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Author Archives: MichaelOrdman
Startup investment – to 14/7/24
K Health raised $50 million; Sola Security raised $28 million; Volumez raised another $20 million; Buildots raised $15 million; Nagish raised $16 million; Endoron Medical raised $10 million; Vee raised $7 million; Enso raised $6 million; Dono raised $3.7 million.
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Exits, takeovers & mergers – to 14/7/24
Israel’s 3D print company Nano Dimension has acquired US 3D print company Desktop Metal for $183 million.
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Canada approves muscle toning system
Israel’s Sofwave Medical (see here previously) has received approval from Health Canada to commercialize Pure Impact™ utilizing PlyoPulse™ EMS (“Electric Muscle Stimulation”) technology in that region. The system already has US-FDA approval. https://finance.yahoo.com/news/sofwave-medical-receives-marketing-clearance-123300406.html https://www.youtube.com/watch?v=Ouub8lH3J6o
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Billion-shekel Netanya server farm
A new server farm costing NIS 1.1 billion is being constructed by NED, an Israeli-British partnership in the Poleg Industrial zone of Netanya, Israel. The server farm will extend over 13,500 square meters and is designed to connect to undersea … Continue reading
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Space tech
Space Florida, the state’s aerospace finance and development authority, and the Israel Innovation Authority are funding joint space-tech projects involving US & Israeli companies. The Israeli startups:- Purammon (hydrogen electrolysis & water purification), StemRad, Novelsat, and Mobility Insight. https://www.jns.org/florida-israeli-space-tech-partnership-awards-2-million-to-fuel-progress/ https://www.purammon.com/
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Meta accelerates Israeli AI startups
Meta is launching AI Accelerator TLV to boost the potential of early-stage Israeli startups with a focus on AI capabilities and products. 10 startups will be selected for the 15-session program, which will run from Sep to Dec 2024. They … Continue reading
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$220 million to focus on Israeli startups
European venture capital firm Forestay Capital has closed its second fund at $220 million, with a key focus to invest in Israeli startups and help them expand in Europe. Forestay said, “… we will continue to support Israeli tech innovation … Continue reading
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Connecting the sun and the soil
Israel’s agRE.tech is developing an AI-powered robotic system for solar farms that incorporate agricultural farms. The robots perform precise spraying, pruning, autonomous picking, and more, alongside automatic control and maintenance of the solar fields. https://www.calcalistech.com/ctechnews/article/hktuf7zvr
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Empowering the deaf to use the phone
Israeli-founded Nagish allows the deaf to talk on the phone. The solution uses AI to enable real-time transcription, adjustment of the text display to the user’s needs, and an intuitive interface. There are about one billion hearing impaired people worldwide. … Continue reading
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Accident prevention software unveiled
Israel’s CorrActions (see here previously) has developed AI software that determines a driver’s cognitive state – sleepy, inebriated or simply distracted. Its Driver NeuroMonitoring (brain analysis) System integrates with motion sensors in the steering wheel, seats etc. https://nocamels.com/2024/06/startup-unveils-ai-platform-to-monitor-drivers-by-reading-minds/ https://startupsmagazine.co.uk/article-ai-powered-solution-prevents-cognitive-distraction-drivers
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