Israel Active

Swiss-Israeli fintech Okoora has introduced its new AI-driven platform, Automatic Business Currency Management (ABCM) to simplify global payments, banking, and risk management. Okoora‘s 7,000+ business customers process low flat fee global payments in more than 100 currencies.

Eshkol Power ENergies has bought the 1,680-megawatt Eshkol natural gas power plant in Ashdod from public-owned Israel Electric for over NIS 12 billion. Part of the proceeds will be used to reduce electricity prices. It is the IEC’s 4th sale, to encourage competition in the energy sector.

The Israel Innovation Authority has selected Israel’s YDLabs to establish microorganism fermentation labs for the Israeli food-tech industry. The IIA will also invest up to $14 million in fermentation infrastructure so that all Israeli companies can develop and manufacture their food-tech products.

A new Israeli initiative will allocate 15 million shekels over five years to each of five innovation centers in the country’s periphery to encourage entrepreneurship in agriculture, food, energy, and climate tech. Each center will promote local innovation, training and employment.

A 68 billion cubic meter natural gas deposit discovered last year has been officially recognized as Israel’s 4th largest gas reserve. Katlan (also known as Olympus) is located between existing fields Karish and Tanin and will now be developed for supplying gas to Israel, Egypt, and Europe.

Israel’s Tevel Aerobotics (see previously) has won its first order in South America. International fruit producing giant Unifrutti is using Tevel’s drones to pick apples in Linares, Chile.  Great video.

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Israeli-founded cybersecurity Unicorn is Israel’s for an estimated . Israeli applicant tracking and candidate management platform is merging with US-based Spark Hire in a . US Industrial giant Ingersoll Rand is acquiring Israel’s for ; Israeli fintech has Europe’s Vizolution.

Israel’s ThetaRay (see previously) has won two major orders for its AI-powered, anti-money laundering platform. The first is from French e-payments leader Sylq. The second is from Nigerian digital payment provider VigiPay.

Israel’s Adam Steel (born Adam Perez) designs and installs walls, doors, staircases, and more, made of metals including iron, steel, aluminum, zinc, and copper. His luxury commissions include in the US, the UK, Canada, Turkey, and Italy. Most are for private homes, but also for corporates such as Microsoft.