Author Archives: MichaelOrdman

Solar panels to be mandatory

New Israeli Energy Ministry regulations have been approved requiring all new detached houses and non-residential buildings of a certain size to install solar panels for electricity generation. The regulations will shortly expand to residential apartment buildings, in which the majority … Continue reading

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$1.9 billion exit

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/

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$1 billion for safe AI

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

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Startup investment – to 8/9/24

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;

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Military supplies for Dutch army

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

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The biggest drone delivery service in the US

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/

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Prize-winning mining technology

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

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A chocolate boost for no-tree chocolate

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

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Technion students pitch up in NYC

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/

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Converting waste into energy

Israel’s Co-Energy turns plastic and organic waste into energy. No waste pre-sorting is necessary. The process involves pyrolysis – super-heating without the use of oxygen. It turns plastic into a form of oil or gas and wood into biochar (a … Continue reading

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