Author Archives: MichaelOrdman

Funds flow in for startups

Startup investment for April 2024 was over $1 billion – the highest since Aug 2022. It follows March investment total of some $800 million. https://www.calcalistech.com/ctechnews/article/syvacqkzc

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Pollinating pistachios in California

If you buy Californian pistachios, there is a good chance that they were produced thanks to Israel’s Edete Precision Technologies for Agriculture (see here previously). The agri-tech startup now helps Californian farmers pollinate 3,000 acres of almond trees. https://farming.co.uk/news/edete-expands-precision-pollination-services-in-california

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Startup investment – to 5/5/24

Island.io raised $175 million; Magnus Metal raised $74 million; Oasis Security raised another $35 million; Snappy raised $25 million; Nagomi Security raised $23 million; Bridgewise raised $21 million; Greeneye Technology raised $20 million; Dot Compliance raised $17.5 million; Vorlon Security … Continue reading

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Exits, takeovers and mergers – to 5/5/24

Nvidia acquired Israel’s Run.ai for $700 million. US Armis has acquired Israel’s Silk Security for $150 million; US BeyondTrust has acquired Israel’s Entitle.io for $100-150 million.

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Security screening Cypriot airports

Israel’s SeeTrue (see here previously) has improved passenger throughput and streamlined the screening process at Cyprus’s Larnaca airport. SeeTrue’s AI security screening platform will now be introduced in Pafos – both airports managed by Hermes Airports. https://nocamels.com/2024/04/israeli-ai-security-platform-expands-to-second-cyprus-airport/

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Low-sugar juice is safe

Israel’s BlueTree Technologies (see here previously) has secured self-GRAS (Generally Regarded As Safe) status for its patented process to selectively remove sugars from juice. It is now seeking approval to begin marketing, with Israeli manufacturer Priniv, 33% less sugar juice. … Continue reading

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A new milestone in Israel-India relations

Israel Aerospace Industries (IAI) is establishing a new aerospace defense company in India, named the Aerospace Service India (ASI). It marks a new level of collaboration between the two countries as the Indian government promotes its vision of self-reliance. https://www.jpost.com/business-and-innovation/article-794351

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$3 billion of Israel Bonds

Since Oct 7, Israel Bonds has sold a record $3 billion. It includes a significant increase in the investments by financial institutions mainly from US states and municipal governments. It highlights massive direct support during the war for Israel from … Continue reading

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A good quarterly report

Startup Nation Central’s report for the first 3 months of 2024 highlighted that Private funding in Q1 2024 was $1.8 billion, up 8.5% compared to the final quarter of 2023. Mergers & acquisitions were over $2 billion – up 40% … Continue reading

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Can (Israeli) science save the planet

This webinar featured four Professors from Israel’s Technion Institute who explained their research that could have a major positive impact on our environment. In the Q&As I asked Prof Diesendruck if Israeli startups (e.g., UBQ) had solved the problem of … Continue reading

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