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Author Archives: MichaelOrdman
Fresh Paint 2024
Israel’s largest art event, Fresh Paint will take place in Tel Aviv (July 3-8). It will comprise 40 exhibits set in gyms and outdoor tennis courts, showcasing the works of dozens of participating artists. https://www.timesofisrael.com/this-years-fresh-paint-art-fair-takes-the-temperature-of-israeli-society/
Agrifood tech startups are thriving
Despite the war, Israel’s agrifood tech sector is thriving with 400 companies and nearly $100 million oof private funding in Quarter 1, 2024. Many companies have relocated from Northern Israel to the center and food security has become a major … Continue reading
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Ready to leap higher
Gilad Lando, CEO of Israel’s Smart Resilin (see here previously), explains the unique process to make 500 grams a month of its revolutionary elastic material. He hopes that by partnering with Acies Bio of Slovenia this will increase to a … Continue reading
Posted in Economy & Business
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Startup investment – to 30/6/24
Fetcherr raised $90 million; Sensi.ai raised $31 million; Illumex raised $13 million.
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Exits, acquisitions and mergers to 30/6/24
“Frog” eats “Duck” Israel’s JFrog has acquired Israel’s Qwak for $230 million.
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ChatGPT creator to set-up in Israel
Ilya Sutskever, OpenAI co-founder and creator of ChatGPT, plans to establish a research and development center in Tel Aviv for his new startup Safe Superintelligence Inc. He believes that Israel has the talent necessary to responsibly control AI and transform … Continue reading
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Israeli workbench is “Pro’s Pick”
The professional woodworker from Family Handyman magazine who reviewed the Folding Work Table from Israel’s Keter was most impressed. So were others. https://www.familyhandyman.com/article/keter-folding-work-table-review/ https://www.amazon.com/Keter-Folding-Workbench-Sawhorse-Capacity/dp/B001CWX26Y https://il.keter.com/ https://www.youtube.com/watch?v=x7_3aE07Hd8
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Rising startups
Two Israeli startups won the 2024 Asper Prize – the Hebrew University’s “Rising Startup” Award and NIS 100,000 prize money. GynTools’ GYNI is an AI system to diagnose female infections. Hydro X converts hydrogen into a safe, non-toxic water-based liquid … Continue reading
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Crop spraying in Nebraska
Israel’s Greeneye Technology has opened a dealership in Nebraska – its first in the US. Greeneye’s precision spraying reduces chemical use in farming by an average of 88%. Local partner Boeck Seeds says that weed control is the biggest challenge … Continue reading
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Tel Aviv is more affordable
Mercer’s annual Cost of Living City Ranking has dropped Tel Aviv from the 8th most expensive city for foreign employees to a mere 16th. Lower rental costs are the main reason, with Dubai (15) and London (8) overtaking it. The … Continue reading
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