Israel Active

12 Israeli companies, or companies with a connection to Israel, rose by more than 100% on the Nasdaq index during 2024. They include Eco Wave Power (+1,050%), Allot (187%), Hippo (175%), Beamr Imaging (154%), TAT (149%), Lemonade (143%), Teva, and NovoCure.

Israel’s Arbe Robotics (see previously) has announced that it will integrate its ultra-high-definition perception radar with Nvidia's DRIVE AGX platform, a high-performance AI computing system for autonomous and semi-autonomous vehicles. Arbe’s share price rose significantly.

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Israeli private equity firm is to buy Israeli drip irrigation company . It will pay for 75% of Metzerplas. Israel’s is acquiring Israeli behavioral intelligence platform developer for an estimated several million dollars. Japan’s Kaneka has acquired Israel’s for an estimated .

Israel’s Foresight (see previously) is to develop advanced 3D perception solutions for South Korea’s Bumhan Motors to build semi- and fully autonomous electric buses. They will be required to operate in various conditions, including harsh weather and poor lighting.

From Feb 7, Israeli airline Israir is to operate twice-weekly direct flights between Athens and Israel’s Ramon airport, 11 miles north of Eilat. It is expected to add additional routes to Europe, taking tourists straight to the Red Sea resort city without flying via Tel Aviv’s Ben Gurion airport.

OurCrowd founder and CEO Jon Medved gave an upbeat assessment on how foreign markets are reacting to Israel’s ongoing war and the impending change of American leadership.  He expected Israel to outperform its global peers in cybersecurity and defense technology.

Israel’s Consumer Price Index (CPI) fell 0.4% in Nov, more than analysts expected. Israel’s annual inflation rate for the 12 months to Nov fell to 3.4% from 3.5% in Oct. mostly due to decreases in the price of fresh fruit and vegetables. Meanwhile, Israel’s reserves of foreign currency rose by over $1 billion.

Israeli high-tech companies raised $9.58 billion in 2024 across 443 fundraising rounds. This marks a 38% increase in capital raised and a 13% increase in the number of rounds compared to 2023 when $6.9 billion was raised.

Six airlines are resuming their services to Tel Aviv: Hungarian low-cost airline Wizz Air, Romanian low-cost airline Biz, Polish airline Lot, Spanish carrier Air Europe, Air Baltic; and Bulgaria Air. Biz began its inaugural Israel route in August.