Israel’s EVR Motors has signed its 4th commercial agreement in India. It is now partnering RSB Group to develop electric motors for light commercial vehicles using its breakthrough Trapezoidal Stator RFPM topology. Previous agreements with Badve (see here), Napino, and … Continue reading →

Israel’s global freight booking and payment platform Freightos has begun trading on Nasdaq after a $500 million IPO. Freightos raised over $80 million in capital through the listing, including $10 million from Qatar Airways. https://www.calcalistech.com/ctechnews/article/hyvyviroi

Japanese IT service giant NTT has selected Israel’s C2A Security (see here previously) as the first project of its new Global Automotive Security Test Center. The center will test connected cars to secure and protect their systems from cyber-attacks for … Continue reading →

Freightos raised $80 million (IPO); Sentra raised $30 million; NT-Tao raised $22 million; Evigence raised $18 million; BridgeWise raised $13 million; Gem Security raised $11 million; Guardz raised $10 million; Addressable raised $7.5 million; GoodOnes raised $3.5 million.

US giant Dell acquired Israel’s cloud orchestration solutions startup Cloudify for up to $100 million; Israel’s OpenWeb acquired Israeli-founded proprietary audience management platform Jeeng for $100 million; Canada’s Plusgrade acquired Israel’s UpStay and opened Israeli R&D center.

When global management consultancy McKinsey acquired Israel’s Iguazio last month (see here previously) they had examined more than 1,000 AI companies worldwide. Iguazio (McKinsey’s first Israeli acquisition) was identified as the best fit to help McKinsey significantly accelerate its AI … Continue reading →