Author Archives: MichaelOrdman

Exits, takeovers and mergers to 7/5/23

US-based Blink Mobility acquired Israel’s Envoy for $34 million. Israel’s Youappi has been acquired by an unnamed US company for around $110 million.

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Rolling out smart shopping carts

Israel’s A2Z Smart Technologies (see here previously) has signed an agreement to roll out 1,000 of its smart pick-and-go, self-checkout shopping carts at Israel’s  Hastok home design and household concept stores across the country in a deal valued at NIS … Continue reading

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49 more startups in MassChallenge II

Israel’s largest equity-free accelerator program, MassChallenge IL, brought together 49 startups in Jerusalem recently to learn business essentials, a first step towards enabling companies to complete its four-month “investor-ready” program. https://www.jns.org/49-israeli-startups-learn-business-basics-in-masschallenge-program/

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How 7th Heaven was invented

7th Heaven chocolate (see here previously) was conceived in the kitchens of two vegan Israeli chocoholics Daniel and Elya, who were dating. They have just raised $3 million to market the creamy non-dairy, kosher chocolate beyond its current retail locations … Continue reading

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Permit to sell cow-free milk

Israel’s Remilk (see here previously) has received regulatory approval from Israel’s Health Ministry to sell its cultured protein-based cow-free milk products to Israeli consumers.  Remilk already has permits to sell its products (chemically identical to cow’s milk) in the USA … Continue reading

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A growing Unicorn

Optibus (see here previously) is a billion-dollar Israeli private company whose value is increasing, despite the current financial market downturn. In 2022 it doubled its revenues and workforce. Its public transportation management software is now used in 2,000 cities worldwide. … Continue reading

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One of the fastest growing companies in the world

The annual revenue of Israeli cybersecurity Semperis (see here previously) has grown to nearly $100 million in just 9 years. Its disaster recovery system knows how to detect cyber-attacks, neutralize them, and restore the organization’s activities automatically. https://www.calcalistech.com/ctechnews/article/s1yug0x7n

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Returning plastic to its origins

Israel’s Plastic Back can reverse engineer any type of plastic waste into its original oil, wax, and chemical components. It will buy any plastic waste that cannot be recycled and pilot a chemical process developed at the Hebrew University, to … Continue reading

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Better airline security

The security scanning system from Israel’s SeeTrue (see here previously) is now deployed at several European airports. In 2022 it detected 500,000+ prohibited items, from scissors and screwdrivers to drugs and banknotes. It is 10 times faster than a human … Continue reading

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Grapes originated in the Land of Israel

Scientists previously (see here) traced the domestication of grapes to Israel and the Caucasus. Now researchers from Tel Aviv and Haifa universities have confirmed the original findings by genetic tests on ancient wine seeds discovered by archeologists in the Negev. … Continue reading

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