Microsoft to invest $1 billion in Israel

Microsoft CEO Satya Nadella has given details of his company's planned new investments in Israel to the Israeli PM. They should total between $1 billion and $1.5 billion.

Water deal with Bahrain

Israel’s state-owned water company Mekorot has signed a $3 million deal to provide Bahrain’s Electricity and Water Authority (EWA) with consulting services on a number of water projects. It is the first major agreement between the two countries since the signing of the Abraham Accords.

Investment in Israeli startups (11/4/21)

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Motorcycle headset communications

Israel’s Cardo Systems has developed a next-generation headset intercom that allows motorcycle riders to communicate without distractions. Cardo has just been acquired by European private equity fund EMK Capital for $150 million.

Smarter than Amazon

Updated news on Israel’s SuperSmart (reported previously). Its supermarket shopping scanning system has now expanded to Germany, Brazil, and the U.S. and the startup has just raised $10 million of funds. At the same time, Amazon Go has shrunk from a target of 3,000 stores to just 25.

Yum! acquires Israeli hi-tech platform

Yum! Brands – owner of Pizza Hut, KFC and more, has taken over Israel’s Tictuk. It gives Yum! customers the ability to order fast food via WhatsApp, Facebook Messenger, Telegram, SMS, QR codes, and email, via Tictuk’s omnichannel ordering and marketing platform.

Helping UK freelancers to get paid

The app from Israel’s Osu helps UK freelancers, sole traders and self-employed accept and manage payments. It has no transaction fees and allows its users to capture 100% of each sale. Osu has already collected hundreds of thousands of pounds of payments for 1,000 UK professionals.

E-vehicle batteries for India

Israel’s Phinergy (reported previously) is partnering Indian Oil Corporation (IOC) to make Aluminum-Air battery systems. India’s Prime Minister Modi wants electricity to “de-carbonize mobility”, to recycle used Aluminum and increase made-in-India products.

Security partnership with Microsoft

Israel’s Voyager Labs (reported previously) has announced that its suite of AI cloud-based security solutions is now also available on Microsoft Azure. Also, the Microsoft One Commercial Partner program gives Voyager Labs the facility to sell to Microsoft customers in 170 countries.

Developing employees at UAE bank

Israel’s Gloat (reported previously) has deployed its smart recruitment system to its first Arab bank. The UAE’s largest bank - First Abu Dhabi Bank (FAB) – has partnered with Gloat to launch its internal “Talent Marketplace” and enhance its career development program.