The 11th annual EcoMotion conference welcomed more than 3,600 participants from more than 60 countries to Tel Aviv. Key topics were batteries, energy storage and cybersecurity. Top executives from Audi, BMW, Renault, and Toyota heard a “white” hacker identify security weaknesses in many vehicles.
Making Cincinnati a safer city
Israel’s Ceragon Networks (see previously) has won a multi-year contract worth $4.2 million with the city of Cincinnati to upgrade its public safety network. Ceragon will increase network capacity, efficiency, and lifespan, while supporting AI, automation, and real-time video.
Investment in Israeli startups to 4/6/23:
raised ; raised ; raised ; raised ;
3D metal printing startup to go public
Israel’s XJet (see previously) which develops inkjet technology for 3D printing of small metal and ceramic parts, is seeking to raise about $10 million from an initial public offering (IPO) of shares on the Nasdaq. XJet’s 100 employees doubled revenue to $6 million last year.
Cleaning solar panels in India
Israel’s Airtouch Solar (see previously) will supply its waterless cleaning robots to Adani Green Energy Limited, the leading Indian energy developer in a deal worth $2.5 million. It will boost energy production and save hundreds of thousands of liters of water.
Better Place put Israel in a better place
10 years ago, in May 2013, Israeli electric car network pioneer Better Place went bankrupt. But it has had a huge impact on the global EV market and positioned Israel at the forefront of autonomous vehicle and battery charging technology.
Partner goes electric
Always good to read initiatives to reduce pollution on Israeli roads. Israeli telecoms company Partner is switching most of its employees’ cars from gas to electric. Dozens of charging stations are installed at Partner's Rosh Ha'ayin HQ as it already has one of Israel’s largest corporate electric car fleets.
Cloud company Qubex won the Calcalist and Poalim Hi-Tech's StartUp+ competition. Qubex is building a platform that allows companies to adjust the size of their cloud to their actual consumption. Runners up included Faireez, , , and NOF - Natural Offset Farming.
1 million happy IT developers
Israeli AI software development platform Tabnine (see previously) is now used by a million IT professionals every month. This should increase significantly as Tabnine has just been made available on Google Cloud Marketplace.
Four Israeli startups star in CNBC top 50 list
CNBC’s latest Disruptor 50 List of outstanding startup companies includes Israel’s BeeHero (technology for healthier commercial beehives), Orca Security (agentless cloud security), Snyk (app security products for developers) and Wiz (cloud cybersecurity). +