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Author Archives: MichaelOrdman
Zubin Mehta returns
Although he retired in 2019 after 50 years of conducting the Israel Philharmonic Orchestra (see here previously), he has returned as guest conductor for eight concerts. But be quick – the last one is on March 5. https://www.msn.com/en-ca/entertainment/music/zubin-mehta-returns-to-israel-philharmonic-orchestra-for-eight-concerts/ar-BB1iBSvK https://www.ipo.co.il/en/program/zubin-mehta-conductor-pinchas-zukerman-violinist/?event_id=43593
A great time to invest
Michael Eisenberg, VC fund Aleph co-founder, said on CNBC that now is “one of the greatest opportunities to invest in Israel. Israeli companies deliver.” Israeli tech startups are undervalued and offer significant upside potential. Hamilton Lane CEO Juan Delgado-Moreira gave … Continue reading
Posted in Economy & Business
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Founding new companies during a war
Being evacuated or having a spouse in the reserves hasn’t stopped Israeli entrepreneurs from starting new companies. Gal Admati launched two (Qortein and HarvestR) from his hotel room. Dr. Hadas Ziso founded EndoCure despite her husband and a key employee … Continue reading
Posted in Economy & Business
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Startup investment – to 3/3/24
Exodigo raised $75 million; WeedOut raised $8.1 million
Posted in Economy & Business
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Exits, takeovers and mergers – to 3/3/24
Israel’s Deel has taken over Germany’s Zavvy for $20 million. US IT giant Workday has acquired Israel’s HiredScore for “hundreds of millions of dollars”. Ausralia’s Octopus Deploy has acquired Israel’s Codefresh for $40-50 million.
Posted in Economy & Business
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Increasing corn yields in the Mid-West
Agriculture giant Syngenta has an Israeli seeds R&D center (see here). Syngenta is deploying sensors from Israel’s CropX (see here previously) to improve its irrigated corn fields across Mid-West USA. In multi-vendor trials last season, Syngenta ranked CropX as the … Continue reading
Posted in Economy & Business
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Safeguarding the Australian army
Despite waning support from the Australian government, it is still happy to purchase military protection systems from Israel. Elbit has announced it was awarded a 5-year, $600 million contract, to supply mission-critical systems to Hanwha Defense Australia for use by … Continue reading
Posted in Economy & Business
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Saving billions in FX
Swiss-Israeli okoora (see here previously) says it has achieved cumulative savings of more than $3 billion for its customers through international foreign exchange transactions to date. Okoora’s Automated Business Currency Management (ABCM™) manages global payments, banking, and risk. https://blog.okoora.com/airbnb-foreign-exchange-fee-a-missed-opportunity/ https://blog.okoora.com/3-new-features-to-make-opening-bank-accounts-and-issuing-payments-much-smoother/ … Continue reading
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Assess the damage
OPENLANE, a US-based international digital marketplace for wholesale used vehicles, is now using Israel’s Click-Ins to detect and assess vehicle damage. OPENLANE’s Visual Boost AI creates visual overlays of detected exterior damage directly within the vehicle condition report. https://www.israel21c.org/car-inspection-tech-adopted-by-major-us-vehicle-marketplace/
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Pitching up in Florida
The State of Florida recently hosted 30 Israeli tech companies for a “pitch day” in the state’s capital Tallahassee. The Israeli companies represented areas such as healthcare, water treatment, energy, and cybersecurity. Each presented ideas to help strengthen Florida’s resources … Continue reading
Posted in Economy & Business
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