Big demand for counter-drone defense
Israel’s D-Fend Solutions (see previously) is expanding its US presence due to growing demand. D-Fend’s anti-drone systems have been installed worldwide by militaries, law enforcement and homeland security agencies, and even major international airports.
Startup investment – to 7/7/24
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Partnership to secure smart cars
Israel’s Argus (part of Germany’s Continental AG) has partnered with Microsoft to develop a next generation, end-to-end platform for automotive and mobility security. The Argus Vehicle Security Platform, plus Microsoft’s software and GenAI, secure software-defined vehicles (SDVs).
Driving economic recovery in the North
Startup Nation Central is partnering with Tzafon Medical Center near Tiberias to help drive economic recovery in northern Israel. Startup Nation Central will help Tzafon train medical staff, create global partnerships, and connect to the local and global health tech innovation ecosystem.
3-week response
eHealth Ventures specializes in early-stage health tech startups. It operates a fast-track investment program that promises a response to all investment requests within three weeks. A positive response guarantees an investment of NIS 3 - 3.5 million within three months and acceptance into its incubator.
$80 million Korean fund
The South Korean NHOC Global Open Innovation fund will invest in DeepTech (engineering and scientific innovation) startups in Israel & South Korea. It will be one of the largest international investment funds, aiming to invest $80 million in some 30 startups from both countries,
Best funding quarter in two years
Israeli startups raised $1.9 billion in funding in the second quarter of 2024 – its best quarter since Q4 2022. A further $1 billion was raised by Wiz – the highest raised in one round in Israeli history.
Agrifood tech startups are thriving
Despite the war, Israel’s agrifood tech sector is thriving with 400 companies and nearly $100 million oof private funding in Quarter 1, 2024. Many companies have relocated from Northern Israel to the center and food security has become a major focus.
Ready to leap higher
Gilad Lando, CEO of Israel’s Smart Resilin (see previously), explains the unique process to make 500 grams a month of its revolutionary elastic material. He hopes that by partnering with Acies Bio of Slovenia this will increase to a ton of resilin per month by the end of 2026. That could be stretching it!
Startup investment – to 30/6/24
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