters receive six bottles of exclusive olive oil and wine delivered to their doorstep. Trees have also been adopted … Continue reading

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Morocco selects Elbit

Morocco has switched to Israel’s Elbit Systems as its main defense partner, signing a contract to purchase 36 Atmos 2000 self-propelled artillery systems. It follows repeated technical failures in the Caesar artillery systems, which Morocco ordered from France’s KNDS that … Continue reading

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App to calculate profit from solar roofs

Israel’s Energy Ministry has launched an interactive website to give everyone the potential to generate solar energy on every roof, park, parking lot, sports ground and cemetery in Israel. It calculates the profitability of installing solar panels, channeling the electricity … Continue reading

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Partnering for security

Israeli companies Check Point and Wiz have signed a strategic partnership agreement to offer the industry’s most comprehensive cloud security solutions. It combines Wiz’s cloud security expertise with Check Point’s extensive customer base and a strong reputation. https://www.timesofisrael.com/israels-check-point-and-wiz-partner-to-merge-cyber-tech/ https://www.calcalistech.com/ctechnews/article/hyxs3aotyg

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Billion-dollar revenues

Two Israeli companies, Pagaya and CyberArk have each reported the key milestone of $1 billion dollars of annual revenue. https://www.calcalistech.com/ctechnews/article/bkk7fikq1g https://www.calcalistech.com/ctechnews/article/sks4avofkg

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Exits, acquisitions & mergers – to 23rd Feb 25

Israel’s CyberArk acquired Boston’s Zilla for at least $165 million. Israel’s HiBob acquired US-based Mosaic for $35 million. US private equity firm Riverwood Capital has acquired Israeli AI pricing company Quicklizard for NIS 186 million.

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Startup investment – to 23rd Feb 25

Dream Security raised $100 million (new Unicorn) Augury raised $75 million; Blockaid raised $50 million; Voyantis raised $41 million; Guidde raised $15 million; IBI Ag raised $6.1 million.

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Powering drones

Israel’s Lowental Hybrid specializes in advanced hybrid propulsion systems for unmanned aerial vehicles (UAVs) and drones. Its hybrid propulsion systems combine electric and fuel-based technologies, increasing flight times by up to fivefold while maintaining the quiet operation of electric power. … Continue reading

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Atomic memory material

Tel Aviv University scientists have  reconfigured the atomic layers of graphite to simulate the “on, off” switching inside computer memory storage chips. It could revolutionize computer microprocessor design. https://english.tau.ac.il/research/novel-materials-layers https://www.nature.com/articles/s42254-024-00781-6

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