The Israel Innovation Authority’s “State of High Tech” annual report show that in 2021, Israel’s hi-tech industry earned 50% more than the next sector – trade & retail.  In 2022 the gap was 90%. Israeli hi-tech is worth 18.1% of … Continue reading →

Israeli digital insurance company Lemonade (see here previously) is claiming a new record after settling a claim in just two seconds to a customer whose bicycle was stolen in the UK. Lemonade’s AI system assessed, checked, and paid the customer … Continue reading →

Cyera raised $100 million; Augmedics raised $82.5 million; NoTraffic raised $50 million; Anzu raised $48 million; Ramon.Space raised $26 million; Astrix Security raised $25 million; Wenrix raised $15 million; Loora raised $9.25 million; Memphis.dev raised $5.58 million;

Israel’s ThetaRay won Best in Class Compliance Solution at the 2023 RemTECH Awards for its AI-powered transaction monitoring technology. The award is part of the United Nations-led Global Forum on Remittances, Investment and Development. https://www.businesswire.com/news/home/20230620778570/en/

Israel’s Exodigo (see here previously) was used by Coles Rail to scan and map a project in Birmingham UK for part of a light rail expansion that will connect to the city’s Curzon Street Station. It detected over 280 underground … Continue reading →

For the first time Israeli programs have been sold for broadcasting in Saudia Arabia and Turkey. Saudi broadcasting network MBC bought the docu-series “Cassandra’s Prophecy”. And the Turkish broadcasting network Kanal D bought “Special”, the drama series about autism. https://www.israelnationalnews.com/news/373343

Israel’s More Foods (see here previously) has partnered with Tivall, the Israel-based vegetarian frozen food brand owned by food giant Osem-Nestlé. It will help More Foods expand distribution of its pumpkin and sunflower seeds meat alternatives to meet the growing … Continue reading →

Venture Capital firm Eight Roads plans to invest half a billion dollars in Israel in the coming years.  It already has 10 active investments in Israel including HiBob, AppsFlyer, Fireblocks, Eleos Health, Noogata, and Gloat. https://www.calcalistech.com/ctechnews/article/rkibnwzo3